Cryptocurrency Analysis and News Portal
Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBulls pin hopes on historyData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening
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South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality
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A young couple from India used nonfungible tokens (NFTs) to digitize their love for each other till eternity over the Ethereum (ETH) blockchain. The recently married couple from Pune, India, Shruti Nair and Anil Narasipuram decided to take their court marriage to the next level by hosting a blockchain wedding. According
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South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023.The tax code will levy a 20% tax on income generated by
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The Chinese central bank vows to keep high regulatory pressure on crypto trading in the country. PBoC to Continue Monitoring Crypto Trading The People’s Bank of China recently published the key takeaways of a meeting where the regulators discussed at length the progress on monetary policy in the first half of 2021
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With XRP plunging in value following a wave of exchange delistings and trading suspensions, Ripple Labs issued a statement Tuesday vowing to respond to the United States Securities and Exchange Commission’s allegations against the company. The statement opens with the following message:“The public and press have only heard the story from
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Alexander Kearns, a 20-year-old customer of stock and cryptocurrency trading platform, Robinhood, committed suicide on June 12. This tragedy reportedly occurred after an erroneous negative balance of more than $730,000 appeared in Kearns’ account. This error has prompted the platform to take measures in order to improve the platform’s offering.According
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China continues its crackdown on crypto exchanges.Binance and Bithumb raid rumors cause widespread FUD.Will China’s U-turn on crypto impact the market?The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges.For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into
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Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban.In a statement on Nov. 21, the People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading cryptocurrencies such
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During the 18th collective study of the Political Bureau of the Central Committee, Chinese President Xi Jinping stated the importance of blockchain as a technological breakthrough and pushed for independent innovation of blockchain core technologies. The plan is for China to accelerate the development of blockchain technology, according to a
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