Fri, February 7

Cryptocurrency Sales After 1 Year of Possession Declared Tax-free in Germany

Investors had to keep it for at least ten years before selling it out tax-free until now. The crypto market is recovering after the recent bloodbath. Because of the rising prominence of digital currencies like Bitcoin and Ethereum, the German Federal Ministry of Finance (BMF) has issued a letter that

May 13, 2022 1 min read

Emirates Airlines’ Adoption Gives Positive Hopes for Crypto HODLers

UAE airline service Emirates has planned to add Bitcoin as a payment service. However, the firm plans to launch a metaverse and NFT trading platform. The NFT collectibles will be added to the company’s website for trading. Some countries and big firms have initiated the adoption of cryptocurrencies while the

May 12, 2022 2 mins read

Central Bank of Chile Delays Launch of CBDC in the Country Till Year End

A preliminary review of a Chilean CBDC was included in a May 11 report from the bank. Cryptocurrencies are not banned in Chile, but the government is concerned. Issuing a digital Chilean peso by the Central Bank of Chile has been postponed until a more thorough assessment of the advantages

May 12, 2022 1 min read

ApeCoin (APE) Price Rebounds 45% After Hitting Extreme Lows

The correlation between ApeCoin and Bitcoin is presently at 0.90. On May 12, APE surged almost 45 percent to $7.30. ApeCoin (APE), the new cryptocurrency just established by Yuga Labs, has lately suffered enormous volatility. APE’s price fell from $26 at its high on April 28 to $14 on May

May 12, 2022 1 min read

Tether to Swap Tron TRC20 for Ethereum and Avalanche

1 billion USDT worth TRC20 swapped for ERC20, 20 million USDT worth TRC20 swapped for AVAX. Tether is stated to process around 300 million worth of redemption every day. Tether is a centralized stablecoin, its value is pegged to 1 USD. The current market scenario has caved a fear in

May 12, 2022 2 mins read

Is it the End For Terra (LUNA) And UST?

Terra LUNA, along with UST almost at their ends. Price of LUNA crumbled down to 99.69%. Will the Founder’s mitigation plan come to aid?. The time and world are highly unpredictable and so is the cryptocurrency industry and market too. With the currently ongoing crypto market crash for almost more

May 12, 2022 2 mins read

Ethereum Whales Mark the Highest One Day Activity Since January

Ethereum has been down 19.28% in the last 24 hours. Ethereum whales performed 2,956 transactions worth over $1M apiece. After falling below $2,000 versus the US dollar, Ethereum started to show signs of weakness. Below the $2,000 mark, it is more vulnerable to further declines. According to CMC, the Ethereum

May 12, 2022 1 min read

Citadel Securities and BlackRock Refute Rumors Trading TerraUSD (UST)

One of the most shared tweets on Twitter was the foundation of the conspiracy theory. In separate emails to Forbes, the companies refuted the rumors. This morning, a new low was set for LUNA, the Terra blockchain’s native coin. On May 12, the cryptocurrency fell below the $0.30 mark for

May 12, 2022 2 mins read

Whopping 324.7 Million Shiba Inu (SHIB) Burnt in Last 24 Hours

The owner of the “BlueWhale0073” wallet acquired 191,883,317,886 Shiba. Shiba Inu has been down 27.78% in the last 24 hours. The Shiba Inu community has transferred 324.7 million SHIB to dead wallets in the last 24 hours, according to a tweet from the @shibburn platform, which tracks SHIB burn transfers

May 11, 2022 2 mins read

8.3% U.S Inflation CPI Causes Panic Among Investors, Bitcoin Drops Further

With Bitcoin’s price falling, miners may be in for a rough ride as well. After the readings, other major cryptocurrencies also went negative for the day. Minutes after statistics indicated that U.S. inflation was more than predicted in April, Bitcoin (BTC) fell below $30,000 on Wednesday. As a result, the

May 11, 2022 2 mins read