Bitcoin trader warns risk 'is peaking' in crypto cycle, calls for caution

The first half of 2020 has been wild for just about everyone in every asset class. In early March, when it became evident that COVID-19 was a seismic event, asset markets across the globe crashed. One important reason was that levered investors suddenly received margin calls and were forced to liquidate assets to satisfy them.When…

"Who needs Netflix when you are in crypto?", commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a "chess move" by some, insinuating that Binance's strategy intentionally led to the deal.Users on…

Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon.The internet personality, who became a popular day trader…

Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly. 552 Total views 32 Total shares Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report. Total assets held by institutional managers reached $72.3…

The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company. 120 Total views 1 Total shares The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State…

Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average. 2557 Total views 15 Total shares Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row.The fee flippening was observed by crypto industry blogger Evan Van Ness citing figures from CryptoFees, a website that compares…

DTrade is planning to build the first derivatives exchange on Polkadot following a highly successful private investment round. 6824 Total views 18 Total shares Decentralized exchange dTrade is bringing derivatives trading to the Polkadot ecosystem after concluding a $6.4-million seed investment round, setting the stage for wider decentralized finance use cases on the developer network. The…

With CarynAI, Caryn Marjorie has launched something seemingly straight out of a science fiction movie. 170 Total views 5 Total shares A 23-year-old Snapchat influencer has seemingly taken a leaf out of the SimpDAO book by launching an Artificial Intelligence (AI)-based girlfriend version of herself via OpenAI’s chatbot ChatGPT. The influencer in question, Caryn Marjorie,…

The Constantinople and St. Petersburg network upgrades for the world’s second largest cryptocurrency, Ethereum’s (ETH), occurred today Feb. 28, according to ethstats.net.Specifically, the updates went live on the main network at block 7,280,000, in accordance with previously released schedule. Although the upgrade has two names of two originally separated updates, they have subsequently been combined…