Investors focused ‘overwhelmingly’ on bitcoin over other crypto, says BlackRock

BlackRock’s push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. The January launch of bitcoin exchange-traded funds was a huge breakthrough for crypto that may have changed the market forever. That’s largely thanks to the unlikely endorsement of the asset class by the firm: BlackRock first filed for its iShares Bitcoin Trust (IBIT) about seven months before the launch. Since then, the firm filed for an ETF that would track the price of spot ether, the second-largest cryptocurrency by market cap. The…

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

Lawmakers in the European Union parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sep. 13.  Held in Strasbourg, France, the session reportedly saw DAC8 receive overwhelming support in the form of 535 member votes for and just 57 against. The measure received 60 abstentions as well. Heads up: The European Parliament plenary adoption of the #DAC8 is happening today As a reminder: DAC8 is an instrumental legislation designed to further harmonise the…

Ethereum Price Trend Overwhelmingly Negative As Bears Aim $1,500

Ethereum price declined heavily below $1,800 and $1,700 against the US Dollar. ETH could resume its decline and test the $1,500 support zone. Ethereum is gaining bearish momentum below the $1,750 and $1,800 resistance levels. The price is trading below $1,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline and visit the $1,500 support in the near term. Ethereum Price Nosedives Ethereum’s price started…

Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K

Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses towards the $15,000 level or even $14,000. Bitcoin Price Revisit $15,500 Bitcoin…

Twitter’s Shareholders Overwhelmingly Vote for Elon Musk to Take Over the Social Media Platform – Featured Bitcoin News

Twitter’s shareholders have overwhelmingly voted for Tesla CEO Elon Musk to take over the social media platform. “Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement,” the social media giant said. Shareholders Want Elon Musk to Take Over Twitter Twitter Inc. (NYSE: TWTR) announced Tuesday that its stockholders have approved the previously announced $44 billion agreement for Tesla CEO Elon Musk to acquire the social media platform. “Based on a preliminary tabulation of the stockholder vote,” the announcement reads: Approximately 98.6%…

Hololoot Celebrates an Overwhelmingly Successful Public Sale and Decentralized Listing – Press release Bitcoin News

press release PRESS RELEASE. Hololoot is the market-leading AR NFT generator, marketplace and metaverse designed for widespread adoption. Built by AR industry veterans, Hololoot combines the latest developments in 3D modeling with the unique properties of NFTs to produce an app that is simultaneously powerful and easy to use. Their native token HOL, which unlocks the full potential of their platform, was launched recently on three launchpads: Seedify, Synapse and Enjinstarter. These IDOs smashed launchpad records, with First Come, First Served pools filling at an average of under a minute…

Ethereum Trend Overwhelmingly Bullish: Here’s Why ETH Could Rally Past $300

Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area. Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar. The price is likely to accelerate gains towards the $300 level in the near term. There is a short term contracting triangle forming with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is up around 4% and it…

Ethereum Trend Overwhelmingly Bullish: Here’s Why The Bulls Aim $250

Ethereum gains a strong bullish momentum above the $200 resistance against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards $250 in the near term. ETH price climbed higher significantly and settled above $200-$210 high against the US Dollar. The price even broke the $225 resistance and traded to a new 2020 high near $230. There is a key contracting triangle forming with support near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could correct a few points, but the…

Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why

ETH price is gaining bullish momentum above the $132 resistance against the US Dollar. The price is trading above $135 and it recently traded to a new 2020 high. There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate gains above the $140 and $142 resistance levels. Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. ETH price seems to be aiming a clear…