All Coinss Crypto News

Coinss Crypto News

Survey shows South Koreans support crypto tax law

An opinion poll conducted by South Korean television station YTN has shown significant support for the planned cryptocurrency tax regime in the country. According to a report by The Korea Herald, 53.7% of the 500 participants polled by South Korea survey firm Realmeter expressed support for the crypto tax law coming into effect in January 2022. However, respondents in their 20s — the most active crypto trading age demographic in South Korea...

Bitcoin is 'more religion than solution,' says billionaire Mark Cuban

Mark Cuban, the billionaire who once said that bananas are a better medium of exchange than Bitcoin, has doubled down on his view that the asset is more like a collectible than a reliable financial instrument. 2020 has been a big year in terms of institutional Bitcoin (BTC) adoption. Companies like MicroStrategy and Grayscale significantly increased their crypto holdings, while those associated with traditional finance (like CNBC’s Jim Cramer)...

SEC is looking into Robinhood's handling of GameStop trading

The U.S. securities watchdog is looking into the affair of Robinhood and the Redditors. At least in so many words. The Securities and Exchange Commission made a joint statement on Friday expressing concern over the “extreme price volatility of certain stocks’ trading prices over the past several days.” Though the commission didn’t use the words “GameStop,” “Robinhood,” or “Reddit,” it’s obvious that what the commission is...

Blockcap plans to have 50K Bitcoin miners operational by 2023

One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies.  In an announcement from Blockcap on Monday, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022. Blockcap now controls more than 12,000 mining rigs, generating more than 6.6 Bitcoin (BTC) daily — roughly $380,000 at the time of publication. The firm...

BTC, SOL, HT, ETC, AAVE

Bitcoin (BTC) price closed the month down 1.98% which according to data from Bybit, was its first negative close in April since 2015. In the same month Ether (ETH) price soared over 44% to hit a new all-time high close to $3,000. This wide divergence between the top two cryptocurrencies shows that the markets have matured and Bitcoin’s underperformance is not affecting altcoins as much as it did in the past. Ether’s bullish trend has...

Financial advisers lead the institutional push toward crypto adoption

In the past, there were plenty of reasons for financial advisers to dismiss Bitcoin (BTC) and other cryptocurrencies as a worthy investment, but all of that is starting to change as more institutions become attuned to the digital asset class. A face-melting rally for Bitcoin between September 2020 and April 2021 amplified the need to push beyond the narrative that digital assets are simply too volatile to include in client portfolios.  In a...

Range-bound Bitcoin price opens the door for altcoins to move higher

Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the...

Bitcoin supply squeeze heats up as Grayscale buys nearly 3x the BTC mined in December

Institutional crypto investment giant Grayscale now has $20 billion under its control as its Bitcoin (BTC) buys outstrip production by almost three to one. As noted by data analysis resource Coin98 Analytics on Jan. 1, Grayscale bought almost three times more BTC than that which was added to the market in December 2020. It’s official: Miners can’t produce enough Bitcoin Last month, the company added a total of 72,950 BTC ($2.132 billion) to...

Adoraboos is free and that’s the best thing about it

Working for Cointelegraph, we are regularly contacted by PR agents giving us advance notice of their clients’ forthcoming announcements. Those which seem interesting tend to be followed up with some additional research into the subject, before a decision is made on whether to publish a story. It was following one such contact, bearing the legend, Distance Learning Gaming App Teaches Blockchain for All Ages, that I found myself in the unlikely...

Maker Foundation returns dev fund to DAO amid path to decentralization

The MakerDAO Foundation has returned 84,000 MKR tokens from its development fund to MakerDAO’s governance module, marking a milestone in the project’s path to decentralization. In a May 3 blog post, the foundation notes that “no conditions or expectations” have been placed on MakerDAO regarding the returned tokens, with Maker Governance now having complete control over the tokens. The announcement states that with the return of the...