Liquidators of Mirror Trading International (MTI) have attacked the claim that declaring the collapsed bitcoin investment platform an unlawful scheme would jeopardize investors’ chances of recovering their funds.
The cryptocurrency tax was the first step taken by the Government of India to bring cryptocurrencies under some form of regulation. However, it seems more is in store, especially taking the statements by the country’s RBI Deputy Governor in context with crypto assets. In one of the most strongly-worded statements, the RBI Deputy Governor labeled cryptocurrencies as Ponzi schemes and asked for a complete ban on cryptocurrencies.
On-chain data analysis from Glassnode shows that Bitcoin investors are hedging out risks in order to stay protected against Federal Reserve interest rate hikes in March.
Canada Prime Minister Justin Trudeau invoked the 1988 Emergencies Act in an attempt to cut off protestors' access to funds, including cryptocurrencies.
Approaching the cryptocurrency industry as a trader requires a unique mindset. Moreover, one has to stomach volatility, time trades correctly, and get used to markets that operate on a 24/7 basis. Nevertheless, algo trading is a powerful trend in the crypto industry, and there are many benefits to exploring this option.
Today, crypto markets are seeing slight bullish momentum as Bitcoin and Ethereum are up 3% and 5%, respectively. Metaverse crypto coins are also doing quite well today, with many seeing significant price gains.
Wizarre, a blockchain-based adventure and battle game leveraging Wizard and other magic-themed NFTs (Non-Fungible Tokens), has recently announced its first public Land NFT sale.
Bitcoin is making headlines and waking up investors around the globe, including Wall Street. Aside from the investors, publicly traded companies are also shifting resources into blockchain, metaverse, NFTs and other cryptocurrency-related technologies.
Viral Canadian rapper Drake made waves last week when he placed over $1.26 million of BTC in bets for Super Bowl LVI, taking to Instagram to show the world his gamble on the Bitcoin casino and sports betting platform, Stake.