Cryptocurrency news

• The outcome of SBF's prosecution could determine how the IRS treats your FTX losses

  16-12-2022 23:48 via cointelegraph.com
  Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
  
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• Shaquille O'Neal Says 'I Don't Understand' Cryptocurrency as He's ... - PEOPLE

  16-12-2022 23:18 via news.google.com
  Shaquille O'Neal Says 'I Don't Understand' Cryptocurrency as He's ...  PEOPLE
  
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• Hal Finney's wife resumes activity on Bitcoin pioneer's Twitter account to avoid potential purge

  16-12-2022 23:15 via cointelegraph.com
  Under Elon Musk’s leadership, Twitter suspended a number of accounts including those controlled by high-profile journalists and social networking platform Mastodon.
  
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• Argentina’s province to issue US dollar-pegged stablecoin

  16-12-2022 23:10 via cointelegraph.com
  The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.
  
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• Crypto Stories: Dr. Adam Back shares his life of hacks

  16-12-2022 23:00 via cointelegraph.com
  A cartoon version of Dr. Adam Back recounts stories of hacking coded doors at university and the inception of Hash Cash in the latest of Cointelegraph Crypto Stories.
  
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• Bogus 'Bitcoin killer' cryptocurrency founder pleads guilty - ABC News

  16-12-2022 22:52 via news.google.com
  Bogus 'Bitcoin killer' cryptocurrency founder pleads guilty  ABC News
  
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• Kadena CEO Stuart Popejoy on blockchain design: proof of work is a feature, not a flaw

  16-12-2022 22:45 via cointelegraph.com
  The former JPMorgan executive shared how he learned to love crypto and why the Kadena is not letting go of its firm embrace of proof of work.
  
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• Corporate America has finally taken notice of Web3: US trademark lawyer

  16-12-2022 22:30 via cointelegraph.com
  Trademark applications filed this year covered various disparate sectors.
  
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• US Financial Stability Oversight Council urges congressional action on crypto

  16-12-2022 22:00 via cointelegraph.com
  According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
  
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• Bitcoin and Ethereum gave back their gains, but has anything actually changed?

  16-12-2022 22:00 via cointelegraph.com
  Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting.
  
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• Japanese Government To Ease 30% Crypto Tax Requirement – A Good Move?

  16-12-2022 21:26 via newsbtc.com
  Presently Japanese crypto firms pay a set 30% corporate tax rate on their holdings, regardless of whether or not they made a profit. Due to this stringent tax law over the past years, some local crypto firms reportedly chose to move their business elsewhere.This development has impacted the country’s economic growth, and the LDP, having identified it as its primary task, wants to set things right.
  The Liberal Democratic Party (LDP) of Japan addresses issues with administrative reform and c
  
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• Industry execs confident in DeFi adoption despite security flaws: Finance Redefined

  16-12-2022 21:20 via cointelegraph.com
  The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week.
  
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• Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?

  16-12-2022 21:18 via newsbtc.com
  On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally.
  Stablecoin Deposits To Spot Exchanges Have Shown Increasing Demand Recently
  As pointed out by an analyst in a CryptoQuant post, there has been an increasing demand on spot exchanges recently. The relevant indicator here is the “stablecoin exchange depositing transactions,” which measures the total number of transfers involv
  
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• How FTX impacts cryptocurrency, bitcoin markets - Sacramento Bee

  16-12-2022 20:51 via news.google.com
  How FTX impacts cryptocurrency, bitcoin markets  Sacramento Bee
  
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• How Does Cryptocurrency Trading Work - Brand Spur - BrandSpur Nigeria

  16-12-2022 20:48 via news.google.com
  How Does Cryptocurrency Trading Work - Brand Spur  BrandSpur Nigeria
  
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• 1000 Cryptocurrency Tokens Met Their Demise in 2022 - Tom's Hardware

  16-12-2022 20:44 via news.google.com
  1000 Cryptocurrency Tokens Met Their Demise in 2022  Tom's Hardware
  
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• Total crypto market cap takes another hit, but traders remain neutral

  16-12-2022 20:42 via cointelegraph.com
  The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
  
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• Cryptocurrency Filecoin Falls More Than 7% In 24 hours - Filecoin (FIL/USD) - Benzinga

  16-12-2022 20:01 via news.google.com
  Cryptocurrency Filecoin Falls More Than 7% In 24 hours - Filecoin (FIL/USD)  Benzinga
  
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• Unbanked.com Gains Momentum in Europe amid New Partnerships ... - Blockonomi

  16-12-2022 19:59 via news.google.com
  Unbanked.com Gains Momentum in Europe amid New Partnerships ...  Blockonomi
  
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• Mazars auditing company suspends work with Binance and other ... - Techstory

  16-12-2022 19:57 via news.google.com
  Mazars auditing company suspends work with Binance and other ...  Techstory
  
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• Why is Ethereum (ETH) price down today?

  16-12-2022 19:30 via cointelegraph.com
  Ethereum price is down today and a growing list of challenges could continue to weigh on ETH price for the foreseeable future.
  
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• Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme ... - Department of Justice

  16-12-2022 19:04 via news.google.com
  Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme ...  Department of Justice
  
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• December 16, 2022 - Cryptocurrency Highlights in One Minute: The ... - Investing.com Canada

  16-12-2022 18:41 via news.google.com
  December 16, 2022 - Cryptocurrency Highlights in One Minute: The ...  Investing.com Canada
  
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• Bitcoin targets $16.7K amid fear BNB may 'drag whole crypto market down'

  16-12-2022 18:33 via cointelegraph.com
  Binance Coin "has nothing but air below it," one analyst warns as BTC price action goes from bad to worse.
  
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• NYDFS: Banks must seek approval before engaging with crypto

  16-12-2022 18:30 via coinjournal.net
  New York Department of Financial Services published the new guidelines on 15 December 2022.
  All banking organisations must apply for permission to undertake any crypto activities.
  The regulatory guidelines are effective immediately and come as the spotlight is firmly on crypto following FTX’s implosion.Amid all the scrutiny on cryptocurrency exchanges after FTX’s collapse, the New York Department of Financial Services (NYDFS) has announced new guidelines targeting banks.
  The NYDFS,
  
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• Decentraland Price Prediction: Metacade Seems to Be a Better Option

  16-12-2022 18:16 via coinjournal.net
  The metaverse looks increasingly poised to become a major player in the tech world in the next few years. As more and more major companies are joining in, it looks like widespread adoption is just on the horizon. That means that now is the time to be looking at these projects that still have a lot of room to grow with some promising price predictions for the future.
  Two projects in particular that could drive this progress are Decentraland (MANA) and Metacade (MCADE). In terms of price predictio
  
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• Glassnode Raises Concerns Over Binance PoR Data, Was There A Mistake?

  16-12-2022 18:00 via newsbtc.com
  Binance, as one of the leading crypto exchanges, tried to exhibit transparency in its operations, especially on the security of customers’ funds. This led it to publish its proof of reserve (PoR) reports. However, the collapse of some firms like Celsius Network, FTX, and others has instilled fear and doubts about crypto exchanges and platforms.
  Investors lost confidence majorly in centralized platforms. Hence, most CEXs have taken to publishing their proof of reserve assets to indicate the
  
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• FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

  16-12-2022 18:00 via cointelegraph.com
  According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.
  
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• Study: Over 1 Million People Own Cryptocurrency in Morocco - Morocco World News

  16-12-2022 17:22 via news.google.com
  Study: Over 1 Million People Own Cryptocurrency in Morocco  Morocco World News
  
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• Polygon Profitability Tanks As MATIC Nosedives 5.6%

  16-12-2022 17:00 via newsbtc.com
  MATIC has had a rollercoaster of a year. Its price has fluctuated between cycle peaks and cycle lows year-to-date but has seen some good recoveries as well. However, as the week draws to a close, MATIC dove off its $0.9 cliff, and investor profitability has plummeted right along with it.
  MATIC Loses 5.6% In 24 Hours
  Over the last 24 hours, the price of MATIC is already down more than 5.6%, according to data from TradingView. The digital asset which had been able to maintain its $0.9 level for th
  
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• This week in crypto: SBF arrested in The Bahamas

  16-12-2022 16:59 via coinjournal.net
  Authorities have arrested Sam Bankman-Fried in the Bahamas.
  Binance reserves are accounted for, says CryptoQuant.
  Ark Invest continues to invest in Coinbase.
  Sam Bankman-Fried has been arrested
  Sam Bankman-Fried, the former CEO of FTX cryptocurrency, was arrested in The Bahamas earlier this week. The former billionaire now faces extradition to the United States, where he would face numerous charges by both the Securities and Exchange Commission and the U.S. Attorney’s Office for the S
  
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• Binance’s proof of reserves auditor pulls report, what does it mean?

  16-12-2022 16:50 via coinjournal.net
  Key Takeaways Mazar’s, the accounting firm who worked with Binance on the proof of reserves report, has pulled the link from its website
  It has also paused all crypto work indefinitely
  Controversy followed the report, with critics decrying its lack of information on the liability side 
  Mazar’s had previously stated that this was a “report” and not an “audit”
  Woops.
  Binance’s “audit”, with the inverted commas very much intended there
  
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• Raydium is attacked, loses $2M

  16-12-2022 16:46 via cointelegraph.com
  The team said that authority over the automated market maker and farm programs has been paused “for now.”
  
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• Raydium is attacked, loses $2 million

  16-12-2022 16:46 via cointelegraph.com
  The team said that authority over the automated market maker and farm programs have been paused, “for now.”
  
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• Cryptocurrency to shift focus after massive $3.6 billion withdrawal from major exchange - Express

  16-12-2022 16:45 via news.google.com
  Cryptocurrency to shift focus after massive $3.6 billion withdrawal from major exchange  Express
  
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• Unbanked.com Launches Cryptocurrency Card in UK and Europe Сovering 27 Сountries - U.Today

  16-12-2022 16:41 via news.google.com
  Unbanked.com Launches Cryptocurrency Card in UK and Europe Сovering 27 Сountries  U.Today
  
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• Double-Digit Losses Brings Doge Below Critical Level, More Pain To Follow?

  16-12-2022 16:00 via newsbtc.com
  Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has been pulled below important critical levels, which would imply more declines.
  DOGE Could Go Down Further
  Given Elon Musk’s recent radio silence on his crypto plans for Twitter and thus Dogecoin by extension, the me
  
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• ADA Price Sheds 5% In The Last 7 Days Even As Trade Volume Soars

  16-12-2022 15:37 via newsbtc.com
  Cardano has been on the downside since ADA reached an all-time-high of $3.10 back in September 2021. As of writing, the 9th top crypto has dropped 5% in the last seven days. In comparison, major cryptocurrencies like Ethereum lost over 4.5%, and Bitcoin shed 2% in the same timeframe.
  However, CoinMarketCap displays a rise in trade volume from $221,898,095 to $277,239,103, which represents an increase of over 25%.
  Nonetheless, as the price of ADA continues to decline, this could be the beginning
  
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• Only for foreign trade: Bank of Russia stands against free crypto investment

  16-12-2022 15:36 via cointelegraph.com
  The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities.
  
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• Australian regulator ASIC sues Finder Wallet

  16-12-2022 15:36 via coinjournal.net
  ASIC is suing Finder Wallet for providing unlicenced financial services.
  ASIC claims the Finder Earn product closely resembled a debenture.
  Finder Wallet stopped providing the service to its customers last month.
  ASIC sues Finder Wallet for providing unlicenced services
  The Australian Securities and Investment Commission (ASIC) announced on Thursday, December 15th, that it had sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product.
  The Australian fi
  
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• Bitcoin Plummets Below $17,000 After Audit Firm Mazars Pauses Work For Binance

  16-12-2022 15:15 via newsbtc.com
  The Bitcoin price has once again fallen below the $17,000 mark after it became known that the auditing firm Mazars will pause its work with Binance. Already in the last few days, rumors and FUD about Binance intensified.
  As NewsBTC reported, investors are worried that Binance is not keeping enough reserves on hand for all their client funds. The impetus for the outcry was a proof-of-reserves conducted by Mazars that raised numerous new questions instead of answering the old ones.
  Remarkably, the
  
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• Web3 community shares tips for a successful GameFi project

  16-12-2022 14:50 via cointelegraph.com
  From creating e-sports competitions with huge prize pools to making game tokens more relevant to holders, members of the community share their thoughts on GameFi.
  
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• End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours

  16-12-2022 14:45 via newsbtc.com
  Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end.
  Litecoin Drops Hard TodayS But Is Up 20% In The Last Month
  While the rest of the crypto market was struggling, LTC enjoyed some sharp bullish momentum in the third leg of November, leading some to believe the “pre-halving rally” had begun for the crypto. But the first half of December proved disappointing as the coin mostly consolidated, and
  
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• No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios

  16-12-2022 14:22 via cointelegraph.com
  The firms work with prominent crypto exchanges such as Binance, KuCoin, Crypto.com, Gate.io, OKX and FTX.
  
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• Solana: This Minor Hiccup Didn’t Discourage Investors From Acquiring SOL – Until Today

  16-12-2022 14:20 via newsbtc.com
  On the day following the implementation by the US Federal Reserve of the 50-basis point hike, Solana (SOL) saw accumulation rather than a sell-off, despite the altcoin’s 4% decline.
  Prices for Bitcoin and Ethereum and other cryptocurrencies fell on December 14 as reports surfaced that the central bank raised its interest rates.
  The situation is different now, though. CoinGecko reports that the token dropped another 5% today, with significant declines over the past week, biweekly, and month
  
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• Metacade Smashes Past $1 Million In Three Weeks – Here’s Why

  16-12-2022 14:17 via coinjournal.net
  The GameFi market continues to prove popular with crypto investors, and MCADE, the native token for Metacade, is leading the charge. In the three weeks of its beta presale, the MCADE token has already smashed the $1 million barrier, making it one of the hottest new blockchain tokens on the market.
  Metacade is quickly gaining momentum as gamers and investors recognize the potential to become a leader in the Web 3.0 gaming space. As a result, both are moving early to support the project to maximiz
  
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• Key figure in multi-billion euro cryptocurrency scam arrested at Spain’s Barcelona airport - The Olive Press

  16-12-2022 14:15 via news.google.com
  Key figure in multi-billion euro cryptocurrency scam arrested at Spain’s Barcelona airport  The Olive Press
  
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• HOOK price defies gravity as Hooked Protocol activity rises

  16-12-2022 13:55 via coinjournal.net
  Hooked Protocol is a small but fast-growing platform.
  Its activity has surged to position 1 in DappRadar rankings.
  Hooked Protocol price defied gravity as the developers started airdrop distributions. It also rose as the platform rose to the top of the DappRadar rankings of the top BSC chain networks. HOOK rose to $2, which was much higher than this month’s low of $0.10.
  What is Hooked Protocol and why is it rising?
  Hooked Protocol is an on-ramp layer that hopes to guide the broad web3 ado
  
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• Bitcoin Miner Capitulation Is An Exaggerated Fear, Analyst Claims

  16-12-2022 13:20 via newsbtc.com
  Jaran Mellerud of Hashrate Index recently released a ‘comprehensive analysis’ on the thesis that a Bitcoin miner capitulation could put massive selling pressure on the market, causing a crash.  The topic has been a recurring part of the discussion in recent weeks as to whether the BTC bear market could be prolonged by the tight mining industry.
  Charles Edwards of Capriole Investments stated two weeks ago that miner capitulation has begun, as indicated by hash ribbons. Investment
  
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• Crypto price predictions: Bitcoin, Cardano, Binance Coin

  16-12-2022 13:14 via coinjournal.net
  Crypto prices remained in a consolidation phase this week as concerns about FTX contagion continued. They also reacted to the latest interest rate decision by the Federal Reserve and the arrest of Sam Bankman-Fried. Here are some of the top crypto price predictions for the weekend.
  Bitcoin price prediction
  Bitcoin pulled back sharply after the latest interest rate decision by the Federal Reserve. This decline correlated with the performance of American indices like the Dow Jones and the Nasdaq 1
  
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