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Cryptocurrency
Slovakian parliament passes bill lowering crypto taxes
June 29, 2023 11:16 PM AEST| By InvezzThe Slovakian parliament has approved a bill seeking to lower to lower taxes on cryptocurrency income, according to local reports. An amendment to the law passed 112-2 in favour at the third reading. With this approval, a 7% tax rate will apply on ga...
Chancer’s presale on the $400k mark as spot BTC euphoria stirs crypto markets
June 29, 2023 08:21 PM AEST| By InvezzBarely two weeks since launching a presale to usher in blockchain-based predictive markets application, Chancer has raised $399,277 from investors. The token, which goes for $0.01 BUSD, has attracted demand owing to the novel business model centred o...
Japan’s financial giant SBI Group lists Shiba Inu on its crypto asset platform
June 29, 2023 07:53 PM AEST| By InvezzIn an official announcement made on June 28, Japan’s major financial services conglomerate, SBI Group, announced that they will “start handling Shiba Inu (SHIB), Dai (DAI), and Cosmos (ATOM)” on its cryptocurrency platform SBI VC Tr...
Binance loses key European banking partner amidst regulatory woes
June 29, 2023 07:50 PM AEST| By InvezzThe top trading platform Binance continues to encounter global regulatory challenges. The Securities & Exchange Commission sued the exchange for violating investment laws early in June. You can read more about the firm’s recent developments...
FTT soars as new FTX CEO says exchange restart possible
June 29, 2023 06:58 PM AEST| By InvezzThe FTX token has jumped to a new multi-month high after John Ray, the new chief executive of FTX, said he’s open to the idea of a fresh reboot for the failed crypto exchange. FTT, which has reacted higher multiple times this year on news of an...
MicroStrategy buys Bitcoin worth $347M to strengthen its crypto holding
June 28, 2023 11:15 PM AEST| By InvezzOn Wednesday, 28 June, MicroStrategy founder Michael Saylor revealed that the renowned firm purchased 12,333 Bitcoin between 29 April and 27 June, spending $347 million. The latest buy saw the company strengthening its crypto holding. MicroStrategy a...
Nevada’s FID places embattled crypto company Prime Trust in receivership
June 28, 2023 08:17 PM AEST| By InvezzNevada’s Financial Institutions Division took over the troubled cryptocurrency company Prime Trust. That came as the latter stared at a substantial deficit, alleging that it lost access to various cryptocurrency wallets in 2021. Prime TrustR...
Stablecoin update: Crypto liquidity continues to drain, Tether dominates
June 28, 2023 07:07 PM AEST| By InvezzOne of the most prominent trends in the digital asset space over the last year has been an evaporation of liquidity. On the one hand, price charts may suggest that the picture for crypto is far rosier today than it was in November, when Bitcoin hit $...
Interview: DeFi & staking – Spool DAO
June 28, 2023 06:29 PM AEST| By InvezzThe area of DeFi has taken a beating since the heyday of 2020 and 2021. Total value locked (TVL) has plummeted 75%, a startling collapse within a sector that had so many excited during the relentless crypto bull run. Many tokens are down over 90% in...
Gnosis (GNO) price outlook as Chancer redefines prediction markets
June 28, 2023 04:44 PM AEST| By InvezzChancer, which bills itself as the “world’s first decentralised predictive market making platform,” recently launched its token presale. Within days, the platform has sold over 37 million of its presale distribution amid growing int...
Crypto rally could gain steam, a positive thing for AltSignals (ASI)
June 28, 2023 04:22 PM AEST| By InvezzCryptocurrencies are outperforming stocks and gold this year. Bitcoin has roared back and jumped by more than 86% this year and is outperforming the Nasdaq 100 and Dow Jones. The Nasdaq 100 index has risen by over 30% while gold has moved sideways. A...
Fidelity set to file for spot Bitcoin ETF
June 28, 2023 04:02 AM AEST| By InvezzFidelity, an investment giant with $4.2 trillion in assets under management, is reportedly set to file for a spot Bitcoin exchange-traded fund (ETF). The imminent application by the Wall Street colossus comes after industry giant BlackRock sparked a...
Chancer pre-sale on fire after a bullish note on its sports betting peer
June 28, 2023 03:29 AM AEST| By InvezzDraftKings Inc (NASDAQ: DKNG) has already more than doubled this year but a UBS analyst is convinced that it’s not out of room to run just yet. States are embracing sports betting On Tuesday, Robyn Farley reiterated her “buy” rating...
Interview: Ethereum staking – RockX
June 28, 2023 12:30 AM AEST| By InvezzSince the Shapella upgrade for Ethereum went live in April, the amount of staked ETH has jumped 41%. Out of the 120.2 million ETH in circulation, 21% is now locked up in staking contracts. One thing which draws much press, however, is the domin...
Tezos (XTZ) price drops after ‘Nairobi’ upgrade: here’s why
June 27, 2023 08:29 PM AEST| By InvezzTezos (XTZ) price had dropped after the ‘Nairobi’ Upgrade, which traders thought would add to the bullish momentum that the token enjoyed for the last seven days. Tezos has declined by about 2% today eating into its 11% gain over the past...
Fireblocks adds support for AWS, Google Cloud and Alibaba Cloud
June 27, 2023 07:18 PM AEST| By InvezzFireblocks, an enterprise-focused crypto custody provider, has expanded its services to leading cloud platforms, including Amazon Web Services (AWS), Google Cloud Platform (GCP) and Alibaba Cloud. The digital assets firm also added support for Thales...
Dormant whales accumulate massive Arbitrum (ARB) tokens, raising concerns
June 27, 2023 05:45 PM AEST| By InvezzArbitrum has attracted market attention today after two dormant whales re-emerged and scooped massive ARB tokens. Meanwhile, the well-time investments by waking investors and subsequent price upticks have raised insider knowledge concerns. Considerin...
Filecoin’s FVM traction accelerates as DeFi TVL soars to record
June 27, 2023 01:16 AM AEST| By InvezzFilecoin Virtual Machine (FVM) is gaining traction among developers a few months after it was unveiled. In a statement, the developers noted that the ecosystem had seen its DeFi ecosystem and the number of smart contracts jump. The total value...
PENDLE soars as yield trading protocol expands LSD pools
June 26, 2023 11:52 PM AEST| By InvezzPENDLE, the native token of the decentralised finance protocol Pendle Finance, is up more than 12% in the past 24 hours. The token traded to highs of $0.75 early Monday morning, with fresh investor exuberance in DeFi adding to overall market sentimen...
DeFi protocol Soil’s business model receives nod from local financial regulator
June 26, 2023 10:08 PM AEST| By InvezzSoil, a blockchain-based lender and debt marketplace that seeks to bridge the gap between traditional finance and crypto, has received a major regulation boost after its business model was declared to be compliant with local Estonia finance markets r...
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