Day: February 5, 2022

Does the IMF have a hidden script for El Salvador’s Bitcoin play?

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On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the Central American country has done “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund wrote. Why did the IMF ask El Salvador to effectively pull the plug on its cryptocurrency experiment? Surely this small country — ranked 104th globally in gross domestic product (GDP) — is no threat to the international bank’s balance…

Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

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Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. Ethereum price back above key trendline ETH price rising above its 50-week exponential moving average (50-week EMA; the red wave in the chart below) means the price also inched above $3,000, a psychological support level that may serve as the ground for Ether’s next leg up. ETH/USD weekly price chart. Source: TradingView The 50-week EMA was instrumental in maintaining Ether’s bullish bias across 2020 and…

Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting – Regulation Bitcoin News

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India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic affairs secretary, Ajay Seth, reportedly shared the progress of cryptocurrency legislation in India in an interview with PTI, published Friday. A cryptocurrency bill was listed to be considered in the Winter session of parliament but it was not…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io @Techie Home #bitcoinmining #bitcoinearn #cbclickapp #bestminingapp #newbitcoinearning Bitcoin Mining App For Android 🤑 | CB Click Bitcoin Earning App | Best Mining App For Android 2021 🎁 In this video we are talking about CB click app. These app is help you to earn & mine free bitcoin with your smartphone. CB click app are work as a shorter link app so please watch this video till the end and mine free BTC with your smartphone. Cryptotab Browser: 1- CoinDCX App &…

Ethereum Moves Past $3,000 to Start the Weekend  – Bitcoin News

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Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark. Bitcoin Cryptocurrencies were higher to start the weekend, as markets appear to have moved past recent bearish sentiment. The world’s largest cryptocurrency bitcoin (BTC), became even more valuable on Saturday, as it broke out of its $40,000 resistance level. BTC/USD hit an intraday high of $41,729.43 during Saturday’s session, as markets continue to react to yesterday’s Non-farm payrolls report. The…

Gofundme Shuts Down Truckers’ Freedom Convoy Fundraiser, Move Highlights the Importance of Crypto Crowdfunding – Bitcoin News

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This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa. The Freedom Convoy has received worldwide support and millions of dollars were raised using Gofundme to help fund the protest. However, the crowdfunding platform decided to halt the fundraise and reimburse the donors who sent money. The decision has caused a massive uproar as Gofundme’s decision has exposed the vulnerabilities of centralized crowdfunding applications. Trucker’s Vaccine Mandate Protest Raises $9 Million, Gofundme Shuts Down the Fundraiser and…

Is proposed SEC rule with no mention of crypto a threat to DeFi?

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On Jan. 26, the United States Securities and Exchange Commission proposed amendments to Rule 3b-16 under the Exchange Act that lacks any mention of digital assets or decentralized finance, which could adversely affect platforms that facilitate crypto transactions. Some cryptocurrency advocates — including SEC Commissioner Hester Peirce — believe that the commission’s extended definition of an exchange could thrust an entire class of crypto entities under the regulator’s jurisdiction, subjecting them to additional registration and reporting burdens. How real is the threat? The proposed change The amendments proposed by the…

3 things every NFT investor should know to avoid a tax nightmare

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2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume. The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x opportunity. However, it’s important for the NFT investor of today to keep tax implications in mind. Otherwise, they risk repeating the mistakes of the past.…

Nervos Launches BSC Force Bridge! BIG NEWS For Entire Crypto Market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thank you Nervos for sponsoring this video and for our collaboration. CKB / BSC force bridge – Forcebridge : Blog : YokaiSwap : Ongoing IOHK x Nervos research partnership and Cardano bridge (in progress) Intro 00:00 Blockchains coming together 00:40 Nervos news – Binance smart chain 1:15 Beyond interoperability 2:10 Ethereum Nervos force bridge 2:45 Why this is important for crypto ecosystem 3:25 YokaiSwap 4:15 Nervos Cardano force bridge 5:50 Meld and SundaeSwap 6:00 Nervos connecting the dots 7:00 CKB on the…

African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates – Emerging Markets Bitcoin News

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An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications. Facilitating Crypto Adoption Nestcoin, a Nigerian startup that plans to operate and invest in Web3 applications, recently announced it had raised $6.45 million in pre-seed. Leading the funding round were venture capital firms, Distributed Global and Alter Global. Also participating in the funding…