Bitcoin trades on the edge of closing another week in the red. That would translate to stretching the pessimistic action to two months. Though challenging the $30K mark several times, Bitcoin seems weak to overcome the area as it spends more time beneath the crucial zone. The previous 24 hours saw bullish reactions within the … Read more
Bobby Ong, one of Coingecko’s founders, has predicted that the decision by the US Fed to raise rates to curtail inflation will create a huge difficulty for the crypto market at least for the next 18 months. Ong Explains The Reasons Behind His Prediction He explained that since the crypto market and stock market now … Read more
On Tuesday, the BaFin (Federal Ministry of Finance) issued a 24-page publication that outlined the transparent tax principles for virtual assets as well as for cryptocurrencies. Individual taxpayers, businesses, and tax practitioners at present have a straightforward way regarding the tax requirements dealing with selling, trading, as well as obtaining cryptocurrencies. The chief important factor … Read more
XP reported that in the second quarter of this year, XTAGE will be launched with complete integration with the ecosystem of XP Inc (the biggest investment brokerage across Brazil having up to 3.5M consumers as well as $168B worth of assets under custody). XP mentioned that at first, the exchange will offer the sale as … Read more
The broad market and Bitcoin see early pressure with increased regulatory scrutiny threatening market players’ appetite following roller-coaster events over the past week. Sunday sessions saw BTC on a 3rd successive day of gains, ending the week with an 8% loss. Bitcoin witnessed a 7th sequential week of red. While the space recovered from the … Read more
Despite the TerraUSD crash, the platform’s DAO (the LFG) still needs to answer a few questions on some discrepancies regarding Terra’s BTC reserves. Before the UST lost its UST peg earlier in the week and created commotion across the market, the LFG held 70,737 worth of BTC (valued at nearly $2.1B) as reserves for its … Read more
No digital token traded in the green amid Thursday’s early hours. Bitcoin dropped 10%, while Ethereum noted an 18% nosedive. Meanwhile, the altcoin marketplace bled severely. The crypto market suffered today as the global economy battled multiple factors. The stablecoins’ unstable algorithmic hurt sentiment in the crypto market, whereas U.S dollar-tied tokens see ‘de-pegs,’ dragging … Read more
Top cryptos, Bitcoin and Ethereum, failed to regain vital levels following colossal liquidations. While writing this content, BTC changed hands beyond $31K, while Ethereum trades near the $2.4K level. For now, the crypto market attempts recoveries from the latest bloodbath. The ongoing bearishness had alts such as DOGE, LINK, and FTT gravitating toward yearly/monthly lows … Read more
Goldman Sachs has launched its initial BTC (Bitcoin)-supported loan, as included in a prominent move toward the organizational crypto adoption across Wall Street. Bloomberg was told by a Goldman spokeswoman that the banking institution (that operates in several countries) has lent cash which is collateralized by BTC in the possession of the borrower as the … Read more
Bitcoin’s landscape sees extreme fear again after the latest retracement, which data suggests whales are behind the downside spiral. The Fear & Greed index plummeted into the extreme fear region as Bitcoin declined. Moreover, the metric never explored such poor conditions since late January, when the bellwether crypto plummeted to $33,000. Fear in Front Seat … Read more
