[ad_1] In a recent move to boost the growth of crypto investment products in Japan, a coalition of Japanese companies has recommended that any upcoming exchange-traded funds (ETFs) in the region should focus on Bitcoin (BTC) and Ethereum (ETH). This recommendation comes as Japan debates whether to follow the US and other nations that have already approved crypto-backed ETFs. The Push For Crypto ETF Approval It is no more news that the recent introduction of crypto ETFs in the US and other major countries such as Hong Kong is viewed as a milestone for the digital asset industry, following years…
Author: dfrancis36
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Aligning themselves with the tax reporting rule on digital currency enacted by the European Union (EU), the Netherlands revealed its intention to apply tax monitoring rules on crypto. The Dutch government, an EU member, is obliged to accept and apply the new reporting requirement, a structure meant to assist EU member states in controlling digital currencies. New Reporting Policy The Dutch Ministry of Finance announced that the government seeks to pass a new policy that will ensure that activities related to cryptocurrencies will be reported and subjected to tax. According to tax authorities, under the proposed legislation, the government will…
[ad_1] As SUI dips further into bearish territory, technical indicators are increasingly signaling a challenging path ahead. A key measure, the Relative Strength Index (RSI), has turned negative, suggesting that selling pressure is mounting and that more downside may be on the horizon. With SUI navigating this bearish shift, market participants are keeping a close eye on potential support levels, wondering if the asset can stabilize or if sellers will continue to drive prices lower. This analysis explores SUI’s recent entry into bearish territory, examining the implications of the RSI’s downward shift and the potential for more price declines. It…
[ad_1] Bitcoin prices are steady above the $66,000 support when writing on October 25. While confidence is high, the coin is still trending below the psychological round at $70,000. It has yet to shake off sellers in early October. Demand For Spot Bitcoin ETFs Shoots To A 6-Month High However, looking at emerging spot Bitcoin ETF trends, this is about to change. The latest analysis by Ki Young Ju of CryptoQuant on October 25 shows that the demand for these crypto derivative products has risen over the last 30 days. The uptick has seen the demand for spot Bitcoin ETFs…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election. Related Reading Bitcoin To Face Another Shakeout Soon This ‘Uptober,’ Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones. In the last two weeks, BTC recovered 14% from the early October shakeouts, nearing a retest of the…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] A gang of convicted Austrian fraudsters financed their luxurious life with money acquired from a giant crypto scam. Among other luxuries they purchased were a shark tank, a villa, a luxury car, private jet travels, and nights at club parties, Heute, an Austrian news outlet, reported on October 23. Around 40,000 people were reportedly victimized by the scheme, with around $21.6 million (20 million euros) accumulated from the fraud. Crypto Scammers Busted The operation of the fraudulent investment scheme was based on investments in the EXW Wallet, as well as in EXW crypto tokens and real estate projects. EXW…
[ad_1] Bitcoin investors are presently displaying renewed enthusiasm towards the largest crypto asset as its net capital inflows have experienced a notable spike. This signals an increase in overall market appetite and has prompted speculations about potential rallies in the upcoming months. Bitcoin Capital Inflows Soars, Strong Demand Ahead? According to current reports from Glassnode, a world-leading financial and on-chain data firm, the net capital of inflows of Bitcoin is on the rise, reflecting a strong confidence in the digital asset. Data from Glassnode reveals that the overall capital flowing into BTC went up in the last 30 days by…
[ad_1] A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap Ethereum (ETH) competitor while outlining the path forward for the Goatseus Maximus (GOAT) memecoin. Starting with the Ethereum rival, the analyst pseudonymously known as Sherpa tells his 228,300 followers on the social media platform X that Solana (SOL) is set to surge due to robust network activity. “SOL: this one will clearly break all-time highs and this is predictable given all of the on-chain action the last two weeks.” Source: Altcoin Sherpa/X Solana is trading at $174 at time of writing and would need to rally…