Bitcoin price attempted an upside break above the USD 23,500 resistance zone. BTC struggled to gain momentum and declined below USD 23,000. It is currently (11:40 UTC) trading near USD 22,900 and is down over 2% in a day and is unchanged in a week. Similarly, most major altcoins are also moving lower. ETH failed…
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Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing…. Read More: Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale Read more »Pay, Trade, Buy Bitcoin with Credit Card
After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T. The rise follows three consecutive drops, a streak that began in the second…
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In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges. The defense is based on the assumption that cryptoassets are not securities or commodities, and for this reason, the case…
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Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns…. Read More: USD 6.8B Pension Fund to…
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Warren’s letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.” The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to a…
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The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years. The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that…
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El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022. Tourism in El Salvador has soared in the first half of 2022. Up 82.8% just this year, there were 1.1 million visitors to El Salvador this year, according to government figures.…
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To create a token using TokenMint, no programming knowledge is necessary. The TokenMint platform’s alpha version provides the fundamentals for creating a fungible token. Developing a cryptocurrency token has been a complex task, as it requires advanced blockchain programming skills. Until recently, only blockchain developers with strong coding skills could create a mechanism to mint…
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Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations. The Philippine Securities and Exchanges Commission (SEC) cautioned the public not to invest in the crypto exchange Binance in their response to policy think tank Infrawatch PH’s attempts to woo the SEC to take action against the…
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