“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance…
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Retail and institutional investors love derivatives instruments. Here‘s how they could impact crypto markets in 2022. We‘ve all heard stories of billion-dollar future contracts liquidations being the cause of 25% intraday price crashes in Bitcoin (BTC) and Ether (ETH) but the truth is, the industry has been plagued by 100x leverage instruments since BitMEX launched…
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UNI, AAVE, CRV, AXS and DOGE are a few of the top cryptocurrency projects in 2021 that helped transform the face of the cryptocurrency ecosystem and paved the way to mass adoption. 2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin (BTC) price established…
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The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio from a lender with over $10 billion. Arcade Raises $15 Million in Series A…
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A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn. The new mortgage product remains in pilot mode for selected clients in Canada for now,…
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Metaverse tokens are starting to cool off while DeFi platforms register steady inflows that pushed the sector’s TVL to a new all-time high. Sentiment in the cryptocurrency market is back on the rise on Nov. 29 as the recent dip down into the “extreme fear” zone on the Crypto Fear and Greed Index improved slightly…
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MicroStrategy’s purchase of 7,002 BTC might have helped boost Bitcoin price today, but derivatives data also shows that pro traders are becoming more bullish. The $4,700 Bitcoin (BTC) price spike on Nov. 29 was likely a great relief for holders, but it seems premature to call the bottom according to derivative metrics. This should not…
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Today’s fast-evolving crypto markets offer a range of yield-generation opportunities for investors who want to generate investment returns on top of capital appreciation. Read on to discover five ways to earn yield on your crypto investments. When it comes to earning yield on your digital assets, staking coins is typically among the first options for…
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In an exclusive interview with Cointelegraph, Rogers discussed the technology, tokenomics and outlook of the Minterest borrowing and lending protocol. Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of…
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$550 million in ETH options expire on Nov. 19 and derivatives data suggest bears will apply more downward pressure to Ethereum price. Ether’s (ETH) 330% year-to-date gain has been largely fueled by the growth of decentralized finance and the explosion of non-fungible tokens. Proof of this comes from OpenSea, the largest NFT marketplace, surpassing the…
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