Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried Must Follow Strict Communication Rules A letter from defense lawyer Mark Cohen details how Sam Bankman-Fried can and can’t communicate...
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The IRS Is Revamping Its 2022 Crypto Reporting Requirements
Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements. The IRS Is Upping the Ante on Its Crypto Reporting Requirements For starters, the IRS is no longer referring to crypto as “virtual currencies” but as “digital assets.” On your 1040 income tax form,...
Cardano (ADA) Price Analysis: Bears In Action Below $0.35
ADA price is trading in a bearish zone below the $0.355 support zone against the US Dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There are two bearish trend lines forming with resistance near $0.3400 and $0.3580 on the 4-hours chart (data feed...
Ethereum Price Analysis: ETH Could Struggle To Recover
Ethereum price is struggling to recover above the $1,600 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,620 the 4-hours chart (data feed from Coinbase). The pair could...
Nirmala Sitharaman: Crypto Regulation Must Be a Group Effort
Union Finance Minister Nirmala Sitharaman of India commented that crypto regulation has become a major priority for several finance ministers and central bank governors of G20 countries. She commented that during this year’s summit, crypto regulation is likely to be a hot topic that many of them will discuss. Nirmala...
Opinion: Crypto Skeptic Ben McKenzie Seems to Have His Head in the Clouds
Why do actors consider themselves experts on things they’re clearly not experts on? Is it because they’re surrounded by entourages that deem them gods of some kind? Is it because their agents and managers suck up to them out of knowing that if they don’t do what they should, they...
Bitcoin Spikes Following Good News from the Fed
The price of bitcoin went up a bit in early February after it was announced that the Federal Reserve was predicting decreased inflation for 2023. Bitcoin Jumps Following Positive Fed Remarks The words came by way of Jerome Powell, the Federal Reserve chair. He stated in an interview: We expect...
Stellar Lumen (XLM) Price Accelerated Losses As Bears Take Control
Stellar lumen price is showing bearish signs below the $0.085 resistance zone against the US Dollar. XLM price is now trading below $0.085 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0840 on the 4-hours chart (data feed via Kraken)....
Ripple Price Analysis: Risk of Downside Break Below $0.35
Ripple price started a fresh decline from the $0.3850 zone against the US dollar. The price is now trading below $0.3750 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3700 on the 4-hours chart of the XRP/USD pair (data source...
The Government Believes It Can Force Crypto Mining Companies to Reveal Information
Through a series of letters to federal agencies, those in charge in the United States have stated that they believe they have the authority to force crypto mining firms to produce information about how much energy they use and how many greenhouse emissions they create. Are Mining Companies in Trouble?...