The South African government is tightening its grip on cryptocurrency trading. Tax authorities (SARS) are issuing tax notices and clarifying regulations, likely using AI to identify non-compliant traders. The central bank meanwhile has clarified rules for crypto purchases, allowing individuals limited investment but restricting companies. SARS Using AI to Track Down Tax Dodgers South African…
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Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took hits, with bitcoin ETFs leading the way in outflows. According to data…
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Mastercard has announced the launch of a new crypto debit card in Europe through a partnership with Mercuryo. This innovative card allows users to spend over 40 different cryptocurrencies directly from their self-custodial wallets at more than 100 million merchants across the continent. Mercuryo, a European crypto payments infrastructure provider, aims to simplify the use…
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Data shows three popular Bitcoin momentum indicators recently formed a death cross pattern. Here’s what usually follows this formation. Bitcoin Momentum Indicators Have Seen Bearish Crossovers Recently In a new CryptoQuant Quicktake post, an analyst has discussed the latest trend in three momentum indicators related to Bitcoin. The momentum indicators here refer to combinations of…
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Bitcoin.com, a pioneer in the cryptocurrency space since 2015, announced today that its ecosystem token VERSE will be accepted as a payment method on Jetvoy.com, a cutting-edge travel booking platform. “This integration marks a significant step forward in expanding the utility and adoption of VERSE within the global travel industry,” said Bitcoin.com CEO Corbin Fraser.…
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Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance. ADA price started a recovery wave from the $0.3050 level. The price is trading above $0.320 and the 100-hourly simple moving average. There was a break above a key bearish trend line…
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On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s…
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XRP price is consolidating above the $0.5400 level. The price must clear the $0.5520 and $0.5600 resistance levels to start a recovery wave. XRP price is struggling to gain pace for a move above the $0.5550 zone. The price is now trading below $0.550 and the 100-hourly Simple Moving Average. There is a connecting bearish…
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Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any…
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The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that make investing attractive and profitable, the only ones who can…
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