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“# Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for altcoins ” Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost…
“# Iran to allow crypto payments for international trade: Report ” The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday. Alireza Peyman-Pak, Iran’s deputy minister…
“# Coinbase, PayPal join TaxBit Network for free crypto tax forms ” Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users. The crypto tax software provider on Tuesday launched the TaxBit Network, a certified network aiming to…
“# Binance taps former central bank exec to push compliance in CIS and Russia ” Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost local cryptocurrency compliance and education,…
“# Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey ” One of the world’s largest investment banks has its Bitcoin (BTC) price predictions ready for 2022. In a recent poll, JPMorgan Chase asked its clients “where do you see Bitcoin trading at 2022 year-end?” Just 5% said they saw the digital…
“# Morocco is number one for Bitcoin trading in North Africa ” Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency. That puts the kingdom as the top country in North Africa and in the top 50 holders of…
“# Block job postings reveal Jack Dorsey’s Bitcoin plans ” In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users. The two roles are based in the Block’s…
“# Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC ” Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Short-term squeeze “reasonably likely” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from Monday’s…
“# FTC issues public warning about new crypto ATM scam ” The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money. According to…
“# World’s biggest podcaster Joe Rogan has a ‘lot of hope’ for crypto ” Controversial comedian and commentator Joe Rogan said that he “has a lot of hope” for cryptocurrencies in a recent podcast interview. In the 1760th Jan. 8 episode of his podcast, “The Joe Rogan Experience,” Rogan discussed the future of crypto with…