Crypto news

The authorities of the Mendoza province reportedly enabled citizens to pay government fees and taxes in cryptocurrencies. The region’s tax administration described the move as “the strategic objective of modernization and innovation,” which could give “taxpayers different means to comply with their tax obligations.” Contrary to Mendoza’s pro-crypto stance, Argentina’s central bank is not so much in favor of the industry. Earlier this year, it banned domestic financial...

Is Ethereum about to overtake bitcoin? Ethereum Is Getting Much Bigger This was the question on several analysts’ minds as the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin announced a few weeks ago that it was getting closer to its long-sought merge. The process will involve Ethereum transforming into Ethereum 2.0. The network is switching from a proof of work (PoW) module to proof of stake (PoS). This will allegedly make...

Brian Brooks – Chief Executive Officer of the crypto infrastructure provider Bitfury – thinks the Federal Reserve’s approach to tackling inflation is one reason for the current downturn. He also criticized the US Securities and Exchange Commission (SEC), claiming that it prefers to sue individuals and companies rather than outline appropriate guidelines beforehand. Inflation has been an issue for numerous countries for a while now. Leading economies like the USA, the UK, and...

SDX Web3 Services, the newly launched business unit from SIX Digital Exchange, is now live with its non-custodial Ethereum staking service. This service enables reliable and secure management of Ethereum validator nodes through a fully managed, API based infrastructure. Richtig gelesen, die Schweizer SIX Digital Exchange bietet Ethereum-Staking an. Jedenfalls in Zukunft, denn so steht es in der aktuellen Pressemitteilung der SDX Web3 Services....

Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit, believes that real use cases of crypto are yet to unravel while most of the existing assets are “junk” with only a few exceptions. Speaking at the Monetary Authority of Singapore’s (MAS) Green Shoots seminar on Monday, Farooq said that the regulation has also not caught up with the burgeoning sector, thereby obstructing the foray of several many traditional financial institutions. “Most of crypto is still...

[PRESS RELEASE – Please Read Disclaimer] Although NFTs were not invented in 2021, they really blossomed that year and became a global phenomenon. While their adoption skyrocketed, it didn’t take long for the innovative digital artworks to be integrated into the rapidly growing gaming industry. The popular Web 3 development studio – Emergent Games – has also decided to tap the NFT realm by launching a range of 1,000 limited edition Genesis 0 Cryotag non-fungible tokens for the...

The past 24 hours took a turn for the better as, the broader cryptocurrency market added over $50 billion to its total capitalization and reclaimed the coveted $1 trillion level. This comes on the back of Bitcoin reclaiming $20K and Ethereum pushing for $1.6K at the time of this writing. Bitcoin Price Bouncing Back Yesterday, the BTC price slipped towards $19,500, where it seems to have marked some sort of a local bottom as that’s where the bulls took more definitive steps to...

ADA price failed to surpass the $0.500 resistance and declined against the US Dollar. The price is now trading below $0.500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.460 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.425 support zone. Cardano price is struggling below $0.50 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $1,700 zone against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,570 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,420 zone. Ethereum price is struggling below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

Earlier today, the Constitutional Court of the Central African Republic (CAR) dictated it was unconstitutional to purchase citizenship, e-residency, and land with the government-backed cryptocurrency “Sango Coin.” As per a Reuters report, the Court said the market’s volatility hindered the crypto project’s feasibility. The price of Sango Coin has been declining since November 2021, four months after its launch. Sango Coin launched on July 21 of 2021. The move was a...