After bitcoin started a downside correction below the USD 41,550 support, BTC remained stable above the USD 40,550 level. It is currently (04:06 UTC) rising above USD 42,200 and might attempt a fresh increase above the USD 42,500 resistance zone. Similarly, most major altcoins are showing positive signs. ETH is trading above USD 3,000,…
Read more
Estimates suggest the metaverse project raised 25,000 SOL at its NFT mints, earning between $2 to $4 million. The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision. The project’s founder, Jack Shi, took to the official…
Read more
Investors based in Asia have generally been sellers while those in the US and EU have been buyers for the past two years with only one short exception. The Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in…
Read more
Texas representative Pete Sessions made a simple yet powerful statement that the proliferation of the Bitcoin mining industry could promote energy independence in the country. Republican Congressman Pete Sessions from Texas has come out with a bold statement about the impact Bitcoin mining will have not just on his state but on the United States…
Read more
The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggressively. Off the heels of the first benchmark interest rate increase since 2018, Powell stressed that the Fed will “take the…
Read more
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday…
Read more
Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview of the central bank, Bank Negara Malaysia, and the Securities Commission. Malaysian Ministry Wants NFTs Legalized Malaysia’s Ministry of Communications and Multimedia has proposed legalizing non-fungible tokens (NFTs)…
Read more
Bitcoin’s stint above $40,000 continues as the market ushers in another week of trading. The weekend had been a rollercoaster for investors but prices have since started to level out. With the break above $40,000 last week, faith has gradually returned to the market, causing more people to invest in the digital asset. Amid this…
Read more
Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks…. Read More: Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers Read more »Pay, Trade, Buy…
Read more
The highly anticipated protocol upgrade, combined with a growing partner base and an active grants program, has given life to OCEAN. Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet. One…
Read more
