Tag: Call

RBI Officials Go All Bearish on Crypto in New Call for Prohibition

India has been indecisive about whether to ban crypto or not, but it comes off as one of the nations that levy up to 28% tax on proceeds from digital currencies and their underlying trading activities. Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) has gone all bearish on crypto assets and has renewed his call for the prohibition of the nascent asset class. According to a report from TechCrunch, Das was addressing a room of banking executives and lawmakers when he pointed out that crypto can…

US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users – Regulation Bitcoin News

boss

Two U.S. senators, including Elizabeth Warren, have introduced a bipartisan bill for the regulation of cryptocurrency. The bill, titled “Digital Asset Anti-Money Laundering Act,” is “the most direct attack on the personal freedom and privacy of cryptocurrency users and developers we’ve yet seen,” according to crypto advocates. Digital Asset Anti-Money Laundering Act of 2022 Launched U.S. Senators Elizabeth Warren (D-MA) and Roger Marshall (R-KS) introduced new legislation to regulate the cryptocurrency sector Wednesday. Their bill, titled “Digital Asset Anti-Money Laundering Act of 2022,” seeks to crack down on money laundering…

Microsoft Offers Sony 10-Year Deal to Share Call of Duty Game with PlayStation

Microsoft has proffered a deal to Sony for COD to be available on PlayStation for 10 years upon completion of the Activision acquisition.  Microsoft (NASDAQ: MSFT) has reportedly offered Sony (TYO: 6758) a provisional 10-year deal regarding Call of Duty’s licensing rights on the PlayStation console. Should Microsoft’s massive Activision deal go through, the American tech giant is willing to make Activision’s Call of Duty available on PlayStation alongside Xbox. According to Microsoft’s President Brad Smith, the deal offered to Sony to share each new Call of Duty release spans 10 years. Furthermore, the Washington-based tech corporation…

Tim Draper Maintains His $250K Price Call for Bitcoin by Mid-2023

For Tim Draper, Bitcoin has a lot of fundamentals that are capable of powering its growth over time. Billionaire investor and Bitcoin (BTC) bull Tim Draper has made a $250,000 price call for the premier digital currency, maintaining his stance on how bright the future of the cryptocurrency is. Draper previously predicted that the price of Bitcoin will top the said amount by the end of this year, however, at the current level of $17,300, the coin is almost 1,400% away from that projected price level. Acknowledging that this year…

Regulators face public ire after FTX collapse, experts call for coordination

boss

2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the barrage of crypto firms imploding. This was mainly due to internal mismanagement and unchecked decision-making process. Among all the ups and downs, one thing has remained clear — retail customers have lost a significant amount of money due to a lack of regulatory oversight. While lawmakers in the United States…

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear?

boss

Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve.  Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin (DOGE) and Ethereum (ETH) are leading the rally with double digits gains in the previous week. As of this writing, Bitcoin is moving sideways between $16,900 and $17,000 and adjacent levels.  BTC’s price moving sideways on the daily chart.…

Kraken’s Jesse Powell Says He’ll Call Out Problems in Crypto, Weighs In on Exchanges Showing Proof of Reserves

boss

Kraken founder and former chief executive Jesse Powell says he’s looking to publicly point out problems in the crypto space, starting with the issue of exchanges sharing their proof of reserves. Following the high-profile collapse of FTX, crypto exchanges have been scrambling to provide evidence of a one-to-one ratio of reserves to investors’ assets in an effort to increase transparency. According to Powell, a proof-of-reserve audit is valid if it comes with proof of client balances and wallet control. “I said I was going to be more assertive with calling…

Matrixport Favors ‘Systematic Bitcoin Call Overwriting’ Strategy for 2023

boss

An example of call overwriting is when an investor owns one bitcoin and sells a call option on it at a strike price that’s higher than the current market price. For example, giving the option buyer the right to purchase the bitcoin at, say $20,000, when the current price is $16,400. If the price tops $20,000 before the option expires, the option buyer has an opportunity to make a profit. Original