Crypto News Fox

09/01/2021

The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains. Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action. Daily cryptocurrency market performance. Source: …...

https://cryptonewsfox.com/traders-flock-into-altcoins-as-bitcoin-price-trades-sideways/

The bullish momentum seen all through the week has spilled over into the weekend as the vast majority of the top-100 tokens listed on CoinMarketCap are posting

09/01/2021

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Brace for impact? After hitting $42,000, Bitcoin price volatility may rise Another week, another spate of all-time highs....

https://cryptonewsfox.com/bitcoins-rollercoaster-ride-ether-shines-xrp-mystery-hodlers-digest-jan-3-9/

Coming each Saturday, Hodler’s Digest will make it easier to monitor each single vital information story that occurred this week. The very best (and worst) qu

09/01/2021

After a wild, up-and-down 2020 that saw Sushiswap become the largest decentralized exchange (DEX) by liquidity at two different points, the decentralized finance (DeFi) platform has released a wildly ambitious project roadmap for 2021. Key forthcoming developments include multiple examples of some of the most complex and advanced functionalities in the DeFi space, including a cross-chain DEX that will be enabled by Rune and Moonbeam, an implementation on the Polkadot chain, and a fully decentralized governance structure by the end of 2021....

https://cryptonewsfox.com/sushiswap-reveals-ambitious-2021-roadmap/

After a wild, up-and-down 2020 that noticed Sushiswap grow to be the most important decentralized trade (DEX) by liquidity at two completely different factors,

09/01/2021

Kyrgyzstan’s central bank has completed the drafting of two bills designed to recognize and regulate the country’s emerging crypto sector. According to an official announcement, the National Bank of the Kyrgyz Republic has opened up the two bills, "On the Processing of Cryptocurrencies" and "On amendments to legislative acts in the field of virtual assets," to public discussion. Interested parties have until Feb....

https://cryptonewsfox.com/kyrgyzstans-central-bank-opens-up-crypto-draft-laws-to-public-discussion/

Kyrgyzstan’s central financial institution has accomplished the drafting of two payments designed to acknowledge and regulate the nation’s rising crypto sec

09/01/2021

Over the course of this week, Bitcoin jumped over USD 41K to the delight of many, setting its sight on the 50K level, with JPMorgan strategists saying its long-term target should be above USD 146,000. Bitcoin, ethereum, and stablecoin camps 'fought' over who benefits more from the major OCC news, while ETH fans 'bragged' about the new all-time high the fees, racing ETH prices seemingly failed to impress Chinese crypto users, and ETH and BTC locked in DeFi took a plunge as staked ETH keeps rising....

https://cryptonewsfox.com/high-btc-highs-major-occ-news-no-xrp-sec-deals-and-20-crypto-jokes/

Over the course of this week, Bitcoin jumped over USD 41Ok to the delight of many, setting its sight on the 50Ok stage, with JPMorgan strategists saying its lon

09/01/2021

Source: Adobe/castorStock Bitcoin (BTC) mining has had a couple of less profitable years. After the highs of late 2017 and early 2018, profitability declined by March 2020 to as little as USD 0.0693 per day for every 1 THash of mining power (having been USD 3.139 in January 2018). However, with the bull market of late 2020, the price of bitcoin has risen strongly, and with it mining profitability has steadily crept up to USD 0.222, representing a rise of 200% since May’s Bitcoin halving....

https://cryptonewsfox.com/growth-consolidation-renewables-and-regulation/

Supply: Adobe/castorStockBitcoin (BTC) mining has had a few much less worthwhile years. After the highs of late 2017 and early 2018, profitability declined by M

09/01/2021

Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone. By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States. Yet, South Korea’s cryptocurrency exchanges have seen massive inflows that are comparable with other major markets....

https://cryptonewsfox.com/why-are-bitcoin-whales-in-korea-selling/

Bitcoin (BTC) whales in South Korea have been promoting closely throughout main exchanges all through the previous week. Knowledge exhibits that a number of $10

09/01/2021

XRP holders are still struggling around the $0.30 area while the majority of the cryptocurrency markets are euphoric with Bitcoin (BTC) price surpassing $40,000. BTC price is currently over 100% higher than the previous all-time high in 2017, while XRP’s price is still down more than 90% from the all-time high in 2017. A lawsuit from the SEC against Ripple is certainly not bullish and is the primary reason for this overall weakness as this is prompting some exchanges to delist....

https://cryptonewsfox.com/xrp-price-must-break-this-key-resistance-to-regain-bullish-momentum/

XRP holders are nonetheless struggling across the $0.30 space whereas nearly all of the cryptocurrency markets are euphoric with Bitcoin (BTC) worth surpassing

09/01/2021

Satoshi Nakamoto, the unknown Bitcoin creator, released the first client network on this day 12 years ago, officially kickstarting what is perhaps the greatest monetary revolution of the 21st century. Six days prior, on Jan. 3, 2009, Satoshi mined the Genesis block, known as #0, coding it into the software. Unlike the subsequent blocks in the chain, the coin base reward from the Genesis block cannot be spent, as only publicly mined “coins” can be transferred....

https://cryptonewsfox.com/from-the-genesis-block-to-wall-street-adoption/

Satoshi Nakamoto, the unknown Bitcoin creator, launched the primary consumer community on this present day 12 years in the past, formally kickstarting what is m

09/01/2021

On Wednesday, the decision by the United Kingdom's Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At the time, the FCA argued that crypto derivatives were ill-suited to retail investors who were at risk of incurring significant losses....

https://cryptonewsfox.com/uk-crypto-community-reacts-as-fca-derivatives-ban-goes-into-effect/

On Wednesday, the choice by the UK's Monetary Conduct Authority to ban crypto futures and exchange-traded notes lastly went into impact.The FCA initially introd

09/01/2021

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever. "Hashrate is on a tear!" commented popular pseudonymous Bitcoin trader hodlonaut three days ago. "When difficulty readjusts in 3 days, it will crush through 20T for the first time in Bitcoin history."...

https://cryptonewsfox.com/are-bitcoin-miners-bullish-btc-miners-face-biggest-difficulty-bump-in-3-months/

Bitcoin (BTC) mining issue is ready to rise by roughly 11% on Jan. 9, in response to information from BTC.com. This marks the largest enhance in practically 4 m

09/01/2021

Source: Adobe/nicoletaionescu Bitcoin (BTC) is hitting one all-time high after another, today passing over USD 41,700 but what might come next? Per many insiders, BTC still has room to go higher before a more substantial correction happens. BTC has gone up 10% in a day and 42% in a week to a price of USD 41,738 on Friday at 12:19 PM UTC....

https://cryptonewsfox.com/bitcoin-at-usd-50k-in-sight-as-theres-room-to-run-higher-before-correction/

Supply: Adobe/nicoletaionescuBitcoin (BTC) is hitting one all-time excessive after one other, right now passing over USD 41,700 however what may come subsequent

09/01/2021

Source: Adobe/Jiri Hera The bitcoin (BTC) price has been a runaway train of late and there is seemingly nothing that can get in its way. Some believe that even if one of the largest BTC whales, the US Government, decides to sell its stash now worth billions of USD it wouldn't have a material effect on the market as BTC trading volumes more than doubled in a month....

https://cryptonewsfox.com/this-multibillion-bitcoin-dump-by-us-gov-could-be-a-drop-in-the-bucket/

Supply: Adobe/Jiri HeraThe bitcoin (BTC) value has been a runaway practice of late and there may be seemingly nothing that may get in its manner. Some consider

09/01/2021

Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya. Citing a possible five or 10-year time horizon, Palihapitiya said he thinks Bitcoin will likely reach $200,000 at some point. “The reason is because, everytime you see all of this stuff happening, it just reminds you that wow our leaders are not as trustworthy and reliable as they used to be,” he told CNBC in an interview on Thursday....

https://cryptonewsfox.com/chamath-palihapitiya-sees-bitcoin-as-insurance-against-uncertainty/

Bitcoin’s (BTC) worth has risen dramatically over the previous days and weeks, not too long ago wheeling previous $40,000. An asset largely untied to governme

09/01/2021

Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months. The purchase apparently happened on Dec. 31. MicroStrategy has had a colossal month, seeing its shares move from $289 on Dec....

https://cryptonewsfox.com/morgan-stanley-now-holds-10-stake-in-michael-saylors-microstrategy/

Per a submitting with the Securities and Change Fee launched on Jan. 8, funding financial institution Morgan Stanley had acquired 792,627 shares in enterprise

09/01/2021

United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season published online suggests that the agency will now require anyone who was engaged in any transaction involving cryptocurrency in 2020 will need to declare it: "If, in 2020, you engaged in any transaction involving virtual currency, check the ‘Yes’ box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR."...

https://cryptonewsfox.com/us-crypto-firms-invest-in-tax-solutions-as-irs-updates-reporting-forms/

United States regulators are persevering with to fine-tune their tax reporting necessities for cryptocurrency customers. A second draft of Type 1040 from the In

09/01/2021

After a minor downside correction, bitcoin price started a fresh increase above USD 38,500. BTC surged over 8% and reclaimed the USD 40,000 level. It is currently (13:00 UTC) trading well above USD 40,000 and it could continue to rise towards USD 42,000 and USD 42,500.Besides, most major altcoins are recovering and rising. ETH/USD is back above USD 1,200 and it seems like it could even test USD 1,300 in the near term....

https://cryptonewsfox.com/bitcoin-reclaims-usd-40k-ethereum-and-litecoin-gain-momentum/

After a minor draw back correction, bitcoin worth began a contemporary enhance above USD 38,500. BTC surged over 8% and reclaimed the USD 40,000 stage. It's at

09/01/2021

Source: Adobe/Olga Two Japanese firms have developed a blockchain-powered alcohol trading platform that they claim will allow alcohol-loving customers the opportunity to buy, sell, hold and haggle over barrel-loads of luxury liquor – just like trading crypto. In a press release, Recika and the Japan Import System (JIS) announced that they had created a joint-venture company named UniCask. This new firm aims to release an eponymous platform, making use of blockchain technology to let traders and whiskey enthusiasts tinker with and monitor management settings including real-time humidity and temperature levels at distilleries “all over Japan,” beginning in Spring this year....

https://cryptonewsfox.com/new-platform-could-give-whiskey-fans-a-boozy-blockchain-boost/

Supply: Adobe/OlgaTwo Japanese companies have developed a blockchain-powered alcohol buying and selling platform that they declare will permit alcohol-loving pr

09/01/2021

Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms. According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the $36,000 area over the next few hours....

https://cryptonewsfox.com/bitcoin-price-volatility-spikes-as-btc-whales-sell-each-new-high/

Bitcoin value has re-established the $40,000 degree as assist however as bull push towards a brand new all-time excessive the potential of one other sharp sell-

08/01/2021

Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling pressure that saw the price dip as low as $36,600. As has been the case throughout the current rally, investors quickly purchased the dip and BTC price rallied to a new all time high at $41,940 on Jan.8....

https://cryptonewsfox.com/altcoins-sell-off-as-traders-jostle-to-hold-bitcoin-price-above-40k/

Altcoin’s current features have come underneath stress as Bitcoin (BTC) value dropped to retest decrease help ranges after reaching a brand new all-time exces

08/01/2021

A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Wednesday, Judge Dale Kimball reversed his previous decision to dismiss the lawsuit, granting the plaintiffs’ request from October 2020 to file an amended consolidated complaint. …...

https://cryptonewsfox.com/judge-reverses-own-mistaken-dismissal-of-overstock-lawsuit/

A Utah federal decide has reversed his personal dismissal of a class-action lawsuit towards on-line retailer Overstock that alleges it manipulated the market by

08/01/2021

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note January takes its name from Janus, the god of transitions and the guardian or the gates of Rome, looking always forward and backwards. So while this has been going on for over two millennia, only a week into 2021 I am thoroughly tired of retrospectives and prognostications....

https://cryptonewsfox.com/insurrections-transitions-monitoring-transactions-and-2021-jan-1-8/

Each Friday, Regulation Decoded delivers evaluation on the week’s important tales within the realms of coverage, regulation and legislation.Editor’s wordJan

08/01/2021

Source: Adobe/agnormark At the time bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record tomorrow, while the hashrate has already surpassed its own. Both buying and mining BTC has been getting tougher. Per the BTC.com, a major mining pool, estimates, mining may become the most difficult it's ever been in just a day from now....

https://cryptonewsfox.com/bitcoin-mining-difficulty-set-to-hit-a-new-peak-as-price-hashrate-hit-theirs/

Supply: Adobe/agnormarkOn the time bitcoin (BTC) worth is breaking all-time highs, the mining problem is ready to interrupt its document tomorrow, whereas the h

08/01/2021

Source: Adobe/Starline Source: Hashed Simon Seojoon Kim is the CEO and Managing Partner at South Korea-based blockchain accelerator Hashed.____ I. Bitcoin A solid and continuous Bitcoin (BTC) bull run is expected in 2021. Since the inception of Bitcoin, the amount of BTC owned by the exchanges has steadily increased. However, starting from February 2020, institutional investors have started to withdraw large volumes of BTC from these exchanges for strategic long term holding....

https://cryptonewsfox.com/2021-hashed-blockchain-crypto-market-predictions/

Supply: Adobe/StarlineSupply: HashedSimon Seojoon Kim is the CEO and Managing Associate at South Korea-based blockchain accelerator Hashed.____ I. Bitcoin A sta

08/01/2021

Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit. Credit: Source link

https://cryptonewsfox.com/price-analysis-1-8-btc-eth-xrp-ltc-ada-dot-bch-xlm-link-bnb/

Merchants are shopping for each dip and pushing Bitcoin worth to new highs each day, triggering many altcoins to comply with swimsuit. Credit score: Source lin

08/01/2021

The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees. In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees are on the rise again as demand for ETH and a resurgence in the DeFi sector accelerates. Matic Network intends to solve the DeFi and decentralized applications scalability problem by using layer-two technology for off-chain computing....

https://cryptonewsfox.com/defi-integration-and-layer-2-tech-back-matic-networks-matic-92-rally/

The exponential development of the decentralized finance sector elevated exercise on the Ethereum blockchain, and this has resulted in sluggish transaction occa

08/01/2021

Major cryptocurrency exchange Coinbase has acquired the Routefire platform for enhanced trade ex*****on. In a Jan. 7 blog post, Routefire CEO Jason Victor announced that the team would now be developing its ex*****on services for Coinbase, while thanking users for their support over the last three years. Routefire started in late 2017 with a mission to enhance trading infrastructure in the crypto market....

https://cryptonewsfox.com/coinbase-acquires-trading-ex*****on-platform-routefire/

Main cryptocurrency trade Coinbase has acquired the Routefire platform for enhanced commerce ex*****on.In a Jan. 7 weblog submit, Routefire CEO Jason Victor int

08/01/2021

Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that will include an integration with oracles by Chainlink. The inclusion of Chainlink oracles reportedly serves as protection against similar exploits. Flash loan exploits use a feature that allows borrowing an unlimited amount of funds, as long as it is also returned within the same Ethereum block....

https://cryptonewsfox.com/warp-finance-adds-chainlink-oracles-to-protect-against-flash-loans/

08/01/2021

The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan. 21, the amendment is likely to be enacted in February, Asia Today reported. It would only start levying taxes on cryptocurrencies in 2023, however. The proposal would introduce a variety of additional taxes on capital gains, with a progressive taxation schedule for gains in stocks....

https://cryptonewsfox.com/south-korea-to-introduce-a-20-tax-on-crypto-trading-profits-in-2023/

The South Korean authorities issued an modification on Wednesday to introduce a tax on earnings from cryptocurrency buying and selling.Following a legislative d

08/01/2021

Statue of Albert Gallatin, the fourth Secretary of Treasury, in front of the Department of Treasury building in Washington, D.C. Source: Adobe/Sergey Novikov The controversial draft anti-money laundering/know-your-customer (AML/KYC) crypto compliance regulations proposed by the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN) is continuing to draw criticism from critics, who claim the agency is acting out of its remit in its bid to regulate the sector....

https://cryptonewsfox.com/us-treasury-department-lacks-power-to-pass-fincen-bill-coin-center/

Statue of Albert Gallatin, the fourth Secretary of Treasury, in entrance of the Division of Treasury constructing in Washington, D.C. Supply: Adobe/Sergey Novik