A closely followed crypto strategist and trader says that altcoins look primed for another deep corrective move. Pseudonymous analyst Rekt tells his 329,700 Twitter followers that Bitcoin’s (BTC) inability to take out its immediate resistance at $17,150 does not bode well for the entire crypto market. “New BTC lows could be on the cards, especially …
Yearly archives: 2022
French regulator AMF blacklists only two crypto websites in the whole year
Financial regulators in France continue flagging illicit players on the foreign exchange (forex) and cryptocurrency markets, blacklisting a fresh batch of related websites. The French stock markets regulator, the Autorité des Marchés Financiers (AMF), and the Prudential Supervision and Resolution Authority (ACPR), on Dec. 21, updated a blacklist of websites identified as unauthorized investments in forex …
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DeFi, NFT, blockchain games: Key takeaways from DappRadar’s 2022 review
2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been strewn with plenty of positives for the decentralized application (DApp) ecosystem. DappRadar has released its yearly report on the industry, focusing on challenges faced alongside notable technological achievements and an increasing number of active daily …
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Bitcoin price fails to retake $17K with market ‘not prepared’ for dip
Bitcoin (BTC) divided traders yet again on Dec. 21 as sideways BTC price action split opinion on the future. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,500 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it acted within a tight range just below $17,000. A single brief spike …
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UK includes crypto investments under the Investment Manager Exemption
The transactions of “designated crypto assets” entered into from the tax year 2022 to 2023 onwards will be qualified for the Investment Manager Exemption in the United Kingdom. Certain legislation was announced by the U.K. government back in April and is now executed by the Commissioners for His Majesty’s Revenue and Customs (HMRC). On Dec. …
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Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
Despite reports of the bankruptcy filing, Yahoo Finance data showed that Core Scientific stocks grew by 3% at the close of the trading market on Dec. 20. 2 min read Updated: December 21, 2022 at 11:19 am Cover art/illustration via CryptoSlate Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. …
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Dogecoin continues slide as Musk confirms Twitter CEO resignation
Dogecoin is among one of the worst performers over the last 24-hours after Elon Musk confirmed he will resigned from the role of Twitter CEO. On Dec. 5, DOGE recorded a local high of $0.11172, but mounting sell pressure since then has resulted in 37% losses that bottomed at $0.07003 on Dec. 19. Source: DOGEUSDT …
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Report reveals 12% of BNB Chain and 8% of ETH tokens are scams
Solidus Labs’ 2022 Rug Pull report revealed that 8% of all Ethereum (ETH) tokens and 12% of all BNB Chain tokens are rug pull scams. The report considers data from Jan. 1 to Dec. 1, 2022, and also detected over $11 billion worth of ETH transactions were either directly linked to scam tokens or were …
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Exclusive interview: Algorand interim CEO Sean Ford says “Our time is now”
Taking place in Dubai, the industry’s newly-adopted “crypto-friendly” hub, we discussed Algorand’s technology and achievements, its plans in the middle east, the state of the market in the wake of recent events, and Algorand’s place in it all. Pleasant-natured yet direct, Sean doesn’t mince his words. During his earlier keynote speech, he addressed the elephant …
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Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study
According to a new study, out of the estimated 55.3 million cryptocurrency holders that are spread among 33 African countries, three countries — Nigeria, South Africa, and Kenya — account for approximately 36.14 million or nearly two-thirds of this total. In contrast, the study found that Seychelles, which is home to several cryptocurrency exchanges, has …
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BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay
The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money laundering through the now-defunct coin trading platform. Vinnik’s Defense Appeals for His Release on …
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Buy Gift Cards With Crypto on BuySellVouchers Gift Card Marketplace
press release PRESS RELEASE. The popular online gift card exchange BuySellVouchers now accepts Binance USD (BUSD) as payment. With thousands of customers and sellers worldwide, BuySellVouchers has become one of the most significant gift card marketplaces which accepts crypto payments. To further serve its diverse customer base, BuySellVouchers marketplace continues to add new cryptocurrencies. E-Vouchers …
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HedgeUp Could Become As Popular As Ethereum (ETH) In 5 Years
Ethereum (ETH) is undoubtedly the biggest altcoin and the second-largest cryptocurrency in the crypto ecosystem. This token, ETH, changed the crypto market for the better. […] Go to Source
Crypto Strategist Says BTC Flashing Monster Bullish Signal – Here’s His 2023 Outlook
A popular crypto strategist believes that king crypto Bitcoin (BTC) is gearing up for a massive rally in 2023. The pseudonymous analyst known in the industry as Inmortal tells his 189,800 Twitter followers that Bitcoin is flashing a trend reversal signal on the three-day chart. “Monster divergence on Bitcoin. It’s positive, but it isn’t a …
It’s Time To Return to Crypto’s Roots – Don’t Trust, Verify
HodlX Guest Post Submit Your Post After exchanging heated tweets in a public quarrel with Binance CEO Changpeng Zhao, FTX CEO Sam Bankman-Fried confirmed the crypto industry’s worst fears on November 11, 2022, announcing a Chapter 11 Bankruptcy filing for FTX International, FTX US and Alameda Research. To make matters worse, the estimated $6 billion …
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