Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The new law establishes a crime of fraud involving virtual assets, with a penalty of between four and six years in jail plus a fine. It also creates a “virtual service provider” license, which is to be requested by digital asset companies, including exchanges and trading intermediaries. Source link

Despite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the community appears to remain bullish about crypto, according to a new survey. Crypto markets saw a massive sell-off in 2022, with the total market cap plummeting nearly 70% since Bitcoin (BTC) reached its all-time highs at $69,000 in November 2021. But this didn’t prevent investors from buying more cryptocurrency, as 41% of respondents said they purchased crypto in 2022 in an online… Source link

Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200. Bitcoin Bitcoin (BTC) continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States. This afternoon’s figures are expected to show growth… Source link

Bitcoin (BTC) price action may be “unsustainably high,” as one metric hits its highest levels in seven months. Data from on-chain analytics firm Glassnode confirms that on Dec. 21, Bitcoin’s network value to transaction (NVT) signal reached levels not seen since April. Bitcoin activity may not support $17,000 BTC price Created by statistician Willy Woo, NVT essentially measures the ratio between on-chain activity and the price of Bitcoin. NVT signal modifies its readings by using a 90-day… Source link

Bitcoin Analysis  Bitcoin’s price pulled back slightly on Wednesday and concluded the day’s trading session -$80.   The BTC/USD 4HR chart below by FXCM is the first chart we’re examining for this Thursday. BTC’s price is trading between the 100.00% fibonacci level [$15,479.00] and 50.00% [$16,926.00], at the time of writing. BTC’s price is trading just below the 50.00% fibonacci level despite the Total Market Cap bullishly engulfing on Tuesday. If bullish market participants… Source link

Bitcoin Analysis  Bitcoin’s price pulled back slightly on Wednesday and concluded the day’s trading session -$80.   The BTC/USD 4HR chart below by FXCM is the first chart we’re examining for this Thursday. BTC’s price is trading between the 100.00% fibonacci level [$15,479.00] and 50.00% [$16,926.00], at the time of writing. BTC’s price is trading just below the 50.00% fibonacci level despite the Total Market Cap bullishly engulfing on Tuesday. If bullish market participants… Source link

Despite the strain on the ecosystem, we believe next year will be a turnaround for Monero with a unique upside for the coin by year-end. Dear readers, welcome to another episode of the Coinspeaker Advent Calendar as we plunge into the Monero (XMR) ecosystem and what it holds for the average investor in the coming year. The Monero Ideology As we have done for the better part of this Advent Series, we dive into what a particular asset class stands for, its basic fundamentals, and prospects. These… Source link

Litecoin price analysis shows a bullish trend as prices move to reclaim the $66.37 level, However, the bulls may encounter selling pressure at this level. If they do, a retracement to around $64.90 could occur. Litecoin prices have seen a steady increase over the past hours as buyers return to the market. Prices reached a low of $64.90 on the previous day, and have since climbed back up to $66.37. The price of LTC has seen some strong buying pressure as of late and looks poised to continue… Source link