In an interview with Cointelegraph’s Joe Hall, Held touched upon various topics, including transaction fees, scaling solutions and the evolving narrative around Bitcoin as a means of payment. One of the significant concerns discussed was the recent spike in BTC transaction fees and its impact on the community. Continue Reading on Coin Telegraph More
In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks. Continue Reading on Coin Telegraph More
Currently, government officials must report stocks, bonds, jewelry, gifted memberships and other holdings worth more than 1 million Korean won — approximately $760 — but no such disclosure is required for digital assets under existing South Korean law. Continue Reading on Coin Telegraph More
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the range immediately below $27,000.Continue Reading on Coin Telegraph More
Derivatives are securities under Philippine law and therefore subject to registration by the PSEC. Gemini lacks the necessary licensing and authority to operate in the country. Salesmen, brokers, dealers or agents that sell or promote unregistered securities face a fine of up to 5 million pesos ($89,826) or 21 years’ imprisonment, the agency said in a statement dated May 11 but posted a week later.Continue Reading on Coin Telegraph More
Shiba Inu (SHIB) bulls have gained control following a week of bearish pressure that saw the price fall until finding support at the 90-day low of $0.000008458 in the past 24 hours. Despite this, the SHIB price has seen a renewed wave of buying, which has sent it to a new 7-day high of $0.000008982, where it has since met some resistance.The SHIB market continued to be bullish at press time, with a 2.07% gain to $0.000008862.SHIB’s market capitalization and 24-hour trading volume increased by 2.21% and 153.35%, respectively, as traders jumped into the rally, reaching $5,226,595,361 and $131,529,348.SHIB/USD 24-hr Price Chart (Source: CoinMarketCap)The bulging Bollinger bands and increased trading activity in the SHIB market indicate that volatility is increasing. The upper and lower bars contact at $0.00000883 and $0.00000834, respectively, indicating more volatility.However, after breaking through the upper range, the price movement produced red candlesticks, signalling a possible retreat.The bullish comeback in Shiba Inu’s price may be losing pace, with a Relative Strength Index (RSI) value of 62.33 and heading downward after being overbought. However, there is still some market momentum since it is over the “50” line.SHIB/USD 1-hr Chart (Source: TradingView)With a value of 81.70, the stochastic RSI has just moved below its signal line, indicating that there may be some selling pressure shortly. This action warns investors to be watchful and actively monitor the market.On the other hand, the Moving Average Convergence Divergence (MACD) motion is in positive territory with a value of 0.00000004, indicating that the market still has some bullish momentum.This movement and a positive histogram trend suggest that there may be some purchasing chances for those ready to take some risk.SHIB/USD 1-hr Chart (Source: TradingView)Shiba Inu (SHIB) price shows bullish momentum, but caution is advised as volatility increases and selling pressure looms. Potential buying opportunities exist for risk-tolerant investors.Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.The post SHIB Recovers Mid Volatility: Bullish Momentum or Impending Retreat? appeared first on Coin Edition.See original on CoinEdition More
On-chain activity on the Solana (SOL) blockchain dropped in May, despite a significant increase in new addresses joining the blockchain’s network. New SOL users joining Solana in May have already surpassed the new participants it recorded in each of the past months in 2023.Solana is one of the prominent blockchains for building smart contracts. It is so popular among blockchain users that it is considered one of the Ethereum competitors. Data from The Block, a blockchain analytic tool, shows that Solana added more than five million new addresses in May 2023, the highest number since October 2022.Source: The BlockCryptocurrency analysts use the number of new addresses to measure the adoption rate of any blockchain product. In most cases, as the number of new addresses increases, the value of a cryptocurrency and other growth indicators follow suit. Solana’s situation is unique this time around.While the number of addresses climbed on Solana, the altcoin’s price declined. So far, SOL’s price has dropped by 13% since the beginning of May 2023. The price started the month at $21.66, but as of the time of writing, it had dropped to $19.77.At the current price, SOL is hovering around crucial support, which has held on for the past three weeks. Breaking through this support could see SOL’s price drop lower to $18.76. If that price breaks below that level, we could see SOL drop even lower toward $16.01, a support level it established on March 10, 2023.Solana has faced a few challenges blamed for its abysmal performance. Some of the blockchain’s drawbacks result from the outages and challenges validators face. However, developers are working toward resolving the issues that have recently plagued the blockchain. They have taken a step by sharing an update for mainnet beta validators, requesting them to upgrade to the newly released Mainnet-v1.14.17 version.The post SOL’s On-chain Activity Fails to Match New Addresses Metrics appeared first on Coin Edition.See original on CoinEdition More
The crypto portfolio tracker Accointing by Glassnode shared a series of Twitter threads clarifying the misconceptions about MetaMask’s tax clause. Countering the rumors about MetaMask’s tax clause that stated the platform has the “right to withhold taxes where required,” Accointing pointed out that the clause is applicable only “to users who purchase products or services from MetaMask.”Previously, ConsenSys, the developer of the software cryptocurrency wallet MetaMask recently released the Terms of Services, in which the company has incorporated the tax clause, stating: “Each party will be responsible, as required under applicable law, for identifying and paying all taxes and other governmental fees and charges… All fees payable by you are exclusive taxes unless otherwise noted. We reserve the right to withhold taxes where required.”The crypto community, alarmed by the inconveniences of the tax clause, raised questions about the new schemes that contradicted the decentralization of the crypto industry. For instance, Anton Bukov, the co-founder of 1inch Network, sought explanations for the same.On May 21, Accointing came forward with facts, elucidating that the tax clause would not be applicable to anyone who does not “purchase any products or services from MetaMask”:The data tracker requested the readers to “stop spreading misinformation,” further explaining that the taxes mentioned in the tax clause do not refer to the capital gains tax, “but the taxes due on any sales of services” between the client and the wallet “which is normally paid by the service that collects the tax”.The post Crypto Tracker Clarifies Misconceptions about MetaMask’s Tax Clause appeared first on Coin Edition.See original on CoinEdition More
