Crypto news

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Bitcoin cash is attempting a fresh increase from the $102 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $112 and $115 to continue higher in the near term. Bitcoin cash price is climbing above $110 against the US Dollar, similar to bitcoin....

Metamask continues to push for leadership in the cryptocurrency wallet industry, offering new tools that make it easier for its users to purchase crypto. On October 13, Sardine, a financial platform offering instant ACH settlements, confirmed a partnership with ConsenSys to allow Metamask users in the U.S. to purchase cryptocurrencies with their bank accounts from the wallet’s UI. We don’t fox around We make payments faster & safer for MetaMask users 🦊...

South Korean tech giant – Samsung – announced a new security system dubbed ‘Knox Matrix’ that links all user devices together in a private blockchain. The main objective is to enhance the security of a multi-device environment. Essentially, if a single device gets compromised, the others shut it out of the network automatically. “Samsung Knox Matrix will function as a user’s own private blockchain system, wherein your connected devices enhance security through multi-layered...

The lower house of Kazakhstan’s parliament – Mazhilis – reportedly greenlighted new bills that aim to establish appropriate rules in the local crypto sector. They will require miners to create authorized entities, register with the regulators, and continue being subject to taxation. Solving the Problem With ‘Gray Miners’ Despite being a global leader in cryptocurrency mining, Kazakhstan has certain issues with the so-called “gray miners” who conduct their operations without...

The Bitcoin-loving billionaire Michael Saylor has spent months pushing for rule changes surrounding cryptocurrencies and their accounting procedures. On Wednesday, was finally granted his wish.The Financial Accounting Services Board (FASB) has agreed to adopt fair value accounting procedures for digital assets. This will theoretically make assets like Bitcoin more attractive for companies to hold on their balance sheets.  The New Accounting Model As reported by the Wall...

Yassine Elmandjra – analyst at ARK Invest – believes bitcoin’s valuation could skyrocket beyond $1 million per coin in the following years. Earlier in 2022, a research team of the company estimated that the market capitalization of the primary cryptocurrency could reach $28.5 trillion by 2030. Bullish Prediction Despite the Bear Market Bitcoin and the broader cryptocurrency market have seen better days. During the past several months, the leading digital asset has lost a...

When it comes to crypto, FTX head Sam Bankman-Fried has made a real name for himself. He runs one of the biggest, most popular digital currency trading platforms of all time, and only in his early 30s, he’s already a crypto billionaire. Sam Bankman-Fried Is a Crypto Star That’s why he felt it was up to him to bail out a bunch of companies when they were failing throughout this year’s massive bear market. Many companies have gone under, and firms ranging from Voyager...