Polkadot is one of the most highly anticipated blockchain networks, forming a scalable ecosystem set to rival, or rather complement, the most established dApp platform, Ethereum. The potential of Polkadot is already recognized by over 350 projects building out smart contracts,...
After slipping to a low of $1300 earlier on Sunday, the world’s second-largest cryptocurrency Ethereum is steadily consolidating around $1550 levels over the last 48 hours. However, it seems that ETH whales are scooping the most ETH coins during the recent...
The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities.
Source: IRS clarifies reporting requirements for crypto bought with fiat...
In quite a welcome move for the crypto industry, SEC Chairman nominee Gary Gensler recently responded to questions about blockchain, crypto, and Bitcoin, in a positive manner. Speaking at the nomination hearing, Gensler sounded very much positive about Bitcoin and crypto...
Bitcoin bounces off short-term support at $47,000 as bulls nurture the uptrend to $52,000. Bulls must defend the support at the 50 SMA on the 4-hour chart to avoid retreats toward $42,000. Bitcoin embraced support at $47,000 on Tuesday following the...
Ethereum is on the verge of a breakout, but first, it must break the 50-day resistance. A step beyond the ascending channel’s middle boundary will open the door for gains aiming for $2,000. Ethereum managed to sustain the uptrend above $1,400,...
Separate instances this morning saw a billionaire embrace the crypto sector and a regulator move away from it. One steps into crypto Dan Loeb, founder and billionaire investor of Third Point, a New York-based hedge fund, said in tweets yesterday that...
New York-based cryptocurrency asset managers Grayscale bought over 174,000 Litecoin over the past month. This is the equivalent of 80% of all mined LTC in February. In the past month @Grayscale Trust has purchased over 174,000 Litecoin. This is approx 80%...
The Senate held its first hearing on Gary Gensler’s nomination to chair the SEC today.
Source: Gensler sticks up for Bitcoin before Congress, but doesn’t say much new...
Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575. A breakdown to $0.3 is anticipated, especially if the triangle pattern’s lower trendline is shattered. Ripple’s uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has...
