Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

While there are many upsides to Bitcoin’s bullish price momentum, its impact on the coin’s denomination as a currency unit may not be one of them.As a Quartz article published on August 1 notes, with Bitcoin (BTC) currently circling $9,950, retail buyers are faced with the prospect of forking out a figure such as 0.0009950…

The promise of owning and managing one’s own data is revolutionary, creating increasing interest in Web3 platforms and applications. For instance, recent findings show that the Web3 market was estimated to be worth around $2.9 billion last year, yet this number is expected to reach $23.3 billion by 2028. Web3 is also capturing the interest…

The postponement follows a successful lobbying campaign by local crypto advocates. The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022.According to Yonhap on Dec. 1, the planning and finance committee of South Korea's national assembly passed amendments to the country’s tax laws  wherein a new cryptocurrency tax regime…

It seems like the entire world has been told to stay inside their homes as the coronavirus outbreak continues to wreak havoc. As a result, the world has become almost entirely digital. A recent article from NPR showed that visits to news sites have increased by 60%, and that people are spending more time playing online…

It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price. 702 Total views 19 Total shares Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such…

The cryptocurrency market is no stranger to speculation. Consider that despite this industry's growth, many continue to view these assets and associated technologies as a bubble that is about to burst. As history has proven, overcoming the technology adoption curve comes down to a major use case, or the so-called "killer app." Although there is no…

Like other financial markets, crypto investors have seen wild swings and devaluations in recent weeks as Coronavirus, also known as COVID-19, issues have hit many people all over the world. With safety concerns paramount, it can be easy to forget for a time about more pedestrian issues like taxes. But taxes won’t go away entirely.…

On Sunday Bitcoin (BTC) price revved up to rally from $7,115 to $7,642, providing a 7% gain and an unexpectedly strong weekly close, which now has some analysts suggesting that a trend reversal is in the making. Cryptocurrency market daily overview. Source: Coin360The strong upside move brought the price above the $7,400 and $7,600 resistance, meaning…