Markets

Mike Novogratz – Founder and Chief Executive Officer of Galaxy Digital – thinks cryptocurrencies have been more resilient in the past month because many forced sellers left the industry. In addition, he spoke about Do Kwon and his problems with numerous law authorities. Novogratz hopes the South Korean could cope with the issues, describing him as a highly intelligent individual. Crypto Lacks the Energy of the Equity Market In an interview for Bloomberg, the American...

With only two days remaining for September, XRP records its best month so far. However, the bearish trend reversal has not yet been confirmed. Technical Analysis By Grizzly The Weekly Chart Last week, XRP reached (and was rejected) to a critical level of $0.56 on the weekly chart. This resistance is combined of the ascending line (in yellow) and the red horizontal resistance. As a side note, it’s not uncommon to see a weekly red candle after multiple green candles. Unless...

Bitcoin’s price has yet to break out of the consolidation phase, as the price has been trapped in an extensive range between $24K and $18K over the past few months. Currently, the market is testing the significant support level at $18K as the asset aims for a rebound to the upside. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is still consolidating between the significant bearish trendline and the $18K support. The $18K level is currently...

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For several years now, Binance has played an important role as the big brother of the crypto industry by assisting in the recovery of funds from users who have been victims of theft, scams, or hacks. But now, they are aiming higher with an e-crime training program. On September 27, Binance announced the official launch of its “Global Law Enforcement Training Program,” created to help law enforcement agencies combat financial and electronic crimes that involved crypto or...

The US Internal Revenue Service is ramping up its efforts to collect taxes from crypto traders regardless of a 70% market slump. The tax department has obtained a court order authorizing summons for records of US taxpayers that failed to report transactions and pay taxes on crypto profits. Specifically, the IRS will issue what is known as a “John Doe summons” requiring MY Safra Bank to provide crypto transaction data for customers of the SFOX cryptocurrency broker that used...

Crypto.ro managed to film for 60 minutes in front of the New York Stock Exchange on Wall Street. The Romanian team from Crypto.ro filmed near the famous Bull in front of the New York Stock Exchange, content for the Crypto.ro Academy, a financial education project in the crypto field that will be launched on October 11. The platform, which will be available in Romanian and English, will be accessible anytime, anywhere and will provide detailed information about...

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