Author: e_cash_top

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[ad_1] David Marcus, founder of Bitcoin (BTC) payments firm Lightspark, disappointed crypto bulls hoping for a quick crypto market recovery, as he predicted that the bear cycle will likely last through 2024. In a blog post on Dec. 30, Marcus, who was the co-creator of Meta’s scrapped crypto project Diem, wrote: “We won’t exit this…

27 stats about NFTs in 2022

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[ad_1] At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry. The massive influx of collections, new marketplaces, and easy money in the space created the perfect mix of incentives for fraudulent activity. As we know, I published…

Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility

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[ad_1] Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss. Musk’s personal fortune was at $340 billion on Nov. 4, 2021, which made him the richest man in the world. On December 2022,…

Nearly $9B worth of ETH was burned in 1.4 years

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[ad_1] The second largest cryptocurrency by market cap, Ethereum (ETH), implemented a token burn mechanism on Aug. 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. Since then, nearly $9 billion worth of tokens have been burned cumulatively, data from Glassnode indicates. A total of around 2.8 million ETH tokens have been removed from…

Bahamas Security Commission told SBF to surrender $300 million

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[ad_1] FTX and its associated debtors said on Dec. 30 that nearly $300 million seized by the Bahamas’ main securities regulator was transferred without approval. The debtors asserted that the Bahamas Securities Commission (SCB) instructed former FTX CEO Sam-Bankman Fried and his associate Gary Wang to send $296 million of digital assets to a Fireblocks…

Valkyrie aims to rescue Grayscale’s Bitcoin Trust

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[ad_1] Valkyrie Investments announced in a Dec. 28 statement that it has submitted a proposal to become the sponsor and manager of Grayscale’s Bitcoin Trust. Grayscale BTC (GBTC) is among the largest Bitcoin investment funds, valued at 643,572 BTC ($10.6 billion) at present. However, the fund is also in trouble: in December, GBTC traded at…

Sam Bankman-Fried denies moving Alameda funds in latest tweet

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[ad_1] Sam Bankman-Fried, founder and former CEO of FTX, returned to Twitter on Dec. 30 after weeks of inactivity coinciding with his arrest. Bankman-Fried commented on a recent event that saw Alameda-related cryptocurrency addresses move at least $1.7 million of assets. Those funds were transferred to crypto mixers in several batches on Dec. 28. Bankman-Fried…

Italians to pay 26% crypto gains tax from 2023

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[ad_1] The Italian Parliament has approved the implementation of a 26% taxation on any crypto-oriented profits above €2,000 on Dec. 30. This new legislation is a part of the 2023 Italian budget. The budget describes cryptocurrencies as a virtual representation of value, which can be held and transferred electronically through the distributed ledger. However, it…

2022 second-worst year ever for Bitcoin price – Arcane

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[ad_1] Arcane Research’s 2022 year-end report cited that 2022 was the second-worst-performing year for Bitcoin (BTC), as the leading crypto saw a 65% decrease throughout the year, only beaten by the 73% sink recorded in 2018. BTC, ETH, BNB, S&P500, and Gold in 2022 BTC’s performance was the second-worst of the year compared to Binance…

Pi Network warns against Huobi’s unauthorized Pi token listing

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