November 2022 / 70 posts found
Kraken Daily Market Report for November 15 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $776.3 million, 30 day average spot: $710.3 million. Total futures notional: $124.2 million. The top five traded coins were, respectively, Tether (↑0.01%), Bitcoin (↑1.8%), USD Coin (↓0.01%), Ethereum (↑0.8%), and Dai (↓0.01%). Strong returns from Serum (↑27%), Centrifuge (↑22%), and Samoyed Coin (↑21%). November 15, 2022 $776.3M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9987 ↑0.01% $351.1M BTC $16877. ↑1.8% $119.7M USDC $0.9999 ↓0.01% $110.2M ETH $1251.5 ↑0.8% $97.4M DAI $0.9997 ↓0.01% $29.4M…
US SEC Delayed Decision on ARK 21Shares Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin ETF on the Cboe BZX Exchange in 2021 when it teamed up with the Switzerland-based fintech company – 21Shares. The securities watchdog of the States, though, dismissed the application earlier this year. However, the partners filed with the SEC again shortly after the rejection. The […]
You’ve Probably Heard of Dogecoin and Bitcoin, But There Is A Better 1000x Potential With Snowfall Protocol!
Cryptocurrency Dogecoin (DOGE) and Bitcoin (BTC) are two of the most popular cryptocurrencies in the world. Dogecoin (DOGE) was created as a “joke currency” but has since become one of the most valuable digital currencies. Bitcoin (BTC) is the first cryptocurrency and is still the most valuable. But there is a new cryptocurrency that has the potential to be even more successful than Dogecoin (DOGE) or Bitcoin (BTC)… Snowfall Protocol (SNW)! Why Snowfall Protocol (SNW) Has 1000x Potential Snowfall Protocol (SNW) is a multi-chain compatibility protocol that facilitates secure asset transfer and cross-chain transactions between blockchains. Snowfall Protocol’s (SNW) bridge […]
XRP Price To Initiate Fresh Rally With Ripple Getting Closer to Win Against the SEC
While most other cryptocurrencies are just following the trend, Ripple’s XRP has outpaced the largest cryptocurrency by market cap, Bitcoin. All of the major cryptocurrencies continued to trade in the red at the moment due to the market situation. Unlike what was anticipated, Ripple’s native XRP surpassed the majority of other significant cryptocurrencies. After the FTX frenzy, XRP and other significant tokens experienced a massacre that rippled across the whole crypto community. XRP has increased by more than 9% over the past day and is currently trading at $0.386. The surge increased the market cap of XRP to $19.341 billion. […]
Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse
Cryptocurrency Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto. The world’s largest cryptocurrency exchange, Binance experienced record levels of bitcoin, ethereum and stablecoin withdrawals alongside the implosion of rival exchange FTX. Binance saw a net 81,712 bitcoin ($1.35 billion), or more than 15% of the roughly 500,000 bitcoin on its exchange, pulled from the platform over the past six days, according to data from CryptoQuant. In addition, a net 125,026 ether ($155 million) and $1.14 billion in stablecoins were withdrawn from Binance over the same period. Appearing on a Twitter space […]
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential
Steven Lubka is managing director of Swan Private Client Services, a concierge service for high-net worth investors at Swan Bitcoin. In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below your purchase price to lock in a capital loss on your taxes. Due to bitcoin’s regulatory classifications, there is a unique way to take advantage of tax loss harvesting that isn’t possible with equities! One quick note, the following discussion of TLH strategy is […]
