Bitcoin’s metrics suggest bull market is far from overvalued

Bitcoin (BTC) has a substantial liberating potential, American mainstream newspaper Time reports on Dec. 28.The aforementioned article claims that “speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention.”According to the article’s author, Bitcoin “can be a valuable financial tool as a censorship-resistant medium of…

The warning is not just because of the coronavirus pandemic. The government of South Korea has issued warnings to the public to avoid real life crypto meetups due to the “high risk” of catching coronavirus in the midst of a second outbreak in the country.Segye Ilbo reports the authorities not only warned about COVID-19-related fears…

Recently, crypto traders have shown a lot of enthusiasm for decentralized exchanges, or DEXs. The enthusiasm is warranted. We’re starting to see the fruits of many years of hard work pay off with DEX trading volume and use increasing every day. In spite of this growth, the vast majority of crypto trading still takes place on…

Regulators are tasked with balancing between protecting consumers and creating environments where entrepreneurs and the private sector can thrive. When markets face distortions, perhaps due to an externality or information asymmetry, regulation can play an important role.But regulation can also stifle entrepreneurship and business formation, leaving society and its people worse off. The United States…

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds. Brazil's central bank adopts IMF guidelinesBrazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26. With…

Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance. 2265 Total views 6 Total shares Own this piece of history Collect this article as an NFTThe good news of the last week is that Bitcoin (BTC) has continued to rebound, making around 10% up…

On Monday Bitcoin price (BTC) abruptly fell below the $7,040 support and dropped to $6,800. As recent as Nov. 22 and Nov. 27, $6,800 served as support so a number of traders had already identified the price as the point where Bitcoin would land if the price pulled back.Cryptocurrency market daily overview. Source: Coin360At the…

As the 2021-2022 United Kingdom tax year finished on April 5, 2022, Her Majesty's Treasury announced they were paving the way for the U.K. to become a global crypto asset technology hub. This could mean that the previously not particularly crypto-friendly U.K. is changing its strategy and trying its hand at making crypto investments more…

Japan’s finance regulator, the Financial Services Agency (FSA), has granted full permission for cryptocurrency exchange Coincheck to continue operating in the country. Cointelegraph Japan reported on the development on Jan. 11, quoting an official communique.Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time, now joins the slowly increasing…