Thu, September 3

Can Bitcoin Help the US Combat Monetary Inflation?

As inflation began surging up in late March, the growth of the global economy slowed down.  The US Federal Reserve led by Jerome Powell chose to raise the interest rates to combat inflation and restore price stability in their economy. The interest rate hiked to its 22-year high and the

May 31, 2022 2 mins read

CBDT of India Plans to Define NFT Tax Framework to Remove Uncertainties

Tokens like NFT are included in the VDA’s definition regardless of their names.  The government of India now levies a VAT of 18% on crypto exchange transactions. Guidelines on the scope of virtual digital assets are anticipated to be released ahead of the June 15 first due deadline for advance

May 30, 2022 2 mins read

Bitcoin (BTC) Price Rebounds, Giving Investors Sigh of Relief

Bitcoin has been up 4.17% in the last 24 hours. JPMorgan Chase analysts now think that Bitcoin has “significant upside potential”. A 15 percent increase from the 18-month low it struck in the middle of May brought the price of Bitcoin (BTC) back to over $30,000 on May 30. The

May 30, 2022 2 mins read

Bitcoin’s 9th of Week Red Zone

The king of the Crypto market Bitcoin (BTC) still bears haven’t yet left the ground and it  crashed Bitcoin and setting a new 9th week of Red candle in a row.   Bitcoin closed the week in the red and its losing streak set a new nine weeks Red candles record.

May 30, 2022 1 min read

Bank of Russia Speeds Up Ruble’s Digital Counterpart Launch

Russian central bank had initially planned to begin the digital ruble pilot. Digital ruble wallets were established using mobile applications. Moscow has been persuaded by sanctions imposed over its invasion of Ukraine to speed up the construction of the ruble’s digital counterpart, Forbes reported in Russian, citing CBR First Deputy

May 30, 2022 2 mins read

11,258 Bitcoin (BTC) Worth 329,220,439 USD Transferred From Unknown Wallet

The transaction took place on Sunday, May 29th, at 10:16:51 UTC. The BTC price was able to find some support at around $28500. Despite strong support at that level, the Bitcoin (BTC) price was pounded down from a falling trend line exhibiting a descending triangle pattern at $28500. Three weeks

May 29, 2022 1 min read

Reserve Bank of India Reveals Launch Plans of Upcoming CBDC

In February, Finance Minister Nirmala Sitharaman announced a digital currency launch. There is still no official regulation on crypto in India. For 2021-22, the Reserve Bank of India (RBI) produced an annual report. One of the numerous subjects covered in the paper is India’s central bank digital currency (CBDC). “The

May 29, 2022 2 mins read

Traders Worried Despite Bitcoin (BTC) Price Short-term Rally

Since yesterday, the volume has dropped by over a quarter of a percent. After the fall, the crypto market lost billions, putting Bitcoin in danger. It’s deja vu all over again for the largest crypto, Bitcoin. It has already lost eight straight days and is doomed to keep going downhill.

May 29, 2022 2 mins read

MicroStrategy CEO Michael Saylor Talks About Bitcoin On Tucker Carlson Tonight

Saylor praises Bitcoin as an instrument of the economic empowerment.  The stocks of MicroStrategy (MSTR) are trading up 1.52% in the last 24h. Michael J.Saylor, CEO of Microstrategy, showed up on the Tucker Carlson Tonight, an American talk show on Fox News, on Monday to talk about Bitcoin. Saylor has

May 28, 2022 2 mins read

Bears Control Brings Bitcoin (BTC) Break Key Support levels Raising Concerns

Bitcoin’s decline, according to JPMorgan, seems to be a sign of surrender. Support at $28,630 was a crucial support level and was broken again by the bears. Bitcoin (BTC) and other cryptocurrencies haven’t followed the stock market’s upward trend since the 25th and 26th of May. As a result, traders

May 27, 2022 2 mins read