El Salvador has been a raging success when it comes to crypto adoption; during this transition, both IMF and World Bank approached El Salvador and advised the country not to proceed with this transaction as it would destabilize the whole economic progress within the region. But El Salvador did take this initiative and made the…
According to various media reports, the Indian authorities have disclosed that it is more interested in earning tax from crypto players instead of banning the industry out-rightly. But, the sources also revealed that the authorities wouldn’t classify it as an asset category despite taxing the industry. Good News For Indian Crypto Players The news comes…
Binance is going through a rough patch these days; there is a global crackdown against the crypto exchange for failing to comply with certain regulatory standards, which initially started out in the UK but is now kind of a global headline. Binance has overstepped its bounds several times, and it seems if the crypto exchange…
The crypto world shook with the announcement of El Salvador’s adoption of Bitcoin as the country’s legal tender. The effect of this development on El Salvador as a country is massive as life would change for everyone in the country. Its economy will however enjoy the highest percent of this change as the financial scene…
On Thursday, Bitcoin dropped 2.8% to trade near $45,813.90. With that, most altcoins registered downswings. The BTC rival, ETH, lost 1.13% plunging to $3,474.44. With such actions, the flagship token had its market capitalization stands at $861.7 billion, while Ethereum’s is $408.062 billion. El Salvador partially contributed to the current market crash. The Latin American…
Naomi Osaka, one of the biggest stars in the world of professional tennis, recently talked about her interest in cryptocurrencies, specifically Dogecoin (DOGE). She had also previously launched her own non-fungible token (NFT), thereby joining the growing list of celebrities who have recently become actively involved with the NFT industry. Osaka interested in DOGE Osaka…
The Chairman of the Economic Financial Crimes Commission has called out the growth of cryptocurrency as something dangerous and a threat to the world economy. The EFCC is a Nigerian agency that monitors financial activities and investigates any fraudulent activities that may have occurred, including embezzlement. The chairman Abdulrasheed Bawa revealed the danger cryptocurrency poses…
ETH price surge has attracted interest from investors towards various ETH derivatives. Glassnode data shows that institutional investments in ETH futures reached new peak levels yesterday, surging past the previous peak level of $11.28B to $11.7B. Carry Trading And Ether Futures A top executive with n.exchange, Gustavo De La Torre, said that the value has…
Briefly- Bitcoins appear ready to gain about 8% towards $56,361. ETH slows down as the altcoin approaches a crucial resistance at $4,071. Ripple faces resistances around $1.70. Bitcoin price sees upside movements after its recent upticks. However, that is not the case with alternative tokens like Ripple and Ethereum that indicates sell-off signs. BTC Shows…
In Australia, crypto exchange giants, BTC markets, and a local bank, Volt, have announced a partnership. The local bank will be volt users’ fiat managers for the local currencies. Users Can Perform Settlement Transactions Easily Users can perform settlement transactions on the country’s fast payment platform, the new payments platform. The exchange’s CEO said, “our…
The recent swarm of cyber-attacks has apparently upset blockchain networks’ and crypto exchanges’ security systems; thus, the management of Cardano Foundation invites hackers to participate in a hackathon to win bounties. Cardano’s notable vulnerabilities In an announcement on Thursday, it has been disclosed by the foundation that collaboration had been made between it and KackerOne…
Briefly – Chainlink joins the best-performing alternative tokens at the moment, its price jumping towards $34. The alt’s market capitalization makes a historic move, crossing $15 billion after battling under the mark since mid-May. Though LINK remains far from the record ATH, it receives recovery sentiments because of increased institutional and retail interest. The altcoin…
In less than a week, the South American country El Salvador is going to become the first country in the world to accept Bitcoin as a legal tender. The move has been criticized by many, and recent protests show that the locals are also not very thrilled about the mandated Bitcoin laws. The members of…
As Bitcoin appears to correct in the price charts, the alt market registered mixed patterns. Tezos (XTZ) lost 1.8%, struggling to hold over its closest support at $5.26. MATIC dropped more than 4%, nearing the price floor at $1.38, regardless of reversal signs. Lastly, BitTorrent increased by 18.3% as it targets to explore the price…
Briefly – MATIC price appears ready to move to $1.63. Breaking past this resistance can trigger another bullish run. The token’s price will have to maintain over $1.24 for a sustained bullish move. Polygon (MATIC) seems ready to start a new upside move as the asset builds a crucial bullish pattern. Moreover, whales are accumulating…
Briefly – AVAX has struggled over the previous week. The crypto formed a declining wedge shape. 100 MA serves as the alt’s support. Avalanche (AVAX) had registered healthy surges over the past weeks, increasing by more than 200%. With these actions, AVAX attained a new high after battling for many months. The crypto project has…
