Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China “last hammer” could now provide optimism on BTC Hours before the yearly close, BTC/USD dived $2,000 to lows of …
Yearly archives: 2022
Ether drops below $3,800, but traders are unwilling to short at current levels
Even though Ether (ETH) reached a $4,870 all-time high on Nov. 10, bulls have little reason to celebrate. The 290% gains year-to-date have been overshadowed by Dec.’s 18% price drop. Still, Ethereum’s network value locked in smart contracts (TVL) increased nine-fold to $155 billion. Looking at the past couple of months’ price performance chart doesn’t …
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ASMR crypto art will stir up the NFT market–while calming you down, xtingles founder explains
While “utility” became one of the most common topics in the NFT space, chased by artists and entrepreneurs as the magic ingredient for success, Andrew Fai started a platform that is bringing audio-visual Autonomous Sensory Meridian Response (ASMR) art on the blockchain. Foreseeing a strong market demand for a therapeutic sound and visual NFTs, Fai …
Gold Bug Peter Schiff Claims Bitcoin’s Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year
Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those …
Mexico Announces It Will Issue Its Own Digital Coin by 2024
The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico …
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Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm
The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock Exchange the first bourse where cryptocurrencies and stocks could be traded with cryptocurrencies. Regulators are currently reviewing this …
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Top Crypto Trader Predicts 84,407% Price Explosion for Little-Known Altcoin Built on Ethereum
A long-time crypto trader known as Flood is showing support for an altcoin that helps bridge the gap between different types of blockchain projects. Flood tells his 194,400 Twitter followers that there are several reasons why he thinks trustless automated market maker Synapse (SYN) has the potential to make insane gains over the next two …
Bitcoin’s $6.1 billion options expiry was not enough to break the bearish sentiment
Bitcoin’s (BTC) price has been ranging between $46,000 and $52,000 for 26 days. Despite the large nominal $6.1 billion year-end options expiry, the bullish and bearish instruments were evenly balanced between $44,000 and $49,000. Therefore, it was no surprise that the $47,175 price at 8:00 am UTC on Dec. 31 brought little change to the …
NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage
Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and heritage. As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via …
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Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck Below $48k as Bitcoin Risks Further Selling
BTC/USD Fluctuates Above $46 Support as Bitcoin Risks Further Selling- December 31, 2021 In the last 24 hours, buyers have pushed the crypto to the high of $48,650 as Bitcoin risks further selling. The crypto dropped sharply to the low of $45,695 as bulls bought the dips. Bitcoin’s upward move has been restricted below the …
Indian taxman recovers $6.62M from WazirX for evading tax on commission
Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment. Government officials from the Central GST and Central Excise committee (CGST …
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How a coastal town on the Portuguese Riviera modeled a coin for the post-pandemic economy
Cascais, a municipality in the Lisbon District of Portugal, is preparing to launch an innovative cryptocurrency, developed for boosting the local economy while incentivizing sustainable behavior, Diário de Notícias reported. Dubbed Cashcais, the coin is poised to drive a circular model of production and consumption–changing socio-economic ways of doing things in the coastal resort town. …
South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start …
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.” Malaysian Authorities Shut Down Bitcoin Mining …
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Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. …