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Fiat Fears Intensify as Turkey's Inflation Runs Wild; Citizens Turn to Bitcoin, Tether
3.2.2022
The Turkish lira took another battering last month, with January inflation hitting a whopping 48.7% – leading some crypto advocates to point the finger at the ultimate failure of central banks’ monetary policies....
Read More: Fiat Fears Intensify as Turkey's Inflation Runs Wild; Citizens Turn...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Bitcoin and Ethereum Trim Gains, Altcoins Drop Even More
3.2.2022
Bitcoin price failed to make a move towards the USD 40,000 resistance. BTC started a fresh decline from USD 39,200 and declined below USD 37,000. It is currently (04:11 UTC) down 4% and there is a risk of more losses below USD 36,800.
Similarly, most major altcoins are moving lower. ETH topped...
Russian Finance Ministry Says Crypto Regulation Compromise Coming ‘Within a Month’
2.2.2022
Moscow has also set itself a new deadline on crypto regulation, claiming that it will broker a consensus on the matter “within the space of a month.”
“Everything is happening actively in the government. I think that some kind of decision will be taken quickly. My expectation is that [the...
Grayscale Makes an ETF Move
2.2.2022
US-based major cryptoasset management firm Grayscale Investments launched its first equity exchange-traded fund (ETF) as they aim to increase its exposure to this type of investment vehicle.
The Grayscale Future of Finance ETF will track the investment performance of the Bloomberg Grayscale...
Bitcoin at $38K: An Opportunity or Trap?
2.2.2022
Bitcoin is the first and most popular cryptocurrency that enables peer-to-peer exchanges as a digital payment solution. It uses a decentralized protocol to achieve global consensus. It can be transferred globally without the need for centralized authority. That is why it is known as decentralized...
El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App
2.2.2022
The Salvadoran government is attempting to reboot its Chivo bitcoin (BTC) app and wallet – by teaming up with the USA-based crypto firm AlphaPoint.
In an official notice, the government wrote that the firm was now “providing technology for Chivo Wallet, the first national digital wallet in...
India Still Debates Crypto Regulation - Finance Secretary
2.2.2022
Crypto regulation in India is still an ongoing debate, the country’s Finance Secretary T. V. Somanathan stressed, noting that, for now, cryptoassets are not illegal and are treated as gambling.
“The government’s approach is to consult widely and also to look at what’s happening...
Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat
2.2.2022
Lebanon allegedly plans to forcibly convert foreign currency holdings to its floundering pound (LBP), once again building a case for Bitcoin (BTC).
Earlier this week, Reuters reported that it had seen a government “blueprint” plan designed to fight the ongoing financial crisis. The plan,...
Bitcoin and Ethereum Still Consolidate, ETC and LEO Rally
2.2.2022
Bitcoin price started a steady increase above the USD 38,000 resistance. BTC even traded above the USD 38,800 but faced sellers near USD 39,200. It is currently (04:19 UTC) consolidating, with a strong support near USD 37,800.
Similarly, most major altcoins are showing positive signs. ETH spiked...
MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
1.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
Bitcoin Is 'Fundamentally Different' From Other Cryptos, Unlikely To Be Replaced - Fidelity
1.2.2022
Bitcoin (BTC) is fundamentally different from any other digital asset and no other digital asset is likely to improve upon bitcoin as a monetary good, according to digital asset-focused financial services provider Fidelity Digital Assets....
Read More: Bitcoin Is 'Fundamentally Different' From...
MicroStrategy Begins 2022 by Spending USD 25M on Bitcoin
1.2.2022
US-based software company MicroStrategy said it increased its bitcoin (BTC) stash to BTC 125,051 as it bought an additional BTC 660 for USD 25m.
Per CEO Michael Saylor, they paid an average price of USD 37,865 per BTC. In total, they spent USD 3.78bn on their bitcoin holdings. They're now worth...
India Sends Crypto Legalization Signs With Tax Plans, WRX Skyrockets
1.2.2022
In another turn of events involving India’s crypto policy, the country’s Finance Minister Nirmala Sitharaman has proposed to tax gains from crypto transfers at a 30% rate, with no deductions to be allowed. Moreover, the country’s central bank digital currency (CBDC), the digital rupee, is to...
Bitcoin and Ethereum Gain Bullish Momentum, SOL and LUNA Rally
1.2.2022
Bitcoin price remained well bid above the USD 36,500 zone. As a result, BTC started a fresh increase and broke the USD 38,000 resistance. It is currently (04:16 UTC) trading above USD 38,600 and is eyeing an upside break above USD 38,800.
Similarly, most major altcoins are showing positive...
Bitcoin and Ethereum Gain Bullish Momentum, SOL and LUNA Rally
1.2.2022
Bitcoin price remained well bid above the USD 36,500 zone. As a result, BTC started a fresh increase and broke the USD 38,000 resistance. It is currently (04:16 UTC) trading above USD 38,600 and is eyeing an upside break above USD 38,800.
Similarly, most major altcoins are showing positive...
Bitcoin Trading Volume During Four Market Crashes Suggest Sellers Are Giving Up
31.1.2022
Although the price of bitcoin (BTC) is down by almost 50% from its all-time high in November, and the latest market crash undoubtedly has been felt by BTC holders, an analysis of trading volumes during recent crashes suggest fewer coins are being sold this time around than during the sharp...
Ontario Teachers Keep Investing in FTX Which is Not Available in Ontario
31.1.2022
An Ontario-based organization in charge of administering pensions for teachers once again invested during FTX’s latest fundraise, but residents of this Canadian province still can’t use FTX.com.
FTX Trading Ltd., the owner and operator of major crypto exchange FTX, said that they closed a...
Russian Central Bank Still Wants to Ban Bitcoin & Crypto Mining, Despite Backlash
31.1.2022
Russia’s crypto-skeptic Central Bank appears ready to climb down over some aspects of its proposed crypto ban – but still wants to ban mining, despite recent comments on the matter from President Vladimir Putin.
VC.ru reported that the Central Bank has now repeated its calls for a ban...
Trezor Ditches a Controversial KYC Feature, Plans Features to 'Cut Off Regulatory Overreach'
31.1.2022
Major hardware wallet maker Trezor promised to remove the recently added and controversial know-your-customer (KYC) feature, known as Address Ownership Proof Protocol (AOPP) -- and said it planned new features meant to "cut off regulatory overreach at the source."...
Read More: Trezor Ditches...