Ethereum Bears Are Back, Why ETH Could Dive Below $1K

Ethereum extended losses and traded below $1,100 against the US Dollar. ETH could accelerate lower if there is a close below $1,000. Ethereum started a fresh decline below the $1,120 and $1,100 levels. The price is now trading below $1,100 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,115 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,000 level. Ethereum Price Extends Losses Ethereum remained…

BTC, ETH & XRP Market Update | Cryptocurrency Trading | 5-8-21

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Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News

President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev of Kazakhstan has signed a new piece of legislation introducing changes to the nation’s law “On Taxes and Other Mandatory Payments to the Budget” and supplementary law enhancing the implementation of the Tax Code. The…

Why Coinbase is banning slide decks and ‘endless meetings’

Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month. In a July 13 blog post, Coinbase CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure. He suggested that many major firms experiencing rapid growth generally end up becoming complacent…

The NEXT Celsius?! 3AC Declares Bankruptcy…WHO IS NEXT? | Cryptocurrency News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Three Arrows Capital Declares BANKRUPTCY! Which crypto project is next?! Let’s discuss the LATEST cryptocurrency news for bitcoin, ethereum, altcoins, & more! 👋 SLAP THE LIKE BUTTON! 🔴 Bitcoin or Ethereum? | Which One Is Better in 2022 📈 Bitcoin Will See A New All Time High When *This* Happens (SHOCKING) 🎬 Why Spike Lee is BULLISH on Bitcoin and NFTs Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022? What will ethereum be worth in 2030?…

Institutional investor sentiment about ETH improves as Merge approaches

Ethereum prices may have dipped again today, but there are signs that professional investors are warming to the asset as the highly anticipated Merge draws closer. In its digital asset fund flows weekly report, fund manager CoinShares reported that Ethereum-based products saw inflows for the third consecutive week. There was an inflow of $7.6 million for institutional Ethereum funds, whereas those for Bitcoin continued to outflow with a loss of $1.7 million. Referring to the Ethereum funds CoinShares stated: “The inflows suggest a modest turnaround in sentiment, having endured 11…

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Bitcoin Price Could Recover If It Holds This Key Support

Bitcoin extended losses and traded below $19,600 against the US Dollar. BTC could start a recovery wave if it stays above the $19,300 support zone. Bitcoin remained in a bearish zone and settled below the $20,000 level. The price is now trading below the $19,600 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a recovery wave if it stays above the $19,300…

Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies. According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued an order on Tuesday allowing the subpoenas after being told by the counsel for the liquidators that the founders’ whereabouts are unknown and there were fears they could be selling off tens of millions in assets. The counsel, Adam Goldberg, said he didn’t know the current location of…

California regulator investigating crypto interest accounts

The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts. The DFPI stated that it is investigating multiple crypto interest account providers to determine whether they are “violating laws under the Department’s jurisdiction.” In a July 12 note, the DFPI emphasized that crypto-interest account providers “are not governed by the same rules and protections as banks and credit unions” and that some platforms are “preventing customers from withdrawing from and transferring between their accounts.” “The Department warns California…