Day: November 21, 2022

Taking Crypto Back to Nature

As we’ve naturally progressed in the evolution of our collective industry research on complex systems, we’ve seemingly come to consensus that biomimicry is the right way forward. Life, as it turns out, has had an incredible head-start on getting the biological makeup and topologies of natural systems just right. So, to not pretend like we know better, we also have to give credit to the social engineers of our physical systems in the past. Then we may more creatively blend these new technologies with cultures of old, creating something vastly…

US CFTC’s Behnam Will Testify at FTX Hearing in Senate

The Agriculture Committee announced the hearing the same day it published a defense of the Digital Commodities Consumer Protection Act, a bill supported by Bankman-Fried. Industry participants have expressed concern over whether the bill might harm decentralized finance (DeFi) projects, while the committee said Monday that regulated entities under the FTX umbrella were able to weather the exchange’s collapse. Source

Bitcoin Holders Selling At Large Losses, Is Final Capitulation Here?

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On-chain data shows Bitcoin holders have been selling at large losses on the level of previous bottoms, suggesting that the final capitulation for the cycle may be here. Bitcoin 7-Day MA aSOPR Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the BTC market participants may be coming close to surrendering. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether Bitcoin investors are selling their coins at a profit or at a loss right now. When the value…

Kenyan legislation establishes crypto taxation, creates consumer protections

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An amendment was introduced to the Kenyan law in capital markets on Nov. 21 that would require those who own or deal in cryptocurrencies to provide the country’s Capital Markets Authority with information on their activities for tax purposes, local media report. This is the first time Kenya has extended financial regulation to cryptocurrency. Under the Capital Markets (Amendment) Bill, Kenyans would pay capital gains taxes to the Kenyan Revenue Authority when they sell or use digital currencies. Cryptocurrency held for less than a year would be subject to income…

OMG! WHALES BUYING 3 ALTCOINS [I'M EXCITED]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Whale Accumulation for 3 Altcoins!!! + I EXPLAIN *WHY* WHALES ARE BUYING! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch whole video) 0:45 – Coin #1 2:08 – Why are whales Buying Coin #1? 4:04 – Coin #2 (PRICE will DOUBLE in 3 MONTHS?) 6:38 – Coin #3 7:10 – Why are whales Buying Coin #3? 9:10 -Final Thoughts **Note: My overall opinion…