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Cryptocurrency market appears to be in bad health as volumes tank by 60%

Cryptocurrency traded volumes are seeing a steep decline across the board. Legitimate trading volume was $55 billion in August; down from $111 billion in June. Looking at Binance and Coinbase, exchanges with the largest market share in terms of volume, the trend is only worsening.…

Changes Afoot for Philippine Crypto-Friendly Economic Zone

The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued…

Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding…

10 Tax Tools to Help Crypto Owners

While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and…

Indian Parliament Member Helping Crypto Community Influence Regulation

The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to Be a Millionaire’…

FATF Pressures OKEx to Delist Monero, Zcash, Dash; Litecoin Next?

A guideline issued by the Financial Action Task Force (FATF) is prompting OKEx to delist popular privacy-centering cryptocurrencies. Travel Rule The Korean wing of the cryptocurrency firm announced on Monday that it is going to stop trading of Monero, Zcash, Dash, Horizen, and Super Bitcoin on…

European Countries Step Up Response to Facebook’s Libra

The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can…

This Week Could Be Big For Bitcoin as Breakout Nears

Bitcoin traders turned off their terminals and occupied themselves with other things this weekend as the king of crypto barely moved. The BTC trading range is getting tighter which can only mean one thing – a breakout is imminent. Bitcoin Breakout This Week For the…

Key Technical Indicator Signals Bitcoin is Gearing Up for a Big Move

After inching higher yesterday, Bitcoin faced a somewhat strong rejection at just above $10,400, which has brought the cryptocurrency down towards its next key support level at $10,000. A failure for bulls to hold this level could mark a short-term trend shift that sends BTC…

Analyst Says More People Will Buy Bitcoin as Equity Markets Climb

Bitcoin’s price action has grown stagnate in the lower-$10,000 region over the past several days, which has proven to be a positive thing for multiple major altcoins, as they were able to post large gains yesterday with Ethereum leading the way. Now, one analyst and…