What is impermanent loss and how to avoid it?

The difference between the LP tokens’ value and the underlying tokens’ theoretical value if they hadn’t been paired leads to IL. Let’s look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool. They’ll need to deposit 10 ETH […]

Bitcoin Miner Maker Ebang Estimates $2.5M Q1 Loss in US IPO Update

Chinese bitcoin miner manufacturer Ebang estimates it incurred a net loss of $2.5 million on a revenue of $6.4 million for Q1 2020. The financial disclosure was posted Wednesday in an update to the firm’s initial public offering (IPO) prospectus filed with the Securities and Exchange Commission (SEC). The filing means Ebang is now a […]

Tesla (TSLA) Stock Down 3% Loss, Musk Announced Semi Trucks Production

Despite an important announcement of volume production of the Semi trucks, Tesla (TSLA) stock is down today after hitting $1000. Tesla Inc (NASDAQ: TSLA) stock soared on Wednesday following an announcement by the chief executive officer of the company Elon Musk. Musk told the staff of Tesla that it is time to scale up the […]

Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for […]

Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April

Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the epic Bitcoin (BTC) scaling debate of the mid-2010’s, still has its hardcore supporters. And new research […]

Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims

Many investments these days seem volatile, but there are few asset classes that have been as volatile as crypto. If you have losses, you might have trouble claiming them, offsetting gains or reducing your income. In fact, asking if you have tax losses or even expecting some sounds like a silly question. How losses are […]

Novogratz’ Galaxy Digital Continues Losing Streak in 2019, Posts $33M Q4 Loss

Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019. According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital […]