Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Italy Will Impose Crypto Gains Tax at 26% Starting in 2023

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Staking without having to have 32 ETH

As the title says, im now more or less earching for a way to stake with kess than 32 ETH, i got 0.1 ETH from a nice guy who liked my work and id like to stake some of it to maybe if everything works out, buy a new gpu for my CV studies… Any…
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Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours

Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion. MATIC is nursing a 12% intraday increase The crypto has breached the $0.90 barrier and pushed its market cap to over $8 billion Polygon NFT sales up by 191% According to latest tracking from Coingecko, the cryptocurrency is changing hands at $0.94, registering an increase of 12% in its intraday performance. Over the last seven days, MATIC has pumped its value by 10%. Among the top 10 digital currencies tracked by the online crypto information provider, Polygon was the day’s top gainer as BTC and ETH could only manage to go up by 4.9% and 7%, respectively. Moreover, with this bullish movement, the asset managed to push its total market capitalization to $8.32 billion, registering an inflow of around $400 million from the $7.60 billion valuation it was nursing when it was trading at $0.87 just the other day. The Signs Were There All Along For Polygon Last week, following all the chaos that ravaged the crypto space including the collapse of FTX and the closure of many related businesses, MATIC reacted negatively and plunged all the way down to the $0.81 support level. Related Reading: Dogecoin Rises: Over 60% Of Holders Continue To Profit Despite FTX Nightmare Source: TradingView However, yesterday, some of the digital asset’s technical indicators such as Relative Strength Index (RSI) and 200-day Exponential Moving Average (EMA) indicated the resurgence of a bullish movement for Polygon. Tallying an increase of 3.65% within the last 24-hours, the altcoin pulled itself back up to $0.86 and in doing so has teased a breakout above the $0.90 mark. In addition, the cryptocurrency was able to increase its trading volume by 1.90%, further solidifying the bullish thesis of analysts that were trying to determine where its price trajectory is headed. It turns out, the experts made the right call as MATIC is enjoying one of the best recent performances that the crypto space has witnessed so far. It still has ways to go but with its current level, it is extremely close to hitting the psychological $1 territory. NFT Sales Go Up By Almost 200% One possible reason for MATIC’s impressive showing right now is the incredible growth that is being enjoyed by its NFT department. According to information shared by crypto analytics portal Messari, since the end of September, Polygon-based NFT sales went up by 191% on its way to posting the best blockchain result by far. This development could be attributed to the project’s integration with Starbucks and Meta (Instagram), which, according to experts, greatly helped its native token during the crypto collapse. Related Reading: Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days MATIC total market cap at $8.05 billion on the daily chart | Featured image from CTV News, Chart: TradingView.com

Sam Bankman-Fried Lambasted by Crypto Community Over Controversial Interview

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A list of possible solutions to DAO voter apathy

submitted by /u/canman44999 [link] [comments]

El Salvador, the first nation to make Bitcoin legal tender, closed November 2022 as the safest month in the nation’s history.

According to their president Nayib Bukele. November 2022 closes as the safest month in the entire history of El Salvador. If we annualize the homicide rate for November, El Salvador (recently the most dangerous country in the world) would have 2.5 annual homicides per 100,000 inhabitants. The safest country in LATAM. https://twitter.com/nayibbukele/status/1598203818021621760?t=4TIRyC5yowD3V2tyj_zr_Q&s=19 El Salvador has…
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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of […]

Sharing my Google Sheets template of Crypto Live Trading Journal & Strategy Analysis

Hello, I work at a small investment management company and have been using this trading journal created by one of my IT co-workers in light and dark themes. It lets me record and analyze the trades I take, and also helps me improve a trading strategy, comparing the trades by the criteria they meet and…
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BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.

Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.