Celsius Network Pauses Withdrawals Amid Liquidity Crisis; CEL Drops 70% in 1Hr

The cryptocurrency lender Celsius halted customer swaps and withdrawals on Sunday night due to liquidity issues. CEL token responded with a massive price crash. Crypto lender Celsius declared a sudden pause of customer swaps, transfers, and withdrawals (on Sunday night) when the crypto market endured freefalls. The company posted on Medium about taking action to … Read more

Crypto Markets Drop Another $100B; ETH Plunges to 2018 ATH

It’s another bloodbath in the Satoshi streets. The cryptocurrency world saw more pain over the previous 24 hours, with Bitcoin crashing to explore monthly lows beyond the $27,000 mark. Meanwhile, the altcoin market suffered more. For instance, Ethereum lost the $1,500 mark to explore its 2018 ATHs. BTC Down Again The leading crypto began gradual … Read more

The Number of BTC Millionaires Dropped By 20% In 2022

Due to the downward trend in the crypto market, several investors have sold their crypto holdings. Many crypto holders converted their digital currencies to stablecoins such as USDT.  Since the price of most stablecoins is pegged to the dollar, it may offer some stability. Also, over 1 trillion dollars was lost in the current bearish … Read more

Republicans In U.S. House Of Rep Introduces New Bill To Safeguard BTC Investment in Retirement Accounts

On the 21st of May, Republicans in the U.S. House of Rep released a new bill that would restrict the Department of Labor from curtailing the investment options that are available to employees in retirement accounts. In addition, the bill would make it possible for citizens of the United States to incorporate BTC in the … Read more

BTC Cannot Be Used As Means Of Payment – CEO of FTX, Sam Bankman-Fried

Satoshi Nakamoto developed BTC to function as a decentralized substitute for the existing centralized financial system. However, the CEO of FTX, Sam Bankman-Fried, stated that he does not believe Bitcoin will ever become a viable payments network. Sam Bankman-Fried States Bitcoin Is Inefficient And Can’t Be Used On Large Scale In an interview with Financial … Read more

BTC Experiences a Dead Cat Bounce After Witnessing the Worst Crash in 2022

BTC is enjoying a dead cat bounce following its worst drop of the year. Bitcoin is currently trading at $30.5K, up from this week’s low of $25.3K. It has dropped drastically from its ATH of about $70K. So, how long will this recovery last? BTC’s Comeback The Bitcoin price has risen as speculators hurry to … Read more

Germany Says No Taxes On Selling Of Crypto Held For More Than A Year

In a recent announcement, the German Ministry of Finance said that private persons would not be required to pay tax when selling Bitcoin or Ethereum if they have owned either asset for more than one year. The rules regarding cryptocurrencies have undergone specific revisions thanks to the work of the German Ministry of Finance. The … Read more

Price Of Bitcoin Drops Below $37k After Rising To $40k

After an unsuccessful wedge breakout, the price of Bitcoin have plummeted after it crossed the $40k mark initially. BTC has broken through the $37,800 support region. The next nearest support area is located at a trading price of $34,700. Bitcoin Falls Below The $40k Mark  On the 4th of May, a falling wedge pattern was … Read more

Dubai Estate Developer Now Accepts BTC And ETH Payment

The Dubai companies that accept Bitcoin are growing, with Damac being the most recent example. The latest news has disclosed that Damac Properties, a famous real estate firm in Dubai, would start accepting Bitcoin payments for its properties. Invest In Real Estate Using BTC and ETH  Following the publication of a report in the Khaleej … Read more

Buenos Aires To Allow Tax Payment Using Crypto

Horacio Larreta, leader of Argentina’s capital, Buenos Aires, has stated the city would enable its inhabitants to pay certain taxes using cryptos soon. This is among a digitization initiative dubbed “Buenos Aires+” by the city. The aim of this initiative is to strengthen the city’s relationship with its citizens.  Buenos Aires To Implement Crypto Tax … Read more

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