Crypto hedge funds ended 2022 down almost 50%
© Reuters. Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration By Nell Mackenzie LONDON (Reuters) – Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50%, the research firm said on Tuesday, a sign that the […]
BTC/USD Bullish Breakout Drives Crypto Recovery
Bitcoin (BTC) Price Analysis: Bitcoin prices hold steady after 26% rally drives prices towards levels last tested before the collapse of FTX. BTC/USD gains after bulls break $20,000. Cryptocurrency market capitalization eagerly approaches $1 Trillion mark. Recommended by Tammy Da Costa Get Your Free Bitcoin Forecast Bitcoin (BTC/USD) Forecast: Bitcoin prices (BTC) have made an […]
PwC’s Lawrence Deju-Wiseman on Regulation, FTX & Crypto
The recent Finance Magnates London Summit was a special affair. Celebrating a 10th anniversary, the event was memorable for many reasons. One of which, for me, was interviewing Lawrence Deju-Wiseman. Lawrence is a Director for PricewaterhouseCoopers (PwC), the global billion-dollar corporation servicing the world’s largest organisations, and someone who leads on their market abuse surveillance […]
NFTs Show Signs of Life
If crypto trading is still a niche activity, then NFTs are a niche within a niche, and the past year has seen active market participants gradually becoming narrowed down to true believers. Overall, NFT trading volumes dropped, trades by new wallets went down, meaning fewer new participants, and NFT interest on Google Trends showed a […]
Bulgaria Launches Probe of Crypto Lender Nexo, Raids Offices
Local investigators in partnership with foreign agents raided the Bulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies working on the case. Additionally, prosecutors have launched an international operation to investigate the company […]
EOS Price Prediction Forecast for 2023, 2024-2025, 2030 | Is EOS Crypto a Good Investment?
2023-01-09 2023-01-09 EOS Price Prediction for 2023, 2024-2025 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dapps.’ It is a powerful player in the crypto world. Ethereum is considered the main competitor to EOS. While Ethereum is far more popular, […]
BaFin Alerts on Trojan Virus Affecting Crypto Apps
Germany’s Federal Financial Supervisory Authority (BaFin) has urged consumers to beware of ‘Godfather’, a trojan virus that attacks Android-based banking and cryptocurrency apps. The regulatory authority announced on Monday that the trojan virus currently “records user input from banking and crypto apps.” BaFin in a statement noted that the malware has attacked about 400 banking […]
More Transparency Is Needed in the Crypto Industry
The high-profile collapse of FTX was more proof, if we needed any, that the crypto bull run is over. The extraordinary events of 2019 through to 2021, which included the COVID-boom of retail investors in crypto, created a crypto gold rush in which proper risk management and operational transparency were overlooked, in favour of riding […]
European Central Bank Exec Wants Unbacked Crypto Treated as Gambling
Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB) has argued in favor of regulation that recognizes “the speculative nature of unbacked cryptos and treat them as gambling activities.” Panetta believes that “vulnerable” users of unbacked digital assets can be protected through the application of rules similar to the European […]