Monthly Archives: November 2021

Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Bitcoin and most major altcoins are attempting to hold above their immediate resistance levels, a sign that bulls could be buying on each dip. Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keep the uptrend intact in the short term. While the fall may scare off leveraged traders, Bitcoin whales seem to be viewing this dip as a buying opportunity. On-chain data shows that the third-largest Bitcoin whale added 207 Bitcoin to the […]

More info

India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification

Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework. According to a report from CNBC TV18 India, the nation’s government plans to reclassify cryptocurrency exchanges as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users must pay per transaction, or per trade, to 1%.  Currently, the Indian Government levies an 18% GST on transactions conducted on registered cryptocurrency exchanges, which is passed to users as trading fees. The process is similar to the tax protocol […]

More info

China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures

Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and Reform Commission (NDRC) announced Tuesday it plans to concentrate on the “comprehensive rectification” of state-run industrial enterprises involved in the extraction of digital currencies. The initiative is part of an ongoing crackdown […]

More info

Discussing The Bitcoin ETF Listing Process With Nasdaq

Nasdaq’s head of exchange-traded products discusses listing the first bitcoin-related ETFs on the market. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Spotify Libsyn Rumble In this informational episode, “Bitcoin NBttom Line” host and Valkyrie CIO Steven McClurg invited Nasdaq’s head of exchange-traded products, Giang Bui, to discuss exchange-traded funds (ETFs) and more. The two kicked it off with a discussion about the process of getting an ETF up and launched. This process, lasting anywhere from 30 to 240 days, must go through several checkpoints […]

More info

Fidelity Approved To Become Canada’s First Institutional Bitcoin Custodian

The firm was approved by Canadian regulators to launch a bitcoin custody and trading platform catered for institutional investors. Fidelity has been approved by Canadian regulators to become the country’s first bitcoin custodian. The move paves the way for more Canadian institutions to invest in bitcoin, including pension funds, portfolio managers, mutual funds, and ETFs. Fidelity will launch its service in the form of a bitcoin trading and custody platform catered to institutional investors. Fidelity Canada has been given the green light by regulators to function as […]

More info

Angelenos push back on new Crypto.com arena: ‘It will always be the Staples Center’

“We are always gonna call it Staples Center no matter what lil name you slap on the building,” said writer and professor Roxane Gay, who owns a home in Los Angeles. Residents of Los Angeles, sports fans, and social media personalities are making light of Crypto.com’s agreement to rename the city’s Staples Center for its own marketing purposes.  The Staples Center, a multi-purpose arena that has been home to the Los Angeles Clippers, Lakers and other major sports franchises for years, is scheduled to be renamed as […]

More info

Polychain Capital leads Anoma Network’s $26M raise

Venture capital has allocated over $17 billion to crypto projects this year. Anoma’s bartering system offers a fresh take on blockchain development. Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money.  Anoma Network will use the proceeds to advance its proof-of-stake blockchain, which has been designed to facilitate private transactions using “asset-agnostic bartering.” Bartering refers to the exchange of goods and services […]

More info

We Are Proud To Have Adopted Bitcoin, Says El Salvador’s Minister Of Economy

María Luisa Hayem provided insights on the government’s experience since adopting bitcoin at the Lightning Summit Adopting Bitcoin. The Bitcoin Week is taking place in El Salvador this week, hosting a range of events in the country’s capital. The week’s most prominent event is LABITCONF, the Latin American Bitcoin & Blockchain Conference, which will bring together some of the brightest brains in the Bitcoin community on Thursday, November 18, and Friday, November 19. Another major event, Adopting Bitcoin, began yesterday and will extend until Thursday. The conference […]

More info

Small-cap altcoins stage a recovery as Bitcoin traders aim to recapture $60K

Bitcoin’s consolidation below $60,000 has given the green light to altcoins like ROSE, YGG and AST. The fortitude of Bitcoin (BTC) holders continues to be tested on Nov. 17 as a number of attempts to push the price to $59,000 and below grow. This level has been well defended by bulls but analysts are still watching for the $63,000 level to be reclaimed as support before saying the “dip” has ended. While much of the recent focus has been on Bitcoin and matters related to exchange-traded funds […]

More info

Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

The total market capitalization of stablecoins increased five-fold in the past year alone. In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed. Top Stablecoins by Market Capitalization | Source: Treasury Report on Stablecoins (Nov. 2021) Despite the positive outlook, Waller […]

More info
1 2 3 4 7