The Chairman of ASIC (Australian Securities and Investments Commission), Joe Longo, voiced on Monday while appearing in the Australian Financial Review Super and Wealth Summit at the Fullerton Hotel situated in Sydney. He mentioned that the emergence of cryptocurrency has become phenomenal and cannot be ignored. Being a market and corporate regulator, Longo slightly acknowledged…
The U.S. SEC has apparently flipped the word of advice about Bitcoin Futures being a greater risk than acquiring a real asset in hand. The United States Securities and Exchange Commission explained in detail why it thinks that Bitcoin Futures are a much safer and secure option in comparison to Spot trading and markets. Futures…
The author of the bestseller ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has predicted a major crash in the financial, crypto, and commodity market. The famed author and investor tweeted claims the United States government was pushing false inflation. He noted that inflation would lead to panic. As such, he predicts a further crash of the…
A Brazilian Senator, Irajá Silvestre Filhothe, has motioned to see Bitcoin mining firms operating in the country using renewable energy sources to operate tax-free. The senator also called for the removal of taxes on the importation of Bitcoin mining equipment and the government changing its classification of crypto to view them as currencies. A media…
Implementation of the regulations on Russian crypto mining could provide significant advantages to both the native miners as well as the state. The State Duma, the Energy Ministry, and the Economic Development Ministry want the legalized status of cryptocurrency mining as a business to be controlled being an entrepreneurial activity, in Russia. Nonetheless, the central…
Bitcoin starts another week as market players still contemplate the recent massive crash that had the leading crypto exploring the $4200 level at some point. Though Bitcoin registered a modest recovery, it now faces multiple obstacles in BTC’s full-recovery attempts. The first challenge for BTC bulls is at $50,000. Market players appear confused for…
Tiff Macklem, the Governor of the Bank of Canada, has claimed once again that BTC cannot be categorized as a form of currency as it does not have the adequate characteristics for being utilized in transactions. While talking to CTV News, Macklem (who has upheld his sceptical viewpoint regarding digital assets) stated that Bitcoin (BTC)…
A debate in the Bitcoin community is getting too much attraction in which initiation of “Santa Claus Rally” has been questioned. Santa Claus rally is a crypto economy event that usually comes into force before the expiry of a year. What happens is that the value of the entire crypto-economy surges to a great extent…
Ether (ETH) has reached a new high against BTC. ETH year-to-date returns have increased to slightly above 350%, all as a result of its new high achiever this week. For the first time this year, the ETH/BTC pair bid hit a record 0.0835 BTC on Coinbase. This bullish movement started sometime in October after Ethereum…
Despite China’s ban on Bitcoin mining, the business has expanded rapidly in the previous 5 months. Following China’s crypto ban earlier this year, bitcoin mining hash rate decreased by more than 50%, attributable mostly to the exodus of Asian crypto miners. Mining hashrate recovers after China’s ban on Bitcoin mining Data availability suggests that the…
A senator of the United States, Cynthia Lummis representing Wyoming has aired out her opinion about BTC, XRP, and Dogecoin among other digital assets in a show on CNBC called Squawk Box show. The senator said the only lasting cryptocurrency, in the long run, will be Bitcoin while others will fade with time. Special Attention…
Santander, one of the most elegant banks in Europe, is going to launch the first Bitcoin ETF in Spain despite the fact that there are various regulatory challenges which the country is still facing amid ETF approval. According to the officials at the bank, they have been working for quite some time now on the…
Many digital investors have been predicting an event called ‘Flippening’ in the crypto market. This event postulates that the top coin in the market, Bitcoin, is going to be replaced by Ethereum. Citadel CEO Kenneth Griffin has shared a similar opinion on this matter. Griffin was being interviewed by a media recently when he mentioned…
Bitcoin might just be the most flexible cryptocurrency around. Transferring it only takes a few minutes, allowing you to buy products and services quickly. It’s also secure and offers high return potential. But before you can start trading in this cryptocurrency, you’ll first need to create Bitcoin account. UK citizens and millions of worldwide users…
Flagship cryptocurrency Bitcoin has surprisingly broken into the top eight assets by market capitalization following Monday’s market rally. Bitcoin hit the number eight spot with a market cap of $1.25T, surpassing Elon Musk’s Tesla and Facebook. Bitcoin’s current $1.25T market cap was enough to beat the renowned motor company Tesla and gain more against Facebook,…
Securities and Exchange Commission has been quite generous with the approval of Bitcoin futures ETF; now, would it be wise to implicate further requests and applications that are too out there to get approval from the SEC? The answer should be; forget it. But the investors and traders out there are not getting this point,…
The cryptocurrency industry is currently experiencing the largest inflow of funds of all time and this inflow is mainly to Bitcoin. This large inflow into the cryptocurrency industry is coming after the approval of the Bitcoin futures ETF. ETF products are sought after by investors as they are convenient. Most of the inflows has been…
The statistics are in, and the Bitcoin Derivatives ETF had the year’s largest launch, by a long shot. We must “remove ETFs whose Day One turnover was simply one pre-planned large buyer or BYOA,” but this is reasonable. The ProShares Bitcoin Strategic ETF appears to have risen to the pinnacle organically, through genuine transactions by…
Bitcoin has demonstrated a strong performance during the last week and has managed to break through a major downtrend cross and reach a new high of $57k. So far, the rise has seen a significant amount of potential revenue generation among new coins in particular, while the top coins have held their ground consistently. Though…
Africa is unquestionably a crypto adoption lead across the globe having a growth of about 1200% during the last year, which is sufficient to make changes to the list of the previous year’s ten most crypto-friendly nations. As per a review published by Chainalysis, approximately a 1200% upsurge has been noticed in the incoming crypto…
Bitcoin holders have been given until the end of 2021 to be able to reduce their tax obligation, which affects them by selling all of their crypto assets at a loss and then buying them back. This is a loophole that exists within the crypto taxation system where someone can sell their entire crypto stash,…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
Popular Bitcoin critic and CEO of JPMorgan, Jamie Dimon, has opined that the price of the flagship currency could hit 10x in the future but doesn’t have any intentions of investing in the cryptocurrency. Dimon, who made the revelation in an interview with the Times of India, further said he doesn’t “really care about bitcoin.”…
Smart Contracts and Web 3.0 are apparently coming to the Bitcoin network as a means to bring advancements to the overall capabilities of the asset and helping it in becoming mainstream in the market. The Internet Computer blockchain from Dfinity Foundation is currently working on introducing the smart contracts feature into the Bitcoin network, increasing…
According to its latest data, the fear & greed tool, which is hugely popular among crypto traders, suggests that there is investor phobia over the digital asset space. The tool’s current value of 27% is the lowest over the last 12 weeks. Often, analysts combine the information from this index with other technical tools to…
