The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,
The progress toward the next Bitcoin block reward reduction has hit 65%. Several on-chain analytics implied that Bitcoin is at or very close to its cycle bottom. The Bitcoin cycle typically reaches its lowest point 517–547 days before the subsequent halving event. So, it will be almost 500 days before
As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a
Argentine authorities in the province of Buenos Aires have given the green light to a proposal. That would make cryptocurrency mining a taxable sector beginning in 2023. 4% of all profits made from “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining),” as stated
Top Cryptocurrency Projects – An Intro Reckoning investment decisions with calculated risk for a crypto portfolio is crucial for any investor. With back-to-back misfortunes around the globe that impact its economy, the overall population go-haywire. As a repercussion, the overall trading community has been baffled in picking a promising and
CoinSwitch, an Indian crypto app has released a report, detailing the nuances of the crypto activities in the nation. “India’s Portfolio 2022” is an encyclopedic record of the people and region regarding crypto and other virtual Defi assets. CoinSwitch tweeted: Which Indian city leads crypto adoption?Which cryptos does India love
British Columbia, Canada, has halted new electricity connection requests from cryptocurrency miners for 18 months to promote the province’s climate action and economic goals. The government of British Columbia stated, the suspension will relieve the province’s power constraints while its main electricity distributor, BC Hydro, is given more time to
Numerous companies operating in various subsets of the cryptocurrency industry have failed this year. Multiple well-known businesses, including blockchain development firms, crypto lending platforms, and leading exchanges are feeling the heat. It has been reported that Core Scientific, formerly the leading Bitcoin mining firm, is now on a downward spiral.
The Securities and Exchange Commission (SEC) uses the so-called Howey test to decide whether a digital asset should be classed as a security, although SEC Commissioner Hester Peirce has said that the test has limits. The standard is based on a 1946 Supreme Court ruling that established the conditions under
To keep up with global trends, the Nigerian government is expected to approve legislation regulating Bitcoin and other cryptocurrencies in the near future. On December 18th, Punch Newspapers, a leading publication in Nigeria. Published the article after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. The local
