Sergei Gorshunov

Last week, Gotbit’s CEO was arrested in Portugal at the request of the U.S. The company was charged with market manipulation and wash trading. Wash trading occurs when one person (or company) acts as both the buyer and seller in the same transaction. At first glance, it makes no sense. However, the goal of wash trading is to either boost the price of an instrument (by constantly buying at higher prices) or to boost trading

Back in 2021, the DeFi sector entered the crypto mainstream, promising to change the world of traditional finance. At the dawn of DeFi, in 2020, the total value locked (TVL) in DeFi projects did not exceed $1 billion. By the end of 2021, TVL has grown by over $175 billion, a spectacular result achieved by the emerging industry. However, DeFi found itself under material pressure in the first half of 2022. Several catalysts triggered a

You may have heard the term ‘flight to quality’ many times in the financial press. The term refers to the situation when investors shift their funds to the highest-quality instruments within an asset class or choose a ‘safer’ asset class. Flight to quality occurs when investors believe in the solid long-term prospects of specific assets. When investors are outright scared, they move to cash. Right now, we can witness the flight to quality in crypto

SEC Chairman Gary Gensler is well-known for his anti-crypto stance. According to Gensler, all tokens are securities, which means they should be regulated by the SEC. From a big-picture point of view, Gensler sees the whole industry as being filled with fraud, scams, and unregistered securities. Bitcoin is the only exception. In this light, it is especially surprising that Gensler has recently softened his stance. In an interview with CNBC, Gensler discussed potential crypto ETFs.

It’s been a while since we’ve seen some serious FUD on USDT. Recently, Ripple CEO Brad Garlinghouse said that the U.S. government was going after Tether, which issues the USDT stablecoin. He did not provide any specific thoughts on possible risks to the USDT stablecoin. At the same time, Brad Garlinghouse noted that USDT was important for the entire crypto ecosystem and the story was worth monitoring. In response, Tether noted that Ripple would soon