Wed, September 16

U.S. Dollar Hits Two Decade Peak As Indian Rupee Reached Life-Time Low

DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition to reach its highest level since July 2002. As sterling fell to a record all-time low, the dollar index kept surging and flipped the RSI

September 26, 2022 2 mins read

California Governor Vetoes Crypto Regulation Bill

Despite having until September 30th to make a choice, Newsom vetoed the legislation. Newsom thinks his study has to be taken into account before a licensing framework. Assembly Measure 2269, a crypto oversight bill, has been vetoed by California Governor Gavin Newsom. A unique license from the California Department of

September 25, 2022 2 mins read

Young Canadian Crypto Trader Being Sued For Defrauding

The Ontario man has had $2 million worth of property seized by the authorities. About 140 investors have come forward with information to help in the case. Canadian trader and self-proclaimed “Crypto King” Aiden Pleterski, age 23, is being sued for failing to repay at least $35 million to investors.

September 25, 2022 1 min read

Resurgent Strength of USD Negatively Affects Crypto Market

The dollar’s appreciation may be attributed to the Federal Reserve raising interest rates. As the supply of dollars dwindles, investors will have less money for riskier assets. Bitcoin is struggling to compete against the US currency. On Friday, the dollar index (DXY), which tracks the value of the dollar relative

September 25, 2022 2 mins read

Bitcoin HODL Reaches 5-year High Despite Bears Dominance

Since the beginning of 2017, a total of 7,495,059.588 BTC have been held in ‘HODL’.  Expert cautioned investors to hold off on buying BTC at the present time. As Bitcoin struggles to make a meaningful positive move this year, the cryptocurrency markets are putting investors to the test. It has

September 25, 2022 1 min read

Top 10 Cryptocurrency by Trading Volume, Tether Beats Bitcoin?

Tether (USDT) has a trading volume of 34 billion, which increased by 70.62%. Ripple price increased by more than 30% in the last 7 days. After facing a long bear trend, the month of September started with greens on the crypto market. As it, the price and trending volume of

September 25, 2022 2 mins read

CBK Believes Converting Kenya’s Reserves to Bitcoin Is Craziness

Studies have indicated that Kenyans are increasingly using or investing in cryptocurrency.  In a recent YouTube video, Njoroge questions the benefits of cryptocurrencies for the Kenyan economy. The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has called the notion of investing the nation’s reserves in bitcoin craziness.

September 25, 2022 1 min read

Russia’s MOEX Proposes Receipts For Digital Financial Assets

DFA receipts may be exchanged as securities as per the proposal. Those who aren’t ready to engage with distributed ledgers can benefit from this. In order to allow depositories to issue receipts for digital financial assets (DFAs). Russia’s primary equity and derivatives market has proposed new laws. Under the lack

September 25, 2022 2 mins read

Robert Kiyosaki Declares the End of Fake Money

According to Kiyosaki, the largest crash in human history is about to happen. The previous week, Kiyosaki urged people to invest in real money,citing bitcoin, silver, and gold as examples. This week, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted about some of his opinions and financial teachings.

September 25, 2022 2 mins read

IRS Tightens Rules Towards Non-Tax Paying Crypto Users

IRS now has permission to examine unidentified individuals. Williams claims the government will use every available means to track down tax cheats. The United States is making further efforts to guarantee that its Internal Revenue Service (IRS) can properly collect cryptocurrency tax as the crypto ecosystem expands and trade volumes

September 24, 2022 1 min read