Crypto news

Cega Finance – a decentralized finance platform – has earned more than $4 million in seed money from firms such as Dragonfly Capital Partners, Coinbase Ventures, Alameda Research, and Solana Ventures. Cega Finance Completes $4 Million Funding Round Cega seeks to bring exotic derivative capabilities to crypto. At press time, the Cega team consists of several monetary experts, experienced developers, Y Combinator founders, and a former options trader. The company’s staple...

Continuing his quest to spread political and economic sanctions against Russia as much as possible, the Ukrainian Vice Prime Minister, Mykhailo Fedorov, asked Tether to halt servicing Russians. Mykhailo Fedorov, the Vice Prime Minister of Ukraine, asked tether to halt servicing Russian users. Today, the entire democratic world has united against Russia to punish the bloody invaders economically. I call on Tether (and Paolo Ardoino – CTO) to stop any transactions with the...

The ETH market currently resembles the sideways consolidation that is also taking place across all other cryptocurrency markets. Thinking of this phase as a prolonged accumulation period, many traders might suspect this structure as the bottom for Ethereum price, but let’s take a closer look. Macroeconomic factors still affect the market, while spot volume is low, and the Open Interest rate has grown very little. But the big question is whether this is a buying opportunity,...

Since January 2022, Bitcoin has been experiencing significant volatility. The following chart shows an evident supply zone at the $45-46K price area, marking it the range’s top and the main barrier for the BTC price to reach out for a possible retest of the $50-60K channel. On the other hand, a distinguished demand area at the $33-35K region marks this area as the lower consolidation boundary. The Daily Chart Technical Analysis by Shayan Currently, the price stabilizes above...

Cardano’s network is reportedly attracting considerable interest, at least according to the Marketing and Communications Director of IOHK: Input Output. Back in September 2021, Cardano went through one of the most important mainnet upgrades called Alonzo. It was part of the development cycle of Cardano known as the Goguen era and the most important part of it was the integration of smart contracts. Since then, the network went through other important upgrades and saw...

The Bored Ape Yacht Club NFT collection saw its floor price surge by about 25% in less than a day. The move comes following major developments announced by the company behind it. Yuga Labs – the company that took the responsibility for creating the Bored Ape Yacht Club NFT collections – revealed they’ve acquired the CryptoPunks and Meebits collections. In essence, Yuga Labs acquired the intellectual property rights to both series. Today we’re excited to announce that Yuga has...

The cryptocurrency market failed to deliver any significant movements in the past 24 hours as the majority of coins are trading flat with no real discrepancies. There are, of course, a few exceptions, so let’s unpack. Bitcoin Price Flat at $39K As seen in the chart below, the past 24 hours were finally a bit less volatile compared to previous periods. With one exception where BTC’s price dipped towards $38,500, the primary cryptocurrency has been trading around $39,000 for...

Singapore’s income tax treatment will be determined based on the nature and use of the NFT. Taxing NFTs According to the latest report by The Business Times, Singapore Finance Minister Lawrence Wong while addressing the parliament revealed that the prevailing income tax rules will apply to the income derived from non-fungible token (NFT) transactions or trading in it. Due to the absence of a capital tax regime in Singapore, individuals deriving capital gains from the NFT...

People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working to implement that will purportedly combat this growing crime wave. Malaysia Looks to Stop the Theft of Its Energy The company – known as Tenaga Nasional Bhd. – says it’s looking to impose a new tariff on bitcoin mining operators. The idea is to ensure that nobody can get away...

Steve Wozniak – the co-founder of Apple – has long been a fan of bitcoin and crypto. In a recent interview, he referred to bitcoin as one of the biggest mathematical miracles of all time. Steve Wozniak Believes in Bitcoin Calling it “pure-gold mathematics” to be precise, Wozniak made it clear that while he loves bitcoin and the technology that supports it, there are other elements of the digital currency arena that he’s not too fond of, non-fungible tokens (NFTs) being...