A widely followed on-chain analyst says he’s closely monitoring the buying activity of Bitcoin whales as BTC continues to hold above $40,000. In a new Blockware Intelligence newsletter, Will Clemente says a new trend is emerging for Bitcoin whales, or entities holding over 1,000 BTC, as the deep-pocketed crypto investors begin to gobble up BTC …
Monthly archives: February 2022
Here’s What’s Next for Ethereum (ETH) After Reclaiming $3,000: Crypto Analyst Benjamin Cowen
Crypto analyst Benjamin Cowen is outlining what’s in store for Ethereum (ETH) as the leading smart contract platform reclaims $3,000. In a new strategy session, Cowen tells his 707,000 YouTube subscribers that the second largest crypto asset has been trading in a range between $2,000 and $4,000 for almost a year. Considering the length of …
Bitcoin rejected after attacking $42K as trader says BTC price impulse move not ‘done yet’
Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while …
Decentralized autonomous organizations: Tax considerations
A decentralized autonomous organizations (DAO) is an organization that is managed by a computer program powered by blockchain and run by a group of individuals who collectively vote to decide on organizational proposals. Typically, each member’s voting power is determined by their percentage interest in the DAO, which is calculated by dividing the digital assets …
Continue reading “Decentralized autonomous organizations: Tax considerations”
Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’
The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for its player-vs-player (PVP) competition round. In detail, the play-to-earn startup expanded its number of leaderboard slots to …
Digital Dollar Bullish for Bitcoin (BTC)? Grayscale Head Says CBDC Could Create Tailwinds for Crypto
The CEO of digital asset titan Grayscale Investments says that a central bank digital currency (CBDC) can propel Bitcoin (BTC) into further adoption and growth. In a new interview on CNBC’s Squawk Box, Michael Sonnenshein says that a federal-backed digital dollar could serve as a tailwind for investors and businesses to look into crypto. He …
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining …
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities. Government Inclined to Legalize Rather Than Ban Cryptocurrency in …
Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase and the two firms will be dropping exclusive non-fungible tokens (NFTs). Rolling Stone Live 2022 …
One Ethereum Rival Gearing Up for New All-Time Highs As Bitcoin (BTC) Flashes Trend Reversal: Crypto Analyst
A closely followed crypto analyst says he’s bullish on one Ethereum (ETH) competitor and predicts a potential trend reversal for Bitcoin (BTC). Pseudonymous analyst Smart Contracter tells his 204,500 Twitter followers that he’s following the price action of smart contract platform Avalanche (AVAX). The crypto strategist says he believes AVAX is gearing up for a …
US Treasury targets NFTs for potential high-value art money laundering
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations. The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art” suggested that the increasing …
Continue reading “US Treasury targets NFTs for potential high-value art money laundering”
Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one that is struggling to understand …
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further say “the deal is not yet closed.” …
Continue reading “Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club”
Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future …
Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised, “Save gold, silver, and bitcoin.” Robert Kiyosaki’s Warning and Advice Robert …