GameStop tops Bitcoin's yearly gains in one day — Will GME spark an altcoin rally?
Mirroring the 2021 cycle, the profits from GameStop could spill into altcoins, catalyzing the start of the 2024 altcoin season. Could history repeat itself?
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Price Analysis 8/7: BTC, ETH, XRP, BCH, BSV, LTC, ADA, LINK, BNB, CRO
The United States Federal Reserve has been contemplating a change in the way it responds to a possible increase in inflation. Previously, the Fed would kickstart tightening if its models forecast a 2% inflation increase. However, this time, the Fed wants to allow inflation to stay above its 2% target before raising rates. Morgan Creek’s Anthony Pompliano…
Turkish government to track crypto transactions over $1,200
Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam. 11354 Total views 33 Total shares Crypto exchanges with a presence in Turkey must now inform the Financial Crimes Investigation Board, or MASAK, about any crypto transactions over 10,000 Turkish liras ($1,200). Turkish Minister of Treasury and Finance…
The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin
Ethereum's native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingViewAn inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks…
Bank profits at risk from potential CBDC transformation of global economy: Moody’s
CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking. 170 Total views 7 Total shares Own this piece of history Collect this article as an NFTEmerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper…
Get ready for the feds to start indicting NFT wash traders
Studies show that most people who attempt to wash trade nonfungible tokens (NFTs) are unprofitable. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry. In wash trading, manipulators buy and sell an asset between themselves to create the appearance that the asset is in higher demand…
Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses.
Celsius creditors vote in favor of reorganization plan
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors. 101 Total views 1 Total shares The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as
Indian crypto tax policy to treat each digital asset investment independently
The government intends to treat each crypto trading pair transaction separately, deterring traders as it would only tax their profits without accounting for the losses. 374 Total views 12 Total shares Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new…