Why Uwerx (WERX) Can Never Be an Exit Scam.

Cryptos, where they offer the chance for larger-than-life legitimate profits, also attract scammers and fraudsters. Early investors take risks by jumping into different crypto launches in hopes of massive gains but also run the risk of finding their money siphoned away with sophisticated backdoors designed into the smart contracts and platforms. origin »

Could a new surge in TUSD supply trigger another Bitcoin rally?.

The circulating supply of TrueUSD (TUSD), a highly liquid stablecoin, has seen a significant increase of almost $250 million between July 29 and July 30. While this might appear as a minor uptick for a stablecoin with a circulating supply exceeding $3 billion, historical data suggests that notable price rallies have often followed such spikes […] The post Could a new surge in TUSD supply trigger another Bitcoin rally? appeared first on CryptoSlate. origin »

FTT holders left hanging in proposed FTX restart plan.

Bankrupt FTX has submitted a proposal to restart its international exchange if it can get the offshore customers to agree, according to a July 31 court filing. FTX restart plan According to the filing, FTX classified its creditors into different categories, including one that called its international users the “dotcom customers. origin »

Crypto’s correlation with stocks rising again following temporary deviation.

Key Takeaways Crypto had moved in line with stocks and other risk assets throughout the interest rate tightening cycle This relationship weakened in June amid the crypto regulatory crackdown The correlation has recently picked up again, however Going forward, relationship may change again as the market anticipates the tightening cycle is coming to a close […] The post Crypto’s correlation with stocks rising again following temporary deviation appeared first on CoinJournal. origin »

IRS clarifies rules on crypto staking rewards.

The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards. The new directives stipulate that taxpayers who engage in staking of cryptocurrency native to a proof-of-stake blockchain and subsequently receive additional cryptocurrency units as validation rewards are required to include the value of these rewards in their […] The post IRS clarifies rules on crypto staking rewards appeared first on CryptoSlate. origin »

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