Briefly – Bitcoin depicts a strong bounce from the 79% FIB retracement at $40,727, indicating a temporary relief. Ethereum sees its price creeping back beyond the psychological level at $3,000, following Bitcoin’s footsteps. The leading cryptocurrencies have to clear many obstacles to confirm stable uptrends. Bitcoin endured two massive blows – 7 September and the…
The case of Ripple Labs with the US Securities and Exchange Commission (SEC) has become one of the most interesting ones to be taking place in the crypto community in 2021. There was another development in the case recently, which is unfortunately a blow for Ripple. This is because a federal judge denied the request…
Wayne Almeida has finally joined crypto platform Coinsilium with immediate effect as a non-executive director. Almeida first started working in the corporate services and trust sector in Gibraltar. After exiting Gibraltar, he moved on to the fiduciary group, where he joined in 2014. In 2017, he became a director in the group and soon moved…
Wednesday’s bearish moves saw Bitcoin touching the $39,700 low before moving. That comes after negative market sentiment following looming fears about Evergrande’s crisis. Bitcoin displayed accelerate correction on Wednesday’s Asian session after the flagship cryptocurrency plunged beneath $40K, the levels it has not touched since August 6. With such price trends, BTC’s market cap dropped…
Nowadays, the students reportedly have an inclination towards crypto for filling their financial gap with regard to schooling. It is no wonder that the schooling expenses have spiked remarkably upward during many previous years. Presently, all the more, the majority of graduating students have many thousands as debt. However, with the help of the available…
According to the latest research, the electronic waste (e-waste) produced by Bitcoin mining annually is similar to the small IT equipment waste of a region like the Netherlands. The estimates show that miners of the pioneer cryptocurrency produce around 370,000 tonnes of e-waste on an annual basis. This means that the average e-waste per transaction…
Ukrainian tax authorities have been submitted with the annual returns filing from the officials holding public offices, however, does not find the returns having been submitted by the public officials responsibly as the virtual currency ownership disclosures made are found to be doubtful and raise questions. Some of the filers could not even prove the…
Briefly – Indian cryptocurrency enthusiasts have ventured into WhatsApp and Telegram to felicitate their p2p crypto investments. Reports suggest that the platforms account for nearly 60-89% of the transactions in the country. Moreover, sources suggest that the authorities will classify digital coins as commodities, therefore taxing them. As banks restrict cryptocurrency activities, Indians turn to…
After unpredictable actions by top cryptocurrencies on Saturday, Bitcoin returning to $50K would support a broader market breakout. Bitcoin BTC-USD saw its value increase by 2.14% yesterday. That had the flagship crypto reversing Friday’s 1.02% plunge, ending the day near $48,308. However, mixed early sessions on Saturday saw Bitcoin dropping to an intraday low of…
For aiding the country’s economy, Laos Government, legalizes the activities relating to the use of virtual currencies. Also indirectly sends an invitation to crypto miners to come and establish mining farms in the country because while legalizing crypto trading, crypto mining too has been welcomed by the orders of Laos’s Prime Minister, Phankham Viphavanh who…
Unless you have been living under a rock, you might not have noticed Solana dominating the crypto market. As possibly the fastest emerging project, it has managed to stand toe to toe with a variety of big names in the market. Solana Network’s SOL has managed to reach the top ten cryptocurrencies in the market…
With the help of Flexa in developing the system for facilitating crypto payment option, the top bank of El Salvador namely Bancoagricola has announced accepting Bitcoin against payment of debts. The customers of Bancoagricola now have the option to pay Bitcoin at the bank against purchasing of any bank supported financial goods, products as well…
An independent firm namely KLA involved in researching and compilation of business market has concluded a survey in South Africa which shows that approximately 47% of the country’s population over the age of 18 have been owning and possessing virtual assets. However, amongst this 47% people, the majority comprises of those who have invested at…
The recent tax exemption offered by El Salvador’s government is an attempt to further speed up the bitcoin investments in the country. The government in El Salvador is looking to attract foreign investors to invest in the country. That’s why the tax exemption can come in handy. The reports have confirmed that soon the government…
The collaborative project will test common DLT systems that will let organizations resolve cross-border payments utilizing CBDC. Singapore’s, Australia’s, South Africa’s, and Malaysia’s Central banks recently launched a collaborative project to test global payments using CBDC. The Operation Dunbar initiative will test common infrastructure for direct payments among organizations utilizing cryptos issued by different financial…
Briefly- Cardano has seen its price accumulating for more than one month now, suggesting incoming volatility. The current accumulation period appears to resemble the previous one from 18 2020 November to 5 January 2021. Cardano might surge to $8.4 even with a percentage of this fractal. Cardano (ADA) has witnessed its price hovering beyond a…
Genesis Digital Assets is having a great time in business which is evident from the fact that it has been continuously purchasing more and more Bitcoin mining rigs from its long-standing partner from China namely Canaan. Currently, Genesis Digital Assets is in the process of acquiring from Canaan an epic quantity of Bitcoin mining rigs…
Bitcoin witnessed its price rising over $45K once more after a weekend filled with low activity. Keep in mind that the digital asset lost the $50K mark after the flash market crash last week. Bitcoin experienced healthy moves that had investors eye the resistance at $55K. However, the currency struggles to accumulate momentum to rally…
Briefly- The financial regulator in South Korea sets a deadline for crypto exchanges to register as authorized trading platforms. Local cryptocurrency exchanges struggle to meet the financial regulator’s conditions. Crypto traders in the country might witness losses in kimchi tokens worth more than $2.6 billion. South Korea’s FSC (Financial Services Commission) declared another deadline for…
As per the latest reports, Ilgiz Shakirov has been detained by the police in Tatarstan. The sources reveal that it is the republic of Tatarstan, a republic of Russia, whose police authorities have detained Shakirov. Ilgiz Shakirov is known for being a prominent businessman in Kazan, which is the capital city of Tatarstan. The authorities…
