Cryptocurrency

Brazil is among Binance’s top global markets, the exchange said in a previous announcement.Continue Reading on Coin Telegraph More

In a recent turn of events, MetaMask, one of the leading crypto wallets, announced a new update to its terms and policies that has stirred up a storm within the crypto community. A tweet by a crypto enthusiast sparked concerns about the implications of MetaMask’s latest policy, suggesting that it may undermine decentralization while also imposing tax obligations on its users.“Metamask new update in terms and policy will withhold your taxes; decentralization is dying,” the tweet read. It quickly grabbed the attention of crypto enthusiasts and industry insiders, leading to a closer examination of MetaMask’s updated terms and policies.According to a screenshot the Twitter user shared, MetaMask is now responsible for identifying and paying taxes and other governmental fees on each party involved in the transactions and payments facilitated through its platform. The crypto influencer had highlighted the part of the new policy which stated that MetaMask “reserves the right to withhold taxes where required.” Many people shared their views regarding the statement.Karnn Bhandarii, a pro-crypto Tedx speaker, argued that MetaMask had included the controversial line to satisfy Apple store and some banking partners. While nothing that a DeFi wallet holder can be anyone, he asked a thought-provoking question: “Which country taxes are they gonna withhold?”Notably, the company did not specify what countries or jurisdictions would be subject to the new policy; nonetheless, it would likely apply to users in countries with capital gains taxes on crypto transactions.The post Crypto Community Reacts to MetaMask Updated Policy on Tax Obligations appeared first on Coin Edition.See original on CoinEdition More

YouTube channel Simply Bitcoin recently posted a video studying MicroStrategy co-founder Michael Saylor’s interview with David Lin discussing Ordinals. According to Saylor, the majority of the members and capital in the crypto ecosystem are migrating to the Bitcoin base layer, claiming that Bitcoin is emerging as the winner.Saylor further adds that when all networks get shut down and users’ crypto security is regulated, Bitcoin will be the last network operating. The YouTube channel host praises the MicroStrategy executive on his “level-headed” stand.Moreover, the YouTuber acknowledges Saylor’s opinion that no external powerful forces including “The government of China or the Government of United States,” Bitcoin cannot be stopped. According to Simply Bitcoin, even if a major actor were to purchase billions of dollars worth of A6 LTC Master, a crypto-mining equipment, and “attack the system,” they’d end up making the network even stronger.Additionally, Saylor highlights that there are certain documents worth even more than money like a will or someone’s name associated with a business. These documents can be encrypted and inscribed on Bitcoin, according to Saylor, to prevent being tampered with by other parties such as law firms, nation states, or even corporations.Simply Bitcoin hosts conclude the video by citing nearly 20k to 30k tokens and coins that have attempted to improve Bitcoin. However, most of them failed and cease to exist now. Meanwhile, Saylor’s recent remarks about Ordinals being a “catalyst” for Bitcoin adoption, as mentioned on the PBD Podcast, align with his current stance. Nevertheless, he acknowledges that Ordinals have also been utilized for frivolous purposes.The post Michael Saylor: BTC’s Low-Risk Network Resilient Amidst Regulations appeared first on Coin Edition.See original on CoinEdition More

The trader and analyst EGRAG CRYPTO shared what he believes needs to happen on Ripple’s (XRP) charts before it can rally in a tweet published earlier today. According to the post, the remittance token’s price first needs to break out above the wedge chart pattern that has formed on its weekly chart. This comes after the level had acted as a strong resistance level over the past few months. Thereafter, he shared that XRP’s price will need to overcome $0.5574, which he labeled as a key support and resistance level on XRP’s weekly chart. Previously, XRP’s price had received support from this level, but had broken below this key price point around May of last year. Weekly chart for XRP/USDT (Source: TradingView)The trader predicted that it would take 3 attempts to break above this benchmark given the fact that it had taken 3 attempts to break below it last year. Should the altcoin’s price successfully flip this level, then EGRAG CRYPTO believes that it will make a move towards $1.1245.At press time, CoinMarketCap indicated that XRP’s price stood at $0.4692 following a 0.89% increase in the past 24 hours. This positive price movement added to the altcoin’s already-positive weekly performance – taking the total gain for the past 7 days to 9.97%.In addition to strengthening against the dollar, XRP also printed gains against the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) over the past 24 hours. As a result, XRP was up 0.35% against BTC and 0.89% against ETH.XRP’s recent price movement elevated its market cap to $24,316,532,279,342 – ranking it as the 6th biggest crypto project in the crypto space. Ranked 1 position above XRP was USD Coin (USDC) with its market cap of $29,553,604,069. Meanwhile, Dogecoin (DOGE) occupied the 8th position with an estimated market cap of $10,264,302,167.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Trader Shares the 2 Levels XRP Needs to Break Before It Can Rally appeared first on Coin Edition.See original on CoinEdition More

Yesterday, the popular crypto trader and analyst, Dan Gambardello, shared some of his targets for the price of Cardano (ADA) in his latest YouTube video. According to Gambardello, ADA has been stuck in a prolonged period of sideways price action, causing frustration among investors.He added that ADA’s chart formed a large red rectangle, symbolizing nine months of consolidation with a narrow price range between $0.44 and $0.30. While the altcoin’s price broke out of this range, it quickly retreated back into it. He did, however, add that this extended period of sideways movement is not uncommon during bear market transitions.Daily chart for ADA/USDT (Source: TradingView)From a technical analysis standpoint, Gambardello pointed out that ADA’s daily chart revealed a recent breakout from a falling wedge pattern. Despite this, the Ethereum-killer’s price was struggling to surpass the 20-day moving average resistance.Gambardello then highlighted the fact that there is a critical support level around $0.35, and a break below this level could lead to further downside towards the $0.33 range. Such a move would represent a significant decline, potentially around 9% to 10% from the current price level.However, Gambardello did not cast aside ADA’s potential for an upside move. If Cardano manages to find support and bounce back, the trader believes that the immediate target would be around $0.44 to $0.45. Zooming out, there is still a larger bullish scenario at play, according to him, with a potential target of $0.70 or higher in the long term.At press time, ADA was trading hands at $0.365 after a 0.06% price decrease over the past 24 hours. ADA’s weekly performance was also in the red and stood at -0.70%.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Trader Shares His Short-Term Price Targets For Cardano (ADA) appeared first on Coin Edition.See original on CoinEdition More

A hacker who stole the Tornado Cash Governance token, TORN, has used the obfuscation protocol to transfer the stolen funds. According to PeckShield, the blockchain security and data analytics company.PeckShield reported the hacker deposited $6,000 TORN to Bitrue, a cryptocurrency exchange based in Singapore and available to users across the globe. The Tornado Cash exploiter swapped about 380,000 TORN for ETH and transferred 372 ETH into Tornado Cash.The Tornado Cash exploit depicts the proverbial situation of using one’s weapon to fight against them. A responder on Twitter who replied to PeckShield’s report likened the development to the US war in Afghanistan that ended with the Taliban returning to power. The responder said,Tornado Cash is an open-source decentralized crypto tumbler that runs on protocols compatible with the Ethereum Virtual Machine (EVM). It works as a coin mixer that leverages smart contracts to facilitate ETH deposits and multiple withdrawals.Tornado Cash suffered a governance attack, with the attackers taking control of the protocol and granting themselves 1.2 million votes through a malicious proposal. As a result, the protocol’s native cryptocurrency, TORN, lost over 35% of its value in less than 24 hours. Binance, one of the world’s largest crypto exchanges, has suspended TORN deposits, citing precautionary measures.However, Huobi and Poloniex, two of the world’s renowned cryptocurrency exchanges, announced that TRON deposits and withdrawals remain active on their platforms. They also claim to be monitoring the situation closely and will not hesitate to adjust their policies as required to ensure customers’ security.The post Hackers Used Adopt Tornado Cash’s Protocol in Platform’s Exploit appeared first on Coin Edition.See original on CoinEdition More

CryptoCon, a technical analyst, tweeted yesterday that it is only a matter of time before Bitcoin (BTC) starts to take off. The post was made after the Pi Cycle Top indicator started to bullishly retest the 111 daily moving average, which the analyst noted as a very important technical flag.At press time, CoinMarketCap indicated that the market leader’s price stood at $27,063.83 after it printed a 0.65% gain over the previous 24 hours. This daily gain had also added to BTC’s weekly gain – taking the total to +0.78%.4-hour chart for BTC/USDT (Source: TradingView)BTC’s price was trading above the 9 EMA and 20 EMA lines on its 4-hour chart at press time. Technical indicators suggested that the market leader’s price may not maintain a position above these 2 EMA lines for the remainder of today’s trading session, however. The RSI line on BTC’s 4-hour chart was bearishly sloped towards oversold territory and the 9 EMA line was on the cusp of crossing bearishly below the 20 EMA line. Should BTC’s price drop below the two previously-mentioned EMA lines, it will drop to the next key support level at $26,587 in the following week.An early confirmation of this bearish thesis being validated will be the RSI line on the 4-hour chart crossing below the RSI SMA line. On the other hand, if BTC is able to close today’s trading session above the 9 EMA and 20 EMA lines on the 4-hour chart, it may look to challenge the $27,300 resistance to flip the level into support in the next 24-48 hours.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Bitcoin (BTC) Is on the Verge of a Bullish Breakout, Says Analyst appeared first on Coin Edition.See original on CoinEdition More

The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita — revealed to CNBC that her husband was earning $3 million annually, which was not reflective of his declared assets.Continue Reading on Coin Telegraph More