Why New Cryptocurrency Exchanges are Untrustworthy
A new post on Reddit gives proof that brand-new crypto exchange platforms shouldn’t be trusted by investors. Read CNL for more.
Market News
Portugal is Planning on Ending Taxless Crypto
According to a recent Reddit post, Portugal, a large nation with a deep interest in technology and crypto, is planning to impose a 28% tax on crypto profits.
Report: Most Cyptocurrency Investors are Clueless
According to a survey most investors in the cryptocurrency market have no idea on how to invest in cryptocurrency. Read CNL for more info.
Poll: China Might be Next On Nigeria`s Footsteps
China came out on top, with 48% of voters placing their faith in the country’s likelihood to legalize Bitcoin and cryptocurrencies. Read CNL for more.
Terra, Celsius, 3AC Impacted Markets Worse Than FTX
According to findings from Chainalysis, the decline of Terra, Celsius, and 3AC had a greater negative impact on the markets than did the collapse of FTX.
Binance Cold Wallets Show $62 Billion Amid User Withdrawals
Binance has recently witnessed huge withdrawals from users who may have been worried about the exchange’s solvency. However, a look into cold wallets managed by the exchange shows that it has more than enough funds to process withdrawals. Based on the list of cold wallets provided by The Block’s Vice President of Research Larry Cermak, Binance is holding at least $62 billion worth of crypto. The figure may have reduced since the time the addresses were checked, but the point is that Binance has enough funds to enable customer withdrawals. According to Nansen, Binance has processed a spike of withdrawals
Long-Term Holders Selling Crypto: End of Bear Market?
People who have held coins for a long time are increasingly listing them for sale. This kind of activity hasn’t happened since 2021 according to Cryptoquant.
Binance Australia Surges in New Users After FTX Collapse
Binance Australias has hit 1 million users, with the CEO attributing the surge of registration to the collapse of FTX
Ex-Binance Strategy Chief Says Buy Crypto Now
Former Binance Chief of Strategy Gin Chao said that now is a good time to invest in cryptocurrencies and companies. Read here.
Bearish Run Intensifies as The Market Nears its Bottom
A rapid decrease in cryptocurrency values during another wild time led many analysts to predict a speedy market bottom. To learn more, read CNL.
Crypto is Better Than Top Company Stocks Despite Crash
Despite the gloomy nature of the crypto market, analyses show that over the past six years, cryptocurrency has provided investors with a greater return.
Markets Red as Coins Shift From Old to New Holders
Long-term investors’ will to continue amassing coin holdings has weakened. Concerns have been raised that the FTX disaster might make the crypto winter last longer.
