Tag Archives: social

Established in 2014, BitMEX is a veteran derivatives exchange, a pioneer for the crypto industry, which used to be the leading one for a serious period of time. In fact, the traded volume on BitMEX was much more than that on any other derivatives exchange until 2019. BitMEX exchange had a serious impact on the cryptocurrency market as a whole, and in a sense, helped shape the industry into what it has become today. CryptoPotato had the pleasure of interviewing Alexander...

Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism. Over 300k ETH Burned According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of writing, that was originally designed to be rewarded to miners as part of fees, has been burned in less than two months since the last network...

The ruling Democratic Party of South Korea intends to delay the upcoming taxation policy of digital assets. According to the officials, taxing bitcoin and altcoin investors still lacks proper infrastructure. Delaying The Crypto Taxation The Democratic Party of South Korea has objections in regards to the upcoming law that plans to start taxing gains made from cryptocurrency investments. According to a recent report, they have even passed a bill that could suspend the...

Changpeng Zhao – Chief Executive Officer at Binance – opined that a growing number of traditional monetary institutions had turned their sight into cryptocurrencies recently, especially bitcoin. He also mentioned that the trading platform would change its structure to comply with the regulatory requirements. Financial Institutions Are Flocking into BTC In a recent interview for The South China Morning Post, Changpeng Zhao – Founder and CEO of Binance – shared his views on the...

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities...

Cardano is currently the third-largest cryptocurrency by means of total market capitalization. The network saw substantial growth over the current bull cycle, which brought its current valuation to $76 billion at the time of this writing. Over the years, Cardano has received serious criticism of its approach where naysayers argued that the billion-dollar market cap is completely unjustified for a network with no usable applications. For those unaware, the project took a...

The Prime Minister of Estonia – Kaja Kallas – opined that the country should be very cautious about employing cryptocurrencies in its economic system. She added that even one of the leading digital asset exchanges – Coinbase – urged the government of the small Baltic nation to make Bitcoin legal tender. As of the moment, though, Kallas does not feel “positive about this.” Following El Salvador’s Move Is Not on The Horizon The recently elected Prime Minister of Estonia – Kaja...

Bitcoin’s recent price surge has led to the formation of a golden cross as the 50-day moving average has gone over the 200-day moving average. Although it’s considered a lagging indicator, previous similar cases have resulted in further price increases for BTC, with investors anticipating a similar move now as well. Bitcoin Golden Cross Took Place This popular indicator occurs when a short-term moving average (the 50-day one in this case) surpasses a major long-term moving...

If the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will kill its progress, said Ray Dalio. At the same time, he believes most bigger countries, like China and India, have already started trying to do so. Speaking to CNBC on September 15th, the founder of Bridgewater admitted once again that he had allocated a certain amount of his portfolio in bitcoin. This comes even after spending years bashing the cryptocurrency...

The New York Attorney General (NYAG) – Letitia James – won the case against the cryptocurrency trading venue Coinseed. Following the court decision, the platform must shut down after it defrauded its customers by converting their funds into Dogecoin (DOGE) without permission. NYAG Scores a Victory against Coinseed According to a recent press release, Letitia James – New York Attorney General – won a court order against the digital asset exchange Coinseed and its Chief...