Companies and individuals in Switzerland can now pay taxes up to 100,000 Swiss francs (about $110,000) paid in Bitcoin or Ether. Authorities in Switzerland announced today that it planned to accept premier cryptocurrencies Bitcoin (BTC) and Ether (ETH) for tax payments from February 2021 onwards, according to a report from the Associated Press. The decision...Read More
Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021. Zug Canton Partners with Bitcoin Suisse for Crypto Tax Payment According to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of...Read More
Ethereum has been carrying the burden of weak, yet vital, fundamentals for the majority of August. With its value performing exceptionally in the market, most people are overlooking the fact that this was largely possible only due to the involvement of DeFi, and not ETH interest or adoption. Santiment’s latest tweets, however, have re-stated a...Read More
Being one of the most powerful men in the world offers no immunity from the tricks and wits of scamsters. This was evidenced a few hours ago after the Twitter account of Indian Prime Minister Narendra Modi’s website was hacked by “John Wick,” a few weeks after a wider attack was orchestrated against the likes...Read More
The California based financial services company, Robinhood Markets Inc faces a civil fraud investigation by the U.S Securities and Exchange Commission over its deals with high-speed trading firms, according to a report in the Wall Street Street Journal. Robinhood allegedly failed to fully disclose its practice of selling clients’ orders to high-speed trading firms, the...Read More
BiLira (TRYB), Turkey’s first stablecoin which is backed by the Turkish fiat currency lira announced on twitter that the token has been listed on the Bittrex Global crypto exchange. The announcement detailed that the ERC-20 token will be available for trading starting from today. Global Bittrex, a U.S based cryptocurrency trading platform, also joined the...Read More
Crypto wallet and gateway to blockchain apps, MetaMask has announced in a tweet that it will soon launch its mobile apps on the App Store as well as Google Play. In case you missed @mattleising’s article, #MetaMaskMobile is coming very soon! Register here to get notified when the app is available in the Apple App...Read More
The start and conclusion of August echoed a similar note for Ethereum; both witnessed the beginning of a bullish rally. In between, the markets were extremely choppy but according to Deribit’s August Institutional Newsletter, the altcoin registered another positive month in terms of derivatives activity. According to the newsletter shared with AMBCrypto, Ethereum’s turnover growth...Read More
Ethereum noted a substantial spike in its value on 1 September as the crypto market rallied. The value of the second-largest cryptocurrency increased from $429.66 to $473.53, reporting a peak last seen two years ago as the price was retracing from the bull run. As the price of the digital asset experienced a boost, its...Read More
Ethereum showed strong momentum as it zoomed past its resistance to post strong gains. It was eyeing the next level of resistance at $510 as an upside target in the coming days. Zcash showed a strong upward trend in the past few days while FTX Token was soaring to new heights, but might experience a...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The prediction should materialize in the next couple of weeks. Mainly mirroring the end of July, the end of August seemed to have kickstarted another bullish rally for Ethereum. From the 2nd week of August...Read More
Five months after the project was unveiled, Binance announced the launch of its Binance Smart Chain blockchain today, which enables creation of smart contracts and allows users to stake BNB, Binance’s very own token. The blockchain is compatible with Ethereum Virtual Machine, which may increase the utility of both Binance Chain and the BNB token....Read More
The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get...Read More
For the longest time, trust has always been missing from the digital asset industry. 2017’s ICO boom, during which innumerable altcoins and shitcoins were shilled, did little to reverse this sentiment in the minds of many. In fact, now, there is a common consensus that suggests that the industry has put the crypto-demons of 2017...Read More
Like Bitcoin, Ethereum didn’t show a lot of strength among buyers or bulls, at the time of writing. In fact, ETH’s price looked toppy. After tapping the $420 level 6-7 times in less than two weeks, ETH might go under it once again. On the daily time frame, ETH’s price was showing signs of what...Read More
Yes, Tron’s Justin Sun just named a meme coin after himself CEO of Tron Foundation, Justin Sun announced the launch of $SUN, Tron Network’s first meme coin that will be mined to fund Sun Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source smart contracts. (1/5) I am glad to announce...Read More
Darwin’s theory of natural selection, and by extension, the idiom “Survival of the fittest,” is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only ‘fit’ candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength...Read More
More than 1.1 million test Ether (ETH) tokens are now staked by validators on Ethereum 2.0’s Medalla test network. Validator participation is trending at 74 percent, which is well above the 66 percent threshold. The average staking balance of 32 ETH has been maintained by validators, who are now almost 38,000. This comes amidst the...Read More
As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄...Read More
Yield farming has been quite the rage lately, with some going as far as calling it the “rocket fuel” that DeFi needs. The hyperbole is well and good, but the question remains – Is Yield Farming the real deal? Or is it yet another one of those brief fancies that often catches the eye of...Read More
Ethereum’s growth in the year 2020 has been quite astounding. Not only has the decentralized finance platform built on top of it prospered, but the integration of prominent stablecoins like Tether [USDT] has contributed to the same too. While the onboarding of projects did attract a lot of interest from crypto-users, it also highlighted cracks...Read More
The expiry of contracts worth $80M on 28 August 2020 was accompanied by a 3.29% change in Ethereum’s price on spot exchanges. Usually, major expiry events such as this affect the price of Ethereum since they bring about change in liquidity, Open Interest, and Put/Call ratios. However, off-late, the relationship between the expiry of contracts...Read More
At the time of writing, Ethereum was trading just beneath a level that could be pivotal for setting an uptrend. Failure to breach this resistance might consign Ethereum to testing lower ranges on the charts for a while. Further, Algorand and Decred were noting very little momentum in the market, with traders watching from the...Read More
Every day brings something new to the cryptocurrency market as the DeFi craze continues to boom and surprise. Announced on August 26th, the SushiSwap project is attempting to take the concept behind the leading decentralized exchange protocol, Uniswap, and offer an alternative with further incentives to liquidity providers. Enters SushiSwap: What is it? In an...Read More
A recent report released by Chainalysis revealed how U.S officials including the FBI, among other agencies, investigated the recent case of cryptocurrencies stolen by the Lazarus Group, a North Korea-affiliated hacker group. It was published soon after the U.S. Department of Justice forfeited 280 crypto-accounts involved in the laundering of approximately $28.7 million worth of...Read More
Neo, a public blockchain and smart contracts platform announced that it has integrated with the Coinbase-led open-source project Rosetta. Neo integrates with #Rosetta, an open-source project led by Coinbase. We look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.https://t.co/Nl8nF3OW4G — Neo Smart Economy (@Neo_Blockchain) August 28,...Read More
SBI Holdings, a financial services company based in Japan announced addition of CFDs for premiere cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP. The trading will begin on 31 August on SBI FX which is SBI Holdings’ retail forex brokerage platform. These contracts for differences or CFDs allow traders to settle the differences between the...Read More
Ethereum has been the leader of the market’s altcoins for a long time now, with the cryptocurrency marking out its own route for the season with its own rallies. However, while it did follow a similar trend as Bitcoin, it also managed to report greater growth, with traders supporting its high price on the charts....Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Ethereum market and its impact on the price Etheruem has gotten off its rallying horse, with the cryptocurrency noting a significant dip in value over the past week. There have also been issues related to the gas price due to congestion on...Read More
Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead. Removing ETH From The Picture The official announcement explained...Read More
