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Crypto News - Liquidity Provider: Business & FinTech Media

News: Crypto

Welcome to the crypto news section, the premier destination for comprehensive and up-to-date information on all things related to cryptocurrencies. Serving as an essential resource for enthusiasts and investors alike, this page offers insights into the dynamic world of digital assets - encompassing everything from real-time price fluctuations to announcements of innovative projects and crucial regulatory changes. Here we've got the pulse of the cryptocurrency market covered to ensure you stay informed.

Yes, NFTs Can Be Taxed, Too

Yes, NFTs Can Be Taxed, Too According to industry publication DappRadar, collectors went on a buying spree for non-fungible tokens, or NFTs, last year, pushing sales up to $24.9 billion in 2020 from $94.9 million in 2020, and many are only now realizing that an unexpected guest wants in on the fun: the Internal Revenue Service.

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Ethereum Mining Is Going Away, and Miners Are Not Happy

Ethereum Mining Is Going Away, and Miners Are Not Happy The recent crypto market crash has been tough on those whose financial well-being is linked to digital currencies. As of June 15, Ether prices have fallen by around 70% since the start of the year. This is made worse by the so-called "Merge," which is set to end Ethereum mining and cut off income for up to 1 million people.

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Crypto Debacle at Celsius Rattles Market Already Shaken by Terra

Crypto Debacle at Celsius Rattles Market Already Shaken by Terra In May's collapse of the TerraUSD (UST) stablecoin and its sister token Luna captivated the attention of investors, but one of the main attractions of the project had been its promise of a 20% interest rate on UST deposits to Terra's blockchain-based lending project Anchor.

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Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos

Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos The S&P 500 Index sank 2.4 percent on Thursday, while the Nasdaq dropped almost 3 percent. Cryptocurrencies should, in principle, trade autonomously of traditional financial markets, but they have mostly proven to be connected with other assets, such as stocks or commodities.

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The Hotel in Dubai now Accepts Cryptocurrency Payments

The Hotel in Dubai now Accepts Cryptocurrency Payments Many other Dubai food and beverages service operators have started integrating crypto payments over the past few months. As the regulatory framework starts to provide more clarity, there remains a high possibility that many other service operators might join the crypto bandwagon.

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PayPal Is Pushing Further Into Crypto as Payments Competition Heats Up

PayPal Is Pushing Further Into Crypto as Payments Competition Heats Up PayPal (PYPL) said on Tuesday that its app will now accept crypto transfers to other digital wallets and exchanges, making it significantly more useful for peer-to-peer transfers and transactions through other brokerages.

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Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly

Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly However, as Terra backers strive to cobble together their own blockchain, crypto investors should be cautious. A procedure might claim that an interest rate is risk-free, but when it is based on an unproven model, danger lurks around every corner. Discover

Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell Off

Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell-Off Bitcoin's price has risen in the last 24 hours and is now well above $29,500. The largest cryptocurrency's relative strength comes amid a rough day for US markets on Wednesday, with a selloff that continued into Thursday.

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Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses

Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses Babel Finance reports that the market-cap dominance of the currency has increased significantly during the last selloff, soaring to 45%, the highest level from the beginning of the year. As analysts at the firm said in a note, "altcoins are at their worst."

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Robinhood Launches New No-Transaction Fee Crypto Wallet

Robinhood Launches New No-Transaction Fee Crypto Wallet There is already a web-based custody wallet on Robinhood's website for users' assets. As with most cryptocurrency companies, the assets are not covered by any government guarantee, such as that provided by the Federal Deposit Insurance Corporation.

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Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days

Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days Bitcoin fell 5.9 percent in 24 hours through noon Eastern time on Saturday, to $28,782, in trading on Coinbase Global's platform (COIN). The cryptocurrency is down 20% this week, while the token is down 58 percent since its top above $69,000 in November 2021.

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Bitcoin Falls. Cryptos Pressured As Stablecoin Terra’s Meltdown Intensifies

Bitcoin Falls. Cryptos Pressured As Stablecoin Terra’s Meltdown Intensifies "Bitcoin will encounter short-term resistance near $32,500, followed by $35,000," Moya predicted. "On the downside, Bitcoin will attempt to maintain the $30,000 level, with $28,500 offering significant support."

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Elon Musk Is a Crypto Fan. What the Twitter Deal Means for Bitcoin and Dogecoin

Elon Musk Is a Crypto Fan. What the Twitter Deal Means for Bitcoin and Dogecoin Musk may make a huge step by urging Twitter to purchase Bitcoin as a treasury asset, as he has done with Tesla and SpaceX. "Given Twitter's presence in US politics and society, the firm acquiring Bitcoin to store on its balance sheet would be a significant event," Savic added.

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Regulators May Be Missing the Weakest Link in Crypto

Regulators May Be Missing the Weakest Link in Crypto A representative for the Treasury Department declined to comment. Similarly, other legislators' plans have neglected or even deliberately omitted the establishment of safeguards around algorithmic stablecoins.

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Chip Makers to EV Production What is New in Crypto and Stock Market

Morning Brief: From Chip Makers to EV Production & What is New in Crypto and Stock Market so Far On Monday, bitcoin fell to slightly around $39,000, reaching one-month lows, while ether fell below $3,000 as risky assets such as cryptocurrencies continued under pressure from global central banks' plans to tighten monetary policy. Discover

Ether Is Struggling As Its Network Hits A Setback

Ether Is Struggling As Its Network Hits A Setback Developers also intend to develop "shards" of the blockchain to support a broader range of transactions with greater throughput. These could help Ethereum scale up and minimize the high transaction fees that infrastructure managers are now charged.

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