A widely followed crypto analyst and trader says he’s bullish on Ethereum challengers Avalanche (AVAX) and Solana (SOL). Pseudonymous trader Cantering Clark tells his 117,000 Twitter followers that he sees AVAX slightly pulling back before continuing its rally. “AVAX clearly looks like a winner. Possible short-term setup or location to add in a fill of …
Monthly archives: March 2022
Law Decoded: Arab States of the Gulf open up to digital asset services, March 14–21
Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to …
Price analysis 3/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
Bitcoin (BTC) and most major altcoins are attempting to start the new week on a positive note by bouncing off their respective support levels. Goldman Sachs became one of the first major banks in the United States to complete an over-the-counter “cash-settled cryptocurrency options trade” with the trading unit of Michael Novogratz’s Galaxy Digital. This …
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RUNE rally: A closer look at THORChain’s new synthetic assets
THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to …
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Terra price signal that preceded an 80% LUNA rally is back
A technical setup that preceded an 80% price rally in the Terra (LUNA) market in August 2021 has appeared again. LUNA paints bullish MACD crossover The technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and …
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JPMorgan Invests In Oakbrook Finance To Enhance Consumer Lending
Consumer lending platform provider Oakbrook Finance has completed a £142 million funding round, with JPMorgan and alternative investment advisors Atalaya Capital Investment leading the list of investors. Oakbrook offers an analytics consumer lending platform and in-house technology that offers support for a multi-product and multi-brand strategy. The additional capital will be used to expand its …
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Mastercard Expands Presence In The BNPL Space By Partnering With Aplazo
Payment network giant Mastercard has announced a collaboration with Mexico’s buy now, pay later (BNPL) firm Aplazo. The partnership will see the introduction of an innovative virtual card solution for the first time across Latin America. The new payment solution will be supported by a BNPL facility. The deal means Aplazo will be able to …
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FTX holds discussions with UK regulators for a license
FTX, one of the largest cryptocurrency exchange platforms, is expanding into the UK market. The exchange is already holding discussions with regulators to dominate the UK market. However, the exchange is cautious in its expansion into the European market. The exchange needs to gain approval from UK’s financial market regulator, the Financial Conduct Authority (FCA). …
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India to classify cryptocurrencies under GST law
The regulatory framework for digital assets in India lacks clarity. The country introduced cryptocurrency taxes in a proposed Union Budget 2022 but noted that this tax did not confirm that cryptocurrencies were legal. Now, the Indian government wants to classify cryptocurrencies as goods and services under the GST law. If this happens, taxes will be …
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Indian Government Could Be Taxing Crypto As Much as 60%
The Indian government is considering classifying crypto under its Goods and Services Tax (GST). If it does, crypto could experience a 28% tax rate similar to casinos, betting, and gambling, on top of its GST and TDS taxes Meanwhile, crypto companies are considering leaving the country because of the tax rate. Reports from local media …
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NFTs Are Playing A Crucial Role In Rebuilding Ukraine
NFTs are playing an important role in raising funds for Ukraine Numerous NFT projects are helping raise money for Ukraine that will be used to provide humanitarian aid to Ukrainian citizens The Ukrainian officials are also planning to launch an NFT collection in near future. Non-Fungible tokens or NFTs have become a saving grace for …
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Salvadoran Chamber of Commerce Reports 14% of Businesses Using Bitcoin Transactions
In addition to digitizing the economy and reducing dependency on US dollars, Bitcoin adoption would also reduce transfer expenses — which currently account for about a quarter of the Central American country’s gross domestic product (GDP) and stimulate investment. A national demonstration of cryptocurrency’s transformational power could occur in El Salvador for the first time. …
Australian Senator proposes Digital Services Act
To protect consumers from malicious attackers in the space, the fresh legislation package will address issues about crypto custody, taxation, and DAO operations. Senator Andrew Bragg of the Australian Liberal Party kicked off the Australia Blockchain Week conference with a surprising legislative proposal that he claims would provide the framework for the country’s new Digital …
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Coinbase Wallet Extends Support for Solana Ecosystem
Coinbase has announced support for the Solana ecosystem on Coinbase Wallet’s desktop extension. As per the blog post of Coinbase, the users can control their SOL (Solana) and SPL (Solana tokens) along with the tokens secured on all of Coinbase Wallet extension’s supported networks like Avalanche, Ethereum, BNB Chain, Polygon, etc. This will also allow …
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Crypto Analyst Says Hidden Signal in Bitcoin Chart Will Push BTC to All-Time Highs As Bears Get Left Behind
A popular crypto strategist says that an overlooked signal in Bitcoin’s longer-term chart is hinting that a new leg of the bull market will take BTC to fresh all-time highs. The pseudonymous trader known as Credible tells his 317,000 Twitter followers that he’s looking at the three-week candles of BTC and sees a divergence between …