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Day: April 22, 2022
Retail Interest in Bitcoin is Dwindling, Google Data Suggests
“Bitcoin has risen in price several times, with its investment threshold becoming higher for new users,” explained Johnny Lyu, CEO of KuCoin, in a Telegram message. “But many new cryptocurrencies known as altcoins have appeared since, which, according to users, can be more attractive as investments.” Original
Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps
Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.” Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month. James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year. Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated…
Crypto Taxes Fall Under EU Lawmakers' Gaze
CryptoX – Cryptocurrency Analysis and News Portal Some worry sharing information about foreign crypto holdings is unjustified snooping – but lawmakers also reckon blockchain technology could aid tax collection. Original Source The post Crypto Taxes Fall Under EU Lawmakers' Gaze appeared first on CryptoX. CryptoX Portal
Where Are We In The Market? Cryptocurrency Market Update November 2021 | Token Metrics AMA
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Cryptocurrency #Crypto #Investing Where are we in the market? Cryptocurrency market update November 2021. Sign up for Token Metrics at Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Be sure to subscribe and like the video to let us know you like the content! 📌 Podcast: 📌 Blog: 📌 Forum: Follow us on social media below: 📌 Telegram Alerts Channel: 📌 Telegram…
STEPN to new highs? GMT price painting first ‘bull flag’ toward $5 target
STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the “bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of it to the upside. That is precisely because traditional analysts consider strong run-ups, followed…
Binance Recovers $5.8M Linked to Axie Infinity Hack
The funds were spread over 86 accounts, Binance’s founder confirmed. Source
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Binance Limits Services to Russian Users to Comply With EU Sanctions – Exchanges Bitcoin News
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading cryptocurrency exchange, is restricting services for Russian nationals or natural persons residing in Russia and legal entities established in the Russian Federation that have crypto assets exceeding €10,000 ($10,800) in value. The move is in…
Russia’s Cryptocurrency Sector Not Sanction-Proof
Latest round of Western sanctions against Russia target its US$124 billion cryptocurrency sector. Centralized exchanges like Binance announce that they will start to crack down on the cryptocurrency loophole that Russians may have been using to evade Western sanctions while Washington targets Russia’s lucrative cryptocurrency mining sector. Soon after Russia invaded Ukraine, the world was shocked by how quickly Western allies came together with a debilitating package of sanctions on Russia above and beyond anything that the world had ever seen before. Overnight, Russia was denied access to its sizeable…