With recent talks of regulations getting drafted, many crypto enthusiasts are concerned about the possibility of an outright ban on Bitcoin and other cryptocurrencies. Some analysts, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul, have opined that world governments could ban Bitcoin and other cryptos if they threaten their […]
The past seven days have been a significantly bad one for the cryptocurrency market, as Bitcoin (BTC) and almost all altcoins suffered massive declines. The recent bear market has forced the total capitalization of the crypto market to drop below $2 trillion. Bitcoin traded on a sideways pattern between $61 and $63k last Friday before […]
Bitcoin changed little during the weekend and after the last aggressive sell-off. It’s traded at 49,740 being located under broken downside obstacles. The bias is bearish in the short term after escaping from a major Rising Wedge reversal pattern. Still, the current corrective phase could end soon after the rate reaches strong support levels. The […]
Bitcoin (BTC) has refreshed its daily lows after seeing a sharp reversal from the $55k level along with the US stock markets following President Joe Biden’s new tax proposal. The benchmark cryptocurrency is currently trading at the $52k area on most exchanges. Biden intends to increase capital gains tax to 43.4% for Americans with income […]
After several years of opposing cryptocurrencies and even calling it a fraud at some point, behemoth investment bank JP Morgan Chase & Co. has announced that it is hiring developers for Ethereum and blockchain development. The job listing was published on Glassdoor, a renowned US job and recruitment website. The firm noted that it is […]
WeWork has joined the growing list of large companies to begin accepting cryptocurrency payments. The global office-space provider announced that it partnered with Bitpay and Coinbase for “inbound and outbound” transactions. WeWork is a leading provider of workspace and environments for individuals and businesses, from freelancers to Fortune 500 companies. With more than 800 workspaces […]
With the ever-increasing adoption of Bitcoin (BTC) around the world, an inside source claims that the United States government is in the early stages of developing regulatory guidelines for the benchmark cryptocurrency and the cryptocurrency industry at large. One source told Charlie Gasparino, the host of FOX Business, that the impending regulation, led by treasury […]
The Ukrainian parliament, the Verkhovna Rada, has assumed a stiff stance against citizens who do not disclose their cryptocurrency holdings on their tax fillings. The bill, which passed with 283 votes out of 450 members, seeks to criminalize the evasive act and aims at fining or jailing offenders. According to the bill, domestic cryptocurrency investors […]
Bitcoin (BTC) traded through the week on very bullish momentum, as the benchmark cryptocurrency printed new record highs. However, traders woke up to a shocker on Sunday morning with over one million long positions liquidated, as BTC plunged by more than 16%. Weekends are usually less volatile as traders take a break away from the […]
