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…
Bit-Finance Review The market values of several major cryptocurrencies are low at the moment due to the regulatory crackdown imposed by China. This has cost active crypto investors millions of dollars. On the other hand, it has proven to be a good starting point for new crypto investors who can invest and bulk up on…
Despite the fact that XRP is at the moment battling it out with the Securities and Exchange Commission, the global entanglement for Ripple remains strong. Rosa Rios, who is a former US treasurer and currently serving as one of Ripple’s board members, shared on social media that XRP is a cryptocurrency with the primary purpose…
Based in the UK, the Brevan Howard Hedge fund has announced that it will soon be launching a new Digital Asset Division that will focus on the management of the company’s digital assets. A news report from Reuters mentioned that the hedge fund is looking to bring an increase in its holdings of cryptocurrencies and…
Short video platform, TikTok, has revealed via a new announcement its intention to blaze the trail in the NFT space. TikTok will drop its first NFT collection by October 6th. The mobile video application is partnering with celebrities with NFT experience on the new release, it shared in a Friday announcement. TikTok has also partnered…
China has issued a severe crackdown against alternative cryptocurrencies and Bitcoin alike. The country is not willing to let the locals engage in any kind of trading or transactions with crypto at all. Various new orders have been issued not only by the state but also by the regulatory offices and commissions that have banned…
EcoMarkets Review If you are looking for an online broker, you will become overwhelmed at some point because of the ton of options that have now popped up. There was a time when the number of brokerages was limited and you didn’t have much room to choose, but things have changed drastically with the popularity…
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.”…
United States Senators have reportedly introduced a new bill to Congress to align the country with global crypto regulations. Senators Maggie Hassan and Joni Ernst introduced the bill intending to get America up to speed as per crypto regulations. The new bill requires the United States Treasury Department to submit reports on the recent situation…
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…
Despite recording an all-time-high this week, Elon Musk’s much-talked-about crypto Dogecoin witnessed a decreased level of transactions for the first time since 2017. According to BitInfoCharts data, the meme coin dropped to 16k daily transactions, a figure that contrasts the rise in DOGE. The last time DOGE had a price frenzy in the market was…
Stablecoins, as the name dictates, are the stable versions of various cryptocurrencies; the term stable here means that their price is more stable as opposed to the volatile nature of their crypto counterparts. These stablecoins are typically pegged to a dedicated cryptocurrency, a commodity, or some other element and have their price stabilized with the…
Briefly – UNI’s price faced obstacles around $21.51, slowing down its recovery. RSI displays a bullish divergence, indicating a 20% upsurge. Meanwhile, breaking under $18.37 will nullify the bullish case. Uniswap sees it price ready for consolidation after meeting a massive resistance obstacle on its path to recovery. Though the slowdown in momentum might be…
Winbitx Review You wish to make a lot of money because you have seen so many people claiming that they make millions. If they tell you that they have made millions by trading, they are not wrong. However, if they say you need no efforts to make that money, they are definitely telling you a…
Global CTB Review When you start with an online trading platform, the first thing you should be aiming for is getting the education you require to become a trader. You don’t want to start with half-baked information because it will not help you in fully assessing your risks when trading. However, the more important thing…
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…
CFDAdvanced Review It has been over a decade since the online trading industry has boomed. In a matter of 10 years, hundreds of online trading service providers have been launched by different experts. However, the majority of these firms are only focused on giving you access to a limited number of facilities through their platform….
According to a very popular crypto-asset exchange in Australia, named Bitcoin Markets, Australian investors have grown to be very fond of crypto-related investments. Bitcoin Markets is the biggest crypto exchange in Australia, and it has recently witnessed a surge of new users. This has been the case because a lot of elderly clients are signing…
In a Newsweek survey conducted earlier on Monday from various states in the country, more than 42% of Texans will want the state to enact crypto-friendly regulations. According to the poll, the Texans advocating for the regulation of the crypto industry discussed the possibility of legalizing crypto. This poll comes when U.S. officials are debating…
The U.K. has resolved to explore the impact of Central Bank Digital Currency on its economy if adopted. The House of Lords on Monday inaugurated an Economic Committee to spearhead the inquiry, stating that the investigation is open to interested individuals who would like to put forward their ideas and contributions on the topic. This…
When declaring his formal intention to become Paraguay’s new president, Carlitos Rejala, revealed that he promises to make BTC an official currency of the South American nation if he becomes president. He made this disclosure via his official Twitter handle. Rejala Is A Top BTC Backer Rajala’s stint as the chamber of deputies saw him…
Having faced continuous scrutiny from regulators in almost all countries, the leading crypto exchange, Binance, has finally decided to have a central headquarters for its operations. The move will also enable the exchange to improve its relationship with regulators. Binance CEO told media reporters in a recent interview that “we must have a central entity…
Bitcoin started out as a visionary project; the developers couldn’t foresee the future, such as what does it have for Bitcoin in stores or how would it be accepted by the people, governments, or markets. But it kind of went pretty good; then there was the speculation that Bitcoin is a cryptocurrency, being so volatile,…
Bloomberg News reveals that Square (a payment settlement company owned by Twitter CEO, Jack Dorsey) has joined a Sony, Red Hat, and IBM network to eliminate patent stealing in the crypto space. According to Bloomberg, the network was created sixteen years ago. Square’s legal adviser revealed that most crypto projects might be sued over intellectual…
