'Hyperinflation' DeFi coins hit the hardest in crash: Report

A large number of DeFi governance tokens are still way down from their peaks as farmers take profits.

Bull or bear? Pros don’t care! Here’s 3 strategies every trader should know

Here’s 3 strategies pro traders use to produce profits regardless of the market’s direction. Those new to investing might think that professional traders spend the majority of their time staring at screens day and night in order to analyze the markets and pick the best trades but this could not be farther away from the truth. Having a good eye isn’t what differentiates top traders from average ones, it’s the application of tried and tested strategies that give pro traders the ability to stay net positive over long periods of time.

PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

There may be more upside for crypto than for PayPal's earnings, researchers wrote.

What is Crypto Arbitrage and How Does It Work?

With tens of billions worth of cryptocurrency changing hands across exchanges, some traders take profits by playing them off against one another.

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14.

S Korean Industry Group Asks Seoul to Suspend Crypto Taxes until 2023

Source: Adobe/Андрей Яланский The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time. Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related firms, suggested

Spain plans new bill that requires full crypto disclosure

According to a government spokesperson, Maria Jesus Montero the Spanish government is preparing a bill that requires owners of cryptocurrencies to disclose their holdings, including any profits made. The post Spain plans new bill that requires full crypto disclosure appeared first on AMBCrypto.

Litecoin long-term Price Analysis: 05 October

Litecoin has seen a fair amount of surges in the past week or so, however, these profits were wiped off equally quickly.

Bitcoin use rise in Egypt amid economic recession

People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic. As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies.

Here's why you should get a bag of Ethereum Classic

Ethereum Classic aka the zombie coin could yield good profits in the near future.

When Bitcoin Hits $100,000 Mike Novogratz Will Donate Most of His Profits to Charity

Michael Novogratz, the founder and CEO of Galaxy Digital, has said that he will donate most of his profits to charity when Bitcoin hits $100,000.

Bitcoin: Here's how increased high-frequency trading cuts into your profits

Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be e The post Bitcoin: Here's how increased high-frequency trading cuts into your profits appeared first on AMBCrypto.

Tether is losing ground, but stablecoins supply peaks with $20 billion

This year witnessed close competition between major assets raking in great profits.

As DeFi Cools, Altcoin Pump Addicts Smell Fresh Blood in NFTs

As the correction hit the DeFi (decentralized finance) sector, market players, spoiled by quick DeFi profits, are now looking for new targets to pump and are setting their eyes once again on a particular existing type of tokens to use as fresh blood - non-fungible tokens (NFTs). Ari Paul, Chief Investments Officers (CIO) of BlockTower Capital, tweeted that, following a

CIA Increases Blockchain Focus with Profit-Sharing R&D Lab

CIA Labs is a new initiative designed to recruit top talent with potential IP profits, and blockchain is on the US agency’s list of priorities.

As DeFi Eyes Profits, One Stablecoin Won't Sacrifice Privacy

For years, the rich have stored gold and euros in offshore bank accounts.

Ethereum Mining Revenue Reaches Five Year High

The only ones happy about the current astronomical gas prices are Ethereum miners as they are raking in the profits like never before. The post Ethereum Mining Revenue Reaches Five Year High appeared first on CryptoPotato.

Binance Coin Jumps 17% Rally by Mid-September; Could It Hit $40?

Binance Coin (Symbol: BNBUSD) is the only top tier cryptocurrency that has returned profits to its investors in the first half of September.

DeFi app overview: How to navigate crypto’s new finance wave

With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive.

Uniswap DeFi Trader Tells a Story Of Exploiting A Bug and Making USD 270k

An alleged trader on the Uniswap decentralized exchange claims she/he made close to USD 270,000 in profits after exploiting a bug with the rebase functionality of the recently listed token Soft Yearn (SYFI). The claim was made through an anonymous Twitter account called Amplify on Monday this week, with the person claiming that she/he is “the person who sold SYFI on

Argo’s H1 Revenue Soars but Profits Drop as Bitcoin’s Halving Boosts Mining Costs

Argo Blockchain has reported a near quadrupling in revenue even as capital depreciation led pre-tax profits to slide by 45%.

UK miner Argo reports 280% increase in revenue despite May’s Bitcoin halving

London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%. Publicly-listed mining firm Argo Blockchain has published bullish interim half year results for 2020, despite the recent Bitcoin (BTC) halving and a host of “challenging conditions.” Argo Blockchain PLC is headquartered in London, with its shares listed on the main market of the London Stock Exchange.

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, NEO, XEM

A short-term bottom for Bitcoin and altcoins may be confirmed if the bulls do not allow the recent lows to be broken during the next fall. The US stock markets, gold, crude oil, and crypto markets have all corrected in the past week, which shows that traders booked profits in most asset classes.

Compound governance proposal seeks to end COMP yield farming craze

A Compound proposal could put a major dent in the profits for all yield farmers. A new Compound governance proposal from Gauntlet founder Tarun Chitra would see all future COMP token distributions locked in a vesting schedule. The proposal was submitted on Wednesday and outlines several ways that the vesting could be implemented.

Korean Crypto Exchange Seized After Banking $85 Million in 'Illegal Profits'

Authorities stormed into Coinbit’s offices today after they found the exchange had faked over 99% of its trading volume.

MetaMask Updates User License, Some Users Need to Pay Fee

Nothing in life is free. MetaMask announced it had made updates to its products' use license. The company stated in a press release published on its blog that the new updates will not have any impact on all end-users, most application developers and non-profits and will be free of charge for those groups. The company clarified that it would continue publishing and iterating upon the wallet provider API in the public sphere, ensuring a widely cross-compatible ecosystem of applications.

Price Analysis 8/19: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, BNB, EOS

Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed. Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin's price to stop doing what it's been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and crypto assets. As

Ashton Kutcher’s Terrible Artwork Lives on as NFT After Incineration

Celebrity Ashton Kutcher has digitized and incarcerated a drawing that will be auctioned on NFT marketplace Cryptograph to support ecological charities. An ‘artwork’ doodled by famed That 70s Show star Ashton Kutcher has been digitized and will be auctioned on the new non-fungible token (NFT) and digital art marketplace Cryptograph. The auction will raise funds for ecological conservation non-profits Global Wildlife Conservation and Oxygen Seven, with bidding set to commence on August 25 from 10 am PT and remain open for three days. After digitizing the drawing, Kutcher set the original on fire, with Cryptograph describing the incineration of the hastily scribbled piece as “turning it from the temporary physical world into the immortal digital world.” Some might argue that immortalization on the blockchain is an honor ill-befitting Kutcher’s very basic pen-and-paper scribble that appears to comprise roughly one-dozen pairs of eyes alongside his signature and a small star.

First Mover: Litecoin and Mimblewimble, Ether Futures, Chainlink, Curve

Litecoin's Mimblewimble upgrade sparks optimism, Ether futures hit records, Chainlink developers take profits.

LG CNS Blockchain-powered Sales Up 12%, More Projects Planned for H2

Industry 4.0 and blockchain technology-related sales have helped boost the sales performance of LG CNS, the IT services arm of the LG Group – despite an overall drop in profits caused in part by the coronavirus pandemic. Per media outlet Seoul Kyungjae, LG CNS reported a drop in sales of over 1% overall, but a year-on-year rise of 12% in industry 4.0 and blockchain-related

Bitcoin: Are four-figure profits simpler than you think?

Leaving aside the fact that Bitcoin has been a strong 'buy' for a number of years [except 2015 and 2018, if we're being picky] short-term traders get very anxious looking at the immediate price moveme The post Bitcoin: Are four-figure profits simpler than you think? appeared first on AMBCrypto.

Blockchain Bites: Coinbase’s Loans, Ethereum’s Fees, YAM’s Bug

Ethereum fees and miners' profits are at all-time highs.

Count your Bitcoin profits - If you're a big miner, that is

At the moment, Bitcoin [BTC] might be struggling to shrug off its resistance at $12,000.

Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits

A proposed capital gains tax cut could be good news for crypto traders in the US A proposed tax cut by US President Donald Trump could be a big win — or a relatively insignificant win — for the crypto industry if it is passed. In a news conference at the White House earlier this week, President Trump said that his administration was “very seriously” considering a capital gains tax cut. “We’re looking at also considering a capital gains tax cut, which would create a lot more jobs.” There is a debate over the extent of President Trump’s ability to deliver tax cuts.

Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket

Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies.

DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say

DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.

Germany: Alleged Darknet Druglords on Trial for Bitcoin Narcotics Trade

The alleged dealers involved in Germany’s largest Bitcoin-enabled darknet narcotics marketplace will stand trial today. The alleged dealers involved in “Chemical Revolution” — Germany’s largest darknet narcotics marketplace — will stand trial today. The high number of initial defendants in the case has meant the trial is being held in a congress hall in Giessen, central Germany, large enough to accommodate the proceedings. While seven defendants are standing trial today, a total of 11 persons were arrested back in June 2019 in connection with the case.  They were charged with selling vast quantities of drugs — including MDMA, amphetamine, heroin, cocaine and cannabis — to consumers in exchange for Bitcoin (BTC).  State prosecutors in Frankfurt allege that the 11 defendants trafficked over 130 kilos of amphetamines, 42 kilos of cannabis, 17 kilos of crystalline ecstasy, 6 kilos of cocaine, and kilos of heroin via “Chemical Revolution” between September 2017 and February 2019. Their profits are alleged to have exceeded 1 million euro ($1.2 million), in what is thought to have been the country’s largest online narcotics trade. A complex, illicit web of operations The months-long investigation — which culminated in the site closure, drugs seizures and arrests of last June — began in early 2018.  German police infiltrated the complex web of supply chain and administrative structures behind the site by means of undercover investigators and fake drug purchases, as well as insider informers.  The alleged principal offender in the “Chemical Revolution” case is reported to be a 26-year-old German citizen, resident in Mallorca.   Defendants were involved in the site’s operations across “different points within the supply chain," prosecutors say — from platform administrators to couriers to sales staff. A German federal police study of online drug trafficking, published in September 2019, indicated a 27.5% increase

Ethereum holders register profits unseen since 2018

Being the second-largest cryptocurrency, Ethereum has been witnessing a boost in interest from traders.

McAfee Says NetWalker Ransomware Generated $25M Over 4 Months

The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020. Cybersecurity firm McAfee released a study showing the activities of NetWalker, a ransomware first known as Mailto that was initially discovered in August 2019. According to the report, the operators of NetWalker have collected over $25 million from ransom payments since March 2020. From March 1 to July 27, the group collected around 2,795 Bitcoin (BTC), purportedly making it one of the most profitable types of ransomware for cybercriminals. According to the report, the Bitcoin transactions received by the gang — where the amount is split among several different addresses — reflects that NetWalker is a "ransomware-as-a-service" malware. Such a maneuver implies that it has generated such a huge amount of money thanks to the affiliate revenue sharing it offers to other operators, McAfee states. Strengthening its capabilities McAfee notes that NetWalker operators have moved away from using legacy Bitcoin addresses to SegWit addresses, due to its faster transaction times and lower costs, suggesting a sophistication in their modus operandi after becoming a ransomware-as-a-service model. On March 20, at least two darknet forums saw posts related to the NetWalker actors offering the ransomware with a revenue-sharing scheme to help spread the malware and make it much as profitable as possible.  Speaking to Cointelegraph, Brett Callow, threat analyst at malware lab Emsisoft, said: "NetWalker is a big game hunter and responsible for numerous attacks on larger public sector organizations as well as private sector companies.

Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities

A number of crypto businesses and non-profits have written to the main banking regulator in the US asking for banks to have more authorization to deal with crypto. In response to a request for comment on potential rules from the Office of the Comptroller of the Currency (OCC), many major players in crypto have written in, asking the regulator to expand the authorizations it gives banks to handle cryptocurrencies and use blockchain technology.  Blockchain-backed transfers and new stablecoins as dollar competitors One of the leaders in blockchain-backed financial services, Silvergate Bank wrote to the OCC to promote blockchain as a more efficient way for banks to send money to each other and between client accounts.

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs.

5th Birthday: Ethereum Miners Rejoice Over High Network Fees

The recent strengthening of on-chain metrics such as hash rates, combined with high transaction fees, have resulted in Ethereum mining profits return to a two year high, and to it, on its 5th birthday. The post 5th Birthday: Ethereum Miners Rejoice Over High Network Fees appeared first on CryptoPotato.

Crypto Traders Send $368,000,000 in Ethereum to Exchanges As Bitcoin Meets New Level of Resistance

After an impressive bull rally that saw Bitcoin (BTC) hit a new yearly high of $11,488, market participants appear to have taken profits.

93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday

Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit.

AMFEIX Threatens Users Who Share Coverage That Criticizes the Company

The purported investment fund is exhibiting some shady behavior. Last week Cointelegraph published a story about investors having difficulty getting their money back from a crypto fund called AMFEIX, which promised high-yield profits for investors who sent them Bitcoin (BTC).

BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer

The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself. China-based mining pool Btc.top wants to upgrade the concept of cloud mining, which allows users to mine crypto remotely by buying a certain amount of hash power from a third-party, with what it calls “joint mining.” Announced on July 25, the company’s new “joint mining” subsidiary B.top aims to reduce the risks associated with “popular cloud mining products” by offering more flexibility. Specifically, B.top claims to charge service and maintenance fees to its users only after they have reached the break-even point, meaning that its customers start to share profits when their revenue is equal to the cost they initially paid to purchase the equipment.

Bitcoin's stable price does not mean profits are absent

Even with Bitcoin's mid-week push above $9,500, the larger trend of stability has held strong.

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday.

South Korea’s crypto traders could face a 20% tax on profits

Following months of parliamentary discussions, the country’s digital currency traders could soon be taxed on their crypto profits.

Korean Government Proposes Tough New 22% Tax on Crypto Trading

Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.

Vitalik Buterin Warns High Fees Threaten Ethereum’s Security

As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network. Ethereum (ETH) co-founder Vitalik Buterin has called for reform to the cryptocurrency’s fee system, warning that rising transaction fees could undermine the security of the network. The idea is based on a paper that suggests miners’ increasing reliance on transaction fees may incentivize selfish mining practices in a bid to extract greater profits, risking disruptions to how transactions are processed.  Buterin’s comments come as users report Ether transaction fees tagging 100 gwei.

Decentralized fashion brands are turning consumers into creators

DAO-driven decentralized brands are giving the public the power to create everything from fashion houses to record labels—and share in the profits.

Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration

Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients. Top five Swiss bank Julius Baer Group, which manages $427 billion in assets, announced on July 20 that its profit increased by $524 million in the last two quarters.

This DeFi Crypto Has Yielded 600% Profits This Year; Here’s Why

A dollar invested in KNC crypto token at the beginning of 2020 is now worth $6.

South Korean Local Stablecoin Operator Posts Record Profits

Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins. Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or so years – has posted record-high sales and profits, coinciding with a slew

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

US Secret Service Creates Finance-Related Cybercrime Task Force

The Cyber Fraud Task Force created by the US Secret Service aims to combat the growing trend of cybercrimes related to financial matters. The US Secret Service announced the creation of the Cyber Fraud Task Force, or CFTF on July 10, after merged its Electronic Crimes Task Forces and Financial Crimes Task Forces into a single network. According to the official announcement, the Secret Service had been planning over two years to create a unified task force to combat cybercrimes related to the financial sector and fight things like ransomware attacks, business email compromise scams, credit card online stealing, among others. The CFTF appears in a context that the illegal market of credit card stolen data through the dark web and banking details from companies keeps rising. Concerns Toward Cryptocurrency Transactions The Secret Service showed concern toward the role of cryptocurrencies behind the online illegal transactions, as these have become “one of the primary means by which criminals launder their illicit profits,” the announcement said. Speaking with Cointelegraph, Ameet Naik, security expert at PerimeterX, commented on the official launch of the CFTF: “Financial crimes and cyber crimes are two sides of the same coin.

Orchid token (OXT) up 11% on VPN app Apple store debut

The perfect trade of OXT this week would have netted an investor 19.67% in profits.

What do Bitcoin and gold's price similarities reveal?

Bitcoin has long been called 'digital gold,' and true to its name, BTC has proven to be a store of value over the past few years, with the asset yielding better profits than gold or equities.

Billionaire Bitcoin (BTC) Bull Peter Thiel and Coinbase Are Backing This Little-Known Cryptocurrency

Crypto investment heavyweights are backing Reserve, a stablecoin project designed to create a new universal store of value while generating potential profits for investors.

Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs

During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27.