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Report: Illegal Trades Account for Less Than 3% of Total Bitcoin Transactions
23.12.2021
According to a new report, illegal transactions, scams and gambling together make up less than 3% of the volume on the Bitcoin blockchain while exchanges and trading desks account for around 80% of volume. Exchanges Dominate Bitcoin Volumes A new study called “Blockchain Analysis of...
Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million
22.12.2021
The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira...
Wells Fargo and HSBC Will Settle Currency Trades Using Blockchain
15.12.2021
The blockchain sector was in the headlines recently, with Wells Fargo and HSBC announcing to use of the technology. The two banks have started using blockchain technology to settle transactions directly. In addition, the institutions will reconcile and pay off deals in sterling, dollars, Canadian...
Crypto Trades Expected to Become Reportable by Platforms In 3 Years - Survey
14.12.2021
Cryptoasset trades are expected to be subject to official reporting requirements as soon as within three years, with the United States likely being the first country to introduce such regulations on trading platforms, a new survey conducted by business analytics firm IHS Markit in October this...
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
8.12.2021
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during...
Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume
26.11.2021
A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have...
Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets
21.11.2021
Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also...
Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location
15.11.2021
A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because...
Litecoin (LTC) Breaks From $200 and Trades Towards $250!
9.11.2021
Despite copying the king of crypto, Litecoin has made a position among the top 14 cryptocurrencies with a market value of $17.28. As of November 2021, Litecoin has a net circulating value of 82%, which comes to around 68,933,033 LTC, and this circulation is increasing with every block solved on...
Bitcoin (BTC) Records 6% Hike and Trades Above $66000
8.11.2021
Bitcoin, the world’s largest cryptocurrency, has broken the range. Now it is consolidating again above $65,000. It is now on the verge of crossing its all-time high of $66,000. The price chart is bullish while buying interest increases. All the followers of Bitcoin are extremely greedy to get...
Non-Custodial Dex Platforms Continue to Expand — Curve, Pancakeswap, Sushiswap, Uniswap Lead the Pack
26.10.2021
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people...
XRP Trades Sideways & Lacks Solid Bullish Stance
21.10.2021
XRP is the seventh-largest cryptocurrency by market cap and is amongst the leading competitors for digital assets for real-time payments by financial institutions around the globe. XRP made strong gains in 2018, reaching highs of over $3.00 when it was suddenly hit with allegations of unlawful...
Tezos (XTZ) Slowly Trades Closer to the $10 Level!
20.10.2021
Tezos blockchain has emerged as a good alternative in the world of smart contracts offering networks. Its cryptocurrency XTZ has moved up by over 400% in the last few days. Trending with a strong buying sentiment has helped XTZ breach multiple resistances, and we are now expecting it to make...
Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June
27.9.2021
A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved...
After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry
17.9.2021
The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal...
Polygon (MATIC) Trades Flat Despite Higher Volumes!
17.9.2021
Matic, since its inception in the year 2017, has undergone a lot of changes. From using the Ethereum network to run their operations to changing their name and launching their own blockchain, Matic has reached a new level of innovation. It uses a combination of the revered Plasma Framework...
Texas vs. Celsius, Revolut Pays Rent In Bitcoin + More News
17.9.2021
earing to determine whether to issue a cease and desist order against the company, Bloomberg reported. At 15:58 UTC, CEL trades at USD 5
YouTuber trades Tesla Roadster for NFT
16.9.2021
“Looking back on this in one year, two year, three years from now it could be a monumentally dumb decision but it also could be a great decision,” said Dan Markham
Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix
14.9.2021
According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. Solana’s Network Stalls In recent...
India’s Income Tax Department may soon target crypto trades and ecosystem
13.9.2021
Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments