Crypto news

Weeks after the failure of a series of US banks as well as the Credit Suisse chaos, the crypto market has considerably recovered but the same cannot be said for a prominent stablecoin that has served as a backbone for DeFi trades – USDC. The confidence in Circle-backed stablecoin remains severely battered as investors continue to flee to Tether (USDT), the controversial stablecoin, in search of a safety net amidst the turmoil. USDC Outflow USDC’s market cap was down by over...

With the declining trading volumes during the weekend, bitcoin has stalled but remained north of $28,000. Most larger-cap altcoins are in a similar position, aside from Dogecoin and Shiba Inu. HBAR is also well in the green. BTC Settles Above $28K The massive volatility that bitcoin faced last week saw the asset dumping from over $28,000 to $26,500 in hours on Monday when the US CFTC went after Binance. However, that was just the start of the rollercoaster week that drove BTC...

Indian tax authorities collected Rs 158 crore (approx. $19 million) in TDS on the transfer of virtual digital assets (VDA) till March 20, Minister of State for Finance Pankaj Chaudhary told the Parliament on Tuesday.  Given that the financial year ended on March 31, it can be taken as the final figure for the entire 2022-23 fiscal. 1% TDS at $125 Threshold  The Indian government brought crypto transactions under a new tax regime through the budget for 2022-23. It provided for...

Flybondi – a low-cost airline in Argentina – became the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs). The initiative, dubbed Ticket 3.0, is already available for clients willing to fly to domestic destinations. Eliminating the Usual Restrictions The company announced on its website that each purchased ticket will be issued as an NFT on the Algorand blockchain. The integration is an expansion of Flybondi’s existing partnership with...

Bitcoin’s price has been stuck in a tight static range between $25K and $30K, consolidating without a clear direction. It must break out of this critical range to determine its future direction. Technical Analysis By Shayan Daily Chart Bitcoin’s price has formed an ascending channel on the daily timeframe and is attempting to surpass the upper trendline. However, the channel’s upper boundary roughly aligns with the major resistance region of $30K, creating a robust barrier in...

ChatGPT has created waves across the world since its launch in November 2022. The famous AI app developed by the organization called OpenAI made news for scarily accurate answers, proving its viability in the digital asset space. It has also elicited some sharp opinions. The top AI figures in the world, such as Elon Musk, Steve Wozniak, and Andrew Yang, for one, have reportedly signed an open letter seeking to halt the development of AI systems. These systems in question are...

Bitcoin shot up again in early March, and investors have been given another hopeful boost. Bitcoin Hikes Its Price Up a Bit in Early March The currency experienced a bit of dip towards the end of February. The world’s number one digital asset by market cap had shot up to a six-month high of about $25,000 per unit during the midway point of the month, though just a few weeks later, the asset had fallen to about $23,000, roughly $2,000 less than where it had been shortly...

The NFT sector appears to be clawing back as the sentiment around the broader crypto market recovers. The emergence of new players and changing dynamics have resulted in a rapid evolution of the non-fungible token space. Despite a frantic start, NFTs had a strong Q1 2023. NFT Market Recap: Q1 2023 According to a report by DappRadar, the NFT market has had an impressive start to the year. In fact, Q1 2023 turned out to be the best quarter since Q2 2022. While NFT trading...

A “grandma” (rather an old woman that is old enough to be a grandma) was recently featured in a crypto-related Reddit video. The story of the video is that the woman – who runs a vegetable kiosk – made her first bitcoin sale, and she couldn’t be more pleased about it. A Woman Begins Accepting BTC for Her Vegetables The clip is proof that it doesn’t matter how old you are. Whether you’re in your 20s, 30s, or your early 90s, you’re never too young or too elderly to...

Bitcoin’s long entrenchment under $24,000 provided ample opportunity for smaller holders to increase their position sizes, on-chain data shows.  Nearly 1 million Bitcoin addresses now hold over 1 BTC, much of which was accumulated between 2021 and 2023.  The Rise of BTC Shrimps According to on-chain data provided by LookIntoBitcoin, there are 991,670 Bitcoin addresses holding over 1 BTC as of March 29 – a number that has risen consistently since Bitcoin’s inception as more...