Cryptonews

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Cryptonews

Get ‘Mentally Ready’ for Lower Bitcoin Prices as Rates Rise, Bitcoin 2022 Panelists Warn

Posted: 08 Apr 2022 08:28 AM PDT

 
The macroeconomic landscape for bitcoin (BTC) could become more difficult to navigate as the US Federal Reserve continues to raise interest rates. However, bitcoin is the only way to transition to a new monetary standard, panelists at a discussion on the current macro backdrop at Bitcoin 2022 have argued....
Read More: Get 'Mentally Ready' for Lower Bitcoin Prices as Rates Rise, Bitcoin 2022 Panelists Warn

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UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto Services to Russia + More News

Posted: 08 Apr 2022 08:02 AM PDT

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto Services to Russia + More News

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April is Historically ‘Very Strong Month’ for BTC; AVAX & LUNA Show Potential - Analysts

Posted: 08 Apr 2022 07:00 AM PDT

 
April has historically been one of the strongest months for the crypto market, with bitcoin (BTC) rising by 46% on average, according to major crypto exchange Kraken. However, there are also other ecosystems to look out for, with Avalanche (AVAX) and Terra (LUNA) being among the most promising, argued crypto trading platform ByBit and the on-chain analytics platform Nansen. ...
Read More: April is Historically 'Very Strong Month' for BTC; AVAX & LUNA Show Potential - Analysts

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Cardano/IOHK Plans to Launch the Ethiopia Student Blockchain Project in ‘Next Two Months’

Posted: 08 Apr 2022 06:00 AM PDT

 
A project the team behind Cardano (ADA) to equip students in Ethiopia with digital identities and credentials is moving forward, with a planned launch of the first phase set to happen "in the next two months."
John O'Connor, Director of African Operation at Cardano development firm Input Output Global (IOHK), commented on the team's progress in the African nation, telling Cryptonews.com that,...
Read More: Cardano/IOHK Plans to Launch the Ethiopia Student Blockchain Project in 'Next Two Months'

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Bitcoin and Ethereum Fluctuate, NEAR Pauses

Posted: 08 Apr 2022 05:08 AM PDT

 
Bitcoin price is trading in a range above the USD 43,000 level. BTC is currently (11:55 UTC) moving below USD 43,500 while a move above USD 44,000 is a must for a decent increase. BTC is now down almost 1% in a day.
Besides, most major altcoins are consolidating. ETH tested the USD 3,300 resistance while XRP is facing a major challenge near the USD 0.80 level. ADA is stuck below USD 1.10.
Total market capitalization...
Read More: Bitcoin and Ethereum Fluctuate, NEAR Pauses

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Bitcoin Lags Behind Ethereum & Altcoins Despite Strike, Robinhood, and Legal Tender News

Posted: 08 Apr 2022 03:48 AM PDT

 
The bitcoin (BTC) price lagged behind ethereum (ETH) and other major altcoins today, despite a series of bullish news announcements coming from the Bitcoin 2022 conference in Miami, USA.
At 09:50 UTC on Friday, BTC stood at USD 43,644, up just 0.6% for the past 24 hours and down 4% for the past 7 days. ...
Read More: Bitcoin Lags Behind Ethereum & Altcoins Despite Strike, Robinhood, and Legal Tender News

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Surging Consumer Interest in Crypto is Accelerating eCommerce Adoption - Survey

Posted: 08 Apr 2022 03:28 AM PDT

 
The global adoption of cryptoassets for eCommerce is gaining speed -- as 40% of 18-35-year-olds plan to pay for goods and/or services with crypto in 2022, according to a recent report released by global payments provider Checkout.com.
This figure is up from less than 30% recorded last year. 
The report presents the findings of a survey of 30,000 consumers and 3,000 merchants in 11 countries, the company said in a statement....
Read More: Surging Consumer Interest in Crypto is Accelerating eCommerce Adoption - Survey

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Crypto-Powered Ukrainian Charity Launches Debit Card for War Victims

Posted: 08 Apr 2022 02:12 AM PDT

 
The crypto community-backed charitable venture that earlier received a USD 2.5m fund boost from the Ethereum (ETH) co-founder Vitalik Buterin has announced it has launched a charity crypto debit card that will allow Ukrainian users to access funds and humanitarian aid....
Read More: Crypto-Powered Ukrainian Charity Launches Debit Card for War Victims

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WeChat Pay to Offer Digital Yuan Payment Options as China’s CBDC Pilot Expands

Posted: 08 Apr 2022 12:19 AM PDT

 
The Chinese e-pay platform WeChat Pay has unveiled a digital yuan interoperability solution that will allow users of the service to make payments in the central bank-issued token.
As reported, the central People's Bank of China (PBoC) has recently expanded the number of cities included in its pilot for the digital CNY to include the financial and industrial hub of Guangzhou and other major urban centers....
Read More: WeChat Pay to Offer Digital Yuan Payment Options as China's CBDC Pilot Expands

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Bitcoin and Ethereum Try to Recover, ETC and NEAR Rally

Posted: 07 Apr 2022 09:18 PM PDT

 
Bitcoin price formed a base above the USD 43,000 level and moved above USD 43,500. It is currently (04:05 UTC) trading in a range near USD 43,600, with a key breakout zone near the USD 44,000 level.
Besides, most major altcoins are attempting a recovery wave. ETH must clear the USD 3,300 resistance level to accelerate. XRP might continue to struggle near the USD 0.80 level. ADA is still consolidating below USD 1.10.
Total market capitalization...
Read More: Bitcoin and Ethereum Try to Recover, ETC and NEAR Rally

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Russian Trade Ministry Wants Bitcoin Miners to Use Domestic Hardware

Posted: 07 Apr 2022 05:00 PM PDT

 
The Russian Ministry of Industry and Trade has stated that it wants to create a legal system that would oblige Bitcoin (BTC) and crypto miners operating in the country to prioritize domestically produced mining hardware and apps – and buy from Russian providers when possible....
Read More: Russian Trade Ministry Wants Bitcoin Miners to Use Domestic Hardware

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A Small Survey Shows that US Crypto Investors Have Big Problems with Taxes

Posted: 07 Apr 2022 02:00 PM PDT

 
Amid the looming April 18 tax filing deadline in the US, as much as 96% of surveyed crypto investors had not filed their tax returns as of March 27, and 74% want more information on how to file taxes from their crypto exchanges, according to a small survey commissioned by crypto portfolio tracking and tax compliance specialist CoinTracker. ...
Read More: A Small Survey Shows that US Crypto Investors Have Big Problems with Taxes

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NFT Market Shows Signs of Maturing as Sales Expand Beyond Ethereum

Posted: 07 Apr 2022 12:00 PM PDT

 
Between January and March 2022, non-fungible token (NFT) trading volumes cooled down from a hot January start, but the number of trades increased significantly in networks outside Ethereum (ETH) -- indicating an expanding NFT market with broadening adoption across the ecosystem, according to a recent report released by and dapp information provider DappRadar....
Read More: NFT Market Shows Signs of Maturing as Sales Expand Beyond Ethereum

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'Bitcoin Is Being Embraced' by the Government & Regulatory Future Is ‘Bright’ - MicroStrategy's Saylor

Posted: 07 Apr 2022 10:25 AM PDT

 
Bitcoin (BTC) is "being embraced" by the US Government, and the regulatory future for the asset is bright, MicroStrategy CEO Michael Saylor said during a discussion at the Bitcoin 2022 conference on Thursday....
Read More: 'Bitcoin Is Being Embraced' by the Government & Regulatory Future Is 'Bright' - MicroStrategy's Saylor

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Janet Yellen on Crypto Regulation, UFC's Bitcoin Bonuses, 'Largest Crypto Merger' + More News

Posted: 07 Apr 2022 09:05 AM PDT

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Janet Yellen on Crypto Regulation, UFC's Bitcoin Bonuses, 'Largest Crypto Merger' + More News

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Honduras’ Roatán Island, Portugal’s Madeira to ‘Adopt Bitcoin’, Mexican Senator Sends Bullish Sign Too

Posted: 07 Apr 2022 08:38 AM PDT

 
The island of Roatán in Honduras and Portugal's Madeira region are both set to "adopt bitcoin," while a Mexican senator hinted that new talks about making bitcoin legal tender in this country about to begin....
Read More: Honduras' Roatán Island, Portugal's Madeira to 'Adopt Bitcoin', Mexican Senator Sends Bullish Sign Too

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