Fish food? Data shows retail investors are buying Bitcoin, whales are selling
The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000. Go to Source Powered by WPeMatico
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Cardano: ADA price eyes 30% rally with a potential ‘triple bottom’ setup
The only glitch in the bullish setup, for now, remains the Federal Reserve’s taper acceleration plans. Go to Source Powered by WPeMatico
Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto … Read more
China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, … Read more
French central bank pilots blockchain-based CBDC for debt market
Led by Belgian financial services firm Euroclear, the latest French CBDC trial involved a system by tech giant IBM. Go to Source Powered by WPeMatico
Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets
On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at the helm,” after El Salvador’s … Read more
Altcoin roundup: There’s more to DeFi than just providing liquidity
Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi. Go to Source Powered by WPeMatico
3 reasons why a Bitcoin ETF approval will be a game changer for BTC price
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price. Go to Source Powered by WPeMatico
Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar. Go to Source Powered by WPeMatico
Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank also plans to keep interest rates at near-zero. … Read more
