Crypto news

XP Inc – a brokerage firm in Brazil – is allowing its clients to invest in digital currencies, suggesting that despite prices crashing in recent months, these new assets are still as popular and as sought after as ever. At the time of writing, the company will purely offer access to both bitcoin and Ethereum, though executives say they have every intention of expanding their listings by the end of the year. XP Inc Is Allowing Users to Trade Crypto Lucas Rabechini – the...

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ADA price failed to surpass the $0.600 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 major bullish trend line with support near $0.540 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.436 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 $2,000 zone against the US Dollar. ETH price is now trading below $1,700 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,520 zone. Ethereum price is struggling below $1,700 against the US Dollar. ETH/USD remains at a risk of...

The American investment management company – Invesco – reportedly launched a Metaverse fund, which will invest in large, medium, and small-cap firms that have stretched their operations to the virtual reality. Last year, the investment giant filed documents to launch two crypto-based ETFs in the USA. Several months later, though, it blamed the US SEC for its unfriendly stance on such products and abandoned its plans. Hopping on the Metaverse Bandwagon According to a coverage...

[PRESS RELEASE – Singapore-August 23, 2022] EQBR Holdings (EQBR), a pioneer of Web 3.0 infrastructure providers, launched its new blockchain service platform EQ HUB. EQ HUB provides a one-stop service to plan, build and implement blockchain networks and ecosystem-based thereon. Powered by Equilibrium, an innovative third-generation blockchain engine, developers and users of EQ Hub will experience amazing speed and convenience, which have been realized in none of the...

The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual assets with economic value are paid out, media reports said. Gift Tax on Airdrops Recently, the South Korean finance ministry was asked by a tax law interpretation inquiry to provide its interpretation of whether an airdrop is subject to gift tax or not. In its response, the...

BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weekend. According to the researcher, NFTStatistics.eth, BendDAO is just left with 12.5 WETH in the contract. The lenders of BendDAO have landed in a sketchy situation. Its co-founder said they have come up with a proposal to improve the protocol, hoping to make out of the crisis....

Crypto security companies are raking in a fortune despite the bear market that has bloodied firms across the rest of the industry. Zeth Couceiro – founder of crypto recruitment company Plexus Resource Solutions – recently told Bloomberg that salaries for experienced blockchain auditors can run as high as $400,000 per year.  Overwhelming Demand for Auditors According to Couceiro, the typical blockchain auditor currently gets paid about 20% more than Solidity-focused...

A reported 31% of Cardano’s staking pool operator (SPO) nodes are now running the protocol’s latest software. The update fixes a critical bug found in Cardano’s previous implementation, which raised questions about whether the network’s upcoming Vasil hard fork should be postponed.  According to data from PoolTool, about 55% of nodes are still operating on v1.34.1. To be ready for the upgrade to Vasil, 75% of SPO nodes must be on the newest version. “This is again umpteenth...