The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We
Bitcoin News
Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street Trading saw a return above $43,000. Terra co-founder: ‘Most of’ $3 billion still unpurchased Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued its newly confident stride to three-week highs. The pair had already gained thanks to encouraging
The Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in Asia. Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that the price of the largest crypto by market cap has
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday
Bitcoin (BTC) the Wall Street trading session with a spike over $41,500 on March 21 as last week’s late gains endured. McGlone: Fed is saying ‘Don’t buy the dip’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing $500 into the Wall Street open to see a strong start after its best weekly close in
Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions
Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study. Using Technology to Drive Down the Cost of Healthcare A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on
Bitcoin (BTC) stayed the near top of its recent trading range on March 20 as the weekly close looked set to crack a multi-week high. Weekly close could set 4-week high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maneuvering around the upper $41,000 zone Sunday. Friday’s late surge had broadly held, and Saturday saw
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs
The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation. The crypto community has done just that with nonfungible token (NFT) companies, decentralized autonomous
Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals. Currently, the support level stands at $38,000, while the triangle resistance for daily close stands at $43,600. Bitcoin mining up, retail interest down The week started with a positive achievement
Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB). Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase
During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten
Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce. Of the 337 companies polled between Jan. 15 and Feb. 9, only 14% said they had transacted in
Bitcoin (BTC) is facing a challenging environment in 2022 due to the surging inflation and geopolitical turmoil. Although gold has outperformed Bitcoin year-to-date, Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin could make a strong comeback. McGlone expects the current circumstances to “mark another milestone in Bitcoin’s maturation.” Another bullish sign for the
Following a rise to a high beyond $41,700 earlier this week, bitcoin’s price has fallen for two consecutive sessions. Despite this, BTC continues to trade above $40,000, whilst ETH continues to hover above $2,800. Bitcoin BTC fell for its second consecutive session on Friday, as the world’s largest cryptocurrency has lost some momentum, following Wednesday’s
Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period. The broader commodity index benefited from price
Digital payment platform Paxful has partnered with nonprofit organization Built With Bitcoin Foundation and Miami Mayor Francis Suarez to advance a new education initiative centered around Bitcoin (BTC) and financial literacy. The initiative will disburse free tickets to the Bitcoin 2022 conference to local colleges and universities as part of a broader effort to enhance