Beware the perils of one-size-fits-all approach to crypto investing
The collapse of Voyager and Celsius highlights the risks of crypto investing apps and underscores the need for tailored user education, writes Jackson Zeng of Caleb & Brown.
-
-
Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk
Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.
-
Solana NFT sales surge as traders farm for Tensor rewards
The Forkast SOL NFT Composite dropped 6.13% over the past week while sales increased. Industry expert suspects casino-like behavior of traders moving funds to new projects.
-
Bet on the Black? Take a punt on the Red? Or maybe put it all down on an NFT?
Savvy traders are quick to extract liquidity to reinvest into the “slot machines” of the NFT casino, according to CryptoSlam’s NFT strategist.
-
New York attorney general sues KuCoin for ‘falsely representing itself as an exchange’
The NY State Attorney General is suing crypto exchange Kucoin for not registering as a securities and commodities broker-dealer and calling itself an exchange.
-
Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder
NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.
-
CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position
CFTC chair Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to past statements from SEC Chairman Gary Gensler.
-
Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%
Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.
-
Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
-
Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum
The Forkast 500 NFT Index dipped 1.25% to 4,235.97 in the 24 hours through 10:00 a.m. in Hong Kong on Thursday.