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Weekly overview

Solana DeFi protocol Everlend shuts down over liquidity issues

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

With FTX’s ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds. Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations…

Continue ReadingSolana DeFi protocol Everlend shuts down over liquidity issues

Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead. Avalanche (AVAX) bulls should brace themselves…

Continue ReadingAvalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

Bitzlato CEO arrested by Spanish police: Report

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

Authorities seized an estimated $19.8 million worth of crypto, fiat and luxury goods from Bitzlato executives related to an ongoing money laundering investigation. According to a Feb. 2 report by Turkish…

Continue ReadingBitzlato CEO arrested by Spanish police: Report

Senate Banking Committee’s priorities for new Congress include crypto: Report

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

Senator Tim Scott, who became the committee ranking member following the departure of Pat Toomey, reportedly plans to make a crypto regulatory framework a priority in 2023. Senator Tim Scott,…

Continue ReadingSenate Banking Committee’s priorities for new Congress include crypto: Report

Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

The online community has expressed bewilderment over how China’s crypto ban aligns with the United States’ proclaimed principles of freedom. The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie…

Continue ReadingCommunity mocks Charlie Munger for his obsession with China’s Bitcoin ban

Is the Metaverse really turning out like ‘Snow Crash’?

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

Neal Stephenson’s science fiction novel Snow Crash predicted the Metaverse in 1992. This cult book has the amusingly-named Hiro Protagonist running around in an artificial cyber world, trying to stop…

Continue ReadingIs the Metaverse really turning out like ‘Snow Crash’?

What is crypto tax-loss harvesting, and how does it work?

  • Post author:admin
  • Post published:February 3, 2023
  • Post category:Weekly overview

Crypto tax-loss harvesting is a strategy used by investors to offset capital gains in their crypto investments by selling losing positions at a loss. Crypto tax planning can help optimize…

Continue ReadingWhat is crypto tax-loss harvesting, and how does it work?
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