CryptoQuant Reports Record Low Bitcoin Leverage Ratio as Volatility Decreases
According to analyst firm CruptoQuant, the leverage ratio for bitcoin has reached a historic low of 0.195, previously shown in December 2021. The leverage ratio is an indicator used by experts to estimate the volatility of digital asset prices over the long term. Lever ...
Spanish Government Increases Efforts to Collect Taxes on Digital Assets
The Spanish Government's Tax Administration Agency (AEAT) is taking serious action to collect taxes from local holders of digital assets. As part of this effort, the agency plans to send notifications to 328,000 traders across the country. This marks a 40% increase in the number of notificatio ...
Ethereum Co-Founder Refutes Claims of ETH Being a Security
According to Joseph Lubin, co-founder of Ethereum, ETH should not be considered a security but rather a highly liquid product. In contrast to some officials' opinions, Lubin believes that air is not a security and that everyone is entitled to their own opinion, but that does not necessarily make ...
Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement
According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...
Cryptocurrency Market Awaits New Shocks as BTC Rate Collapses
The cryptocurrency market appears to be bracing for further upheavals as the value of BTC experiences a significant 5% drop to $22,250. This follows reports of possible bankruptcy for Silvergate bank, a crucial financial institution that serves some of the largest crypto firms. In response, Si ...