Tribulations and triumphs: The biggest surprises in crypto of 2022
2022 saw the fall of many linchpin crypto and blockchain firms as the May market drawdown shook the industry. It caused many cryptocurrencies to lose value and many investors to pull their money from the market. Furthermore, the unprecedented knock-on effects of the meltdown exposed many blockchain and cryptocurrency firms that were ill-prepared for turbulent […]
Models and fundamentals: Where will Bitcoin price go in 2023?
Bitcoin (BTC) had a bumpy ride throughout 2022, along with the rest of the digital asset market. The cryptocurrency began the year exchanging hands around $46,700 and is currently trading over 64% down at $16,560 at the time of writing. Consequently, the coin’s market capitalization took a tumble from around $900 billion on Jan. 1, […]
Defying expectations: After an uncertain year, DeFi has high hopes for 2023
Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking. Several Web3 use cases, including DeFi, GameFi, SocialFi and nonfungible tokens (NFTs), emerged through the last bullish cycle. DeFi has been the largest market cap […]
Bitcoin Jack’s BTC trading is based on a list of risks and components
Well-known Twitter personality Bitcoin Jack, who tweets as @BTC_JackSparrow, joined Cointelegraph’s Crypto Trading Secrets podcast for an interview, which was recorded on Dec. 19. Jack covers many topics in the episode, including how he looks at the crypto space and prioritizes timing over price levels — “when” over “where.” Jack analyzes the crypto market based […]
Time in the market: Ways to approach crypto investing in 2023
2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. Bitcoin (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023? Firstly, this space has critical risks worth considering before investing. Macroeconomic […]
U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is
A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in accordance with the Infrastructure Investment and Jobs Act passed in November, 2021. The new law requires that […]
Uniswap to allow users to buy cryptocurrency using debit and credit cards
Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and Single European Payments Arena, also known as SEPA. In […]