Cryptocurrency exchange Gate.io has launched an industry-wide liquidity support fund with an initial commitment to spend $100 million. With the help of the fund, the exchange intends to mitigate the negative effects of the prolonged crypto winter and the recent turmoil in the cryptocurrency market. The company is confident that the market is threatened with liquidity problems, as investors move their funds from exchanges to self-service. First of all, the trading platform plans to support

Decentralized exchange (DEX) new chef SushiSwap has revealed that the project is running out of reserve capital to support operations and development. SushiSwap CEO Jared Gray revealed that the community is now discussing a proposal to transfer 100% of xSushi holders’ rewards to the company’s balance sheet: “Following a cost analysis, it is clear that a significant treasury deficit threatens Sushi’s operational viability and requires immediate correction.” Gray claims that $5 million is needed to

Analysts of the transnational financial corporation Standard Chartered have named the events of the next year that will affect the quotes of the first cryptocurrency. Bitcoin could crash in 2023 – the price of BTC, experts say, can fall to $5,000. According to the head of global research at the company, Eric Robertsen, the profitability of many technology companies has dropped markedly along with their shares, and despite the slowdown in the sell-off bitcoin, the

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified

Brett Harrison, the former president of the bankrupt US division of the FTX cryptocurrency exchange, announced the start of a funding round to create a new crypto startup. Former FTX.US President and CEO Brett Harrison plans to launch a startup that will create cryptocurrency trading software for large investors. Harrison said that he has already entered into an agreement with one of the venture capital companies to provide financing in the amount of $6 million.

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

The U.S. Department of Justice has filed a petition with the U.S. Bankruptcy Court in Delaware, requesting the appointment of an independent expert to investigate the causes of the collapse of the FTX cryptocurrency exchange. In mid-November, FTX management filed for bankruptcy due to lack of liquidity. Since then, the exchange has sought to be held accountable by both investors trying to recover their assets and regulators, including the Bahamas Securities Commission ( SCB ).

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified

The Italian government, as part of the national budget in 2023, plans to levy a 26% tax on capital gains from cryptocurrencies. The tax will apply if the profit exceeds €2,000 ($2,062). The tightening of tax policy in relation to crypto assets is due to the fact that local tax authorities consider digital assets to be foreign currencies. If adopted, these amendments would also include stamp duty on cryptocurrencies and disclosure obligations. Recently, Italian taxpayers

Coinbase has announced that Coinbase Wallet is ending support for Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), and Ethereum Classic (ETC) due to loss of user interest. According to a statement from Coinbase, January 23 will be the deadline for transferring XRP, BCH, XLM, and ETC to another cryptocurrency wallet. In addition, the owners of these cryptocurrencies will have to import the recovery phrases into the new wallet in order to use their assets. Coinbase