Tag Archives: News

The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in the footsteps of the Central American nation of El Salvador. Now, representatives for the country have announced that they are going to be creating their own digital currency that residents can use to purchase goods and services. The Central African Republic Has a Lot of...

The rumors have been confirmed. Three Arrows Capital – which long denied it was in any trouble – is not only being forced to liquidate its assets, but it is now filing for Chapter 15 bankruptcy protection according to an official press release. Three Arrows Capital Is Kaput The company – just a few weeks ago – liquidated all its assets in the British Virgin Islands. Now, bankruptcy proceedings have concluded in a New York state court. The unique points of Chapter 15 are...

The Boring Company – an enterprise owned by Elon Musk that provides tunnel construction services to clients – has announced it is permitting customers to pay with Dogecoin. Elon Musk Company Will Accept Doge The move is pushing the goals of crypto closer to being achieved. What many people likely forget is that while digital assets have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools....

Joshua Peck – the founder of True Code Capital – recently offered his thoughts on digital currency. Joshua Peck Talks About the State of Crypto Not long ago, Peck established what he’s calling the Crypto Momentum Fund through his firm. He commented: It provides an opportunity for asymmetric portfolio growth by creating an algorithmic risk-managed exposure to the long-term growth in the emerging cryptocurrency market. True Code launched a cryptocurrency fund after a...

Crypto exchanges in India are doing very poorly as of late. Companies like Wazir X, Coin DCX, and Zebpay are experiencing their lowest trading volumes, and executives don’t know what to do. Crypto Exchanges in India Are Not Doing Well Things have taken a nasty turn in recent weeks as the crypto market continues to slump. Bitcoin, for example, has fallen to about $21,000 per unit at the time of writing when just nine months ago, the currency was trading for around...

Bitcoin cash price started a fresh increase from the $115 zone against the US Dollar. The price is now trading below the $140 zone and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $138 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $140 and $145 to continue higher in the near term. Bitcoin cash price is climbing above $140 against the US Dollar, similar to bitcoin....

Fyllo – a leading data-driven marketing firm – has announced it is stepping into the crypto space. Fyllo Is Looking to Move Towards Crypto Fyllo is a company that makes its services available to businesses in multiple industries. The enterprise offers software and other solutions designed to ensure companies remain fully compliant with present-day regulations, and now it appears Fyllo is broadening its horizons to do the same for future crypto-related products. Up until...

During a time when crypto prices appear to be tanking like never before, India is dealing with heavy crypto-related tax woes. India Is Hiking Its Crypto Tax Enforcement Right now, regulators in India are imposing new taxes on all kinds of crypto activity. There is a one percent tax on all crypto trades that occur within the country’s borders. In addition, there is going to be a 30 percent digital income tax put in place. Thus, it looks like anyone who engages in crypto...

Investment app Plynk is announcing the launch of what it’s calling Plynk Crypto, a new division that will permit novice traders to gain exposure to some of the world’s largest and most popular digital assets. Plynk Is Stepping into the Crypto Space At the time of writing, the application is allowing customers to hold bitcoin, Ethereum, bitcoin cash, and Litecoin through the Paxos Trust Company, which Plynk is partnering with. Plynk is designed for new investors or those...

EOS price is showing positive signs above the $1.20 resistance against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $1.18 and $1.15 support levels. EOS price is rising above $1.20 against the US Dollar, similar to bitcoin. The...