PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!
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Access real-time blockchain and cryptocurrency news updates from around the globe.
What is profit and loss (PnL) and how to calculate it
PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!
US vice president gathers top tech CEOs to discuss dangers of AI
Vice President Harris gathered the heads of several AI development firms to discuss potential risks posed by the budding technology.
Coinbase remains '100% committed' to US market: Armstrong
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.
Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.
Terraform Labs seeks to dismiss class action arguing US laws don’t apply
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.
Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'
Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) which has been the center of a rogue insider "rugpull" that lost users $1.8 million last week.
CertiK shared the news of its successful $160,000 freeze of the stolen funds in an update to its 257,700 Twitter followers on May 5.
“We have successfully frozen $160K of the stolen funds with the help of partners,” CertiK said, adding that they’re continuing to monitor the movement of the stolen funds:
The firm explained that they tried to “collaborate” with Merlin to recover the funds stolen from the April 25 "rugpull" but the effort was to no avail.
It led the firm to reach out to law enforcement in the United States and the United Kingdom in an attempt to uncover the identities of the pseudonymous operators:
Kenya considers tax on crypto, NFT transfers and online influencers
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.
Voyager creditors could start seeing funds in the ‘next few weeks’
The bankrupt crypto brokerage has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
SUI rises to glory as Sun sets sights on it
On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project was eagerly anticipated and raised $300 million from venture capitalists such as FTX Ventures, Coinbase Ventures, Jump Crypto, a16z, and Circle Ventures. On Binance, users could either stake BNB or TrueUSD (TUSD) to farm a share of 40 million Sui tokens.
To say that the LaunchPools were oversubscribed is an understatement. Despite having just 0.4% of 10 billion Sui up for grabs, the retail frenzy saw the BNB-Sui farm pool surpass 8.895 million BNB staked and the TUSD-Sui farm pool top 892.6 million TUSD staked, totaling a combined $3.8 billion at the time of publication.
The arguably well-oversubscribed BNB-Sui LaunchPool (Binance)The thirst for Sui was so great that on May 1, Changpeng Zhao (CZ), co-founder and CEO of Binance, publicly rebuked Tron Founder Justin Sun for a deposit of 56.1 million TUSD on the exchange.
“Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,” CZ wrote.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
SUI rises to glory as Sun sets sights on it
On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project was eagerly anticipated and raised $300 million from venture capitalists such as FTX Ventures, Coinbase Ventures, Jump Crypto, a16z, and Circle Ventures. On Binance, users could either stake BNB or TrueUSD (TUSD) to farm a share of 40 million Sui tokens.
To say that the LaunchPools were oversubscribed is an understatement. Despite having just 0.4% of 10 billion Sui up for grabs, the retail frenzy saw the BNB-Sui farm pool surpass 8.895 million BNB staked and the TUSD-Sui farm pool top 892.6 million TUSD staked, totaling a combined $3.8 billion at the time of publication.
The arguably well-oversubscribed BNB-Sui LaunchPool (Binance)The thirst for Sui was so great that on May 1, Changpeng Zhao (CZ), co-founder and CEO of Binance, publicly rebuked Tron Founder Justin Sun for a deposit of 56.1 million TUSD on the exchange.
“Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,” CZ wrote.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai.
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
CZ calls out Justin Sun for farming SUI at the expense of the little guys, “useless” PEPE up 20x, new 3AC venture in hot water in Dubai.
Montana governor signs pro-cryptocurrency mining bill into law
The legislation included revisions to laws aimed at prohibiting discriminatory electrical rates for mining firms, and not allowing taxation for crypto used as a method of payment.
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.
FTX bankruptcy judge approves sale of LedgerX
The judge said he read all the papers and declarations related to the FTX debtors' motion for the sale of LedgerX and was “satisfied” with the proceedings.
North Carolina House passes bill banning CBDC payments to the state
The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot.