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Bitcoin and Ethereum Extend Gains, AAVE and THETA Rally


Bitcoin price remained well bid above the USD 36,000 level. BTC extended its rise towards the USD 38,000 resistance zone. It is currently (04:40 UTC) trading below USD 37,000, but dips might remain attractive near USD 36,000. Besides, most major altcoins are showing positive signs. ETH broke...

South Korean Presidential Candidate: Delay Crypto Tax Until 2023


Source: Adobe/Андрей Яланский As South Korea’s general elections draw ever nearer, the nation’s provincial governors appear to have grown bolder – and are looking to strengthen their political positions by taking on Seoul over its crypto policy. While last week it was the turn of the Governor...

Bitcoin Regains Momentum After Hitting Weekly Low at $33k


Current Crypto Market Sentiment Over the last week, the crypto market experienced a $1,369 billion dip on Monday and a $1,787 billion rise on Wednesday. A rise in Bitcoin dominance was recorded at 47.06% high on Monday that fell to 42.67% low on Thursday. Across the majors in the crypto market...

Crypto Market Sentiment Keeps Dropping; Bitcoin Wins Week, Ethereum Reigns


Perhaps unsurprisingly, given the recent red that colored the markets, crypto market sentiment dropped yet again - but now, it's close to dropping below the score of 5, where we haven't seen it in quite a while. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins...

Another US Regulator Wants Agencies to Join Hands to Regulate Crypto


The Joe Biden administration seems to be filled with regulators distrustful of bitcoin (BTC) and other cryptoassets - as there are new signals that the US regulators are aiming to 'rein in' the crypto industry by establishing collaborations between agencies. US financial authorities have set their...

Bitcoin and Ethereum Struggle To Gain Ground, Altcoins Consolidate


Bitcoin price failed to remain stable above the USD 36,500 support zone. BTC extended its decline below the USD 35,000 support level. It is currently (04:40 UTC) showing a few bearish signs, with a major support near the USD 33,500 level. Besides, most major altcoins are struggling to recover....

Former Regulators Moving Into Crypto: South Korea vs US


A South Korean politician has waded into the debate about the unnamed senior financial regulator who wants to quit his job to join Upbit, the domestic market-leading crypto exchange. In contrast, no such issues appear to have got in the way of crypto firms in the United States. The regulator,...

Bitcoin Mining Difficulty Set For Sharp Drop This Weekend


Bitcoin mining rigs. Bitcoin (BTC) mining difficulty may be knocked out of its just recently gained all-time high this weekend, back to a March level. If this adjustment goes as currently (16:00 UTC) estimated by mining pool BTC.com, mining difficulty - which is the measure of how hard it is...

Atomic Monero & Bitcoin Swaps, Riksbank Testing E-krona + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Trading news Atomic swaps between monero (XMR) and bitcoin (BTC) went live on mainnet. "With atomic swaps, online users trade...

Steve Jobs Statue In Budapest To Get A New Neighbor - Satoshi Nakamoto


A monument for Satoshi Nakamoto is set to emerge in Budapest, Hungary, as a part of a local initiative by Hungarian crypto community to raise awareness about the importance of Bitcoin (BTC) and blockchain technology. The idea started with András Györfi, the editor of the Hungarian crypto website...

US-Sanctioned Actors Use Crypto in New Ways to Evade Restrictions - Report


Sanctioned actors and jurisdictions worldwide are finding new ways to use cryptoassets to evade restrictions and continue their illicit activities, per a recent report by blockchain analytics firm Elliptic. Some of the ways this is accomplished is using privacy coins, coinswap services, privacy...

Bitcoin and Ethereum Move Below Key Hurdles, HNT Rallies


Bitcoin price failed on a couple of occasions to settle above the USD 40,000 resistance. BTC started a downside correction and it traded below USD 38,000 (05:00 UTC). Similarly, most major altcoins are stuck in a range and are showing signs of weakness. ETH is facing an uphill task near the...

Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal


There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit – just days after three major commercial banks ruled out the prospect of doing...

‘Legalize Crypto,’ Urges Ukrainian Cybercrime Chief


The head of the Ukrainian cyberpolice has called for crypto to be legalized – claiming that “most criminal activity” is now conducted using crypto. In an interview with RBC’s Ukrainian service, the cyberpolice chief, Oleksandr Grinchak, stated that “legalizing” and “moving cryptocurrency into...

Time to End US Crypto Tax Declaration ‘Forensic Exercise’ – Expert


A USA-based tax expert has hinted that the ball may be in the Internal Revenue Service (IRS)’s court when it comes to taxing crypto – and suggested that most crypto investors are not tax dodgers, but simply require a non-“forensic” solution to filing taxes on their earnings. The comments were made...

Knowledge of Crypto on the Rise, Encouraging Investment - Survey


Consumer understanding of cryptocurrencies appears to be trending higher, as 29% of respondents to a recent survey, conducted by payments platform Paysafe's digital wallet Skrill, declared they now knew more about cryptocurrencies than they had the same time a year ago. Moreover, some 26% said they...

New Investors Led Crypto Selloff Last Week, Miners Had Limited Effect


Bitcoin (BTC) miners did send more BTC to exchanges at the end of last week, but so did others, according to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggests that miners did not drive further price declines. Meanwhile, most of the BTC...

SEC’s Head Wants to 'Fill in the Gaps' in Crypto Investor Protection


Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), told US lawmakers that he wants to work with other regulatory agencies and the Congress to “fill in the gaps of investor protection in these...

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