Day: September 17, 2021

Bitcoin Bulls Keeps Pushing, Why Rally Isn’t Over Yet

Bitcoin price remains well supported above the $47,000 zone against the US Dollar. BTC must clear $48,500 to start a decent increase towards the $50,000 level. Bitcoin corrected lower after it failed to clear the $48,500 resistance zone. The price is still trading above $47,000 and the 100 hourly simple moving average. There was a break above a short-term declining channel with resistance near $47,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue higher towards the $50,000 level if it breaks the…

Korean Finance Minister vows to fight moves to delay the crypto tax code

South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The tax code will levy a 20% tax on income generated by crypto transactions in excess of 2.5 million KRW, or about $2100 USD. International media this week reported that the Democratic Party, which holds a slim majority in South Korea’s National Assembly, intends to pass a bill postponing the crypto…

Treasury plots stablecoin crackdown even as Tether’s dominance wanes

The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed to ensure stablecoin holders can freely convert between their tokens and other assets. The report states the lawmakers hope to mitigate “the most urgent risks” associated with Tether (USDT) and other stable tokens, also emphasizing the threats a “fire-sale run” on crypto assets could wreak for…

ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious – Regulation Bitcoin News

The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine Lagarde shared her view on cryptocurrency, stablecoins, and central bank digital currencies (CBDCs) in an interview with Carlyle Group co-founder David Rubenstein, published Thursday. Lagarde was asked whether “cryptocurrencies are a plus for the global…

Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?

On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract platforms. According to the project’s website, the layer-one protocol capable of surpassing 4,500 transactions per second (TPS) with a time to finality of less than 2 seconds. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $32.10 on Sept. 7, the price of AVAX has rallied 111% to establish a new all-time high…

HERE WE GO Ripple XRP Price Chart and Cryptocurrency Market Review and Discussion LIVE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Visit ** ** and enroll in the Blockchain Backer’s Exit Plan Strategy to Cryptocurrency course for charting tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans, all designed to build a rock solid mindset. Get your own cryptocurrency domain by visiting Unstoppable Domains at My interview with the Unstoppable Domains co-founder: To send me XRP, BTC, ETH, LTC, BCH, or ADA, you can send it to: bcbacker.crypto This is my new “address” and it can receive all…

China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Regulatory noise In this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not to waste too much of your time. Let’s begin.  It wasn’t much, just a warning from the Hebei Provincial government to announce it would put an end to cryptocurrency mining in the…

Elrond eGLD Will Be A Top 10 Cryptocurrency in 2021 Elrond eGLD Big News Updates

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thank you for Watching this video all my social media links are below. I had to change my Telegram group from Public to Private due to some people mistreating my group. But the new link is below join to know everything I do before it gets uploaded to YouTube. DISCLAIMER: I AM NOT A FINANCIAL ADVISOR! ALL MY CLAIMS ARE BASED OFF OF OPINION AND PERSONAL SPECULATION. The Content is for informational purposes only. I am not a financial adviser. All losses…

US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule – Taxes Bitcoin News

A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New Proposal The Committee on Ways and Means, the chief tax-writing committee of the U.S. House of Representatives, proposed to subject cryptocurrencies to the wash sale rule Monday. If adopted, the rules will apply to crypto…