Category: News

UPenn’s Wharton Taps Coinbase to Accept Crypto for Online Blockchain Course

A new online executive education program at the Wharton School of the University of Pennsylvania will accept payment in various cryptocurrencies via Coinbase, including bitcoin, ether and USDC, the school said Thursday. The Ivy League business school is launching the six-week “Economics of Blockchain and Digital Assets” course for “business and technology professionals seeking to learn about blockchain and digital assets through its value-driving principle: economics,” according to a statement. The Philadelphia-based Wharton said it will be the first Ivy League institution or U.S. business school to accept cryptocurrency from…

Dogecoin Hits Two-Month High as Shiba Inu Lags in Crypto Rankings

It’s an intense dogfight in crypto skies as dogecoin (DOGE) and shiba inu (SHIB), two of the most popular meme coins, battle it out for the ninth spot on the list of top digital assets by market capitalization. Some traders are profiting from the action by taking spread trades. DOGE has come alive, having lagged SHIB by a significant margin earlier this month. The joke cryptocurrency surged to $0.335 on Coinbase on Thursday, hitting the highest level since Aug. 20, and was last seen trading near $0.30, representing a 22%…

Slovenia Launches Public Consultations on Crypto Taxation Law – Taxes Bitcoin News

Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations on a draft law regulating cryptocurrency taxation, Slovenian media reported. The legislation is based on proposals made by the Financial Administration of the Republic of Slovenia (FURS), which were announced in August of this year.…

China to Release National Blockchain Standard Next Year, Says Official: Report

China’s technology standardization body will issue a national standard for blockchain next year, said an official from the China Electronics Standardization Institute, according to news site Chuanguan. The institute has drafted a standard and is in the process of approving it, said Li Ming, director of the Blockchain Research Office at the standardization body, at the Fifth China Blockchain Development Competition held in Chengdu, Sichuan. China is looking to boost blockchain innovation and application in enterprise and government across the country, as it clamps down on crypto. Its latest Five-Year…

Wolf snaps up Punk, Disney NFTs, Economist mag cover fetches $422K…

The wolf of nonfungible streets Erstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021. Belfort is known for his dodgy antics while working as a stockbroker on Wall Street, with his story being captured in “The Wolf of Wall Street” film starring Leonardo DiCaprio. The 59-year-old has slammed crypto on multiple occasions, and in 2018 he even compared Bitcoin to the level of fraud that his firm Stratton Oakmont used to engage in before he was indicted…

Ethereum Turns Red, Why ETH’s Recovery Could Be Limited

Ethereum is following a bearish path below $4,100 against the US Dollar. ETH could recover, but upsides might be capped near $4,050 and $4,110. Ethereum extended its decline below the $4,100 and $4,000 support levels. The price is now trading below $4,100 and the 100 hourly simple moving average. There was a break below a crucial ascending channel with support near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a break below $3,900 in the near term. Ethereum…

Cathie Wood’s Ark Invest Scoops Up 2.2M Falling Robinhood Shares

Cathie Wood’s ARK Investment Management picked up a large number of Robinhood (NASDAQ: HOOD) shares on Wednesday, despite the stock platform’s poor crypto revenues earnings. The move came as Robinhood shares fell roughly 8% on Tuesday after the zero-commission trading platform missed badly on revenue expectations. ARKK, an exchange-traded fund that seeks to invest in “disruptive innovation,” saw 1,728,431 shares added to its portfolio with a fund weighting of roughly 0.28%, according to a trade notification on Wednesday. The ARKW fund, which invests primarily in technologies associated with the “next…

US gov attorneys to target individuals and gatekeepers for crypto prosecutions

A group of high-level U.S. government attorneys has oulined their priorities for the enforcement and prosecution of individuals and companies that have committed crypto-related crimes. Enforcement officials from the U.S. Department of Justice (DoJ), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) spoke about the direction their agencies will take at a panel discussion at the American Bar Association’s annual institute on white-collar crime in Miami on Oct. 27. In addition to corporate players, lawmakers are taking a closer look at individuals according to a report of…

Bitcoin Dives Below $60K, Why Bulls Could Struggle In Short-Term

Bitcoin price failed to stay above the $60,000 level against the US Dollar. BTC is consolidating losses and it remains at a risk of more downsides below $58,000. Bitcoin extended its decline below $62,000 and $60,000 support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $60,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more downsides below the $58,000 level in…

Bitcoin Dives Below $60K, Why Bulls Could Struggle In Short-Term

Bitcoin price failed to stay above the $60,000 level against the US Dollar. BTC is consolidating losses and it remains at a risk of more downsides below $58,000. Bitcoin extended its decline below $62,000 and $60,000 support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $60,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more downsides below the $58,000 level in…