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” The city of Lugano will accept Bitcoin, Tether and LVGA tokens as ‘de facto’ legal tender “ Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as “de facto” legal tender as part of a partnership with Tether (U. Speaking at the city’s Plan B event on Thursday, Tether…
” Swiss city of Lugano to pay taxes in crypto via Tether partnership “ The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of the Tether (USDT) stablecoin. Tether Operations Limited, the blockchain-based platform that powers USDT, the…
“# War coincides with Bitcoin’s highest ‘real’ volume since early December ” The “real” daily Bitcoin (BTC) volume spiked to levels not seen for three months amid the Russian invasion of Ukraine. According to the latest weekly update report from blockchain analytics firm Arcane Research, real daily BTC trading volume surged above the $10 billion…
“# Here’s a clever options strategy for cautiously optimistic Bitcoin traders ” Bitcoin (BTC) entered an upward channel in early January and despite the sideways trading near $40,000, order book analysts cited “significant buying pressure” and noted that the overall negative sentiment might be heading towards exhaustion. Bitcoin/USD price at FTX. Source: TradingView Independent analyst Johal Miles…
“# 2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K ” Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significatively, these movements historically provide decent rewards for those shifting their portfolios toward higher…
“# Crypto Biz: Stablecoins are serious business, Feb. 17-24 ” Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally…
“# Total stablecoin supply hits $180 billion: Report ” Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that stablecoin supply hit the milestone amount of $180 billion. The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. …
“# 2 key indicators cast doubt on the strength of the current crypto market recovery ” Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5…
“# Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone ” The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether. The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear over the past year or so — Tether’s dominance is…
“# 2 key Bitcoin price metrics suggest BTC is primed to reclaim $40,000 ” Cryptocurrencies had a volatile week after Bitcoin’s (BTC) sudden crash to $33,000 on Jan. 24. However, the sharp 9% drop fully recovered within 8 hours after BTC price regained the $36,000 support. On Jan. 26, Bitcoin rallied to $38,960 but it…