Markets

The IRS is going after crypto owners who fail to report gains on their taxes. The US tax authority got a court order Thursday enjoining an NYC bank to turn over records on potential crypto tax dodgers. While crypto markets appear in the throes of “winter” against buys made last November to date, half of the bitcoin holders are holding at a profit. The IRS requires US taxpayers who sell bitcoin or any cryptocurrency at a profit to report it. And it is willing to use all means...

Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko.  The price extended to nearly $0.56 on Friday but got quickly rejected. Technical Analysis By Grizzly The Daily Chart The XRP/USDT trading pair reached a key support turned resistance level, for the first time since May 9, on the daily chart. Additionally, the price finally closed a daily candle above the 200-day moving average line...

The news of Jesse Powell, the CEO of Kraken, stepping down from the position at the cryptocurrency exchange he founded in 2011 is a significant shake-up. The exec recently came under fire for allegedly “fostering a hateful workplace and damaging their mental health,” according to a New York Times feature. But Powell believes the entire fiasco was a “blessing in disguise” and that it turned out positively for the company. Powell’s Comments Post Step Down Despite the market...

Entretien avec Fanis Michalakis, développeur chez LNMarkets. Réalisation : Guillaume Goualard pour Grand Angle Crypto

Bitcoin price retested the $18K support level Friday. That’s the third time in a week, with the crypto failing to pass resistance at $19.5K twice on the 5-day chart. The crypto exchange price for a piece of the world’s original blockchain currency continues to consolidate at around $19K. That has been the trend for Bitcoin (BTC) over the month of September. Over the six-month chart, year-to-date, and one-year view, bitcoin is deeply in the red. It’s the third prolonged...

The price of bitcoin seems stuck around the $19,000 level for the past few days, and the asset has remained there now as well. Most altcoins are also calmer on a 24-hour scale on Sunday, with Chainlink emerging as today’s top performer. Bitcoin Quiet at $19K Although bitcoin is quite stagnant now, this wasn’t the case earlier this week. The asset had jumped from $18,300 to $20,000 in a day ahead of the US Federal Reserve’s latest interest rate hike, but once the increase of...

Dan Morehead – head of the institutional asset manager Pantera Capital – thinks there might be many distressed financial sectors in the years to come, but the digital asset industry will not be among them. Similar to his previous statements, the executive argued that a crypto bull market is on its way, while blockchain technology will be employed by billions of individuals in the years to come. Bullish as Usual In an interview for CNBC, Morehead opined that cryptocurrencies...

Vitalik Buterin – the co-founder of popular cryptocurrency Ethereum, the second largest digital asset by market cap – has stated that as the beacon chain hard fork happened on September 6, all Ethereum-based clients need to ensure their systems are fully updated. Vitalik Buterin Is Warning Ethereum Users Ethereum has been talking about The Merge for months now. The move would move Ethereum from a proof of work (PoW) module to proof of stake (PoS). This would potentially...

INTERNET CITY, DUBAI, Sep. 23, 2022 – LBank Exchange, a global digital asset trading platform, has listed PRIMEZTOKEN on September 23, 2022. For all users of LBank Exchange, the PRIMEZTOKEN/USDT trading pair is now officially available for trading. Aiming to introduce Japan’s world-class contents to Japan and overseas using blockchain technology, Primez provides an NFT marketplace where Japanese contents can be converted into NFTs. Its native token PRIMEZTOKEN has been...

INTERNET CITY, DUBAI, Sep. 22, 2022 – LBank Exchange, a global digital asset trading platform, has listed GTON on September 22, 2022. For all users of LBank Exchange, the GTON/USDT trading pair is now officially available for trading. Based on the cutting-edge achievements of Web 3.0 technology, GTON Capital is building an infrastructure to advance digital capital markets enabling new generation of programmable economy. Its utility token GTON has been listed on LBank...