Author: e_cash_top
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Terra revival narrative comes unstuck
[ad_1] The total cryptocurrency market cap saw net outflows totaling $34.27 billion. As of press time, it stood at $916.53 billion, down 3.6% over the weekend of Sept. 23. Bitcoin’s market cap fell 3.3% over the reporting period to $358.94 billion from $371.05 billion. Meanwhile, Ethereum’s market cap was down 4.4% to $157.25 billion from…
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Where have the miner rewards gone?
[ad_1] With macroeconomic conditions dictating the overall market sentiment and price-action, it can feel like little has changed since Ethereum’s merge to a Proof-of-Stake (PoS) consensus mechanism. The price of ETH has dropped 14.4% since the merge while the strength of the U.S. dollar has surged. ETH and USD Price Performance (Source: IntoTheBlock Capital Markets…
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Weekly MacroSlate: Fed scores a hat-rick of 75bps hikes as currencies start to collapse worldwide against the DXY including Bitcoin
[ad_1] Macro Overview Fed scores a hat-trick The fed delivered its third consecutive 75 basis point hike accompanied by higher forecasts of future rates, pushing the dollar index and fixed income yields to new highs. Volatility across all asset classes had picked up, which had seen the ten-year minus two-year yields eventually close the widest…
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Is ETH inflationary or deflationary after the Merge?
[ad_1] One of the most heated debates surrounding Ethereum’s transition to a Proof-of-Stake network focused on the issuance of ETH. The leading narrative behind the Merge was that it was supposed to make ETH a deflationary currency. Since the Merge was completed on September 15, ETH issuance has been drastically reduced. The estimated annual issuance…
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Cardano up 3% following completion of Vasil hard fork
[ad_1] Cardano’s ADA has reacted positively to news of the successful completion of the Vasil upgrade, rising 3.6% in the last 24 hours to trade at $0.4638. The Vasil upgrade went live at 9:44 pm UTC on Sept. 22, according to an announcement from Input Output. #Vasil mainnet HFC event successful!🍾 We’re happy to announce that…
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Binance to add opt-in button for 1.2% LUNC burn tax on all trades
[ad_1] Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn. However, he later posted a blog post to…
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Binance hires ex-Kraken compliance chief; Coinbase faces patent infringement lawsuit
[ad_1] The biggest news in the cryptosphere for Sept. 23 includes Kraken’s former compliance chief’s switch to Binance, the new patent infringement lawsuit Coinbase has to face, and Bitcoin mining firm Compute North’s chapter 11 bankruptcy. CryptoSlate Top Stories Binance hires former Kraken compliance chief Binance hired its rival Kraken‘s chief of compliance and said…
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IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
[ad_1] On Sept. 22, a U.S. judge granted the Internal Revenue Service’s (IRS) petition that requires M.Y. Safra Bank to submit records of taxpayers who may not have reported or paid taxes on crypto transactions. Specifically, the IRS is interested in the records of cryptocurrency prime broker SFOX’s users, according to a press release. New…
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Binance hires former Kraken compliance chief
[ad_1] Cryptocurrency exchange Binance hired Kraken’s former chief of compliance Steven Christie in May as senior vice president of compliance to lead its global compliance team, The Wall Street Journal reported Sept. 23. Binance’s CEO Changpeng Zhao (CZ) said he is looking to hire more compliance experts in the near future. Christie left his position at Binance’s…
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NFT Festivals | 5 Top Crypto Projects Making Huge Noise in 2022
[ad_1] Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › In 2017, Devcon three was the only festival event that was releasing NFT tickets to gain access to an event. Since then, the entire festival NFT economy has boomed, with many events starting to release…