Day: January 8, 2023

Mexican CBDC Unlikely to Be Ready by 2024 – Economics Bitcoin News

boss

The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no date set for its launch. Mexican CBDC Launch Date Still Not Determined On Dec. 29, 2021, the Mexican government announced the development of its own digital peso via social media, which would be launched circa…

HedgeUp (HDUP) Dominates the Scene as Litecoin (LTC) Loses Its Luster

Place/Date: – January 8th, 2023 at 11:00 am UTC · 4 min read Source: HedgeUp The international cryptocurrency market is expected to cross $2.73 billion in 2025 while clocking a CAGR of 13.8%, according to a report. The figures reflect the confidence of cryptocurrency users in a market that has left them impressed with unique assets built with blockchain technology. As crypto users open up to the idea of decentralized finance, they are no longer shying away from opting for more digital assets with multiple uses. To that end, HedgeUp…

Ethereum Classic (ETC) Price Balloons To Nearly 30% In Last 7 Days

boss

Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be “exhausted” and unable to sustain a further rally, yielding technical advantage to the bears once again. Moreover, the altcoin’s Bollinger Bands indicate that it is extremely volatile at the moment, making it…

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After Crypto Taxpayers Police and tax officials in Romania have carried out 17 raids in the fall of last year as part of an investigation against persons accused of evading taxation by concealing profits from transactions…

Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens

boss

Shibarium is one of the most anticipated projects, mainly in the Shiba Inu community; most SHIB community members are eager for the launch as it could be enough of a catalyst to pump their SHIB bags.  Latest on the news about the layer two blockchain scaling solution, the developers announced via a short thread on Twitter earlier today that every transaction on the Shibarium network would result in a burn of Shiba Inu (SHIB) token. Shibarium Burn Mechanism To Boost SHIB Price Over Time? Currently, SHIB has a circulating supply…

Wyre imposes up to a 90% withdrawal limit for all users

boss

Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy modification, Wyre users can withdraw up to 90% of their crypto funds as the company explores strategic options to circumvent the prolonged bear market. We are modifying our withdrawal policy. While customers will continue to…

Lido DAO Surges By More Than 55% in Just A Week

boss

Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion. This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts. At press time, according to data from Coingecko, LDO is changing hands at $1.51, increasing its value by 13% during the last 24 hours. Over the previous seven days, the digital token went up by…