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Weekly News

Maker cuts off Aave’s DAI supply as fallout from Celsius continues

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. MakerDAO…

Continue ReadingMaker cuts off Aave’s DAI supply as fallout from Celsius continues

Portfolio in the red? How tax-loss harvesting can help stem the pain

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax. Crypto investors — particularly those…

Continue ReadingPortfolio in the red? How tax-loss harvesting can help stem the pain

High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang. On Thursday, ZachXBT, a cyber detective in the…

Continue ReadingHigh-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. Crypto traders had a brief opportunity to…

Continue ReadingBitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum. United States Securities and Exchange Commission…

Continue ReadingHester Peirce expresses strong support for crypto spot ETFs and regulatory structure

Resistance is futile! 3 reasons why Bitcoin mining will never go away

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. In the summer of…

Continue ReadingResistance is futile! 3 reasons why Bitcoin mining will never go away

Three Arrows Capital has failed to meet margin calls: Report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Crypto lender BlockFi was among several companies to liquidate at least some of 3AC’s positions, according to a new report. Venture firm Three Arrows Capital (3AC) has reportedly failed to…

Continue ReadingThree Arrows Capital has failed to meet margin calls: Report
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