Category: Cryptocurrency News

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India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the […]

https://www.businessinsider.com/time-magazine-elon-musk-person-of-the-year-critics-elizabeth-warren-taxes2021-12?utm_campaign=sf-bi-main&utm_source=facebook.com&utm_medium=social ​ Elon Musk was recently named Time Magazine**'s "Person of the Year," a choice that was widely criticised by media and politicians alike.** Columnist Noam Cohen writes that in hero-worshipping tech billionaires like Musk, we are at risk of outsourcing vital policy decisions to self-interested businessmen. ​ I totally agree with this article. So…
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submitted by /u/iLNai [link] [comments]

With Reddit expanding their karma = tokens cryptocurrency experiment while simultaneously applying for an IPO(becoming a publicly traded company), now more than ever you need to setup Two Factor Authentication (2FA). Eyes are on Reddit now, in fact eyes might even be on your vault. So if you want to keep those precious moons you…
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Bitcoin failed to clear the $48,500 resistance zone against the US Dollar. BTC is sliding, but it could find bids near the $45,500 support zone. Bitcoin is facing a strong resistance near the $48,000 and $48,500 levels. The price is now trading below $48,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline heavily if there is a clear break below the $45,500 support zone. Bitcoin Price Faces Resistance Near $48,500 Bitcoin price started a recovery wave above the $46,500 resistance zone. BTC surpassed the $48,000 level, but it failed to gain strength above the $48,200 level. A high was formed near $48,289 and the price is now correcting lower. It traded below the 50% Fib retracement level of the upward move from the $45,520 swing low to $48,289 high. Bitcoin price is now trading below $48,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $47,000 level. The first major resistance is near the $47,200 level and the 100 hourly SMA. There is also a major bearish trend line forming with resistance near $47,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The next key resistance could be $47,500, above which the price might rise towards the $48,500 resistance. To continue higher, the price must gain strength for a move above the $48,500 level in the near term. Dips Limited In BTC? If bitcoin fails to clear the $47,500 resistance zone, it could extend decline. An immediate support on the downside is near the $46,500 level. The 61.8% Fib retracement level of the upward move from the $45,520 swing low to $48,289 high is also near the $46,500 level. A downside break below the $46,500 level could push the price towards the $45,500 support. The next major support is near $45,000, below which there is a risk of a sharp decline towards the $43,200 level. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level. Major Support Levels – $46,500, followed by $45,500. Major Resistance Levels – $47,200, $47,500 and $48,500.

I'm from a country where Crypto is not recognized by the government and therefore I do not have to pay any tax on my Crypto. This should be so far the policy for the rest of the governments. Because, taxing something you don't recognize as an asset of value seems very off. It's not like…
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An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year. Crypto FOMO Will Drive Investments in 2022 Flori Marquez, Blockfi’s co-founder and senior vice […]

Why Dfinity/Internet Computer? Because I did my research and although I don't think it's amazing, it does seem like it does what it says on the tin. People seem to like it, and it's fast (due to centralization and ridiculously specific requirements for validator computers) so it may end up one of the many centralized…
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