You may lose all your money if you are trading Crypto
A grim warning to crypto-traders was issued by Britain’s financial watchdog when Bitcoin surged again after a dip.
Red-hot cryptocurrency market investors had better be ready to lose all their money because of the risks involved said The Britain’s Financial Conduct Authority.
He also added that, Crypto firms highlight the returns that traders will gain and downplay the market risks and if things go awry, the traders that have bought an asset may not be given access to their consumer protections.
The agency added that the investors need to be fully aware of the fact that high-return investments incur high-risks as crypto-assets are highly volatile, suggesting the fact that digital currencies are unstable implying that they may or may not be converted to fiat money, therefore, they need to make their own dictions meticulously.
Monday mentioned Bitcoin as a famous instance of the coins in the digital world that undergo volatilities among other digital assets and altcoins. For example, according to data obtained from CoinDesk, Bitcoin was being traded at $31K at 3 p.m. the day before breaking its all-time-high-record at almost $42K.
DeFi’s locked ETH is about twice as much as that of the exchanges according to Glassnode
Since the start of 2020, DeFi protocols have had a rise of 75% in their amount of locked ETH while over the same period, centralized exchanges share of ETH has ...
MAY 07, 2021
The proposal to add to staking rewards led to a twofold increase in EOS value
EOS saw a 100% rise in its value after it proposed to add to its staking rewards and raise the inflation rate. ...
MAY 06, 2021
Bitcoin bonuses instead of cash for MicroStrategy board of directors
Paying cash as a bonus seems to be out of the window for the MicroStrategy directors’ board. ...
APR 12, 2021
Once again Ripple triggers a weekend pump and shines among the altcoins
APR 10, 2021 Once again Ripple beats SEC and they celebrate it with a big pump. ...
APR 10, 2021