Bitfarms Ltd, a Canadian Bitcoin mining company, announced its financial results for the first quarter ended March 31, 2022. Bitfarms said on Monday that it has mined 961 Bitcoin (BTC) at an average c...
Tag: news
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network. In a series of tweets, Kwon suggested: “The Terra c...
Portugal to Tax Cryptocurrency Income According to Minister of Finance – News Bitcoin News
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated...
Portugal to Impose Taxes on Cryptocurrencies
Portugal’s government has announced plans to tax crypto income. Fernando Medina, Portugal’s new finance minister, announced in the parliament on Friday that crypto coins will be subject to taxa...
Spotify Says Testing New Feature to Allow Artists Promote NFTs
Spotify announced on Monday that it is testing a new feature that will allow artists to promote their non-fungible tokens (NFTs) on their profiles. The Swedish audio streaming and media services provi...
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products – Regulation Bitcoin News
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator als...
Winners, News And Notes On May 16, 2022
Bobby Lashley vs. Omos Credit: WWE.com WWE Raw advertised a big Steel Cage match pitting Bobby Lashley against Omos. This is the rubber match after the two faced off at WrestleMania 38 and WrestleMani...
Australia Tax Office Says Crypto Under Focus This Tax Season
The Australian Tax Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured. According to the tax watchdog, any ...
PlanB Says Bitcoin Has Bottomed Out for New Bull Run
A crypto analyst and creator of the Stock-2-Flow (S2F) model has a bullish forecast for the world’s largest digital currency. According to PlanB, it became glaring in the first quarter of this year th...
Occidental Petroleum Continues to Target Higher Prices
Occidental Petroleum (OXY) is making a new 52-week high Monday as crude oil futures resume their rise. In our February 24 review of OXY and the VanEck Oil Services ETF (OIH) , we were bullish with a...
After Terra’s UST, This Stablecoin Loses it’s Peg.What’s The Future Of Stablecoins? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After U...
Grayscale Debuts First European ETF
Grayscale Investments has announced the launch of its first exchange-traded fund (ETF) product in the European Economic Area. According to a press release published by the firm, the new ETF product is...
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions – Regulation Bitcoin News
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with th...
After UST Depeging, NFTs Will Be The Next Most Demanded Area – Coinpedia – Fintech & Cryptocurreny News Media
The Non-Fungible Tokens (NFTs) have come a long way from the time when only celebrities used to create and sell for millions. But today NFTs have become a mode of the thing of their own. These NFTs ca...
Terra’s Fork, Terra Classic ($LUNC) : Do Kwon’s New Revival Plan To Save LUNA Foundation – Coinpedia – Fintech & Cryptocurreny News Media
Terraform Labs CEO and co-founder Do Kwon has announced forking the Terra network into a new chain. 3/ Currently, these key precepts underpin most schools of thought:– The #LUNAtic community is unpara...
Bitcoin Is Mainly Used in Underground Economy for Illicit Activities – Featured Bitcoin News
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin ...
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF – Finance Bitcoin News
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and D...
Is It Time to Jump Back Into Ford? Here’s How to Trade It
The recent news has been messy. On Friday, Ford Motor (F) sold another 7M shares of electric vehicle start-up Rivian Automotive (RIVN) for about $188M. Ford had sold 8M shares of RIVN earlier in the w...
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year – Bitcoin News
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to t...
SoFi Technologies Is Primed for a Rebound
By BRUCE KAMICH May 16, 2022 | 08:50 AM EDT Stocks quotes in this article: SOFI A fundamental analyst at Piper Sandler raised their rating on SoFi Technologies ( SOFI) to “overweight” Mond...
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First – Featured Bitcoin News
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a ...
XMR and SOL Higher on Monday – Market Updates Bitcoin News
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. ...
Inflation Numbers Could Decide Next Direction for Crypto Markets, Here’s How and Why – Coinpedia – Fintech & Cryptocurreny News Media
What a week! Its May or Mayhem? The markets continued to crash the whole week without any relief, which was fueled by weak global cues from the US market, the Luna fiasco, as well as the devaluation o...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries – Bitcoin News
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since ...
BTC Below $30,000 to Start the Week – Market Updates Bitcoin News
Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH ho...
David Marcus Launches Bitcoin Payments Startup Lightspark – Bitcoin News
David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as...
Bitcoin, Ether and Other Top Cryptos See Minor Market Recovery
The crypto market has indicated some signs of little recovery with major crypto coins trading slightly higher on Monday. The global cryptocurrency market cap is currently trading slightly higher at $...
Texas Bitcoin Miners Agree to Reduce Power Usage
The Texas Blockchain Council, a trade association representing the Bitcoin mining industry in Texas, announced on Saturday that crypto miners have responded to the conservation notice issued by ERCOT ...
Bitcoin and Ethereum To Outperform Stocks, Here’s Why – Coinpedia – Fintech & Cryptocurreny News Media
Following the recent price drop that impacted all asset classes, Bloomberg Intelligence analyst Mike McGlone believes the top two cryptocurrencies by market cap will lead to the largest returns. McGlo...