Bitcoin Financial News

A number of crypto-investors, analysts, and even several governments thought that El Salvador would lead the international community in the mass adoption of Bitcoin. However, reactions have been mixed since the flagship coin was first recognized as legal tender six months ago.

Bitcoin (BTC) saw a fresh spike to near $45,000 overnight into March 27 as the weekend looked set to deliver a decisively bullish close. 

LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar with the matter.

Now, the big question is, should you be drawing your salary in the form of crypto? Bitcoin has grown extremely popular over the past few years with countries like El Salvador adopting them as legal tender. This has pushed many companies and individuals towards using cryptocurrencies as alternatives to traditional money as it is free from large fees and regulations, complex taxation, and so on. However, if you are planning to look at crypto as an alternative to traditional money as your paycheck, here are some important things you’ll need to evaluate. Crypto as legal tender India received some clarity on cryptocurrency this year, when the government clarified that it might have value but will not be legal tender (just like commodities such as gold and diamonds that have value of their own, but are not legal tender).

Ethereum appears to have found the catalyst that Bitcoin proponents have been saying was needed to lift the better-known cryptocurrency out of its recent doldrums. Ether, the native cryptocurrency of the most used blockchain network, rose for a second day Friday, extending its outperformance compared with Bitcoin for a second week. Ether is up about 24% since March 11, while Bitcoin has increased about 16%. What’s driving the Ether gains is building excitement over an upcoming software upgrade that promises to reduce the blockchain’s carbon footprint and pave the way to improve the network’s scalability and efficiency.

Bitcoin saw a good rally which extended beyond $43k. After a brief retracement in the following 24 hours, BTC returned to the offensive and reclaimed $44,000. The uptrend continued in the past 24 hours, and the cryptocurrency reached and briefly exceeded $45,000, its highest price tag since 2 March. 

Union budget for 2022-23 has proposed a 30 per cent tax on cryptocurrency assets

The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU).

The global cryptocurrency market capitalisation rose to over 1 percent to $2.01 trillion from $1.99 trillion over the last 24 hours, while trading volumes dropped nearly 31 percent to $60.94 billion from $88.28 billion.

Bitcoin is back to test the critical resistance that has remained unbroken since the beginning of the year. With the first quarter of 2022 coming to an end, BTC is testing the $44.6k level for the fourth time today, but whether or not it will be successful in doing so is a different question since historically, this boss level has remained undefeated.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

The highly anticipated Beijing Winter Olympics have come and gone, and the soft launch of China’s CBDC, the e-CNY, had a very frosty reception at the event marked by international boycotts. That being said, it seems that China is just getting started.

The altcoin market posted remarkable gains in the past week, but many hit resistance levels on their own charts as Bitcoin also stalled in a resistance zone. A pullback before another leg upwards appeared likely for Avalanche, while XRP continued to be in an uptrend.

Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open.

The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the scope for offsetting energy use and climate changes related to digital assets. 

Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with crypto. She was referring to a sea change in pop culture and social trends, particularly in view of GenZ’s ongoing ascendance into trendsetting and cultural relevance. Nevertheless, her positioning caught my eye because she aptly put her finger on something crucial that I’ve also been feeling, particularly as it relates to crypto. The paradigm shift toward the next cultural moment — whatever it is — is perceptible, even if it’s not palpable. We can’t quite make it out, but we know it’s in the room. The concrete conditions haven’t shifted yet, but the vibe most certainly has.

Ukraine has started auctioning off a collection of NFTs as part of its crypto fund raising

Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan. 

Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia and Ukraine, many investors have sought alternatives to gold and other precious metals as hedging options. As we approach a digitized age, it is a prerequisite that alternatives to gold are equipped to deal with the future. In this search for a contender to challenge gold’s dominance, Bitcoin (BTC) has shone the brightest.

Cryptocurrencies traded in the green early on March 14. The global crypto market cap is $1.99 trillion, a 0.60 percent decrease over the last day. The total crypto market volume over the last 24 hours is $89.09 billion, a decrease of 16.56 percent.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice