Analysts express mixed views on BTC’s short-term prospects, but most agree that $42,000 is the level to watch. The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $43,000 and awaiting some spark in momentum that can sustain a rally back to the $50,000 range. Data from Cointelegraph…
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Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning…
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Major crypto businesses including FTX, eToro, Crypto.com and Coinbase debuted crypto ads in Super Bowl 2022. Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship and for business, a fair sign of making it in the real world. This year, however, marked a new milestone for the…
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The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification. HM Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, have seized three nonfungible tokens (NFTs) associated with a suspected tax evasion fraud. The tax watchdog claimed it was the first U.K. law…
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The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations. The cryptocurrency industry in the United States is about to score a major legal win as the U.S. Treasury Department plans to spare crypto miners, and other “ancillary parties” from tax reporting rules. In a…
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New findings suggest that adding “crypto” to a dating profile makes you more desirable, but the crypto community expresses concerns with online dating. Cryptocurrency has become one of the most widely discussed topics of 2022. As such, it shouldn’t come as a surprise that mentioning “crypto” in an online dating profile may generate additional attention. …
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INJ books a 100%+ gain shortly after the release of the Injective Bridge v2 and the launch of DEX-based perpetual futures for ATOM. Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place. One DEX…
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Ethereum’s average transaction fees dropped by almost 73.3% just within a month — down to $14.17 from $53.03. The infamous transaction fees of the Ethereum (ETH) ecosystem underwent a decremental phase from Jan. 10 to record the lowest average and median fees of $14.17 and $5.67 — lowest since September 2021. Data from Blockchair shows…
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Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed. Russian Central Bank, Finance Ministry Agree to…
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On February 10, the well-known developer of Cydia and iOS Jailbreak, Jay Freeman, otherwise known as Saurik, published a Twitter thread about a bug he found in the Layer-2 (L2) scaling protocol known as Optimism. According to Freeman, the vulnerability, which has been patched, could have allowed an attacker to create an infinite amount of…
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