It is quite enjoyable to play the “will it, won’t it” game when volatility hits the market. Unfortunately, we have been playing this game only in the negative context during the whole crypto winter. Occasionally, we would start making predictions about the next resistance level, but support lines that the Bulls had to hold were…
The speculative talk started once again in the crypto community following the sharp decline of the BTC price that occurred right after an impressive Bull Run that infused the atmosphere around the industry with some positivity. Many believed that the price will hold over the $21K support line and won’t go back until something catastrophic…
Many Bitcoin enthusiasts usually point out that blockchain technology has several distinct advantages with one of them being the immutability and reliability of the network. Another is its anonymity and decentralization which work together. The latter is what worries many skeptics who believe that various blockchain solutions may allow money laundering on a scale not…
It may sound crazy, but some people believe that the crypto winter will end with a bang with Bitcoin reaching $100K. Some experts even believe that they can buy a Lambo for 1 BTC by the end of 2022 which is fantastical due to many reasons. One of them is that all Lambos until 2023…
We have seen one of the biggest rises in mining difficulty since 2021. A 9.26% increase in difficulty pushed it closer to the all-time high meaning that it is harder than ever to mine BTC despite the crypto winter still going strong. Mining became so unprofitable for many companies that they had to liquidate some…
In countries relying on the US dollar for international trade and with shaky national currencies, cryptocurrencies seem to be a really good alternative for income protection. One of the biggest examples of it is Peru where political and economic instability create a good environment for crypto trading fueled by the desire of locals to invest…
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…
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….
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…