Investing Financial News

Addicted to watching your crypto portfolio balance? Can't stop staring at those crypto prices? There are now rehab centers for that.

Those who went by the 2021 craze for cryptocurrencies and international investing suffered because they went by past returns.

Major crypto exchange Binance kept collateral for some of the cryptoassets it issues in the same wallet as the customer funds by mistake, Bloomberg reported, citing a Binance spokesperson.

The famous Berliner Fernsehturm tower in Germany's capital was on Saturday decorated with the Bitcoin (BTC) logo - and it wasn't the only iconic monument to be dressed in ₿.

The FTX contagion keeps spreading. Among the most recently affected companies is Liquid exchange, which has now suspended withdrawals from its platform.

Major exchange Coinbase experienced network connection issues Tuesday night (UTC) time, which it says were caused by a higher level of sign-ups and transfers. Kraken, meanwhile, said it saw brief and intermittent connectivity issues.

NFTs, the NFT sales are plummeting due to the current market scenario. NFT traders are either shying away from investing or unaware of analyzing the NFT price values before dipping their toes in. An NFT trade born out of this inexperience, results in a loss.Why should you know about NFT price value before investing?NFTs are popular online commodities. Once they are bought and traded over time, there is the possibility for recurring income. NFT valuations are critical and skyrocket due to fanaticism, royalty economics, and scarcity rules.So, what can an NFT price value tell you?Estimating the price value of the NFTs will help us to uncover the following.

 

 

 

crypto industry too unfortunately has had long-standing gender inequities. The number of women in crypto, whether that be for investing or as founders, has always lagged behind men. One of the main pillars of crypto has always been a decentralized and democratized financial system. But the male-dominated crypto industry has never really been seen as a space for women and has always been contrary to its founding principles. Thankfully, this is changing. Recent data from exchanges and other crypto companies in India provides a glimmer of hope. It is reported around 20 per cent of crypto investors in India are women, but the numbers still show a significant gender gap. However, the interesting fact in all of these reports is that in terms of new investors, women seem to be giving men a run for their money and most platforms have seen a phenomenal increase in the number of women registering and investing on these platforms.

 

 

 

 

Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns.

In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain data and analytics platform Nansen.

It’s not the greatest time to be a venture capitalist (VC) in crypto. Many of them have seen both the value of their investments and reputation plummet, as projects they were actively promoting, such as Terra, failed spectacularly, hitting the whole crypto industry. 

The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.

A South Korean local government official in charge of managing public funds for grassroots sports has admitted to embezzling over USD 367,000 worth of tax payers’ money – which she says she and her husband spent on crypto investments and internet gambling.

The electric car maker Tesla sold off 75% of its bitcoin (BTC) holding for “a realized gain” in the second quarter, prompting speculations on how this investment went for the company. The sale is believed to have been made at a price of around USD 29,000, higher than the lows seen during the quarter.