Day: November 8, 2023

Shiba Inu Price Eyes Key Resistance, Poised For November Surge

As November unfolds, the Shiba Inu price action hangs in the balance, with technical analysis revealing a battleground of resistance and support levels that could determine the direction of the meme coin in the coming weeks. However, the bullish indicators are currently strong and could point to a continuation of the rally in the short term. Shiba Inu Price Analysis: Weekly Chart The SHIB/USD weekly chart illustrates a dynamic struggle between bullish and bearish forces. A quadruple bottom pattern, evident at support levels labeled 1, 2, 3, and 4, demonstrates…

How to manage crypto losses on tax returns in the US, UK and Canada

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Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact on tax liability. Whether new to crypto trading or with years of experience, reporting income and paying applicable taxes in compliance with local regulations is essential. To comply with local cryptocurrency taxation laws, crypto holders must stay informed and compliant…

Pay and dump? How businesses accepting crypto payments influence adoption

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Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies. Some crypto communities often focus heavily on growing business adoption, with maps now compiling businesses worldwide that accept different cryptocurrencies as a payment method. But if a business accepts cryptocurrency payments only to dump them on the market, it may undermine the entire effort, as the assets are just being sold back on the market right after payment. Moreover, a business accepting…

2 years after John McAfee’s death, widow Janice is broke and needs answers – Cointelegraph Magazine

Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband. Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona prison more than two years ago, she has remained in Spain in an undisclosed location and has only been saved from homelessness by the kindness of friends. She can’t move on because she still doesn’t know…

Can blockchain solutions disrupt US inflation forecasting?

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So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising.  But measuring inflation isn’t easy. It is as much art as it is science. The world’s number one inflation index, arguably, is the United States Bureau of Labor Statistics (BLS) Consumer Price Index (CPI), which has been around for over 100 years. Not all economists and business leaders are happy with the CPI, however. Its methodology sometimes seems antiquated, and it…

Can Chainlink Reach $20 With Rollup Finance Partnership?

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Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future. Chainlink recently unveiled a strategic collaboration that sent ripples through the cryptocurrency community. The announcement stated, “Rollup Finance will make 3.75% of its total native token supply available to Chainlink service providers, including stakers.”  🏗️ #ChainlinkBUILD 🏗️@Rollup_Finance is joining Chainlink BUILD to…

OPNX gets EU spot crypto trading license in Lithuania

Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph. OPNX trading interface. Source: OPNX The announcement stated that this license would require the exchange to “adhere to the highest standards of compliance and security.” The team claims they have already implemented a “robust” Know Your Customer and Anti-Money Laundering system to ensure they comply with EU regulations. “Securing the VASP license from Lithuanian authorities…