Day: December 27, 2022

Market volatility helps one crypto strategy outperform Bitcoin by 246% in 2022

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The word volatility is typically received as a negative by financial circles just the same way the name Lionel Messi is received in Brazilian favelas, yet volatility historically presents some of the greatest opportunities for gains, especially in the crypto markets.  The crypto market experiences much greater price oscillations on average when compared to traditional markets, such as equities, bonds and Treasury bills. In 2021, the benefits of volatility were on full display: Market proxies like the S&P 500 exchange-traded fund trust (SPY) climbed 27%, while Bitcoin (BTC) rose a…

Apple Japan to Pay $98 Million in Back Taxes for Missing Duty-Free Abuses

Notably, iPhones are cheaper in Japan than abroad. As a result, Tokyo authorities suspect vendors trying to take advantage of the country’s duty-free system, purchasing the products and then selling them overseas, turning a profit by bypassing consumption tax.  Apple Inc (NASDAQ: AAPL) unit in Japan has been charged with as much as 13 billion yen ($98 million) in additional taxes for bulk sales of Apple products to foreign tourists and their exemption from the consumption tax. As Nikkei has reported, the Tokyo Regional Taxation Bureau found bulk sales in some…

Shiba Inu Lead Dev Ignites Buzz About New Partnership

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While the Shiba Inu (SHIB) price has been stagnant since mid-November, the latest cryptic news from the meme cryptocurrency’s lead developer could provide fresh fuel for a rally. As the SHIB community observed, Shytoshi Kusama has once again updated his profile. The Shiba Inu lead developer’s status now reads “We Are Not Alone.” In addition, Kusama’s current Twitter location says, “With a new fren…guess who?” The SHIB community is now puzzling over whether the mysterious announcement could have to do with a new partnership or the launch of Shibarium, a…

Russia’s largest bank issued gold-backed digital financial assets

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Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. According to juridical documentation of the issuance, the bank will provide up to…

More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse – Bitcoin News

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For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were withdrawn from a myriad of crypto trading platforms worldwide. $6 Billion in Bitcoin, Over $5 Billion in Ether, and More Than $7 Billion in Stablecoin Assets Were Removed From Centralized Exchanges in 51 Days Since the onset of FTX’s collapse on Nov. 5, 2022, a great number of bitcoin (BTC) and…

🔴LIVE FOMC MEETING! CRYPTO MARKET REACTION! SHIBA INU, BITCOIN, ETHEREUM, & MORE! Crypto News Today!

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Prices of Bitcoin ASIC Miners Drop to Multi-Year Lows

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With the falling Bitcoin price, the miner’s profitability has gone for a toss resulting into major bankruptcies and ultimately pushing the price of ASIC miners to a multi-year low. The year 2022 witnessed some of the harshest crypto winters in the history of the markets. The world’s largest cryptocurrency Bitcoin (BTC) continued its downfall correcting more than 65% year-to-date and is currently trading at $16,800 levels. As the price of Bitcoin has been on a constant decline, it has majorly squeezed the profit margins of Bitcoin miners. On the other…

China’s Baidu Expands Driverless Taxi Operationality in Wuhan

Baidu rolled out its full-driverless robotaxis ride at about the same rate as the other ride-hailing services in August. Chinese multinational technology Baidu has expanded its ride-hailing platform Apollo Go to include a driverless taxi service in Wuhan to operate at night. Before now, the autonomous vehicle startup was designed to function between 9 am and 5 pm in the city. The company has increased its operation time with the latest update. This means that the Baidu driverless taxi service is now available in Wuhan from 7 am to 11…

Argo Blockchain Suspends Trading in US Shares for 24 Hours

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Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse

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After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges.  The Securities and Exchanges Commission (SEC) in the Philippines issued an advisory to the public against using unregistered cryptocurrency exchanges that are operating within the country. Within the warning, the SEC did not directly mention the FTX exchange but said that the warning considers “the recent collapse of a large international cryptocurrency exchange.” Citing the laws within the country, the government agency reiterated that any entity intending to conduct business…