Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’

novogratz-says-luna-tattoo-is-a-constant-reminder-investing-‘requires-humility’

“Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow. Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world … Read more

New survey sheds light on people’s concerns about investing in crypto

new-survey-sheds-light-on-people’s-concerns-about-investing-in-crypto

Eighteen percent of respondents in a new survey said that learning more about the benefits of investing in cryptocurrency was the most effective approach to transition from skeptic to believer. While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted … Read more

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

aave-price-risks-a-25%-plunge-as-a-classic-bearish-reversal-pattern-emerges

A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off. Technical analysis suggests that a recent uptrend in the price of Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern. Is AAVE headed to $70? Dubbed … Read more

Life-changing money: The 10 most expensive NFTs sold to date

life-changing-money:-the-10-most-expensive-nfts-sold-to-date

When nonfungible tokens are raking in incredible prices, have a look at the 10 most expensive NFTs sold to date. Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million … Read more

Bitcoin investment giant Grayscale debuts ETF in Europe

bitcoin-investment-giant-grayscale-debuts-etf-in-europe

Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra. Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe. Grayscale officially announced its first European ETF, called Grayscale Future of Finance UCITS ETF, on May 16. The new investment … Read more

What happened? Terra debacle exposes flaws plaguing the crypto industry

what-happened?-terra-debacle-exposes-flaws-plaguing-the-crypto-industry

The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, … Read more

Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

germany-outlines-favorable-tax-guidelines,-gains-on-btc-and-eth-sold-after-a-year-tax-free

Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition. The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction … Read more

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

no-rescue-for-terra:-swiss-asset-manager-denies-$3b-luna/ust-bail-out-talks

GAM Investments has called fake news on a fabricated announcement claiming it would invest $3 billion to help Luna/UST recovery efforts. GAM Investments has quashed fake news reports that surfaced on Friday that claimed the Swiss asset manager would invest some $3 billion to aid in the recovery of the Terra ecosystem, including LUNA and … Read more

Bitcoin gains superior to stocks in the long term, economist says

bitcoin-gains-superior-to-stocks-in-the-long-term,-economist-says

Crypto is more volatile than stocks and thus is associated with higher risks, but it also offers better return opportunities, industry executives agree. The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market … Read more