A selling trend began for Bitcoin miners in May as prices dropped sharply. The prices fell to an 18-month low point and got the marketing bleeding excessively. More Bitcoin miners have been forced to sell their assets as the price dropped further. As the cost of electricity also increases, miners sell to keep up with…
Babel Finance has been able to address some of its closest liquidity problems. The Hong Kong-based crypto lender reached a debt settlement deal with some counterparties it has. Necessary Deals Across Every Table It was initially reported that the firm temporarily suspended redemption and withdrawals. The event which took place on the 17th of June…
Over the years, Bitcoin has maintained its status among the top ten assets globally. It was even dubbed the best-performing asset. However, the recent market crisis has driven it from the top ten. With a total valuation of over $390 billion, BTC is in the 16th position. High-profile conventional financial products have since overtaken the…
Cryptocurrencies such as BTC and ETH are gaining widespread popularity and adoption. They are becoming an alternative to conventional financial assets. As a result, nations are taking steps to govern and tax the nascent asset class. Also, it has revealed penalties for those who evade crypto tax payments. In the US, the agency tasked with…
In the latest news, a Russian institute is working on establishing a sandbox. The project aims at improving crypto payments across borders. In addition, the sandbox will help to identify possible technological and regulatory challenges. As a result, the institute will be able to tackle them before full implementation. Russia Ready To Test Cross-border Crypto…
According to new proposals to existing Brazilian law, crypto payment may become legal soon. Also, the amendment will protect the private keys of crypto users from court orders. As a result, a court can not give orders to seize the key of a crypto wallet. However, it has the power to order exchanges to freeze…
An Innovator’s Perspective Charles Hoskinson has said the bearish trend in the crypto market is not all bad. In an interview with Yahoo! Finance, the Cardano creator said the conditions create an environment for technological progress. Hoskinson was more concerned about the new opportunities the downturn might be presenting. He said that bullish markets can…
A Relief Nonetheless Bitcoin has witnessed a long stretch of volatility for several weeks this year. They seem the most hard-hit by the general downturn in the global crypto crash. However, it recently managed to record a weekly green candle for the first time in several weeks. While putting this together, the king coin is…
The passed bill in the New York Senate, which gained 36 votes against 27, has got approval. The bill was approved by the lower chamber in accordance with the law’s provision. The law now awaits the assent of Gov. Kathy Hochul within ten days. The new law is going to place a moratorium period of…
Bears at the Helm The general crypto market saw a brief rally early this week. But the market has, once again, lost the steam of momentum. Ethereum, the second-ranking crypto asset has consequently dropped by 6% early Thursday. The coin has fallen again closer to $1,800. This reveals that bears are still firmly in control…
The government of Germany has recently imparted very good news for the cryptocurrency investors in the region. According to the latest state announcement, the investors in Germany can sell their cryptocurrency reserves like Bitcoin and Ethereum without having to pay any taxes to the government even after one year of possession. The same tax exemption…
SBI Motor Japan is one of the biggest used car eCommerce retailers in the world. The organization allows the people to list their used Japanese vehicles online and allow others to make purchases after talking to the sellers and checking the condition and credentials of the used car. This type of platform does not qualify…
