According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses …
Monthly archives: February 2022
How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli
sponsored The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common mistake that people make is thinking …
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Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange …
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Canadian Police Begin Unfreezing Accounts Tied to Freedom Convoy as Trudeau Revokes Emergencies Act
Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer an emergency, therefore the federal government will be ending the use of the …
Cardano (ADA) Creator Charles Hoskinson Says Ethereum (ETH) Is Doing ‘Impressive Things’ – Here’s Why
Cardano (ADA) creator Charles Hoskinson says there are a lot of things that he admires in rival smart contract platform Ethereum (ETH). In a new YouTube video, Hoskinson says Ethereum’s vibrant ecosystem of scaling solutions such as rollup is something that Cardano can aspire to. “[Ethereum’s layer-2] ecosystem is fascinating, roll-ups in particular. There’s a …
Historical Record Shows Bitcoin May Have Much Further To Fall, Says Analyst Benjamin Cowen
A popular crypto analyst says history shows that top crypto asset Bitcoin (BTC) may fall even more as fear and uncertainty take over the markets. In a new strategy session, Benjamin Cowen says that Bitcoin tends to retrace to its 200-day simple moving average and that another date with that zone is likely in the …
Coinbase Self-Custody App Adds Support to Hardware Wallet With Over Four Million Users
Crypto exchange Coinbase is adding support for the Ledger hardware wallet to its self custody browser app in a bid to provide users with additional security options. Hardware wallets are devices built to store the private keys of crypto wallets offline, making digital assets less susceptible to theft and hacks compared with storing the data …
FTX CEO Sam Bankman-Fried Explains Bitcoin’s Volatility As Fear Grips Global Markets
FTX founder and CEO Sam Bankman-Fried says the recent price volatility of Bitcoin (BTC) is caused by a tug-of-war between two different classes of investors. The billionaire tells his 585,000 Twitter subscribers that the top crypto asset by market cap’s price action can be attributed to a push and pull going on between fundamental investors …
Bitcoin price spike to $39K leads traders to say ‘the panic is over for a few days’
Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours …
CryptoPunks ‘have changed the history of art,’ says panel at Sotheby’s auction
CryptoPunks enthusiasts and hopeful bidders gathered Wednesday night at Sotheby’s auction house in New York City for what turned out to be a non-event after the consignor of 104 CryptoPunks decided to hodl. In the wake of this announcement, however, a live panel discussion on the history of nonfungible tokens (NFTs) and CryptoPunks took place. …
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USDT premiums soar on Ukraine’s Kuna exchange
Against the backdrop of an ongoing Russian invasion, the price of Tether’s USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) ($1.23) on Ukraine’s Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours. During the same period, mid-market rates from …
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High-profile athletes are spending huge amounts on NFTs: Here’s why
Athletes have been known to invest in a range of assets and businesses, but now they’re also getting into cryptocurrency and blockchain. Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 …
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Bitcoin Price Prediction: BTC/USD Rebounds At $34,322
Bitcoin Price Prediction – February 24 The Bitcoin price prediction shows BTC recovering the downside as the cryptocurrency rebounds after touching the $34,322 low. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $40,000, $38,000, $36,000 Support Levels: $32,000, $30,000, $28,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is trading with another loss …
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This Overlooked Metric Says Smart Money Not Betting on Big Bitcoin (BTC) Collapse, According to InvestAnswers
The host of a prominent crypto analysis channel says the “smart money” is betting on the price of Bitcoin (BTC) to improve. In a new YouTube video, the host of InvestAnswers analyzes a chart graphing current option contracts on BTC up to March 25th for his 413,000 subscribers. “The max pain is $42,000, and the …
Nym Technologies Invites Users and Developers to Its Privacy-Enhancing Mixnet Following Record-Breaking CoinList Sale
February 24, 2022 – Neuchâtel, Switzerland More than one million users registered in five days, leading to 51,000 new users able to access the Nym mixnet and run mix nodes. The recent record-setting token sale on CoinList for NYM received $30 million, showing a groundswell in demand for privacy. This token sale, whose registration period …