Market analysts noted that the cryptocurrency sector lost almost 3% of capitalization in just a day (as of 12:00 Moscow time on August 2, 2022). Experts stressed that all the world's leading assets have fallen in price. First, this affected Bitcoin (BTC) and Ethereum (ETH). The flagship cryptocurrency has lost about 2% in value per day. Its price fell...
Some countries want to create a separate order book (liquidity) to effectively protect consumers. The CEO made this conclusion of Binance, Changpeng Zhao, based on the results of interaction with regulators. “This is a bad idea for a number of reasons ,” he stressed. Zhao is convinced that ordinary users will suffer if it is implemented. They will lose tight...
Analysts of the TheNewsCrypto portal spoke about the 5 most promising, in their opinion, cryptocurrency assets shortly. According to experts, these blockchain projects can significantly enrich their investors in the next 2 weeks and are the most reliable on the market. These included: Bitcoin (BTC), Binance Coin (BNB), Polkadot (DOT), Ethereum Classic (ETC), and FileCoin...
Well-known online cryptocurrency analyst Altcoin Sherpa spoke about the future value of several virtual assets in the market. He predicted that the price of Ethereum (ETH), Axie Infinity (AXS), and LooksRare (LOOKS) would rise more than others as the market recovers. In his opinion, the Ethereum rate can still add from 30% to 50%, even though it...
Mining equipment manufacturer Canaan plans to open a cryptocurrency mining facility in the United States. This was announced by the company's vice president, Edward Lu, in an interview with Forkast . “Right now, the real revenue from solo or collaborative mining comes from Kazakhstan, but you will see other markets soon,” Lu said. The firm launched bitcoin mining in the Central...
The efforts of the EU authorities in regulating cryptocurrencies may lead to the imposition of a European model, which will damage the ability of US supervisors to create their own rules effectively. This opinion was expressed by the former chairman of the CFTC, Christopher Giancarlo, who writes CoinDesk. The former official referred to the MiCA Cryptocurrency Regulation Bill, which...
Clients of the American division of the FTX bitcoin exchange received access to trading in classic stocks. This happened after the completion of beta testing among a limited circle of users. The company promised in the future to add the possibility of transactions with options. Specific dates are not specified. FTX US does not charge a commission on securities transactions...
US Senate Banking Committee Vice Chairman Pat Toomey said that investors in crypto lending products had been hurt by the SEC's reluctance to clarify the regulation of the digital asset industry. In a letter to SEC chief Gary Gensler, the politician stressed that the agency's "regulation through enforcement" approach is a wayward and ineffective approach to consumer protection. The...
Leading digital assets continued to rise despite the increase in the Fed 's key rate range by 75 basis points at once. The capitalization of the cryptocurrency market increased by 8% per day and overcame the level of $1.1 trillion, according to CoinGecko . Over the same period, Bitcoin has risen in price by 9.5%, Ethereum has added almost 14% in price. At the...
In 2022, the correction affected all areas of the digital market. Despite the decline in performance, the DeFi sector is not losing popularity. One of the drivers of decentralized finance is profitable farming. Investments in liquidity pools and lending platforms bring high returns - up to 4000% per year. Risk is limited by coin novelty and volatility. In 2018-2020 such platforms...
