Day: June 29, 2022

Liquidate COMPLETELY…? – ETHEREUM TECHNICAL ANALYSIS – PRICE PREDICTION

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ETHEREUM TODAY – ETHEREUM TECHNICAL ANALYSIS – PRICE PREDICTION 5 Steps to Infinite Money Loop Methodology Follow me on Patreon – Follow me on Instagram – ETHEREUM ETH TECHNICAL ANALYSIS TODAY – ETHEREUM PRICE PREDICTION – NO BIAS JUST READING CHARTS #ETHEREUM #ETH #BTC #CARDANO #ADA #DOGECOIN #DOGE #SOLANA #SOL #ALGO #ALGORAND #AVAX #MATIC โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

US govt delays enforcement of crypto broker reporting requirements: Report

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The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting information on certain transactions starting in January 2023, citing people familiar with the matter. The potential delay could reportedly affect billions of dollars related to capital gains taxes โ€” the Biden administrationโ€™s budget for the…

Why the Crypto Unwind Wasnโ€™t Contagious (This Time)

Those choices have, in turn, led to genuine financial contagion within crypto markets, including tragic rugpulls for a number of startups that had funds custodied with 3AC. More to the point, though, 3AC set the market up for a wave of forced sales of bitcoin, ether (ETH) and similar blue-chip assets, threatening not just individual companies but the entire market. Source

Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement

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Bear markets can be incredibly harsh for projects that have little adoption or lack an applicable use case, but projects that dedicate to building regardless of market sentiment tend to succeed in the next market cycle. One project that has seen a noticeable boost in volume, despite the wider-market downtrend is Stratis (STRAX), a blockchain development platform designed to help enterprise businesses establish their own blockchain in a simplified manner. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.365 on June 15, the price…

Nansen Casts Blame for stETH ‘De-Peg’ on Terra

From here, Nansen says many users opted to sell their stETH back for ETH, which had the effect of depressing stETHโ€™s price. Most stETH sellers, according to Nansen, dropped their tokens onto Curve โ€“ a stablecoin-focused decentralized exchange (DEX). โ€œThe net stETH buy/sell during this period reveals that a net cumulative of over 169k stETH were sold on DEXs (primarily on Curve),โ€ Nansen recounted. Source

What This Bitcoin Divergence Could Hint About BTC’s Price

Bitcoin is trending downside on lower timeframes and seems to hint at future losses. The number one crypto by market cap records a 3% loss in the past week, but there is a potential sign of hope for the bulls. Related Reading |ย Why Ethereum Could Trade At $500 If These Conditions Are Met At the time of writing, Bitcoin (BTC) trades at $20,000 with a 1% loss in the last 24 hours. BTC trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview As a pseudonym trader pointed out,…

NYDIG study calculates the value of regulation worldwide in terms of BTC price gains

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The need for regulation is a common theme in discussions about cryptocurrency, and the claim is often taken to be self-evident. Now, financial services company New York Digital Investment Group (NYDIG) has done some number crunching to prove the point. In a new study, NYDIG quantifies the effect of regulation on the price of Bitcoin (BTC) worldwide. NYDIG studied Bitcoin prices at regular intervals following regulatory events affecting digital asset taxation, accounting and payments, as well as decisions on the legality of service providers and the digital assets themselves. The…

Coinbase (COIN) and Riot Blockchain (RIOT) Earnings Recapsโ€ฆ It's Time to BUY!

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Circle Partners With New York Community Bancorp โ€” Bank to Custody USDC Reserves โ€“ Finance Bitcoin News

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Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCBโ€™s subsidiary, New York Community Bank, will become a custodian for the companyโ€™s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with NYCB, the parent company of the U.S. Bank National Association. According to the announcement, NYCBโ€™s subsidiary, New York Community Bank, will custody reserves for Circleโ€™s popular stablecoin usd coin (USDC). USDC is the second largest…