On October 3, the trading price of Binance Coin (BNB) was able to move over the moving averages. The bulls were able to prove that they had some power to continue with the trend and they were able to do it for some time. However, the bears were also determined to show off their selling…
On October 4, Polygon’s (MATIC) trading price experienced a significant push. The digital asset was able to witness a significant push, allowing it to rise over the moving averages on a particular day. Bears Continue Stalling the Trend The price chart for MATIC suggests that the bears have been trying hard so they can pull…
The Ontario Securities Commission’s (OSC) chief executive officer (CEO), Grant Vingoe recently talked about the stance of their regulatory authority for cryptocurrencies. As per Vingoe, their stance towards cryptocurrencies is technology-neutral. However, the chief executive did talk about the future of cryptocurrencies in the country. OSC is Neutral toward Crypto According to the chief executive…
On October 4, the trading price of Bitcoin was able to take a trip over the $20,000 barrier. However, the traders were expecting resistance as the price of BTC would go over the $20k mark. Low Value of the Dollar Helped Bitcoin According to the latest data, the trading price of the BTC/USD has recorded…
The US Securities and Exchange Commission (SEC) is at it again as it is going against two cryptocurrency firms that are now defunct. However, given the nature of the lawsuit, it is justified why the US SEC is going after these firms and their executives. Pump and Dump Scam The US SEC has reportedly alleged…
The trading price of Ether (ETH) has been recording a downward movement in recent days. In the past several days, ETH’s value has continued moving in the descending channel. ETH’s Price Continues Declining The trading price of ETH has been moving in a channel that has been declining, forming a bearish pattern. The price graph…
In the past few days, the trading price of Shiba Inu (SHIB) has been hovering at a high of $0.000011, which is the 20-day EMA. The bulls seem to be in Power for Now The past few days have been good news for the bulls as the price of Shiba Inu has been moving in…
The Investor Protection Unit of the Department of Justice in Delaware has issued a cease and desist order for a total of 23 individuals and entities that were involved in a popular crypto scam. This scam has come to be known as ‘pig butchering’ and the order also froze the accounts of the said entities…
In the past few days, the bulls had been trying really hard to push Dogecoin’s trading price to a higher trading market. However, the situation did not work in favor of the bulls and the trend has continued moving in the negative direction. Bearish Movement of DOGE The trading price of DOGE experienced a major…
State-issued digital currencies were used to conduct cross-border settlements by the monetary authorities of four Asian jurisdictions in a test. The Bank for International Settlements (BIS) also participated in the pilot project, which saw transactions of about $22 million conducted, which involved foreign exchange and cross-border payments. The trial The monetary regulators of the United…
Astar Network has recently announced that it has partnered with Yoshitaka Amano. The major multichain-based smart contracts platform has partnered with a legendary artist known for creating many imaginary and fantasy characters and worlds. Creation of Exclusive NFT Collection Following the partnership, Yoshitaka Amano would work on creating an NFT collection that would be exclusive…
A digital bank based in Brazil, Nubank recently announced that it had achieved a new milestone. According to the institutions, it now has about 70 million customers in the Latin American region. This makes it one of the biggest financial digital bank to exist in Brazil. Moreover, it also disclosed that about 2 million of…
A newly released survey disclosed that the next 12 months will see around 1 million Australians buy crypto for the first time. This would mean that the total number of people owning cryptocurrency in Australia would reach approximately five million. The survey Swyftx is an Australian crypto exchange that conducted its second Annual Australian Crypto…
For days, there is a fight taking place between the bulls and the bears to move Polkadot (DOT) in their favor. The bears have continued exerting strong selling pressure over the bulls in order to lower their confidence. However, the bulls are not ready to give up easily as they have been fighting the bears…
In the last 24 hours, Shiba Inu (SHIB) seems to have dropped another bomb on its investors. It was a huge upset for the investors that have positive sentiments about the meme coin. Shiba Inu Suffers a 6.4% Drop Shiba Inu has been losing its value for a long time and things have not changed…
The trading value of the Binance Coin (BNB) has been oscillating between a particular range. In recent days it has become clear that the bulls and the bears have strong sentiments supporting their sides. Therefore, both sites may attempt to push and pull BNB’s price to their side to form a strong trend. BNB is…
Local media reported that the South Korean government has seized crypto assets valued at approximately $184 million in tax arrears in the last two years. The authorities in Seoul had first begun their confiscation of digital assets from those accused of evading taxes back in 2021. Tax evasion Reports on Thursday revealed that South Koreans…
The US district judge has recently authorized the Internal Revenue Service (IRS) to make its move against a certain group of cryptocurrency investors. The particular group in question are the tax evaders who generate their revenues from cryptocurrencies. The Reason behind the Decision A significant rise has been witnessed in the adoption of cryptocurrencies in…
In his testimony before the lawmaker of the United States, Jamie Dimon, the chief executive of JPMorgan Chase, called himself a major skeptic where cryptocurrencies are concerned. The CEO said that cryptocurrencies, such as bitcoin, were nothing more than decentralized Ponzi schemes. On Wednesday, the House Financial Services Committee had held an oversight hearing in…
On Wednesday, Normura Holdings made an announcement on the launch of Laser Digital Holdings, which is a venture capital unit focused on the cryptocurrency market. Normura Holdings is Normura Group’s principal member and is a Japanese financial holding firm. Its move comes after several financial giants made a move into the crypto space this year….
Spanish crypto exchange Eurocoinpay has made a deal for offering one of the first debit cards based on cryptocurrency in Spain. Customers of Eurocoinpay already have access to the card in question and now users will be able to take advantage of it by shopping in more than 90 million locations in the European Union…
The results of a new survey conducted by Harris Poll show that most American crypto investors believe that they possess the tools necessary for becoming billionaires down the road. The survey had been focused on how Americans view billionaires and it showed that Gen Zers and millennials have a higher sentiment in this regard, as…
Global bitcoin mining firm, Bitfarms has launched its operations in the mining megafarm that it set up in Argentina. Launched on September 16th, the new mining facility is now generating about 10 ]MWof mining power in the initial phase, but it expects to expand and become fully operational in the next year. According to the…
The Securities and Exchange Commission (SEC) in Thailand has proposed that a ban be imposed on crypto lending and staking activities and that people not be permitted to engage in them. The regular has now opened up the proposal for comments from the public and also noted that the reason behind the ban would be…
The head of the Russian government instructed the finance ministry and central bank in Moscow to come to an agreement on how to develop the digital asset market in Russia by December 1st. They should also work with other regulators in order to develop common legislation that can be used for regulating the digital asset…
