Cryptocurrencies failed to break the 42-day long downtrend after the $1.95 trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally. Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14-21. Such performance was positively…
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Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to…
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The Fed has to take action on inflation, Mike McGlone warns, as German PPI data shows the highest inflation since records began in the 1940s. Source link
Considering the absence of any official announcements, El Salvador’s government seems to have delayed the launch date of the so-called “volcano bonds.” Earlier, Salvadoran Finance Minister Alejandro Zelaya had been reassuring the public that the project would start by March 20. Speaking on a local TV show on Friday, El Salvador’s finance minister once again…
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American investment bank Goldman Sachs continues to expand its cryptocurrency trading expertise by executing its first-ever over-the-counter (OTC) crypto options trade. Goldman Sachs executed its first OTC crypto transaction in collaboration with the trading unit of Michael Novogratz’s cryptocurrency investment management firm Galaxy Digital. According to a joint announcement on Monday, the OTC transaction was in…
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Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual digital asset (VDA) suggest that traders can’t offset their losses from one digital asset against profit on another. As the…
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Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP). A last-minute amendment presented by an ad hoc coalition of social democrats and Greens would have established a de facto ban on proof-of-work…
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A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries. Source link
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion. It all started when Manansala was invited by an acquaintance to join a very popular crypto project in 2017. The project’s team asked him…
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China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations of the rules. Digital collection platform Xihu No.1, one of the…
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