Day: May 12, 2022

Crypto-associated stocks hammered as COIN and HOOD drop to record lows

Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined sharply. Bitcoin mining stocks continue bleeding… Mining investors probably wish they had simply bought bitcoin instead at the beginning of 2022, as most bitcoin mining stocks have underperformed bitcoin by a wide margin. pic.twitter.com/anSoUEoUJ1 — Jaran Mellerud (@JMellerud) May 11, 2022 While it may be easy to blame…

Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

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XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that the exchange will initially offer the purchase and sale of cryptocurrencies, but the intention is that the platform will also support other digital assets and investment products based on crypto assets. “The creation of XTAGE represents an important milestone in advancing the digital asset market and our ability…

Bitcoin bounces, but will the rally last?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Sonnenshein, Grayscale CEO, on whether bitcoin’s rally will last. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Mike Khouw. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith…

Bill Miller Sold Some of His Bitcoin to Meet Margin Calls

“The short answer is ‘no,’” said the billionaire investor when asked if he had sold any of his bitcoin. Expanding on that answer, Miller – sporting a baseball cap with a gold bitcoin symbol throughout the interview – did allow that he unloaded some “stuff” in order to satisfy margin calls, noting that when times get tough, one wants to sell very liquid assets. Bitcoin fit the bill. Source

Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

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The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction on the tax requirements for acquiring, trading and selling cryptocurrencies. The key takeaway is that individuals who sell BTC or ETH more than 12 months after acquisition will not be liable for taxes on the sale if they realize a profit. Parliamentary State Secretary Katja Hessel also addressed questions around the long-term staking of cryptocurrencies: “For private individuals, the…

‘If I Dress Like a Disco Ball, Let Me’

Style is about, I think, creating space for other people, and going into the world as your whole self, and being expressive and being unapologetic about it. And I think there are a lot of people in crypto who have great style, whether that’s the way they present themselves physically, or whether that’s the way they act online. And I think it creates space. It creates more room for all sorts of people because they look at that, and they say, “Oh, if there’s room for this person, and if…

Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge

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Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now. Bitcoin Trading Volume Surges To Highest Value Since December As per the latest weekly report from Arcane Research, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume. The “trading volume” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day. When the value of this metric rises, it means the market is becoming more active as investors trade larger…

Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch – Bitcoin News

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At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time of writing, the Terra blockchain has stopped block production since the mid-afternoon Eastern Standard. The team’s Twitter account addressed the public by saying: “The Terra blockchain was officially halted at a block height of 7603700.…

Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

Further, BTC registered a countertrend reversal signal on the daily chart, per the DeMARK indicators. That means selling pressure could wane over the next few days as buyers return from the sidelines. Another daily close above $30,000 would confirm the countertrend signal, although there is a low chance of significant upside from here. Source