Bitcoin (BTC) on Track for $50k After Seven Consecutive Green Candles

bitcoin stacking up on a laptop

Bitcoin finally broke above the critical $45,000 resistance level yesterday, a point that has proven extremely troublesome for the asset recently. The break facilitated a rally that helped Bitcoin reach a new yearly high above $48,000, a level it lost in the early hours of January 1st. The ongoing rally means Bitcoin has now enjoyed seven consecutive green candle days,…

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How Taxes May Affect Your Bitcoin or NFTs

No matter what asset class you are dealing with, you must pay attention to taxes. Cryptocurrencies and Non-Fungible Tokens (NFTs) are no exception. The challenge, however, is that newer asset classes sometimes come with laws that aren’t clearly defined. There are other variables to consider as well, including that cryptocurrencies and NFTs are taxed differently, and that your income will…

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Crypto Regulation Go into Hyperdrive as UK, US, and Australia All See Big Changes

man pointing to regulation image on tv screen

Regulation of the cryptocurrency industry has become the hot topic of this month as several new changes come into play. For the most part, governments are seeking favorable regulation of the cryptocurrency space, eager not to stifle their country’s innovation in the sector. However, governments also need to prioritize consumer safety, something we are now seeing most notably in the…

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Major Crypto Exchange FTX to Open Headquarters in Dubai

The major cryptocurrency exchange FTX, headed by 30-year-old Sam Bankman-Fried, has been awarded a virtual asset license in Dubai, United Arab Emirates (UAE). The news comes hot on the heels of reports that fellow crypto exchange Binance received a similar license with plans to move its headquarters to Dubai. Dubai is quickly becoming a global cryptocurrency center as the UAE…

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Bitcoin (BTC) Regains $40k as Donations Flood into Supporting Ukraine

The Russian invasion of Ukraine has highlighted how deeply imbedded cryptocurrencies have become in global politics. Millions of dollars worth of Bitcoin have been donated to support Ukraine since the invasion, helping to push the price of BTC back above $40,000 after a month of losses. After hitting $45k in early February, Bitcoin faced harsh resistance and collapsed throughout the…

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Canada Doubles Down on Controversial Emergency Laws While Citizens Look to Flee the Country

Desperate Canadians are now looking to flee the country following the implementation of emergency financial surveillance laws that are locking people out of their own bank accounts. Fear has rippled across the nation as Prime Minister Justin Trudeau’s government imposes increasingly dictatorial laws to control the Canadian people and restrict freedoms. Following the heavy-handed enforcement of pandemic-related laws that many…

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Popular DeFi Wallet MetaMask Gets First Ever Custody Solution

Abstract security cloud technology concept

The nascent world of decentralized finance (DeFi) has until now been avoided by institutional investors because of its perceived lack of security. Due to the nature of a decentralized system, the provision of custody has been difficult since coins can’t be safeguarded in a traditionally centralized manner. Now, Cactus Custody, a new custodial solution powered by Matrixport, has become the…

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Why is Bitcoin (BTC) Moving in Correlation with Traditional Stocks?

man looking at exchange chart

It’s not just the cryptocurrency market that’s crashing this month – traditional stock markets are doing just as badly. In fact, Bitcoin and its fellow cryptocurrencies are moving in closer correlation with traditional stocks than ever before. Over the past few weeks, Bitcoin’s 40-day correlation coefficient with the Nasdaq 100 has reached a factor of 0.66 – the closest correlation…

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