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“# New gold-based stablecoin by trading giant Mitsui reportedly on the way ” Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday. Called ZipangCoin (ZPG), Mitsui’s new digital currency will reportedly be issued as early as February and will be available to retail…
“# Bitcoin price bounces after Amazon stock gains 15% in US tech comeback ” Bitcoin (BTC) recovered much of its recent losses on Feb. 4, but concerns remained that a retest of $30,000 was incoming. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $38,600 remains focal pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Tezos scores $27M deal with Man United, Baby Doge backs Hoffenheim ” Manchester United, one of the world’s most popular soccer (or football) teams, is reportedly set to announce a multi-year training kit sponsorship by proof-of-stake blockchain platform Tezos. First reported by The Athletic, the deal is apparently in excess of $27 million per…
“# Bitcoin bounces at $36.6K as Meta adds 20% losses to US tech stock rout ” Bitcoin (BTC) recovered above $37,000 on Feb. 3 after a stocks rout took the wind out of bulls’ latest attempt to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Extraordinary moves” for stocks Data from Cointelegraph Markets…
“# Court victory precedent: IRS may not tax staking rewards until sold ” A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund. The decision may set a precedent for future guidance on…
“# Price analysis 2/2: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX ” Bitcoin (BTC) rose above $39,000 on Feb. 1 but the sharp fall in the shares of PayPal may have resulted in aggressive selling by the short-term traders. However, in the long-term, large investors seem to be viewing the decline as…
“# BTC price dives with stocks as fresh sell-off sees PayPal shed nearly 25% ” Bitcoin (BTC) fell on the Wall Street open on Feb. 2 as another tech stock rout panicked traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “Macro FUD is driving all” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as…
“# Why did WazirX token WRX jump 30% after India announced its big crypto tax? ” WazirX exchange’s native token WRX benefited the most from India’s latest u-turn on crypto this week. WRX price jumps on India tax news WRX price surged nearly 30% to over $1, hitting a three-week high after the Indian government…
“# Colombia clamps down on crypto tax evasion as adoption thrives ” Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders. In a statement released…
“# FTX acquires Japan’s FCA-licensed crypto exchange Liquid ” American billionaire and CEO of crypto exchange FTX Sam Bankman-Fried announced that his company acquired Japanese crypto firm Liquid Group and its subsidiaries. As a part of the deal, FTX will acquire Quoine Corporation, a Financial Services Agency (FSA)-approved crypto exchange. As Cointelegraph previously reported, Quoine…