Crypto news

The latest figures show that the first eleven months of 2022 have seen the installation of 6,100 new crypto automated teller machines (ATMs). The temps have significantly slowed down due to the ongoing bear market. In comparison, over 20,300 crypto ATMs popped up in 2021 (when bitcoin and many altcoins charted their all-time high prices). Change of Trends The skyrocketing prices of most digital assets last year and the huge investor interest have prompted the planting of...

Over a year after the first Bitcoin futures ETF went live in the States, Bitwise has filed to launch its own such product. This comes despite the ongoing bear market, which has seen prices decline and investor interest evaporate. Citing a filing with the US regulators, the Bloomberg report informed that Bitwise’s product would be called Bitcoin Strategy Optimum Yield ETF, under the ticker BITC. Similar to the previously approved ETFs in the US, this one would not hold the...

Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding Crypto Not long ago, Australia announced that for tax purposes, it would continue to treat digital currencies as physical assets rather than foreign currency. The government of Australia is now set to introduce full legislation cementing the decision. What does this mean?...

Ripple is on the verge of closing its second green weekly candle. However, there is a horizontal obstacle on the way to higher levels, which will be discussed further below. Technical Analysis By Grizzly The Daily Chart: XRP managed to recapture the 200-day moving average line (in white) on the daily chart after struggling since mid-November. Technically, this pattern denotes a positive psychological momentum in the market.Although the bullish sentiment is observable on the...

At just about any boozed-up weekend gathering, you’re almost guaranteed to hear the retort “Life is stranger than fiction” after any strange story. Although this little witticism is often overused, the FTX saga is one of the few times the use of the phrase would be completely accurate. Approached By Insiders Earlier this month, Variety reported that Hollywood execs had already taken an interest in the FTX story, seeking a spiritual successor to similar films covering the...

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Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...

Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back in March of this year, Kraken said that it was going to be one of the few digital currency exchanges that would not comply with present U.S. sanctions, and it wouldn’t...

The 2nd edition of Web3 Delight took place in Abu Dhabi on the 15th of November, During the Formula 1 and FinTech week. This hybrid event attracted over 3,000++ in-person and online participants from over 40 countries worldwide. Web3 Delight Abu Dhabi was designed around Web3 value chain, in other words, the critical question addressed was, ‘What does it take to generate value at each stage of the Web3 value chain?!’ This fusion of the Web3 world brought together Crypto,...

The cryptocurrency company EGT (which stands for Elon GOAT Token) built an interesting monument of Elon Musk. The statue represents a creature with a goat’s body and the entrepreneur’s head stuck on it that is about to shoot into space on a rocket. The firm plans to deliver the item to Musk’s home in Austin, Texas, on November 26 and invited people to attend the claim of this “historical gift.” Musk Put on a Pedestal Twitter’s new owner and the world’s richest man – Elon Musk...