Concerns about possible US regulation add to the anxiety as market sentiment calls for losses, not gains, to shape Bitcoin’s next moves. Market Update Bitcoin (BTC) created resistance at $37,500 on Friday amid growing consensus that a fresh pullback is underway. BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView Sponsorship signal lowers expectations Data from Cointelegraph … Read more
Some OpenSea users heeding OpenSea’s call to call their inactive listings ended up losing their NFTs and funds. News Twitter users reacted negatively to an OpenSea email sent to users who still had inactive lists on their accounts. In the email, OpenSea explained that the old listing of NFTs is still possible and that users … Read more
Cryptocurrency tax reporting was a controversial topic in the US last year when Congress passed the Infrastructure Investment and Jobs Act. News Cryptocurrency portfolio tracker and tax calculator CoinTracker has achieved “unicorn” status after raising $100 million in Series A funding, proving once again that investors is allocating a large amount of capital to crypto-focused … Read more
The Dfinity Foundation’s Internet Computing Blockchain has welcomed its first decentralized exchange called Sonic. News The Dfinity Foundation’s first decentralized exchange on the Internet of Things went live this week, following the recent release of a new official report. And according to information shared with Cointelegraph, there are already two other exchanges operating. The first … Read more
Bitcoin has so far been very sensitive to any decision coming from the Federal Reserve, experiencing massive sell-offs in a positive response to inflation. This has caused many to worry about how Bitcoin will perform in an environment of rate hikes, given the fact that the Federal Reserve is considering four rate hikes by 2022. … Read more
A new report claims that around 70% of respondents are practicing travel rules or planning to complete compliance in Q1/Q2 2022. News A new survey shows that the crypto industry is eager to comply with the so-called Financial Action Task Force (FATF) Travel Rule and appears willing to work with regulators. reason to expedite this … Read more
Russian President Vladimir Putin in a video conference held on January 26, told government officials that Russia has a certain “competitive advantage” in mining cryptocurrencies like Bitcoin. He also added that the government should conduct some discussions on the matter to reach a satisfactory “consensus”. Putin gives hope to Russian crypto investors. Vladimir Putin, while … Read more
A new report by ARK Invest has predicted that the market capitalization of Ethereum in the next eight years could grow to over $20 trillion while the entire crypto market could be worth as much as $50 trillion. Judging by the current growth in utility and efficiency. Ethereum’s Market Cap Reaches $20 Trillion According to … Read more
Reddit is following Twitter to join the NFT team as it explores ways to add an NFT profile picture. News Reddit is testing a non-fungible token (NFT) profile photo on its platform, with the news coming just a week or so after Twitter rolled out a similar feature. The popular social media platform already has … Read more
LUNA has already made headlines with its massive surge in 2021, but it represents something entirely more fundamental to Terra’s stability. News In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem is built with several use cases in mind such as savings, payments, investments, and schools. another opportunity to … Read more