Cryptocurrency news

• Bitcoin price outlook: What levels are analysts watching?

  22-07-2022 23:34 via coinjournal.net
  
  Bitcoin (BTC) rose to a seven-day high above $24,000 this week, hitting its highest price level since mid-June.  
  The benchmark cryptocurrency has however found it hard to break higher, with a subsequent cooling pushing it to lows of $22,600 on Friday evening.
  Market observers, including analysts at JPMorgan and Citi say the sentiment across the market is improving as the negativity heightened by recent turmoil dissipates. But what BTC levels are analysts watching?
  Analysts share key Bitcoi
  
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• Board urges Bank of Central African States to introduce common digital currency: Report

  22-07-2022 23:27 via cointelegraph.com
  
  The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April.
  
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• Podcast: Jeremy Koven, COO of publicly-listed Canadian exchange CoinSmart

  22-07-2022 23:07 via coinjournal.net
  
  Spotify podcast link here
  There are hundreds of cryptocurrency exchanges and trading platforms, with more popping up every single day. With the industry still only a few years old, however, most of these are private companies.
  Coinbase led the way in changing this, however, going public last year to much furore. North of the border, Canadian platform Coinsmart followed suit not long after, officially going public in November 2021.
  The concept of public companies within crypto is fascinating. For
  
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• FTX proposes a way to give Voyager Digital clients some of their digital assets back early

  22-07-2022 22:59 via cointelegraph.com
  
  FTX is proposing to buy out all Voyager Digital digital assets and digital asset loans, except loans to Three Arrows Capital, which would remain Voyager Digital’s problem.
  
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• Play-to-own, NFTs and Web3: Crypto Raiders drops knowledge with NFT Steez

  22-07-2022 22:32 via cointelegraph.com
  
  NFT Steez chats with Crypto Raiders about the state of blockchain gaming and how to prioritize fun over “financialization” when it comes to NFTs and P2E models.
  
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• Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA

  22-07-2022 22:28 via cointelegraph.com
  
  BTC price slides back below its 200-week moving average as analysts stress the importance of staying above $22,800 for bullish momentum to continue.
  
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• Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

  22-07-2022 22:20 via cointelegraph.com
  
  The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week.
  
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• Crypto Stocks Get Boost From Retail Traders Who Drove Meme Craze - Bloomberg

  22-07-2022 22:11 via bloomberg.com
  Crypto Stocks Get Boost From Retail Traders Who Drove Meme Craze  Bloomberg
  
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• Inflation got you down? 5 ways to accumulate crypto with little to no cost

  22-07-2022 22:00 via cointelegraph.com
  
  As high inflation destroys the purchasing power of fiat, these options offer hodlers a way to add to their portfolio without breaking the bank.
  
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• Crypto Biz: The 3AC saga takes another bizarre twist

  22-07-2022 21:45 via cointelegraph.com
  
  Once the most revered hedge fund in crypto, Three Arrows Capital has gone bust. As it turns out, its holdings of Deribit shares may be much smaller than reported.
  
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• BBB warns consumers about local cryptocurrency business - sidneydailynews.com

  22-07-2022 21:32 via sidneydailynews.com
  BBB warns consumers about local cryptocurrency business  sidneydailynews.com
  
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• Ethereum Classic Soars Over 70% This Week, and This Other Cryptocurrency Is Close Behind - The Motley Fool

  22-07-2022 21:21 via fool.com
  
  Ethereum Classic Soars Over 70% This Week, and This Other Cryptocurrency Is Close Behind  The Motley Fool
  
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• Price analysis 7/22: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

  22-07-2022 21:04 via cointelegraph.com
  
  Traders are still buying BTC and major altcoins on each dip, but selling near overhead resistance could be a sign that price action will remain range-bound in the short-term.
  
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• Ethereum Bullish Signal: 800k ETH Exits From Gemini

  22-07-2022 21:00 via newsbtc.com
  
  On-chain data shows around 800k ETH has exited wallets of the crypto exchange Gemini, a sign that could prove to be bullish for Ethereum.
  Crypto Exchange Gemini Observes outflows Of 800k ETH
  As pointed out by an analyst in a CryptoQuant post, the Ethereum exchange reserve has plunged down to lows not seen since 2018.
  The “all exchanges reserve” is an indicator that measures the total amount of Ethereum currently stored on wallets of all centralized exchanges.
  When the value of this m
  
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• California again allows crypto contributions to state, local political campaigns

  22-07-2022 21:00 via cointelegraph.com
  
  The state's Fair Political Practices Commission has reversed a 2018 prohibition that arose from transparency and KYC concerns, while seven states still have a ban.
  
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• MicroStrategy, Tesla, Block faced a $5 billion hit on their Bitcoin bet in Q2

  22-07-2022 20:52 via coinjournal.net
  
  Tesla, MicroStrategy and Block owned about 85% of Bitcoin held by public companies, currently numbering 27 according to data by CoinGecko.
  The three companies faced paper losses of up to $5 billion as Bitcoin price fell to $18,700 in June.
  Tesla sold 75% if its bitcoins in Q2.MicroStrategy, Tesla and Block (formerly Square) saw their combined Bitcoin (BTC) holdings shrink by $5 billion in value during the second quarter of 2022, Bloomberg reported.
  The hit comes after a 59% dive for BTC price i
  
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• Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness At $23K

  22-07-2022 20:49 via newsbtc.com
  
  Bitcoin has been unable to break above key resistance levels at around $23,000. As a consequence, the cryptocurrency has been moving sideways over the past two days while preserving some of its gains over the past week.
  The slowdown in bullish momentum coincides with an increase in asks (sell orders) liquidity for BTC’s price above its current levels and a spike in BTC’s supply inflows on crypto exchange platforms. On short timeframes, there are over $70 million in sell orders for Bi
  
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• Why are Israeli teens going into cryptocurrency now? - The Jerusalem Post

  22-07-2022 20:37 via jpost.com
  Why are Israeli teens going into cryptocurrency now?  The Jerusalem Post
  
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• Cryptocurrency LEO Token Up More Than 4% In 24 hours - Benzinga - Benzinga

  22-07-2022 20:37 via benzinga.com
  
  Cryptocurrency LEO Token Up More Than 4% In 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Avalanche Down More Than 3% Within 24 hours - Benzinga - Benzinga

  22-07-2022 20:36 via benzinga.com
  
  Cryptocurrency Avalanche Down More Than 3% Within 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Polygon Falls More Than 3% In 24 hours - Benzinga - Benzinga

  22-07-2022 20:35 via benzinga.com
  
  Cryptocurrency Polygon Falls More Than 3% In 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Solana Decreases More Than 3% Within 24 hours - Benzinga - Benzinga

  22-07-2022 20:34 via benzinga.com
  
  Cryptocurrency Solana Decreases More Than 3% Within 24 hours - Benzinga  Benzinga
  
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• Crypto market cap climbs 15% in a week following Ethereum Merge date revelation

  22-07-2022 20:30 via cointelegraph.com
  
  Rising sentiment and token prices suggest that the upcoming Ethereum Merge is helping to catalyze a broad recovery in crypto prices.
  
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• 3 charged with wire fraud in federal cryptocurrency case - Hilton Head Island Packet

  22-07-2022 20:17 via islandpacket.com
  
  3 charged with wire fraud in federal cryptocurrency case  Hilton Head Island Packet
  
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• Crypto exchange Zipmex resumes withdrawals

  22-07-2022 20:14 via coinjournal.net
  
  Zipmex crypto exchange has announced the resumption of withdrawals after it announced on Wednesday that it had halted withdrawals due to the ongoing crypto market meltdown.
  However, only withdrawals from the Trade wallet, one of the exchange’s wallets, have resumed.
  Zipmex uses two types of assets (Trade Wallet and Z Wallet). The Trade Wallet is used by users to deposit crypto assets and fiat to trade on the platform. On the other hand, Z Wallet allows users to earn bonuses and rewards onc
  
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• Is it time to buy Hedera Hashgraph after the latest gains?

  22-07-2022 19:57 via coinjournal.net
  Hedera Hashgraph token has gained 14% in the last week
  Hedera network’s differentiation is a source of strength
  HBAR, the native token, has hit a resistance
  Hedera Hashgraph HBAR/USD has returned 14% in the past week. To an investor, the gains elicit the obvious question of whether the cryptocurrency will sustain gains. This analysis finds it’s not unless a key breakout and crypto sentiment is sustained. 
  Hedera Hashgraph boasts of being a crypto network that lets anyone deploy
  
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• Investigating Crypto.com’s bullish case after the integration of Google Pay

  22-07-2022 19:47 via coinjournal.net
  
  Crypto.com announced an integration of Google Pay for crypto payments
  The cryptocurrency has been posting gains in the last week
  CRO still lacks a strong bullish push as the cryptocurrency consolidates
  Crypto.com exchange continues to make headlines. On Thursday, the exchange said it was integrating Google Pay. The integration will be for its crypto wallet and trading platform. The integration will allow Android users to pay for cryptocurrencies using Google Pay. 
  On Friday, Crypto.com was
  
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• Zipmex resumes withdrawals for trade wallets

  22-07-2022 19:45 via cointelegraph.com
  
  The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
  
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• Top Cryptocurrencies to benefit the most from Ethereum’s growth

  22-07-2022 19:42 via coinjournal.net
  
  The much-awaited Ethereum merge is expected to take place in September. It is a big step towards improving Ethereum scalability while retaining its decentralized nature. 
  While talking about the merge at the EthCC, Ethereum’s founder, Vitalik Buterin, said that the merge would make Ethereum’s development process only 40% complete. He added that going into the future; the focus will be on taking the load off the Ethereum mainnet. Vitalik said that besides layer-2’s handling
  
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• Cryptocurrencies to watch as South Korea defers crypto taxes

  22-07-2022 19:35 via coinjournal.net
  
  The South Korean government has moved to defer proposed cryptocurrency taxes up to 2025. The country has cited the weak market conditions as one of the reasons for the move. 
  This is a big move considering South Korea is one of the biggest global cryptocurrency markets. If the move spurs an increase in demand for cryptocurrencies in the country, it could trigger a positive price move across the markets. 
  The big question then becomes, which cryptocurrencies will benefit the most if the
  
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• NFT sales will fund the restoration of physical monuments in Ukraine

  22-07-2022 19:15 via cointelegraph.com
  
  “NFT[s] will not stop Russian missiles, but blockchain technology will contribute to the economic recovery and development of Ukraine,” said Alexander Borniakov.
  
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• Central Banks Join the Cryptocurrency Gold Rush - IEEE Spectrum

  22-07-2022 18:35 via spectrum.ieee.org
  
  Central Banks Join the Cryptocurrency Gold Rush  IEEE Spectrum
  
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• Pro Bitcoin traders are uncomfortable with bullish positions

  22-07-2022 18:30 via cointelegraph.com
  
  BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.
  
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• Robinhood & Coinbase among the biggest political lobbying spenders, before laying off 9%/18% of workforces

  22-07-2022 18:06 via coinjournal.net
  
  Key TakeawaysRobinhood spent the most of any crypto company on lobbying expenditure in Q1 this year, donating $610,000 before laying off 9% of its full-time employees
  Coinbase donated 62% less in Q1 than the previous quarter, as SuperBowl ads increased expenditure before laying off 18% of its workforce
  Cryptocurrency political spending as a whole rose slightly in Q1 of 2022 despite market downturn from previous quarter
  There were $1.8 million in donations across top five companies The all-i
  
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• Almost $6 Billion Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others - U.Today

  22-07-2022 18:06 via u.today
  
  Almost $6 Billion Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others  U.Today
  
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• A short-term BTC rally or trend reversal? Find out now on ‘Market Talks’ with Crypto Jebb

  22-07-2022 18:00 via cointelegraph.com
  
  Wondering if the recent Bitcoin price movement is going to keep moving forward, or if this is just another bear trap? Join the conversation with Nicholas Merten from ‘DataDash’ and get answers about the recent market movements.
  
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• Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches

  22-07-2022 17:57 via cointelegraph.com
  
  Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic.
  
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• Ethereum Shows Signs Of Exhaustion, But Could It Still Touch $1,700?

  22-07-2022 17:55 via newsbtc.com
  
  The crypto market has extended its bullish momentum despite recent tailwinds, Ethereum continues to lead in this recovery. The second crypto by market cap trades at $1,600 with a 35% profit in the past week.
  Related Reading | Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains
  Trading firm QCP Capital shared a market update claiming the current bullish price action has been a “pleasant surprise for all”. This price action started on the back of the latest U.S. Consumer P
  
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• Taiwan Aims to Ban Credit Cards for Cryptocurrency Purchases - CoinQuora - Live Crypto News

  22-07-2022 17:50 via coinquora.com
  
  Taiwan Aims to Ban Credit Cards for Cryptocurrency Purchases  CoinQuora - Live Crypto News
  
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• Boston Consulting Group: Cryptocurrency will reach 1 billion users by 2030 - Finbold - Finance in Bold

  22-07-2022 17:44 via finbold.com
  
  Boston Consulting Group: Cryptocurrency will reach 1 billion users by 2030  Finbold - Finance in Bold
  
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• Most Undervalued Cryptocurrency to Invest in For 10x Returns - Business 2 Community

  22-07-2022 17:29 via business2community.com
  Most Undervalued Cryptocurrency to Invest in For 10x Returns  Business 2 Community
  
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• Cryptocurrency for Beginners: What It Is and How It Works - MarieClaire.com

  22-07-2022 17:05 via marieclaire.com
  
  Cryptocurrency for Beginners: What It Is and How It Works  MarieClaire.com
  
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• Cryptocurrency for Beginners: What It Is and How It Works - Marie Claire

  22-07-2022 17:05 via marieclaire.com
  
  Cryptocurrency for Beginners: What It Is and How It Works  Marie Claire
  
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• Bitcoin wobbles on Wall Street open as Ethereum hits $1.6K in 6-week high

  22-07-2022 17:04 via cointelegraph.com
  
  Bitcoin and Ethereum both gain but ETH price action takes the prize as Bitcoin cools momentum.
  
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• States Turning Eyes To Taxation Of Cryptocurrency And Non-Fungible Tokens (NFTs) - Sales Taxes: VAT, GST - United States - Mondaq

  22-07-2022 16:50 via mondaq.com
  
  States Turning Eyes To Taxation Of Cryptocurrency And Non-Fungible Tokens (NFTs) - Sales Taxes: VAT, GST - United States  Mondaq
  
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• The opportunities and risks of Metaverse for small businesses

  22-07-2022 16:49 via cointelegraph.com
  
  The benefits outweigh the risks when it comes to the adoption of Metaverse for small businesses.
  
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• Paying for College With Crypto? 3 Tax Tips - TheStreet

  22-07-2022 16:31 via thestreet.com
  
  Paying for College With Crypto? 3 Tax Tips  TheStreet
  
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• South Korea Delays 20% Cryptocurrency Tax To 2025 - Benzinga - Benzinga

  22-07-2022 16:28 via benzinga.com
  
  South Korea Delays 20% Cryptocurrency Tax To 2025 - Benzinga  Benzinga
  
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• Cryptocurrency Polkadot Up More Than 4% In 24 hours - Benzinga - Benzinga

  22-07-2022 16:05 via benzinga.com
  
  Cryptocurrency Polkadot Up More Than 4% In 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Cardano Rises More Than 3% In 24 hours - Benzinga - Benzinga

  22-07-2022 16:05 via benzinga.com
  
  Cryptocurrency Cardano Rises More Than 3% In 24 hours - Benzinga  Benzinga
  
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