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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