A managing director at the International Monetary Fund (IMF) reportedly thinks that increased use of cryptocurrencies could be one consequence of the war between Russia and Ukraine. In a new Financial Times (FT) report, IMF first deputy managing director Gita Gopinath says that the wide-ranging international sanctions imposed upon Russia could fragment the existing economic …
Continue reading “Russia-Ukraine War Will Boost the Adoption of Crypto Assets, According to the IMF”
Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021. It’s getting to the point where crypto is becoming …
Continue reading “Indonesia’s cryptocurrency community in 2022: An overview”
SEC publishes a notice saying that companies holding crypto must add the asset class as a liability on balance sheets. The rule will come into effect later this year. The U.S. SEC is currently reviewing the crypto market and will impose more regulation. The United States Securities and Exchange Commission (SEC) has published a notice …
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Over $400 million in the crypto market was liquidated in the past 24 hours. Over $121 million bitcoin and $63 million ethereum was liquidated. The positions could have been lost because of the impact of the EU proposal on unhosted wallets, which was recently passed. The crypto market has seen a quick and large liquidation …
Continue reading “Bitcoin Tumbles Below $45000, Leading to $400M in Crypto Liquidations”
Terra (LUNA) has hit a new all-time high of $115.23 The LUNA Foundation is determined to keep buying Bitcoin Terra’s founder wants to increase LUNA’s Bitcoin reserves to $10 Billion and to be the single largest holder of Bitcoin after Satoshi LUNA and the purchases of the Foundation could ignite a Bitcoin and crypto-wide bull …
Continue reading “Could LUNA Hitting a New ATH Ignite a BTC and Crypto Bull Run?”
Elon Musk has Tweeted a Youtube video that ‘explains everything’ about Dogecoin Elon’s was responding to a Tweet by the Director of Research at Ark Invest, Brett Winton Winton’s tweet featured a conversation in which he was trying to explain Bitcoin to his mum The 2014 Youtube video posted by Elon, summarizes the genesis of …
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Arthur Hayes has predicted that Ethereum could go to $10,000 and Solana to $200 According to Hayes, Ethereum’s rewards in a PoS network makes ETH a bond Stakers on ETH2.0 could see 8 – 11.5% APR Solana has the 2nd highest addresses after Ethereum and the price of SOL will benefit from this Arthur Hayes …
Continue reading “Bitmex’s Hayes: Ethereum Could Rise to $10k and Solana to $200”
Fantom and Gitcoin Grants have announced an incentive program partnership 335M Fantom (FTM) has been dedicated to the incentive program This translates to roughly $490 million Fantom users will determine the reward allocations and FTM will be allocated to the most loved and supported projects The team at Fantom (FTM) has announced a partnership with …
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Maple Finance is a protocol that is becoming a staple for many institutions across crypto. Maple allows accredited institutions such as hedge funds or market makers to access to undercollateralized loans. This is a unique primitive so far in DeFi that allows certain parties to borrow crypto assets without having to initially lend funds. (Add …
Continue reading “Analyzing the data behind the 150% rally of Maple Finance’s (MPL)”
A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets. “Crypto is gambling. It is a form of lottery, a form of horse racing… When you put money in share market you know companies who are behind it but who are behind crypto?” Bihar …
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On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach …
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the …
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NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week. NEAR Protocol (NEAR) NEAR was undoubtedly one of the biggest gainers in crypto markets to start the weekend, as its …
Continue reading “Biggest Movers: Near Surges 22% on Saturday, as SOL, AXS Move Higher”
press release PRESS RELEASE. LeisurePay, a merchant payment solutions provider using blockchain technology and powered by the only wholly black-owned bank in America, announces the debut exchange listing of its LPY token. “Listing with a Top 20 Worldwide exchange in Probit Global, one of the top-ranked exchanges in Bitmart, is a huge and exciting step …
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