Bitcoin (BTC) headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price climbs despite conservative Fed view Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $28,500 on Bitstamp. The latest in a succession…
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The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies. In separate letters to U.K. Economic Secretary Andrew Griffith and members of the Financial Conduct Authority and Payment Systems Regulator dated March 21, CryptoUK said many banks…
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The United States Internal Revenue Service said it plans to release guidance on having nonfungible tokens, or NFTs, treated as collectibles under the U.S. tax code. In a March 21 notice, the IRS called for feedback from the U.S. public on how NFTs could be taxed as collectibles. According to the government body, collectibles under…
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With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle. The…
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Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves. The advanced data analysis tools at Cointelegraph Markets Pro used three alert systems to highlight these coins. Newsquakes™, which inform traders of potentially price-moving news alerts in real time,…
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In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The Tokyo-based company was responsible for more than 70% of all Bitcoin transactions in 2013. However, by early 2014, it had collapsed spectacularly, leaving investors and traders with losses amounting to hundreds of millions of…
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So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth. Source link
Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse. The Australian Prudential Regulation Authority (APRA) has started requesting banks to declare their exposures to startups and crypto-related companies, the Australian Financial Review reported on March 21. The regulator has ordered banks…
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Of the 4,593 days of Bitcoin’s existence as a tradable asset, BTC hodlers experienced 4,065 profitable days — challenging the historical narrative of depreciating volatility in crypto. As a result, holding Bitcoin (BTC) is provably profitable in the long run. Bitcoin’s historical price performance confirms that a hard limit on total supply and seamless global…
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United States-based crypto exchange Coinbase decided to communicate proactively on the topic of crypto staking, which had recently gained regulators’ attention. In its petition to the Securities and Exchange Commission (SEC), the company explains why staking can’t be universally labeled as securities. The Petition for Rulemaking was published by Coinbase on March 20. In an…
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