March 16, 2023 3:00 PM | 1 min read

Over the past 24 hours, Cosmos Hub's (CRYPTO: ATOM) price rose 3.2% to $12.53. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $10.69 to its current price. As it stands right now, the coin's all-time high is $44.45.

The chart below compares the price movement and volatility for Cosmos Hub over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

The trading volume for the coin has increased 27.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 292.59 million. The current market cap ranking for ATOM is #21 at $3.65 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

See the rest here:

Cryptocurrency Cosmos Hub's Price Increased More Than 3% Within 24 hours - Benzinga

March 15, 2023 3:00 PM | 1 min read

Over the past 24 hours, Filecoin's (CRYPTO: FIL) price has fallen 19.23% to $5.65. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $5.79 to its current price.

The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

The trading volume for the coin has increased 251.0% over the past week while the overall circulating supply of the coin has increased 2.18% to over 404.39 million which makes up an estimated 20.58% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #29 at $2.27 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Go here to see the original:

Cryptocurrency Filecoin Down More Than 19% Within 24 hours - Benzinga

As crypto goes, so goes the Provider Ranking of Cryptocurrency Apps.

This is to say, you never really know what will happen these days.

The Top 5

Breaking a tie weve grown accustomed to, Binance stands alone at No. 1.

How do you think Coinbase feels about that, now being at No. 2? We wont hazard a guess.

Crypto.com drops a spot to No. 3.

Its everyone into the pool of we just dropped a spot as Huobi hops down to No. 4.

Just to keep things interesting, theres an unusual tie at No. 5. This time its between KuCoin (dropping one chart position) and OKEx (dropping two).

As we always say, staying in the Top 5 is a win, even if your score falls. Perspective, people.

The Top 10

Blockchain Wallet steps down one chart position and out of the Top 5. Chin up and all that.

Our next tie happens at No. 7 and involves the curious case of Bitpay, already so ranked, and now joined by BitMart, rising two chart positions. Guess its not all that curious after all.

If youre the famed Winklevoss twins you call your crypto app Gemini (because, well, two), then you watch it drop two chart positions this month. But you dont worry one bit because youre a Winklevoss. You shouldnt need to be reminded of that.

Appearing out of the ether weve suddenly got ProBit Global at No. 9. Where have they been?

Ditto ZenGo, leaping into the Top 10 at No. 10.

And just like that, crypto winter turns to crypto spring. Maybe.

Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.

Follow this link:

Provider Ranking of Cryptocurrency Apps Packs a Few Surprises - PYMNTS.com

Cryptocurrency prices today: Rates of Bitcoin, Ethereum, USD Coin, Cardano

Mar 16, 2023, 11:43 am 3 min read

Bitcoin has shed 1.62% over the last 24 hours, trading at $24,456.37. It is 12.49% higher than the previous week. The second most popular token, Ethereum, has dropped 3.39% from yesterday to trade at $1,650.32. It has climbed 7.26% from last week. The market capitalization of Bitcoin and Ethereum is now at $472.90 billion and $202.24 billion, respectively.

What about the movement of other popular cryptocurrencies today?

BNB is currently trading at $311.88, down 0.31% from yesterday and 7.66% up from last week. XRP's price today is $0.33 after falling down 2.90% in the last 24 hours. Compared to last week, it is 5.78% down. Cardano and Dogecoin are trading at $0.33 (down 6.39%) and $0.077 (down 7.41%), respectively.

Solana has risen 14.13% since last week

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $210 (up 4.47%), $6.3605 (down 0.62%), $0.000011 (down 5.61%), and $1.12 (down 7.81%), respectively. Based on the weekly chart, Solana has risen by 14.13%, while Polka Dot has gained 13.01%. In the past week, Shiba Inu's value has increased by 2.12%, whereas Polygon is 6.33% up.

Take a look at top 5 gainers of the day

GMX, XDC Network, PAX Gold, Fei USD, and Pax Dollar are the top five gainers on a 24-hour basis. They are trading at $80.01 (up 5.51%), $0.033 (up 1.59%), $1,928.35 (up 0.62%), $0.99 (up 0.58%), and $1 (up 0.49%), respectively.

How have the popular stablecoins performed today?

A stablecoin is a cryptocurrency with extremely low volatility. Its value is pegged to a real-world asset such as fiat currency or gold. Among the popular tokens, Tether, USD Coin, and Binance USD are trading at $1 (down 0.14%), $0.99 (up 0.07%), and $1 (down 0.06%), respectively. Terra Classic is listed at $0.00011 (down 8.10%).

Take a look at top 5 losers of the day

The biggest losers of the day are Conflux, Synthetix, Filecoin, Lido DAO, and Stacks. They are trading at $0.22 (down 19.86%), $2.65 (down 18.17%), $5.70 (down 17.82%), $2.33 (down 17.21%), and $0.88 (down 15.11%), respectively.

Check out the top cryptocurrency spot exchanges

Looking at the traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes, the top three cryptocurrency spot exchanges are Binance, Coinbase Exchange, and Kraken. The 24-hour volumes of Binance and Coinbase Exchange are $28.77 billion (down 21.80%) and $2.31 billion (down 27.80%), respectively. Kraken recorded a volume of $1.21 billion, which is down 31.79% from yesterday.

Take a look at today's leading DeFi tokens

DeFi or decentralized finance refers to global, peer-to-peer financial services on public blockchains. Dai, Avalanche, Uniswap, Wrapped Bitcoin, and Chainlink are some of the prominent DeFi tokens. They are trading at $0.99 (up 0.07%), $15.63 (down 10.19%), $5.93 (down 7.67%), $24,439.39 (down 1.71%), and $6.60 (down 6.84%), respectively.

Check out today's top 5 NFT tokens

Non-fungible tokens or NFTs are cryptocurrencies that cannot be exchanged for one another like other tokens due to their lack of fungibility. Internet Computer, ApeCoin, Stacks, Tezos, and Decentraland are among the prominent NFT tokens. They are currently trading at $5.21 (down 8.26%), $4.15 (down 6.39%), $0.88 (down 15.13%), $1.18 (down 3.72%), and $0.55 (down 9.33%), respectively.

Total cryptocurrency market capitalization

The current global crypto market cap is $1.06 trillion, a 2.61% increase over the last day. The total crypto market volume over the last 24 hours is $83.7 billion, which marks a 17.28% increase. Last month, the global crypto market cap was $1.1 trillion while three months ago, the total capitalization stood at $846.59 billion.

See more here:

Cryptocurrency prices today: Rates of Bitcoin, Ethereum, USD Coin ... - NewsBytes

Taxpayers in the United Kingdom will be required to report theircryptocurrency holdingson their tax returns, accordingto a recent announcement made by Chancellor of the ExchequerJeremy Hunt.

This new requirement is expected to generate an additional 10 million British pounds ($12 million) in tax revenue each year.

The change will take effect in the tax year ending inApril 2025, and the U.K. Treasury confirmed that amounts in respect of crypto assets will need to be identified separately on self-assessment tax return forms, according to a documentpublished on Wednesday.

The new requirement will apply to forms for capital gains taxes, which are paid when investments are sold for a profit.

Furthermore, the U.K. government has expressed interest in exploring the potential of the metaverse while taking measures to mitigate risks related to privacy, security, and other potential harms.

The government intends to maximize the benefits of this emerging technology while minimizing any negative impacts it may have.

In the United Kingdom, crypto assets are considered as property for tax purposes. This means that individuals and businesses are subject to capital gains tax (CGT) when they dispose of crypto assets, such as selling or exchanging them for other assets or using them to purchase goods or services.

The rate of CGT varies depending on the individuals income tax bracket. For basic rate taxpayers (earning up to 50,000 in the tax year), the CGT rate is 10%, while for higher rate taxpayers (earning between 50,001 and 150,000), the rate is 20%. For additional rate taxpayers (earning over 150,000), the CGT rate is 28%.

If an individual or business receives cryptocurrency as payment for goods or services, the value of the crypto asset received is subject to income tax. The value is calculated based on the market value of the crypto asset at the time it was received.

If an individual or business mines cryptocurrency as a trade, they are subject to income tax on the profits generated from the mining activity.

__________

This articlewasoriginally publishedon Benzinga and appears here with permission.

Read more:

UK Taxpayers Will Need To Disclose Cryptocurrency Holdings On ... - The Dales Report

Internet scammers are raking in more cash than ever before...and cryptocurrencies provided them with a major assist.

According to the FBI's recently released annual internet crime report(Opens in a new tab), $10.6 billion was lost due to online scams and frauds in 2022. This is up 46 percent from the $6.9 billion in losses in 2021. Furthermore, even though losses are way up, the number of complaints from scam victims made to the FBI's Internet Crime Complaint Center (IC3) were actually down from the previous year.

So, what accounted for the more than $3.5 billion jump from 2021 to 2022? The rise of cryptocurrency.

The report found that investment fraud overall was the "costliest scheme." Based on complaints to the IC3, losses from investment fraud grew from $1.45 billion in 2021 to $3.31 billion last year.

However, within those complaints, the report found that fraud involving cryptocurrency specifically had the biggest growth with an increase of 183 percent from the year prior. Losses from crypto scams went from $907 million in 2021 to a whopping $2.57 billion in 2022.

"Crypto-investment scams saw unprecedented increases in the number of victims and the dollar losses to these investors," reads the report. "Many victims have assumed massive debt to cover losses from these fraudulent investments and the most targeted age group reporting this type of scam are victims ages 30 to 49."

Some common crypto-related scams according to the report include crypto stolen through hacked social media accounts, celebrity impersonations, real estate fraud, and liquidity mining, which are schemes that persuade targets to connect their crypto wallets to an application with the promise to make profit and then instead just drain the user's account of its funds.

Though crypto scammers often go after younger targets, according to the report, the largest pool of victims is in the less tech-savvy 60-and-older demographic. They accounted for $3.1 billion of the 2022 losses.

And while investment fraud accounted for the most losses, there were many other types of internet scams pulling its weight too. Call center fraud was the biggest threat to that previously mentioned older demographic, accounting for more than $1 billion in total losses. Of that, $724 million was drained specifically from targets aged 60 and older.

Business email compromise was another scam that proved fruitful for bad actors in 2022. This scam involves targeting users' business emails and then attempting to use social engineering techniques to trick the victim into transferring funds. These scams accounted for $2.7 billion in losses last year. And, even though ransomware attacks were down in 2022, they still made up $34.3 million in losses.

It's important to note that the data here comes from more than 800,000 complaints filed with the IC3 in 2022. The numbers are likely even higher as there are scam victims who don't report.

Here is the original post:

Online scammers stole more than $10 billion in 2022 thanks to ... - Mashable

Disclaimer: The text below is an advertorial article that is not part ofCryptonews.comeditorial content.

The cryptocurrency market continues to bubble with new tokens and their fantastic utilities. Launching in the market via any of the ecosystem's subdivisions, each token, especially potentially successful tokens, brings unique vibes to the industry. Their distinct features further propel the growth of the industry.

Unicorn technologies are widely known in finance as companies or startups valued at $1 billion or more. It is important to understand that for tokens to attain this value on the stock market, they must bring peculiarities to the ecosystem.

Over time, several tokens have attained unicorn status, and HedgeUp (HDUP) is behind them. These incredible tokens are Ripple (XRP) and Dogecoin (DOGE). HedgeUp seeks to emulate these distinctive tokens so that it can also sit at the table of unicorns.

Dig into this article to keep up with HedgeUp's track to becoming a unicorn tech and crypto firm.

>>> Buy HedgeUp Now <<<

Success is the primary aim of every token in the ecosystem. Also, attaining "unicorn status" is one of the ecosystem's highest accolades cryptos can achieve. Innovative tokens like HedgeUp (HDUP) possess specific elements that could make them acquire unicorn status quickly.

HedgeUp is a project that seeks to provide extensive portfolio growth for individuals by utilizing the alternative investment marketplace. Some of the assets this platform offers for investment include fine art, diamonds, gold, luxury watches, and wines. Opportunities are also available in the aviation and marine industries.

As the world's first crypto NFT alternative investment marketplace, HedgeUp encourages users to invest fractionally in luxurious assets worldwide. Challenging the status quo, this platform aims to empower individual portfolios by bridging the gap between investors and the non-conventional investment marketplace.

The utility token that aids in the execution of the primary functions of this amazing project is the HDUP token. This token, backed by vast utility, is predicted to achieve undeniable growth in no time.

>>> Buy HedgeUp Now <<<

Ripple (XRP) is undoubtedly one of the major pillars of the cryptocurrency ecosystem. It is a blockchain-based network for digital payments that completely utilizes the decentralized protocol. Operating on an open-source and P2P protocol, Ripple permits seamless monetary transfers, which can be in dollars, other global currencies, or cryptocurrencies.

Ripple (XRP) is the governing token powering the Ripple Network. The XRP token is a middleman for exchange between two currencies or networks. Ripple's services extend beyond the shores of crypto, as it also offers services to major world banks and financial institutions.

Dogecoin (DOGE) is a leading peer-to-peer (P2P) cryptocurrency well-known as a derivative of the altcoin giant, Litecoin. Dogecoin has also become an industry giant with its memecoin approach, identified by the fan favorite, the Shiba Inu logo.

Dogecoin (DOGE) is incredibly community-friendly, offering top-notch services to its platform users. Some of these services include efficiency, speed, and minimal gas fees. Due to its alluring utility, Dogecoin (DOGE) remains in popular demand amongst dog lovers and all users.

Ripple and Dogecoin's roles in the cryptocurrency industry cannot be overemphasized. Upcoming cryptos strongly emulate these top pillars of the metaverse, and HedgeUp is an excellent example. Experts say investors should watch out for HedgeUp in the coming months, as they suggest that this token is gearing up for a sensational upswing.

For more information on HedgeUP click the links below:Presale Sign Up: https://app.hedgeup.io/sign-upOfficial Website: https://hedgeup.ioCommunity Links: https://linktr.ee/hedgeupofficial

Continue reading here:

HedgeUp (HDUP) On Track To Becoming Another UNICORN Tech ... - Cryptonews

The collapse of cryptocurrency exchange FTX in early November 2022 harmed cryptos. However, Bitcoin is up 46.4% year to date, and some investors say the largest crypto trades like a tech stock.

Meanwhile, the technology sector suffered a severe selloff last year but is doing better thus far in 2023 with a +13.55% positive gain. But if I were to choose between tech stocks and any other crypto, I wouldnt touch the latter with a 10-foot pole.

Tech firms like Descartes Systems Group (TSX:DSG), Kinaxis (TSX:KXS), and Docebo (TSX:DCBO) are safer and certainly have more potential. They have financials and business projections to show.

Descartes provides on-demand, Software-as-a-Service (SaaS) solutions to logistics-intensive businesses to help them improve productivity, performance, and security. The $8.76 billion company reported impressive top- and bottom-line growth in fiscal 2023.

In the 12 months that ended January 31, 2023, revenue and net income increased 14.4% and 18.4% to US$486 million and US$102.2 million versus fiscal 2022. Edward J. Ryan, Descartess chief executive officer (CEO), said the company invests in its Global Logistics Network. He added, We invest both organically and through acquisitions consistent with customer feedback on how we can deliver more value to them.

For fiscal 2024, management anticipates adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to be 40-45% of revenues. Its chief financial officer Allan Brett said Descartes has a solid platform for continued growth and acquisitions. Moreover, it has the experience and capital capacity to add more solutions for the growing community of shippers, carriers, and logistics services providers. At $102.95 per share, current investors enjoy a 9.07% year-to-date gain.

Kinaxis had an incredible turnaround in 2022, exceeding total revenue and adjusted EBITDA targets. Also, besides growing its customer base by 40%, profit reached US$20.08 million compared to the US$1.16 loss in 2021.

This $4.59 billion supply chain management company will continue to invest for the long term and cement its leadership position. Management also expects faster SaaS growth and increased profitability in the coming years.

Performance-wise, the tech stock is up 10.24% year to date. Market analysts covering KXS recommend a buy rating. The 12-month average price target is $218 a potential 30% appreciation from its current share price of $167.46.

This $4.59 billion supply chain management company will continue to invest for the long term and cement its leadership position. Management also expects faster SaaS growth and increased profitability in the coming years.

Docebo endured the macroeconomic headwinds in 2022 and delivered a strong performance. The $1.68 billion company boasts a leading artificial intelligence (AI)-powered learning platform. In the 12 months that ended December 31, 2022, total revenue (subscription and professional services) climbed 37% year over year to US$142.91 million.

The net income topped US$7 million compared to the US$13.6 million net loss in fiscal 2021. Claudio Erba, Docebos founder and CEO, said, Our focus remains on driving long-term growth and profitability across economic cycles, supported by continued innovation. If you invest today, the share price is $51.08 (+14.2% year to date).

While Bitcoin and other cryptos are tradable assets like tech stocks, they still lack regulation. More importantly, theres no predictable path for the foreseeable future, unlike Descartes, Kinaxis, or Docebo.

See the original post here:

3 Tech Stocks With More Potential Than Any Cryptocurrency - The Motley Fool Canada

AHMEDABAD/SURAT/VADODARA/RAJKOT: A typical cryptocurrency scammer, most of times with a woman's fake profile, will first approach you via an Instagram DM and ask you whether you want to earn a 40% or 60% profit on your bitcoin investment for a small investment of Rs 5,000," says Pratik Jain, 29, a food outlet owner from Navrangpura. "They then create an account for you on their fake phishing website, will ask you to recharge that account with a small sum using UPI payment. They then add you to a WhatsApp or Telegram group and claim that you are trading. You will book a profit of 11.25% and then when you invest more, they pay 22% profit. After a few weeks of trading they disappear," says Jain.Pratik is not alone, more than 300 individuals in Gujarat have lodged complaints with the cybercrime helpline number 1930 on such fraudulent deals over the past one year. Gujarat is not new to crypto scams.One of the earliest known cryptocurrency scams that came to light was when a Surat-based business entity floated bitcoin called BitConnect, which went bust in early 2018. Gullible investors, it is estimated lost close to Rs 500 crore to the scam. The promoter went missing. "Not many came forward to register their complaints for the fear of IT raids back then," says a senior Gujarat CID(crime) official. BitConnect promoters had issued a cryptocurrency token, "BCC", and floated a global trading and lending platform for investors in 2016. The scam came to light following a controversial kidnapping case.Vishal Rabari, assistant commissioner of police (cybercrime) Rajkot, says, "Generally, victims get calls from unknown women, who post their fake profiles on social media. These women then develop friendship with their victims. These women claim that they are operating from a foreign country. They lure their victims into investing in cryptocurrency with the promise of high returns. The victims are made to download mobile apps which take over the victim's device and transfer the money." Rabari says that over the last few months, a dozen-odd cases have been registered with the cybercell.In Vadodara city, Hardik Makadia, ACP (cybercrime) explains that he receives three to four complaints every month, "Certain gangs lure people into investing in cryptocurrency and then disappear with their money. Some gangs simply cheat people under the pretext of investing in cryptocurrency." The Vadodara cybercrime arrested four persons in December last year for duping a person under the pretext of selling bitcoins. The victim had transferred Rs 1.41 lakh to a bank account to buy bitcoins but the gang disappeared with the money. In July 2021, a Vadodara-based businessman lost Rs 2 crore after a gang promised to help him start a bitcoin business and duped him. (With inputs from Ashish Chauhan and Paul John)

Link:

Cryptocurrency scammers thrive on victims' greed for quick bucks - Times of India

The failure of three major crypto-friendly banks Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the USD Coin (USDC) stablecoin to fall to as low as $0.87 from its $1 peg.

Amid the concern mounting around stablecoins, Binance co-founder and CEO Changpeng CZ Zhao tweeted on March 13 that with the changes in stablecoins and banks, the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto.

The native cryptocurrencies listed by CZ included Bitcoin (BTC), BNB (BNB) and Ether (ETH). He then posted links to the hash ID for the BTC and ETH transactions, saying $980 million took 15 seconds to move with a $1.98 transaction fee.

In response to the move by the Binance co-founder, Crypto Twitter had mixed reactions. Some praised the decision, calling it pure gold, and offered a suggestion to use alternative currencies to peg stablecoins:

However, others questioned the move to sell the Binance USD (BUSD) stablecoin and convert the fund to more volatile assets.

On March 10, Circle, the company behind USDC, disclosed it had around $3.3 billion tied up at the failing SVB, which caused the initial depegging event. However, by March 13, USDC had bounced back toward its $1 peg currently hovering around $0.99.

Related: Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound

Circle also has an undisclosed amount of reserve funds stuck in Silvergate, another United States-based crypto-friendly bank that went bankrupt.

The instability surrounding USDC caused a domino effect on other stablecoins such as Dai (DAI), USDD and FRAX, which also slipped from their $1 peg.

Since the events began unfolding on March 10, the crypto space has been on edge as to what will happen next. Twitter users have claimedthat there is nobody left to bank crypto companies.

Read the original:

Binance CEO announces recovery funds conversion from BUSD to native crypto - Cointelegraph