BoE Proposes Stablecoin Regulation Following Terra Crash

The UK authorities have released a detailed report of how it intends to reduce the financial stability problems related to financial settlements with cryptos. The authorities saw the need for this regulation following the UST stablecoin at the beginning of this month. Before its collapse, the UST was among the top three stablecoins globally. UK … Read more

Ethereum (ETH): Can the 16% Surge Support Upside to $2.5K?

The recovery patch for cryptos isn’t a smooth road, and revival amidst dented market sentiment means more challenges. However, that doesn’t imply an impossible thing. For now, Ethereum contemplates an upside move following recent bearish actions. The price charts confirm such a narrative as they indicate massive momentum that pushed Ether towards a crucial region. … Read more

Bitcoin (BTC) Overcomes $30K; Why It Could Mean Trend Shift

Bitcoin has its price gaining momentum beyond the resistance zones at $29.5K and $30K. For now, the crypto trades beyond $29K and the 100-hourly Simple Moving Average. Kraken data shows BTC broke past a massive pessimistic line with resistance at $29.2K on the 1hr chart. Bitcoin can climb to conquer the resistance at $30.6K. BTC … Read more

Monero (XMR): Vital Price Levels for Traders to Consider

Monero (XMR) has been among the large-cap alts with somehow attractive performance on the charts since the May 12 decline. Raking 25th by market cap, XMR responded to the decline towards $133 with a remarkable 70% increase to touch $207. That emerged when Bitcoin hovered inside a range, making Monero’s near-term bullishness more enticing for … Read more

Bitcoin Mining Difficulty Drops By 4.34%

BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate … Read more

Turkey Introduces New Bills to Increase Regulatory Oversight

Providing regulatory clarity on virtual currencies is the goal of every country’s central bank globally. Since 2020, nations have clamored for better oversight in the crypto industry to curb illicit transactions and safeguard investors.  Turkey has reportedly joined the long list of countries that aims to develop its cryptocurrency sector with improved oversight. The European … Read more

Tezos (XTZ): Vital Checkpoints for Investors to Reduce Losses

Tezos (XTZ) has come from far from its former status as a ghost platform. Nevertheless, the 37th largest crypto by value faces intense competition from projects dominating the headlines. Still, Tezos has experienced lucrative price actions that fearless market players can follow. XTZ 1Day Timeframe – Rallies While writing this content, XTZ changed hands near … Read more

FTX CEO Says He Does Not See Future In BTC Payments

The Remarks of the FTX CEO regarding Bitcoin were heavily condemned by the crypto community, as several people diverted his attention towards Solana, a network having a PoS (proof-of-stake) consensus mechanism, that has gone offline more than a dozen times. The CEO, who is also the founder of FTX (a crypto exchange), has condemned the … Read more

Australian Taxation Office Includes Cryptocurrency Capital Gains In Its Key Area Of Focus In 2022

The ATO (Australian Taxation Office) has delineated crypto capital profits among the chief areas to be concentrated on during the present year. The difference between an asset’s purchase and its sale is known as a capital loss or gain. The percentage that the ATO owes differs among the ownership duration and income brackets, however generally, … Read more

Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the … Read more