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” Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades “ Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the…
” FTX reportedly shopping for brokerages in preparation for stock trading “ Crypto derivatives exchange and NFT platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading. The firm announced last Thursday that its U.S.-based subsidiary FTX.US will be launching zero-commission stock…
” Avalanche nears key breakdown level that could sink AVAX price by another 65% “ Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a “bear pennant” structure. Avalanche could get buried technicals Bear pennants are bearish continuation patterns, i.e., they…
” Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price? “ Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper,…
” OpenSea launches ‘Seaport’ marketplace protocol allowing NFT bartering “ Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.” In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other…
” Cosmos price rebounds 45% in one week despite Terra’s debacle — What’s next for ATOM? “ Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week. Cosmos TVL…
” Crypto veterans extend a helping hand to bear market newbies “ As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would give to traders who are encountering it for the first time. In a reply to…
” Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15 “ Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-dead UST algorithmic stablecoin project. Avalanche price dips amid Terra’s tax…
” Aave price risks a 25% plunge as a classic bearish reversal pattern emerges “ Technical analysis suggests that a recent uptrend in the price of Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern. Is AAVE headed to $70? Dubbed a “rising wedge,” the pattern surfaces…
” What is P2P trading, and how does it work in peer-to-peer crypto exchanges? “ What is peer-to-peer (P2P) trading? Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. Unlike traditional Bitcoin (BTC)…