The Flow network’s FLOW token, which can be used to build NFTs and decentralized applications (dapps) such as games on the Web3 platform, slumped 20% during the past seven days. FLOW’s decline was the second largest during that period among 52 cryptocurrencies with a market cap over $1 billion, according to crypto data and analysis firm Messari. Source
Comprar ether antes de la fusión de Ethereum es un movimiento generalizado, dijo un trader. Source
Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners Have Been Withdrawing From Their Wallets In Recent Days As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have been observing negative change recently, something that could lead to a decline in the price of the crypto. The “miner reserves” is an indicator that measures the total amount of Bitcoin currently present in the wallets of all miners. When the value of this metric…
According to local news outlet Yomiuri, Japan’s Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country’s 2023 tax reform. The proposed change includes removing capital gain liabilities for undisposed corporate crypto assets at the end of each taxation year, as well as changing the classification of virtual assets so the maximum capital gains tax applicable is reduced to 20% from 55%. Under Japan’s current taxation laws, unrealized capital gains on virtual currencies are recognized as income at the end of each…
Coinbase has long been active on Capitol Hill, but turned up the heat on its lobbying efforts earlier this year. In February, the publicly traded exchange filed to form a political action committee (PAC), the Coinbase Innovation PAC. An earlier attempt by Coinbase to form a PAC in 2018 was scuttled after 10 months without raising any money. Source
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The impact of Federal Reserve policy and Bitcoin’s higher timeframe market structure suggest that BTC price is not yet ready for a trend reversal. Bitcoin (BTC) price continues to chop below the $22,000 level and the wider narrative among traders and the mainstream media suggests that a risk-off sentiment is a dominant perspective ahead of this week’s Jackson Hole summit. Over the three-day symposium, the Federal Reserve is expected to clarify its perspective on inflation, interest rate hikes and the overall health of the United States economy. In the meantime,…
The world’s largest stablecoin issuer won’t freeze tainted addresses, for now. Source
Police have closed down at least 16 cryptocurrency exchanges in the Herat province of western Afghanistan in the last week, according to a report in Ariana News, an independent news outlet in that country. The report quotes a local police official as saying arrests had been made during the closures. The closures were carried out in response to a ban on crypto trading that had been in place for about three months, according to the report. It was apparently referring to a ban imposed on online foreign exchange trading by…
There is evidence, however, suggesting SBI Crypto’s operation has slowed since Russia invaded Ukraine, which led to sanctions. Its mining pool hashrate, a measure of computing power spent on the Bitcoin network, has dropped by about one-third since February, according to data from information platform Blockchain.com. Original