Day: February 2, 2022

Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?

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WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week. WRX’s price jumps on India tax news WRX’s price surged nearly 30% to over $1, hitting a three-week high after the Indian government had announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that even contemplated an outright ban on the emerging industry. $WRX – Up on news! https://t.co/Ln504eUZzm pic.twitter.com/zN3pW84DPY — Yo! Crypto ₿ (@YoCrypto) February 1, 2022 In her budget speech on Tuesday, Finance Minister Nirmala Sitharaman said…

Alphabet exploring blockchain technology for flagship services

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Google has started researching blockchain and how it may benefit Web 3.0 technology. According to a Tuesday statement from Sundar Pichai, the CEO of Alphabet — Google’s parent company — the company is exploring integrating blockchain technologies into its flagship products and services. When asked how the firm views Web3, Pichai said there are several “areas of interest” for Alphabet, hinting at augmented reality and exploring how blockchain technology may be utilized to power computing and service layers like YouTube and Google Maps. He said: “Any time there is innovation,…

Bitcoin Flash Crash | Sentiment & Technical Analysis Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Peter Schiff, the notorious Bitcoin skeptic claimed BTC is primed for a feverish plunge if it breaks through critical support. Galaxy Digital boss Mike Novogratz predicted that the Bitcoin price would find support at the $38,000 level. All of this begs the question, where is the new Bitcoin bottom and is it a good time to buy? Guest: Evan Aldo Evan Aldo Youtube Channel ➜ 20% off Evan Aldo Course ➜ ➜ Use code “paulbarron” #BTC #Bitcoin #Crypto ~Bitcoin Flash Crash |…

Silvergate’s Acquisition of Diem’s Assets Positive for Stablecoin Launch, Analysts Say

CryptoX – Cryptocurrency Analysis and News Portal Silvergate Capital’s planned stablecoin could benefit from the distribution and potential partnerships with Diem Association members and other money service providers, Wedbush analysts said in a note following news of the crypto firm’s deal to buy assets of Meta’s Diem. Source The post Silvergate’s Acquisition of Diem’s Assets Positive for Stablecoin Launch, Analysts Say appeared first on CryptoX. CryptoX Portal

US bobsledder feels the Bitcoin rhythm and orange pills his fans

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Olympic bobsledder Johnny Quinn is the latest sports celebrity to swallow the orange pill. In a Twitter thread, he shared his best of Bitcoin (BTC) education while welcoming the Bitcoin class of 2022.  As a Class of 2021 #Bitcoin-er, I would like to unofficially-officially welcome the Class of 2022. Buckle up for a legacy impacting journey. First things first: it is critical that you to develop a proper framework regarding #BTC. Attached is your required reading list. Thread — U.S. Olympian Johnny Quinn (@JohnnyQuinnUSA) February 2, 2022 As well as…

MASSIVE FAIL! BITCOIN & CRYPTO INVESTMENT WARNING!

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Trader Joe's Native Coin Climbs as the DEX Unveils 'Modular Staking'

JOE, the native token of Avalanche-based decentralized exchange (DEX) Trader Joe, is leading a rally in DEX coins after the protocol announced modular staking – a system gives token owners three independent ways of staking their holding. Messari data show the JOE token has advanced 58% in the past seven days, outperforming DEX giants like UNI, CAKE and CRV by a significant margin. The cryptocurrency was changing hands near $1.4 at press time, representing a 2% drop on a 24-hour basis. “The token has been drawing demand probably due to…

Japan's Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report

The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator, has allowed the association to run the…