Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900

Ether soared to new record highs Thursday, but an overheated derivatives market may suggest higher volatility is on the way for the short term.  The second-largest cryptocurrency by market value set the new lifetime high of $1,928 soon before press time, having first breached the previous peak of $1,821.49 reached on Feb. 13 early today, […]

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‘Long Tech’ Retakes Most Crowded Trade Crown from Bitcoin: Bank of America Survey

A bullish bet on technology stocks, or “long tech,” has reclaimed the title of most-crowded trade in the financial markets, according to Bank of America’s (BofA) February survey of fund managers. Bitcoin saw a surge in capital inflow last month, with prices reaching then-record highs above $40,000 on Jan. 8 – a 300% gain from […]

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ConsenSys Grants Help Iranian Women Learn Solidity

Seven female coders from Iran got scholarships and graduated from a bootcamp of ConsenSys Academy, Ethereum startup incubator’s educational branch.  The scholarships, a part of ConsenSys’ global program to help developers start coding on the Ethereum blockchain, might provide additional opportunities for people in the country largely cut off from the international tech community.  Women […]

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Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand, Says JPMorgan

While crypto traders foresee major corporates copying Tesla’s decision to invest in bitcoin, investment bank JPMorgan suggests otherwise. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of bitcoin,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note reported by Bloomberg on Wednesday. Tesla, […]

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India May Side-Step Parliament to Push Through Crypto Bill: Report

The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process. Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of the cabinet, and would be equivalent to an act of parliament, according to Wikipedia. The route is […]

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Binance Suspends Deposits in Nigeria Following Central Bank Directive

Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments […]

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US Library of Congress Says Most Countries Lack Clear Tax Guidance on Crypto Staking

The U.S. Library of Congress’ law division has released a report that shows major differences across global jurisdictions on the taxation of cryptocurrency gains based on how assets are obtained. The 124-page report penned by foreign law specialists, titled “Taxation of Cryptocurrency Block Rewards in Selected Jurisdictions,” was announced Wednesday by U.S. Congressman Tom Emmer. […]

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Malaysia Pair Face Caning for Alleged $37K Bitcoin Fraud

Two Malaysians accused of running a scam involving bitcoin could soon face physical punishment as dictated under the country’s stiff penal code. According to a report by the Malay Mail on Tuesday, Reduan Ismail and Adan Ibrahim are alleged to have defrauded three women of more than 150,000 Malaysian ringgits (around $37,000). If convicted the […]

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Judge Rejects Virgil Griffith’s Motion to Dismiss Charges of Aiding North Korea

Virgil Griffith’s motion to dismiss the charges against him claiming that he violated U.S. sanctions law in North Korea was denied late Friday by a judge in the Southern District of New York (SDNY). U.S. Judge Kevin Castel denied the motion, leaving it up to a jury to decide whether Griffith is guilty of helping […]

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Bitcoin Surges to $37K After Elon Musk Adds Crypto to Twitter Bio

Bitcoin witnessed a sudden double-digit spike to 10-day highs on Friday. The top cryptocurrency picked up a bid near $32,000 at around 08:30 UTC and jumped to $37,050, the highest level since Jan. 19, according to CoinDesk 20 data. The 15.7% rise happened in less than 15 minutes and more than reversed the early dip […]

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