The price of XRP, the cryptoasset affiliated with the American fintech firm Ripple, pumped strongly on Friday, before falling back down over the weekend. The moves came after a federal judge had rejected the US Securities and Exchange Commission (SEC)’s move to strike Ripple’s “fair notice” defense in the case. On Monday at 12:34…
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Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and according to a press release issued by the company, it will serve to replace one of the other facilities the company has in the country.…
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Bitcoin price remained supported near the USD 37,500 zone. BTC is moving higher and even surpassed USD 39,000 before correcting lower. It is currently (12:03 PM UTC) trading above USD 38,900, and the bulls might face hurdles near the range resistance at USD 40,000. Similarly, most major altcoins are moving higher in a range.…
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It‘s been two years since BTC/USD crashed to $3,600 and it is trading over ten times higher — but clouds, as ever, are looming large. Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon. In what could turn out to be a crucial week for Bitcoin…
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Japan’s top financial regulator, the Financial Services Agency (FSA), and the Ministry of Finance have told domestic crypto exchanges to suspend all transactions with Russians and Belarusians who have been hit with international sanctions. Per Nikkei and Reuters, Tokyo is moving “in line with the United States and Europe,” in a bid to prevent…
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El Salvador may launch its sovereign bitcoin (BTC) bonds as early as tomorrow – but the war in Ukraine may cause disruption to the plans of the President Nayib Bukele-led government. The 10-year bonds, the government said it hopes, will be worth some USD 1bn, will be backed by taxpayer funds, and will provide…
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Purchasing crypto with fiat or any “unrealized appreciation” is not a taxable event according to Thomas Shea, an EY crypto tax executive. While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer. Thomas Shea, crypto tax leader at EY Financial Services, told Cointelegraph that taxation…
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Musk acknowledged that predominantly scarce assets such as physical property and company stocks help investors maintain their purchasing power against high inflations. As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially…
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The Ukrainian deputy minister of digital transformation, Alex Bornyakov, confirmed that the government will be launching a non-fungible token (NFT) collection, as a historical account of the atrocities currently happening in the country, attacked by Russia. The Guardian has quoted Bornyakov as saying that, The NFT collection would be “like a museum of the…
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Space, the final frontier. The long and exciting journey through vast, dark, deep space with a fleet of your own. The release of the alpha version of the play-to-earn metaverse game DEEPSPACE (DPS) opens up a brand new chapter of the metaverse world for all those who love space exploration, fleet building and formation, and…
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