Panic seller loses $222K in AAVE amid market fluctuation
A crypto investor’s AAVE panic sale incurs a significant loss, underscoring the risks of emotional trading strategies in uncertain markets.
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Crypto VCs made $2.6B worth of deals in the first quarter of 2023
Valuation trends in the report are mixed, with seed rounds up 33.3% and late-stage rounds up 209.2% compared to 2022. Meanwhile, early-stage rounds are down 16.7%. While the crypto space still suffers a bear market, venture capital (VC) firms have still managed to make a number of deals at the start of 2023, proving that…

Nifty News: BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more
Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible tokens (NFT) inscriptions using the Ordinals protocol.Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data.The rise came on the back of a relatively slow period between Feb. 16 and…

The Bitcoin Family talks about traveling, giving and orange-pilling
Seasoned crypto enthusiasts will remember Didi Taihuttu as the man who went all-in on Bitcoin (BTC) in 2016. He sold his and his family’s possessions. camping out in the Netherlands while he waited for Bitcoin to the moon.In an interview with Cointelegraph, Taihuttu recalls how it felt to own almost nothing but Bitcoin, 6 years ago:“I…

Zimbabwe U-Turns on Crypto, Looking to Stabilize Local Economy
The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by authorities in Zimbabwe to revamp the nation’s financial sector, which has seen massive hyperinflation since 2007.Meanwhile, Zimbabwe’s government…

Traditional crypto custodians ramp up security to accommodate institutional demand
Institutional investors are paying close attention to digital assets as Bitcoin (BTC) continues to soar past record-breaking levels, almost reaching the valuation of $24,000 for the first time in its history.Recent findings from a Bank of America–Merrill Lynch survey conducted between Dec. 4 and 10 show that about 15% of fund managers with $534 billion…

Do Kwon says SEC’s extradition request is impossible
The Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States. 273 Total views 4 Total shares Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the

US Stocks rise for third straight day as bond yields fall
Treasury yields declined, giving stock market bulls new momentum. 141 Total views 1 Total shares October 10, 2023Stocks in the US rose for the third straight day as the market continues to assess the effect of the Israeli-Hamas conflict. Bond yields fell as investors desired the safety of US Treasuries, and these falling yields helped

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Jobs data "not what Fed wanted to see"Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in a single hourly