On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13. On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish …
Monthly archives: October 2022
Bitcoin prepares for CPI showdown as BTC price dips below $19K cost basis
BTC price performance declines in line with U.S. equities ahead of classic volatility engendered by CPI data. Bitcoin (BTC) followed analysts’ predictions with sideways action continuing near $19,000 at the Oct. 11 Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed …
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Portugal’s new tax policy suggests a 28% short-term capital gains tax on crypto profits
Portugal is set to impose taxes on cryptocurrency investors. These taxes will be introduced through new rules highlighted in its draft budget. The tax will be imposed on crypto capital gains profits and a wide range of other new taxes. Portugal proposes a 28% short-term capital gains tax According to a report by Bloomberg, the …
Crypto Exchange Bittrex Fined $30 Million For Breaking US Sanctions
Bittrex will be remitting $30 million to the OFAC in its bid to settle the allegations levied by the US watchdog. OFAC had claimed that Bittrex had violated sanctions imposed by the US by engaging with customers from sanctioned jurisdictions. Crypto exchange Bittrex has settled with the US Treasury department over allegations that the firm …
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RabbySwap Wallet Exploiter Address Flagged By Etherscan, Wallet Moves $146,000 In Ether To Tornado Cash
Summary: Etherscan has flagged an address labeled “Rabby Swap Approval Exploiter” following a hack. Rabby Wallet users were advised to revoke RabbySwap access via a tweet on Tuesday. The suspected exploiter’s address held $146,500 in Ether Most of the funds were transferred to Tornado Cash at press time. Ethereum block explorer and analytics platform Etherscan …
Temple DAO hacked for over $2.3M
TempleDAO has taken down the dApp to avoid accidental usage and is offering the hacker a legal bounty for the exploit. 1 min read Updated: October 11, 2022 at 5:30 pm Cover art/illustration via CryptoSlate DeFi protocol Temple DAO lost over $2.3 million on Oct. 11 to a hack first spotted by Twitter user Spreekaway …
Bittrex to pay $30M for sanctions violation
Crypto exchange company Bittrex agreed to pay $30 million for violating federal sanctions set by the U.S. Treasury Department. The settlement was announced by the U.S. Treasury Department’s Office of Foreign Assets (OFAC) and the Financial Crimes Enforcement Network (FinCEN) on Oct. 11. The exchange allowed nearly 1,800 people that resided in sanctioned regions, including …
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Research: What exactly happened in 2021 for Shiba Inu?
Popular meme coin Shiba Inu (SHIB) recorded two all-time highs (ATH) in 2021. Still, the amount of SHIB held in exchanges responded to these highs in opposite directions, according to data from Glassnode. Despite its success throughout 2021, SHIB has been following a downtrend for a year. According to CryptoSlate data, SHIB fell 15.36% in …
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Coffeezilla calls out Celsius founder Alex Mashinsky for dumping CEL tokens
Crypto scam detective Coffeezilla has called out Celsius founder Alex Mashinsky for allegedly dumping over 10,000 CEL tokens, in the early hours of Oct. 11. Alex Mashinsky has been at the receiving end of accusations that his poor leadership and mismanagement contributed to pushing Celsius into bankruptcy. Coffeezilla shared a tweet alleging that Alex Mashinsky …
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BNY Mellon receives New York approval for crypto custodial services
BNY Mellon clients would be able to store the keys to their assets with the bank. 1 min read Updated: October 11, 2022 at 3:46 pm Cover art/illustration via CryptoSlate The oldest bank in the United States, Bank of New York Mellon (BNY Mellon), has received approval to add digital assets custody to its services, …
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Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
Couple mistakenly paid $10.5M by Crypto.com defends spending spree as contest winnings The pair who received $10.5 million by mistake are charged with theft. After buying houses and cars, among other things, $3 million remains unaccounted for. 6 hours ago · 2 min read Go to Source
Liquidations expected as Bitcoin open interest, leverage ratio spike higher
Over the past month, Bitcoin has been trading relatively flat, ranging between $18,400 and $22,800. Against a deteriorating macroeconomic backdrop and an escalation of events in Eastern Europe, some analysts see this as the start of BTC decoupling from legacy markets. Bitcoin Futures Estimated Leverage Ratio The Bitcoin Futures Estimated Leverage Ratio (ELR) metric refers …
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Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% …
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Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday
Ethereum classic remained close to a three-month low in today’s session, as the token continued to extend recent declines. The token is now trading almost 15% lower in the last seven days. Near protocol was also lower, with it also falling to its lowest point since July. Ethereum Classic (ETC) Ethereum classic (ETC) continued to …
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Quik․com Releases Update for Its NFT Domains – Web3 Domains Are Now Minting
sponsored The much-anticipated major update to Quik.com has now been made available to users, bringing them brand-new capabilities like the edit feature and the Quik API, along with more that are scheduled for the upcoming weeks and months. Quik.com is a P2P NFT domain marketplace offering NFT top-level domains running on the blockchain-based protocols ERC-721, …
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