The Russian State Duma recently passed a bill legalizing Bitcoin mining and allowing the use of cryptocurrencies for international trade. This bill, initially introduced a few years ago, is set to come into effect on September 1st. The legislation received overwhelming support with 404 votes in favor and no votes against or abstentions. The main
Bitstamp, a prominent crypto exchange, has recently started the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a major milestone in the decade-long effort to reimburse those affected by the infamous 2014 hack that ultimately led to the collapse of Mt. Gox. Bitstamp is collaborating with
Despite attempts to break above the $3,500 resistance zone, Ethereum has continuously failed to sustain gains in recent trading sessions. The price is currently hovering below $3,480 and the 100-hourly Simple Moving Average, indicating a lack of bullish momentum in the market. The hourly MACD for ETH/USD is showing a loss of momentum in the
Scott Matherson is a well-known figure in the crypto industry, particularly as a writer for NewsBTC. His ability to simplify complex topics and make them accessible to all readers has made him a valuable asset in the industry. Scott’s experience in banking and investment has allowed him to bring a unique perspective to his writings,
Bitcoin price has faced challenges in the market, struggling to break above the $68,500 resistance zone. This has led to a correction wave, indicating potential further declines below the $65,500 support zone. The price of Bitcoin is currently trading below $66,500 and the 100 hourly Simple Moving Average. A key bullish trend line was broken
Following a significant exploit that resulted in the loss of nearly half its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. In a social media post on July 23, the exchange’s co-founder, Nischal Shetty, shared the development and informed users that the team is working on a solution to help
Recently, the United States House of Representatives unanimously passed the Financial Technology Protection Act, with the aim of combatting illicit activities and terrorism financing through digital platforms. This bill, introduced by Representative Zach Nunn, has significant implications for the regulation of cryptocurrencies and digital assets in the country. One of the key provisions of the
Godspower Owie, a native of Edo State, Nigeria, credits his upbringing to his three siblings who have served as both idols and mentors in his life. His parents, the pillars of his story, have provided unwavering support through both good and bad times, creating a sense of safety and security in his world. The strong
Aayush Jindal has established himself as a luminary in the world of financial markets with over 15 years of experience in Forex and cryptocurrency trading. His expertise in providing technical analysis has made him a trusted advisor and senior market expert to investors globally. From an early age, Aayush demonstrated a natural talent for understanding
Despite multiple attempts to clear the $3,500 resistance zone, Ethereum price is still struggling to make a breakthrough. The current consolidation phase below the $3,550 resistance zone indicates a lack of bullish momentum in the market. The price is currently trading above $3,450 and the 100-hourly Simple Moving Average, but the inability to surpass key