Ethereum rallied to $325 after two months of consolidation as excitement over decentralized finance continues to affect the blockchain where majority of DeFi smart contracts are built. Ethereum ended its $240 sideways trend with a massive breakout on July 22. The world’s second-largest cryptocurrency only printed green candles soon after. It Read more…
The cryptocurrency market has been stuck in a rut for quite some time now, with most of its major cryptos choosing to consolidate their positions. In fact, Bitcoin, the world’s largest cryptocurrency, has been noting a kangaroo market of sorts, one wherein it has been jumping between its immediate resistance and Read more…
Protecting one’s privacy with Bitcoin doesn’t come easy. The Bitcoin Blockchain permanently records and displays all transactions publicly, this makes it possible for almost anyone to track and view your transaction details for any wallet address. This was the case with the nefarious hackers who infiltrated Bitfinex and led the infamous hack Read more…
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Read more…
Bitcoin price is up by more than $400 since a mid-week spike took the top cryptocurrency above $9,600. The breakout meant Bitcoin’s price had for the first time in nearly a month broken out of its Bollinger Bands squeeze. Although the past 24 hours have seen bulls struggle to break beyond Read more…
Bitcoin price held steady on Friday despite correcting below $9,600 following a supersonic rally yesterday. The benchmark cryptocurrency established a quarter-to-date top at $9,686 as bids for safe-haven assets, including gold, picked momentum against rising unemployment claims, and US-China geopolitical tensions. The jump later prompted daytraders to secure their short-term profits Read more…
Ripple’s XRP has failed to spark interest among investors because of the downward price action it has experienced over the past two years. However, the international settlements token is currently testing a key resistance barrier that may break and allow it to reach higher highs. XRP Looks Poised to Breakout Read more…
The national banks can from now provide crypto custody services. “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today,” said Acting Comptroller of the Currency Brian Brooks, who previously served as the chief legal officer for crypto exchange Coinbase, Read more…
The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the Read more…
Ethereum 2.0 launch draws nigh as the final testnet is set to go live on August 4. ETH 2.0 has been running successfully on multiple testnets since April. The much-anticipated Ethereum 2.0 has kept investors on the edge for the longest time. However, the good news is that its final testnet is Read more…