Day: April 21, 2022

Bitcoin LTHs Hold Significantly More Loss Now Compared To May-July 2021

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Data shows Bitcoin long-term holders hold significantly more supply in loss right now compared to May-July of 2021. 15% Of Bitcoin Long-Term Holder Supply Is In Loss Right Now As per the latest weekly report from Glassnode, around 30% of the total BTC supply is being held at a loss at the moment. The “long-term holder supply” is the part of the total Bitcoin supply that hasn’t shown any movement since more than at least 155 days ago. The other part of the supply belongs to the “short-term holders.” This…

The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation the Bahamas may soon be able to ues digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes. In a white paper released on Wednesday on the future of digital assets, the Bahamas’ Office of the Prime Minister said the government will begin to “enable payment of taxes using digital assets” by working with the country’s central bank as well as the private sector. In addition, the government plans to work on giving citizens access to crypto with the…

Here’s Why Floyd Mayweather is Selling Tickets as NFTs

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The adoption of NFTs is so massive that legends such as Floyd Mayweather are participating in events where fans must  buy NFTs in order to attend. Dubai is hosting the world’s first NFT pay-per-view event that features Floyd Mayweather and Anderson Silva as part of The Global Titans Fight Series. Floyd Mayweather is the undefeated boxing fighter that is also a prominent advocate of blockchain technology and NFTs, with his own NFT collection available on https://floydnft.com/. The legend will be participating in an exciting and thrilling match with Don Moore.…

Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD – Bitcoin News

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On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for the $10 [billion] worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve.” Tron to Launch a Native Stablecoin Called USDD Justin Sun from the Tron network has revealed a new stablecoin issued on top of the blockchain Tron. The announcement was also published on hejustinsun.com in a blog post called…

Major exchange listings spark a 40% rally in Steem, TrustSwap and 0x

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Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout. A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Steem (STEEM),…

Australian prudential regulator releases roadmap for cryptocurrency policy

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The Australian Prudential Regulation Authority, or APRA, published a letter to regulated entities Thursday setting out risk management expectations and a policy roadmap for the regulation of crypto-assets through 2025. “While activities associated with crypto assets are still relatively limited in Australia, the potential scale and risks of such activities could become significant over time,” chairman Wayne Byres said in the letter. The letter instructed the regulated entities undertaking activities with crypto assets to engage with their supervisory agencies, and it outlined risk management measures and standards specific to a…