MicroStrategy CEO Michael Saylor is responding to accusations of committing tax evasion by the Attorney General of Washington, D.C. Yesterday, AG Karl A. Racine announced that he’s suing the Bitcoin (BTC) maximalist because he’s lived in Washington, D.C. for over 10 years but has never paid any taxes. Racine also names MicroStrategy as a defendant …
Monthly archives: September 2022
Here’s When Bitcoin (BTC) Historically Finds Its Bottom, According to Top Crypto Analyst
A widely followed crypto analyst says that he’s identified when Bitcoin (BTC) tends to bottom out during bear markets. The pseudonymous trader Rekt Capital tells his 328,000 Twitter followers that BTC is fast approaching its bottom, which is historically inclined to form about a year after its previous bull market peak. “Historically, BTC bear markets …
Former blockchain skeptic David Rubenstein discloses investments in crypto companies
Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States. Speaking with CNBC’S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the …
CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds
The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto. In a joint proposed rule published to the Federal Register on Sept. 1, the SEC and CFTC …
The total crypto market cap continues to crumble as the dollar index hits a 20 year high
From a bearish perspective, there’s a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn’t yet clearly distinguishable, the last couple of weeks have not been positive. Total crypto market cap, …
BTC Risks Fresh Drop as TAMA Experiences Inevitable Growth
The Bitcoin price prediction reveals that BTC is yet to gain strength above the moving averages as the coin moves in sideways. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,000 Bitcoin market cap – $383.2 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD …
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Stablecoin wars heat up as USDC and USDT battle for market share
Since the Terra Luna crisis earlier this year, there has been a shake-up in the stablecoin ecosystem. At the time of its collapse, TerraUSD (UST) had a market cap of just over $18 billion, which was washed away almost overnight. Source: CoinMarketCap Terra’s UST gained market share rapidly between November 2021 and May 2022 before …
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Celsius wants to return $210 million worth of custody assets
Crypto lender Celsius Network, which started Chapter 11 bankruptcy proceedings in July, wants to return customer assets in the custody program and withhold accounts worth around $210 million, the firm said in a Sept. 1 filing. According to the filing, around 15,680 Celsius users hold “Pure Custody Assets” worth approximately $43.87 million as of around …
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Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital …
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Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped …
Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged
On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network’s hashrate has risen a great deal, Ethereum’s hashrate remains relatively unchanged with just over 1,000 TH/s dedicated …
Biggest Movers: SOL Slips Towards Multi-Month Low, as LTC Surges on Thursday
Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session. Solana (SOL) Solana (SOL) was down by …
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Yield App Unveils Higher Yield Passive Income Product
press release PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative. The new crypto passive income product suite has been named Earn+ and comprises stablecoin and …
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CNBC’s Jim Cramer Warns Investors Should Stay Away From Dogecoin, Shiba Inu and Over a Dozen Other Altcoins
CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB). He also cautions against Ethereum (ETH) scaling solutions such …
World’s Biggest NFT Marketplace Says It Will Only Support Proof-of-Stake Version of Ethereum (ETH)
The world’s largest marketplace for non-fungible tokens (NFTs) says it will solely support digital collectibles based on the proof-of-stake (PoS) version of Ethereum (ETH) once the Merge update is complete. OpenSea, the “eBay” of crypto collectibles with over 80 million in NFT selections and $31.3 billion worth of trading volume to date, says that tokens …