New details of ‘Crypto king’ scheme after investors out millions – Reuters

New details of Crypto king scheme after investors out millions

A self-proclaimed “crypto king” from Ontario was living a lavish life — driving a lime-green Lamborghini and cruising on a multi-tiered yacht — before an investor claimed the 23-year-old scammed him out of millions. Legal documents obtained by CTV News Toronto detail the months leading up to when 150 investors filed for Aiden Pleterski’s bankruptcy, … Read more

Bitcoin’s growing correlation to gold indicates investors see it as a safe haven, Bank of America strategists say

Bitcoins growing correlation to gold indicates investors see it as

Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may see bitcoin as a relative safe haven as macroeconomic uncertainty continues.“ Bank of America market strategists say the growing correlation between bitcoin and gold indicates that investors may view bitcoin as a relative safe haven. Alkesh Shah and Andrew Moss, market strategists … Read more

What Investors Need to Know About the Latest Crypto Tax Reporting Rules – Reuters

What Investors Need to Know About the Latest Crypto

Jose Luis Pelaez | Getty Images The IRS shares more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there has been a yes or no question about “virtual currency” on tax returns, requiring filers to tick a box to disclose their taxable crypto activity. … Read more

Investors withdraw ETH holdings despite successful Ethereum merger

Investors withdraw ETH holdings despite successful Ethereum merger

The observed drop in the price of Ethereum today aligns with the predictions of some experts and investors after the announcement of the merger. Many were pessimistic despite the media hype triggered by the project’s development team. Some investors have decided to play it safe to avoid the scenario that seemed to be emerging. When … Read more

What are stablecoins and are they less risky? The Details Crypto Investors Should Know – Reuters

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Cryptocurrencies are extremely volatile. Of bitcoins at dogcoin, these digital tokens do not behave the same way as conventional financial instruments like stocks and bonds, but their volatility is one of the reasons they remain attractive to crypto investors. Yes you could lose all your money when a coin or token sinks – or you … Read more

Government bonds are eroding the appeal of crypto for investors looking for high yields. But some remain. – CBS

Philippines UnionBank launches crypto service through its mobile app

Hello, welcome to Distributed Ledger, our weekly crypto newsletter that hits your inbox every Thursday. I’m Frances Yue, a crypto reporter at CNET. I’m going to introduce you to the newest and greatest in the world of digital assets this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you … Read more

Singapore’s DBS Bank Opens Crypto Trading To ‘Accredited’ Investors

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DBS Group Holdings Ltd. opened its cryptocurrency trading services on its DDEx digital exchange to another 100,000 of its most affluent clientele. The bank will allow accredited customers with at least $246,000 in investable assets to buy, sell, and trade a few cryptocurrencies, including bitcoin. Crypto traders must invest at least $500. The trading facility … Read more

The three cryptocurrencies that will live up to the dreams of crypto investors are Ethereum, Elrond, and Moshnake. – Mag Mirror

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Facebook Twitter Messenger WhatsApp LinkedIn A wise man once said, “The great organization must learn to innovate, otherwise it will not survive. Some companies fall flat in the race due to the rejection of the option to change over time. The crypto market is a large market with prominent competition that requires the surviving factor … Read more

Ethereum and Bitcoin Boost Morale After Post-Merger Depression by Proactive Investors

Ethereum and Bitcoin Boost Morale After Post Merger Depression by Proactive

© Reuters Ethereum and Bitcoin boost morale after post-merger depression It was a fittingly bleak affair in the crypto markets over the UK long weekend, marred by poor performance as traders retreated from their positions now after The Merge. But after falling as low as US$1,280 – the lowest in two months – the past … Read more

Crypto Investors Are Trying To Cash In On The Death Of Queen Elizabeth

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Cryptocurrency creators are looking for viral moments to make a quick buck. They found it when Will Smith slapped Chris Rock at the Oscars, creating a Will Smith digital currency. And again, when the Netflix show “Squid Game” gained worldwide fame, hitting the Squid Game coin. Now it’s Queen Elizabeth’s turn. – Advertising – In … Read more