Day: February 11, 2022

India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms – Regulation Bitcoin News

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India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto transactions will be taxed at 30%. Finance Minister Reveals Status of Crypto Policy in India India’s finance minister, Nirmala Sitharaman, clarified on Friday that the government has not made a decision on whether to legalize or ban cryptocurrency. During her Budget speech last week, the finance minister…

Browser-based metaverse Portals aims to remove the need to get a VR headset

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Metaverse startup Portals has raised fresh funds to finance its browser-based metaverse that allows people to enter without virtual reality (VR) equipment. Portals co-founder Adam Gomez told Cointelegraph that a browser-based platform lowers the barrier to enter metaverse for many people. Simply clicking a link would allow users to enter the metaverse or someone else’s space. He added that users shouldn’t have to get a VR headset or a gaming PC to enter or shape the metaverse. Powered by Solana blockchain, Portals metaverse works on a web browser such as…

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. Read more: ▶ Coinbase Website:…

Bitcoin stuck in a tight range as BTC price moving averages prepare key bullish cross

Bitcoin (BTC) hovered above $43,000 on Feb. 11 as volatility waned after a fresh local peak. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Support and resistance zones narrow Data from Cointelegraph Markets Pro and TradingView showed BTC/USD awaiting a trigger to test either support or resistance nearby as Wall Street opened on Feb. 11. The largest cryptocurrency had seen difficult moves for traders after Feb. 10’s U.S. CPI data, this causing pain for longs and shorts alike as 24-hour liquidations topped $200 million across crypto. With the inflation narrative still in…

Shiba Inu Is Getting Ready For Another Big Run – Can It Hit $0.01?

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Shiba Inu has been making a triumphant return to the spotlight in the last few days. During the previous week, it climbed a decent 46%. For the last 24 hours, the price has fallen just 5.62%. Shiba Inu is currently trading at $0.00003079 with a 24-hour trading volume of $1,805,384,970. According to some analysts, Shiba Inu is one of the best buys in cryptocurrency history. Of course, the crypto still has to prove itself. Phenomenal Performance: But Is Shibu Safe? The token is by no means a reliable or safe…

Gen Y can use tokens to get on the property ladder – Cointelegraph Magazine

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The explosive combination of blockchain and physical assets is making a real difference in how young people can access traditionally illiquid, expensive and slow-moving physical assets such as property. Formerly a once or twice in a lifetime purchase for most people, this lucrative investment opportunity is now being democratized so everyone can share in the wealth. This is important because many Millennials and members of Gen Z are effectively locked out of the property marketplace. According to The Intelligence Lab’s October 2021 report, global house prices are rising at the…

Wall Street is marketing Bitcoin for us, Feb. 3–9

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A lot has changed since I first started covering Bitcoin (BTC) in 2012. A market once relegated to the deepest corners of the internet has now spawned a global revolution that has forced corporations and governments to form an opinion on digital assets. Now, Wall Street is chiming in, with analysts at major banks increasingly convinced that crypto is a maturing asset class with long-term potential. That was the general takeaway of a new report from Wells Fargo’s research division. The report’s bullish undertones are truly remarkable when you consider…

Wall Street is marketing Bitcoin for us, Feb. 3-9

A lot has changed since I first started covering Bitcoin (BTC) in 2012. A market once relegated to the deepest corners of the internet has now spawned a global revolution that has forced corporations and governments to form an opinion on digital assets. Now, Wall Street is chiming in, with analysts at major banks increasingly convinced that crypto is a maturing asset class with long-term potential. That was the general takeaway of a new report from Wells Fargo’s research division. The report’s bullish undertones are truly remarkable when you consider…