Nigeria to Ban P2P Crypto Trades Amid Economic Turmoil

The Nigerian SEC moves to ban P2P crypto trading to protect the naira.

The post Nigeria to Ban P2P Crypto Trades Amid Economic Turmoil appeared first on BeInCrypto.

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Bitcoin stabilizes near $63,000 as U.S. economic growth decelerates.

Quick Take Data from Trading Economics shows the United States economy grew at an annualized rate of 1. 6% in the first quarter of 2024, falling short of the forecasted 2. 5% and slowing down from the previous quarter’s 3.

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Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report

A Nigerian court has ordered Binance to provide Nigeria's Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.

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From GDP to Bitcoin: Connecting the Dots in This Week’s Economic Calendar

Crypto markets are unlikely to be affected by this week's key US economic events, despite a 2.5% drop in total capitalization during Monday's Asian trading session. The post From GDP to Bitcoin: Connecting the Dots in This Week’s Economic Calendar appeared first on BeInCrypto.

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From Crypto To Catch: Disgraced FTX Founder Turns To Trading Fish In Prison

According to a report by Business Insider, Sam Bankman-Fried (SBF), co-founder and former CEO of FTX, has adapted to the economic system of New York’s Metropolitan Detention Center (MDC), where he is currently awaiting sentencing on multiple felony counts.

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Thailand Plans to Tax Overseas Income From Crypto Traders 

Thailand plans to tax overseas income from crypto traders to fund its economic stimulus measures. The tax targets residents trading in foreign stock markets and cryptocurrency traders. The post Thailand Plans to Tax Overseas Income From Crypto Traders  appeared first on BeInCrypto.

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Deutsche Bank taps Swiss crypto firm Taurus for custody services

Deutsche Bank will offer crypto custody services for institutional investors. Deutsche Bank in a World Economic Forum paper in 2020 expressed intentions of offering crypto trading. The bank has however clarified that it currently does not have plans to offer crypto trading.

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Ukraine probes local crypto exchanges for tax dodging

The Economic Security Bureau of Ukraine is conducting a pretrial investigation against local crypto trading platforms suspected of tax avoidance. Ukraine’s Economic Security Bureau (ESB) is investigating local crypto exchanges after the bureau found that non-regulated exchanges operating in the…

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Crypto Regulatory Bill Faces Pushback In Australian Senate: What’s Next?

A recent development has stirred discussion among legislators, crypto enthusiasts, and industry stakeholders in Australia. The nation’s Senate, via its Economic Legislation Committee, has shown resistance against a Bill aiming to regulate the cryptocurrency trading platforms operating within its borders.

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China combats struggling financial markets with tax cuts

Quick Take In a determined bid to reanimate its ailing financial markets, China has slashed stock trading taxes by half, as reported by market analyst Ayesha Tariq. Alongside this, the government has directed state-owned banks and funds to invest in stocks, adding a new layer of complexity to the nation’s economic landscape.

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UK Economic Secretary rejects regulating crypto as gambling, advocates for financial services framework

Andrew Griffith, U. K’s Economic Secretary to the Treasury, has rejected the Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling, according to a response published on July 20.

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InQubeta (QUBE) Sees Strong Investor Interest As Ripple (XRP) And Near Protocol (NEAR) Trading Volumes Drop

The crypto market is highly dynamic, and sentiments can change rapidly. This may be influenced by a wide range of factors, including the latest trends, economic events, regulations, and news. Recently, an upcoming crypto crowdfunding platform, InQubeta, has garnered strong investor interest amid declining trading volumes for Ripple (XRP) and Near Protocol (NEAR). Its unique […]

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Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties

Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%.

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Brazil And Argentina Don’t Need A Common Currency, They Need Bitcoin

Brazil and Argentina are considering a common trading currency, but that would just perpetuate the economic problems that Bitcoin could solve.

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Bitcoin Nears $21,000 Level, Rallies 24% In Last Seven Days Post-FTX Mess

Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $20,883, leading the crypto market to rally as optimistic investors enter the market. This may seem as a surprise, but with the Consumer Price Index (CPI) data showing an improving economic trend, a further upwards break is possible for BTC.  […]

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Coinbase stock soars 11% amid $100 million settlement with NY regulator

Coinbase (NASDAQ: COIN) shares spiked more than 11. 6% on Wednesday and were trading around $37. 50 at 11:30 am ET. COIN’s gains followed the latest crypto-related news for the leading US-based cryptocurrency exchange, with the gains also happening as stocks looked to stage an upside move amid multiple sets of economic news.

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Uncertain 2023 Outlook Causes Treasury Yields to Fall

Coinspeaker Uncertain 2023 Outlook Causes Treasury Yields to Fall As the new year kicks off and 2023 trading begins, investors' fingers are crossed on key economic metrics expected to be available in the coming week.

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70% of unregulated exchanges’ volume is wash trading: study

An average of 70% transaction volume on unregulated exchanges are in wash trades. The statistic is part of a report recently released by the National Bureau of Economic Research (NBER). Incentives for exchanges include rankings and short term price movements.

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Nigeria to Regulate Cryptocurrency to Flow With Global Economic Innovations

Nigeria plans to regulate cryptocurrency to be up to date with global practices. The African nation once banned the trading of crypto in 2021. The post Nigeria to Regulate Cryptocurrency to Flow With Global Economic Innovations appeared first on BeInCrypto.

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New OECD report takes lessons from crypto winter, faults ‘financial engineering’

The Organisation for Economic Cooperation and Development found regulation and retail consumer protections lacking in a highly complex trading environment.

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Bitcoin Sells-Off Amid Strong Economic Data, Can $18,600 Hold The Line?

Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterday’s trading session, the cryptocurrency saw upside volatility, but gains were surrounded once more today as macroeconomic forces took over BTC.

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Bitcoin's Correlation With Stocks Comes Back as Economic Factors Roil Markets

Bitcoin and stocks are almost trading in tandem again – as risky asset markets move in response to fresh developments in the economy and international affairs.

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Russians turn to crypto to evade restrictions

Bitcoin (BTC/USD) is trading just above the $20k mark after another sell-off. This latest dip follows a broader market reaction to Federal Reserve Chairman Jerome Powell’s monetary policy remarks at Friday’s Jackson Hole economic forum.

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First Mover Asia: Bitcoin Above $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

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First Mover Asia: Bitcoin Hovers Over $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

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Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule

Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule. Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More As reported by The Economic Times, following the start of the 1% TDS rule, exchange trading volumes in India […]

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Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]

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Binance unveils crypto card to aid Ukrainian refugees

Binance, the largest crypto by trading volume, has rolled out a crypto card to help Ukrainian refugees complete transactions seamlessly within the European Economic Area (EEA), according to an April 26 press release.

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Assessing EU's proposed clampdown on crypto trading among non-custodial wallets

The Committee on Economic and Monetary Affairs of the European Parliament is set to hold a session on 31 March, 2022. It is heading to put regulatory clauses on crypto trade with non-custodial walletsThe post Assessing EU's proposed clampdown on crypto trading among non-custodial wallets appeared first on AMBCrypto.

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Abu Dhabi rolls out draft recommendations for NFT trading

The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.

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Russian Cryptocurrency Volumes Across Several Exchanges Dip By 50%

Regardless of the growing economic sanctions against Russia, the volume of cryptocurrencies bought using Rubles across several major cryptocurrency exchanges plummets drastically. According to data from blockchain-data aggregators display, Russian collateralizing crypto trading across significant crypto exchanges is dropping badly.

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A Deep Dive Into Era7: Game Of Truth, a Play-To-Earn NFT Trading Card Game

Era7’s ‘Game Of Truth’ joins GameFi and offers players mildly competitive entertainment that provides an avenue to earn. Blockchain technology is quickly redefining the gaming industry by introducing an  economic incentive model.

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Australian senator lends support to DeFi amid market pullback

Australian Senator Jane Hume, while speaking at the Australian Financial Review Super and Wealth Summit, stated how the DeFi industry has been prospering in terms of trading.  “DeFi prospects are looking bright as the technology is not going away anytime soon,” Senator Hume, the minister of Women’s Economic Security of Australia and representative of the […] The post Australian senator lends support to DeFi amid market pullback appeared first on CryptoSlate.

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Dubai to Allow Crypto Trading within Tax-Exempt Economic Zones

The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support the trading of cryptocurrencies in DWTCA's free zone, reported the state news agency.

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

It is only natural for multi-asset traders to take an interest in cryptocurrencies. After all, blockchain is on its way to becoming one of the top five emerging technologies. In fact, The World Economic Forum made a prediction that by 2025, blockchain tech will account for 10% of the Gross Domestic Product worldwide.

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Only 0.02% of Stimulus Checks Spent on Bitcoin, says Cleveland Fed

EIPs had a 3. 8% increase, a “significant but modest” effect in the volume of BTC/USD buy trading volume, same as in Japan, Singapore, and South Korea, which was limited to younger people. As such, policymakers shouldn’t be concerned about money being diverted to crypto when considering similar economic relief programs in the future, the Fed said.

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Indian Authorities May Slap 18% Tax on Foreign Crypto Exchanges

Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021.

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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services

They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety.

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“Netherlands Must Ban Bitcoin Now,” says Director for Economic Analysis

Pieter Hasekamp is calling for a complete ban on crypto — mining, trading, and holding because they are only good at privacy which is used by criminals, while government money works just fine with “hardly any currency devaluation.

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US investors made over $4 billion trading Bitcoin last year

A recent report from cryptocurrency analytics firm Chainalysis has shown that quite a number of countries made massive gains in their Bitcoin investments when compared to their traditional economic rankings.

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eToro Adds Chainlink And Uniswap Following An ‘Explosion In Retail Investor Appetite’

The crypto market has been scoring huge wins of late as digital assets win in recognition in various economic sectors across the world. The latest break-through happens to involve one of the world’s largest online-based trading platforms, eToro.

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Monetary Authority of Singapore (MAS) Warns: Crypto is ‘Highly Risky’ & ‘Not Suitable for Retail Investors’

Singapore is warning the public about the risks of trading cryptocurrencies. Tharman Shanmugaratnam, the chairman of the Monetary Authority of Singapore, in response to a parliamentary question on Monday said, “Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals.

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Trump's former economic advisor explains why Bitcoin is not a 'reliable store of value'

On its way down, the price of Bitcoin often comes across many bearish sentiments claiming why the asset should not be trading high in the first place. In one such outlook, economic advisor to former PThe post Trump's former economic advisor explains why Bitcoin is not a 'reliable store of value' appeared first on AMBCrypto.

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Crypto Is Booming in Economically Challenged Argentina

Argentina's crypto industry saw record trading volumes this year, amid the COVID-19 pandemic and economic hardship.

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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program.

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Here’s the Current Political Event That’s Driving Bitcoin Higher: Economist

Bitcoin has rapidly become a macro asset throughout the past few weeks and months, with the crypto trading largely based on global economic trends and events This has greatly benefited the cryptocurrency as of late, with a combination of stock market strength, weakness in the Dollar, and some economic uncertainty in the future all bolstering it One economist is now noting that there is one crucial economic event that will likely guide Bitcoin’s price action […]

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Social Welfare Business Camp Global Lists CAMP on ProBit Exchange

Camp Global, a Korea-based transparent donation and economic development blockchain platform has listed its CAMP token on ProBit Exchange on October 16 with the pairing of KRW and USDT markets for the trading community.

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Bitcoin Sell-Off Accelerates amid US Stock Downtrend; Crash Ahead?

Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading […]

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RTTFX – an up-to-date professional trading partner for life

Looking to invest your finances with great returns? Your search ends here. The new year brought with itself economic slowdown and market ambiguity. As businesses are being affected by the global Covid-19 pandemic, traders are finding it difficult to trust any broker or online trading company.

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