The United States tax bill, which could hurt Bitcoin (BTC) and crypto holders, will “continue the plunder of future generations,” Cameron Winklevoss argues. According to new estimates, the proposed Infrastructure Bill currently under discussion in Washington would pile on an extra quarter of a trillion dollars in debt. Bill may add $256 billion in debt As the contentious bill makes its way through government, crypto voices continue to warn about a potential tax nightmare, which, they… Source link

Today, neither bulls nor bears are dominating as some coins are in the green zone while others are in red. Top coins by CoinMarketCap LTC/USD Litecoin (LTC) could not follow the rise of Bitcoin (BTC) and other growing coins as the rate of the “digital silver” has gone down by 1.21% since yesterday. LTC/USD chart by TradingView On the hourly chart, Litecoin (LTC) has bounced off the $136 mark, following a rising trading volume. At the moment, there is a high… Source link

Ethereum Ethereum rose by 3.84% on Thursday. Following an 8.63% rally on Wednesday, Ethereum ended the day at $2,829.39. A bearish start to the day saw Ethereum fall to a mid-day intraday low $2,534.30 before making a move. Coming within range of the first major support level at $2,530, Ethereum rallied to a late intraday high $2,845.00. Ethereum broke through the 38.2% FIB of $2,740 to test the first major resistance level at S2,845 before easing back. At the time of writing, Ethereum was up by… Source link

Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and crypto compliance firm Ciphertrace announced Thursday “enhanced… Source link

A new software update for Ethereum, the second-largest blockchain network, will likely stabilize transaction fees and cut down on the supply of the tokens, according to Reuters. Ether was trading lower prior to the news but gained afterward and was up 2.6 percent to $2,796, Reuters reported. The adjustment is called the Ethereum Improvement Proposal (EIP) 1559. It entails changing how transactions are processed on Ethereum by offering more transparent pricing for transaction fees in ether… Source link

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Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset.  Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but this is a topic under heavy contention. To understand the impact of the recent price movement, traders should analyze the weekly options expiry…. Source link

Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in a rally that propelled BTC’s price 9% higher and caused Ether to gain 11.75%, which pushed the altcoin closer to the elusive $3,000 level. Data from Cointelegraph Markets Pro and TradingView shows that after an early morning sell-off that saw BTC fall to $37,280, the bulls stepped in,… Source link

​Nigeria has been leading the way for Bitcoin adoption in Africa despite its goverment’s recent efforts to reduce access to Bitcoin services to its people. In February, the Central Bank of Nigeria (CBN) reinforced legislation from 2017 that prohibits regulated financial institutions from dealing with bitcoin or facilitating payments for bitcoin exchanges. Notwithstanding the ban, Nigerians have resorted to peer-to-peer (P2P) trading and moved almost $40 million in BTC volume in the last… Source link

A month ago, see here, Ethereum (ETH), aka Ether, had the potential setup in place to start its run to $9K. However, it failed at its 50-day simple moving average (SMA) and remained below its Ichimoku Cloud. History tells us when an instrument is unable to clear those hurdles; pressure remains down as the trend is down. Thus, ETH revisited the $1700 level one more time in July and, in addition to that, established a triple bottom. See figure 1 below. It bottomed on July 20th at $1720 and… Source link