Crypto news

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions. El Salvador Makes Things Easy for Foreign BTC Investors The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps....

We’ve all heard of frequent flyer miles. The more you fly, the more miles you’ll earn for future trips. Well, a cryptocurrency company is pushing a new digital asset known as Fly Coin, which will pay users in digital currency granted they engage in specific travel behaviors. Fly Coin Will Reward Consistent Travelers The company has recently brought on a new chief executive officer in the form of Lenny Moon. Moon will be tasked with overseeing the market launch of the...

Established in 2014, BitMEX is a veteran derivatives exchange, a pioneer for the crypto industry, which used to be the leading one for a serious period of time. In fact, the traded volume on BitMEX was much more than that on any other derivatives exchange until 2019. BitMEX exchange had a serious impact on the cryptocurrency market as a whole, and in a sense, helped shape the industry into what it has become today. CryptoPotato had the pleasure of interviewing Alexander...

Allied Payment Network and Finastra are joining hands to create a new product known as the Allied Bitcoin Wallet, which will be available to customers of both platforms through the Finastra Fusion Store. Allied and Finastra… The Perfect Match? Created by Allied – and with assistance from the NYDIG – the product is built primarily for financial institutions who are looking to enter the crypto space. Standard banks and similar establishments will be able to use the wallet...

Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism. Over 300k ETH Burned According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of writing, that was originally designed to be rewarded to miners as part of fees, has been burned in less than two months since the last network...

ETH/USD – Ether Reclaims 20-day MA After Finding $3200 Support. Key Support Levels: $3530, $3350, $3200.Key Resistance Levels: $3790, $3975, $4000. Ethereum managed to establish support at $3200 (.5 Fib) over the weekend. The level there was further bolstered by the 50-day MA, and it allowed ETH to start rebounding at the beginning of this week. Yesterday, the cryptocurrency surged higher from $3400, allowing it to break resistance at the 20-day MA and reach $3600. The move...

[PRESS RELEASE – Singapore, Singapore, 15th September 2021] HaloDAO, a stablecoin marketplace protocol, is working with Yield Guild Games (YGG) to enable YGG community members to support simpler cashouts in local regions with its updated v1 stablecoin optimized AMM on Ethereum and Polygon. There will be a huge focus on expanding access to Singapore and the Philippines and other high-growth regions. The objective of stablecoin support is to build out a Play-to-Grow model,...

The ruling Democratic Party of South Korea intends to delay the upcoming taxation policy of digital assets. According to the officials, taxing bitcoin and altcoin investors still lacks proper infrastructure. Delaying The Crypto Taxation The Democratic Party of South Korea has objections in regards to the upcoming law that plans to start taxing gains made from cryptocurrency investments. According to a recent report, they have even passed a bill that could suspend the...

EOS price started a decent recovery from the $4.30 zone against the US Dollar. The price is now trading above $5.00 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $4.85 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if there is a clear break above the $5.10 and $5.20 resistance levels. EOS price is gaining pace above $5.00 against the US...

Litecoin price declined heavily below $200 and tested $160 against the US Dollar. LTC price is now trading above $180 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $177 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $196 resistance to start a decent increase in the near term. Litecoin price is showing positive signs above $180 against the US Dollar, similar to...