Category Archives: Cryptocurrency News

Janet Yellen proposed to introduce a tax on unrealized capital gains

The introduction of a tax on unrealized capital gains will force investors to pay for the growth of the rate of cryptocurrencies, even those that are passively lying in the wallet. If the proposal of the US Treasury Secretary is accepted, cryptocurrency holders will have to sell their assets or pay for their rise in price from their fiat income. This will have fatal consequences for the middle and lower classes who own cryptocurrencies. Janet…

Tribe Capital will launch a $ 75 million cryptocurrency fund to support startups

Initially, the investment fund sought to raise $ 50 million, but due to increased investor interest, this amount was increased to $ 75 million. The fund intends to direct 75% of investments to projects of North American companies and 25% to international startups. Tribe Capital, a venture capital firm with over $ 1.3 billion, has previously shown deep interest in the crypto industry. She invests about 20% of assets in cryptocurrency projects. In particular, the…

South Korean Pension Fund Prepares to Invest in Crypto ETF

The Pension Fund for Scientists and Educators of South Korea decided to invest part of the capital in ETFs on Bitcoin futures. This is the first time a Korean pension fund invests in the cryptocurrency industry. The Korean Faculty and Staff Mutual Aid Foundation plans to start investing in the first half of 2022: in a local cryptocurrency ETF, if launched, or in a similar instrument on an overseas platform. The investment will be determined…

FTX Exchange raised $ 420 million in the next round of financing

The owner of the company, Sam Bankman-Fried, believes that the bulk of investors have invested in the trading platform amid the growth of the cryptocurrency market. FTX has closed a new round of B-1 funding. 69 investors took part in the financing. Among them are BlackRock and Tiger Global, Ribbit Capital, and billionaires Alan Howard and Israel Englander, who participated in the previous round of funding. The exchange attracted investments in the amount of $…

CFTC investigates the activity of the cryptocurrency prediction market Polymarket

CFTC investigates the activity of the cryptocurrency prediction market Polymarket The activities of the Polymarket sweepstakes, which are preparing for the upcoming round of financing, have repeatedly attracted the attention of the Commodity Futures Trading Commission (CFTC). The regulator is investigating the New York cryptocurrency prediction platform for illegal offers to users of swaps and binary options. In addition, the Commission is considering whether the platform should obtain a regulatory license. The CFTC has studied…

On Binance.US, the bitcoin rate collapsed to $ 8,200 due to an error in the trading algorithm

Yesterday, on the site of the American division of the Binance exchange, the BTC rate collapsed to $ 8,200. Binance.US reported that the reason was an error in the algorithm for institutional clients. On Thursday, October 21, at about 14:30 Moscow time on the Binance.US trading platform, the bitcoin rate paired with the US dollar in a few seconds fell from $ 65,760 to $ 8,200. The decline was also recorded on other sites, but…

Research: open interest in bitcoin futures returns to record levels

According to data from analytical website Bybt, the aggregate open interest in Bitcoin futures contracts on major exchanges is $ 27.2 billion. This is slightly less than the figure fixed in mid-April – $ 27.38 billion. The growth of open interest in futures for bitcoin occurs against the background of the rise in the bitcoin rate to $ 66-67 thousand. An increase in open interest signals an increase in liquidity in the market, which is…

Sophos Announces New CryptoRom Scam

Cybersecurity firm Sophos has alerted iOS users to the rise of victims of a new type of cryptocurrency scam, CryptoRom. Sophos experts report that a new type of scam is when attackers use a dating site to convince a user to install a fake cryptocurrency trading application, and then offer to invest money in various financial projects. In order for the victim to trust the scammers and invest large amounts, she is paid a small…

A schoolboy stole $ 340,000 worth of ETH from the Creature Toadz project and returned it

The reputation of the Creature Toadz team suffered even before the launch of the platform due to a young cybercriminal who hacked the project’s Discord account. Before launch, the Creature Toadz project, which specializes in producing NFTs, was subjected to a cyber attack. The hacker hacked the team’s Discord account and tricked the project participants into sending over 88 ETH (about $ 340,000) to their wallet. The attacker introduced himself as a moderator and posted…

What are atomic swaps and how are they applied?

Atomic swaps are a mechanism for enabling true P2P trading of cryptoassets directly through the blockchain. How do atomic swaps work and what is the future of this technology? Atomic swaps are automatic contracts for exchanging cryptoassets between blockchains. The mechanism of smart contracts completely eliminates the need for centralized third-party organizations (exchanges or exchangers) when making transactions and frees the counterparty from risk. This is one of the few truly decentralized methods of conducting…