The social trading platform announced in January will focus on cryptocurrencies and include a crypto wallet and crypto exchange with more than 50 assets. Author: Sheldon Reback Source link
eToro said total operating expenses included a non-cash charge of $63 million in stock-based compensation for eToro employees related to the merger with FTCV, which “largely” contributed to a net loss of $84 million in Q4. eToro posted an adjusted EBITDA loss of $24 million in Q4. Author: Michael Bellusci Source link
With news of early adopters retiring millionaires, and newbies making a 300% profit or more on their cryptocurrency holdings, investing in digital assets is seen by many as a lucrative opportunity. That said, cryptocurrency continues to exist as one of the most volatile asset classes, marked with significant price swings branching from the highest highs to the lowest lows. For this reason, it is common for new investors to make attempts to time the market, especially if they have had a few successful trades under their belt. Unfortunately, this is…
Yellow Network offers to interconnect multiple scattered exchanges in one automated non-custodial trading hub, providing a user with the aggregated liquidity and price feed, as well as seamless high-speed cross-chain transactions at minimal fees. Yellow Network is wired to give traders the same level of comfort with crypto, and as a result bring it into the mainstream and mass adoption. Let’s take a look at how it will bring the crypto market to the next level in the next step. Yellow Network Building Web3 Internet of Finance Web3 has come…
U.S. cryptocurrency exchange Coinbase Global Inc said that it saw a surge in quarterly trading volumes with a jump of over 67% to $547 billion in the quarter ended December 31. Coinbase said that quarterly trading volumes surged on a sequential basis as volatility in prices drew in retail traders, but also warned of a slow down in growth in the current quarter. Coinbase’s retail trading accounted for 32% of volumes and crypto-assets contributed 68% to total trade. According to the company’s statement, “the sequential increase in retail Trading Volume…
Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the integration of NFTs in the metaverse. Adding to this, global political uncertainties are also having a noticeable impact on market…
Russia to Restrict Crypto Trading to Licensed Platforms, Certified Wallets Author: Anna Baydakova Source link
Financial censorship in Canada is creating new crypto converts. But BTC’s price isn’t following – yet. Author: David Z Morris Source link
However, some incumbents are building rather than buying: “At Jackson Hewitt, we train our tax pros on tax preparation using our internally sourced training materials (which includes what cryptocurrency is and how to handle it on a tax return) and create our own tax software that can handle cryptocurrency, whether it is payment for a business, payment to a client or investing,” Steber said. The company does not have “an account management or crypto support for portfolio issues,” he said. Author: Anna Baydakova Source link
Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand. JPX issued the alert after receiving reports about an ongoing attempt to dupe unwary investors into trading Bitcoin (BTC) and cryptocurrencies on platforms misrepresented as JPX or one of its subsidiaries. Alert on trading in crypto assets using similar names to JPXhttps://t.co/CVrvpA0dNE — Japan Exchange Group EN (@JPX_official_EN) February 8, 2022 The company highlighted that the fraudulent companies in question…