Cryptocurrencies have undergone a number of unexpected developments throughout the first half of 2022. One of the worst market crashes in recent memory has just occurred, with the value of cryptocurrencies like Bitcoin and Ethereum falling and alternative markets like Terra entirely collapsing. So, how to deposit with crypto in online casino? There’s one thing we’ve learned over the past…
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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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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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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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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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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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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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The US Justice Department (DoJ) recently seized almost 95,000 stolen Bitcoin worth approximately 3.6 billion dollars. The coins stem back to the 2016 hack of major crypto exchange BitFinex, a theft that has gone unsolved until now. In a bizarre tale of events, the authorities happened to discover the stolen Bitcoin when large portions of it were consolidated in a…
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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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2021 has come to an end. One thing we have all come to experience from the crazy two years to pass is how quickly the economy was affected by the global pandemic. The only way it seems that money in people’s pockets can be held down, is by smart investments. Some who managed to do so within 2021, made some…
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