Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX
Bitcoin and several altcoins are getting sold into rallies, increasing the risk of a downside breakdown.
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White House publishes ‘first-ever’ comprehensive framework for crypto
The fact sheet sums up the efforts of nine federal agencies’ research over the past six months. 643 Total views 6 Total shares Following United States President Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on six principal directions for the crypto regulation…

Indian Government Panel Suggests Crypto Dealings Should be Illegal, Local Sources Say
An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBCTV18 reported on the framework on Dec. 6.The article cites an unnamed source as noting that “the panel has categorically said that all such currencies should…

Gold-Based Monetary System to Bring Price Stability to Crypto, Preventing Value Decrease
Gold-based monetary system Kinesis aims to bring price stability to the world of cryptocurrency and to prevent the decrease of its value. The company says it has already attracted interest from key players in the gold industry, which is estimated at $6.8 trillion only on London’s gold market (70 percent of the global trading volume).After…

83% of US Investors Would Dip Their Toes Into Bitcoin: New Report
A new study found that 83% of American investors would consider a preliminary investment in Bitcoin, as the asset gains traction among an ever more mainstream audience.‘Me and you and everyone we know’According to the 2019 Investor Study published by digital asset management fund Grayscale Investments this month, the demographics, attitudes, and beliefs of Bitcoin…

Retail Giant Overstock Reports Losses, Says Blockchain Business Strong
Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit.In a shareholder announcement published on Aug. 8, Overstock stated that its blockchain subsidiary firm, tZERO, is progressing as planned, with a focus on six key areas — notably security tokens.No pain no…

PayPal Bitcoin Rumor Boosts $12K BTC Price Rally Chances
Bitcoin (BTC) coming to PayPal and Venmo may be just a rumor, but some of the cryptocurrency’s best-known names are turning bullish.As the news hit that the payment processor was allegedly planning crypto buying and selling for its 305 million users, BTC/USD spiked to test resistance at $9,600.Keiser: PayPal will fuel “global hash war”Despite PayPal…

Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on His Own Websites
Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26.The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he…

Crypto trades in Thailand now reportedly subject to 15% capital gains tax
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. 422 Total views 19 Total shares The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry.Profits from crypto trading in Thailand are…