Category: Cryptocurrency

Feb 03
UK tax agency cracks down on rules around DeFi lending and staking

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor 51 Total views 2 Total shares Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has […]

Feb 02
Bitcoin price dips below $37K as a descending channel pattern comes back into play

Bitcoin’s repeat visit to the sub-$37,000 range is re-enforcing analysts’ view that BTC is either set for a lengthy consolidation or further downside. 2784 Total views 6 Total shares The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility.  Data from Cointelegraph Markets Pro […]

Feb 02
Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

“Yeah, I could give the money back. It is within my power, but I’m gonna look out for myself and not do that,” said Ice Poseidon when confronted in a video interview. 444 Total views 8 Total shares On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber […]

Feb 02
Colombia clamps down on crypto tax evasion as adoption thrives

Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders.  In a statement released on Friday, the DIAN stated that it would attempt to better regulate […]

Feb 02
Diem stablecoin co-founder praises Bitcoin for censorship resistance

Meta’s Diem co-creator, David Marcus, said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019. 1187 Total views 74 Total shares Shortly after Meta, formerly Facebook, officially gave up on its stablecoin Diem, some of the key people in the project have become increasingly vocal about the uncensorable nature […]

Feb 02
BTC price faces crucial trend battle as Bitcoin RSI confirms breakout

Bulls have something to celebrate after a classic on-chain metric prints its first major divergence in months. 5710 Total views 48 Total shares Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI breaks […]

Feb 02
Hodlers beware! New malware targets MetaMask and 40 other crypto wallets

Users have been warned against a new malware designed to steal crypto from browser extension wallets such as MetaMask and Coinbase Wallet. 5989 Total views 102 Total shares Security was never the strong suit of browser-based crypto wallets to store Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. However, new malware makes the safety of online […]

Feb 02
US bobsledder feels the Bitcoin rhythm and orange pills his fans

Johnny Quinn, a U.S. Olympic Bobsledder and former football player, is the latest celebrity to join the Bitcoin bandwagon. 146 Total views 14 Total shares Olympic bobsledder Johnny Quinn is the latest sporting celebrity to swallow the orange pill. In a Twitter thread, he shared his best of Bitcoin (BTC) education while welcoming the Bitcoin […]

Feb 02
Willy Woo: 'Peak fear' but on-chain metrics say it’s not a bear market

“No doubt about it, people are really scared, which is typically […] an opportunity to buy,” Willy Woo said. 2700 Total views 59 Total shares Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels. Speaking on […]

Feb 02
Kiss this: You can buy Gene Simmons’ Las Vegas mansion with crypto

The Israeli-American musician has been a long-time supporter of crypto, and says he will accept payments in a number of cryptocurrencies including BTC, ETH, and LTC for the sale of his $13.5 million Nevada mansion. 2382 Total views 27 Total shares Rock legend Gene Simmons says he will accept crypto payments for the sale of […]