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Fundamental Development:- Three months after being elected into power, the Australian Labor Party (ALP) has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and...

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Fundamental Development:- Ontario crypto exchanges impose $30K annual limit on altcoin buys Canada-based crypto exchanges Bitbuy and Newton are enforcing a 30,000 Canadian dollars annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations.Newton, a Toronto-based crypto exchange...

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Fundamental Development:- Everyone knows how to invest in crypto. It’s simple. You can buy a crypto fund like BITO or GBTC. Or you can buy crypto on sites like PayPal (NASDAQ:PYPL), Square, Cashapp, and Robinhood (NASDAQ:HOOD). Or you can get yourself a wallet and buy assets on crypto exchanges.When we say “how to invest,” this isn’t what we’re talking about....

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Fundamental Development:- Expansion of short-term BTC holders suggests 'final flush' of sellers A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15...

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Fundamental Development:- Cryptoverse: Blockchain bridges fall into troubled waters Another day, another hack - and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain "bridges" - strings of...

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Fundamental Development:- What will cryptocurrency market look like in 2027? Here are 5 predictions The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that's a line from the 2011 video game, Deus Ex.)Long-term predictions are notoriously...

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Fundamental Development:- Solana-hacked crypto could be claimed as a tax loss: Experts or unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph. Following the news that more than...

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Fundamental Development:- Billionaire Steve Cohen Withdraws Support For Crypto Startup Radkl Steve Cohen, the famous billionaire and owner of American multi-strategy hedge fund Point72 Asset Management, has reportedly lost confidence in Radkl, and has thus rescinded his investment in the crypto startup.According to reports, one-year-old Radkl has lost two...

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Fundamental Development:- Tether supply starts to increase after three-month decline The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering. The first mint in almost three months occurred on July 29, and there have been three...

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Fundamental Development:- Crypto Biz: Elon Musk: The ultimate crypto tourist Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his...

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Fundamental Development:- Bitcoin rallies after Fed interest rate hike, but bears can still win Friday’s $1.76B options expiry (BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding to this bearish price action, BTC is down 50% year-to-date, while U.S. listed tech...

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Fundamental Development:- Shiba Inu (SHIB) Falls by 7% as Bitcoin Drops Back Below $22KShiba Inu’s (SHIB) price has fallen by more than 7% over the last 24 hours as Bitcoin (BTC) has once again dropped below $22K.Other altcoins like Ethereum (ETH) and Cardano (ADA) are also feeling the heat as they both fell by almost 5% over the last day, according to...

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Fundamental Development:- Bitcoin, Ethereum, and Ripple: Bulls and Bears Battle for Control Ahead of the US Federal Reserve’s FOMC meeting, Bitcoin, Ethereum, and Ripple prices brace for impact. Bitcoin witnessed an increase in sell-side activity and a retracement in its price after a week of gains. Bitcoin’s price is at a make-or-break point — a decisive move...

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Fundamental Development:- Is Bitcoin Heading Towards $25,000? The unusual rebound of Bitcoin (BTC) over 30% from its June lows makes analysts think that the bear market that has hit the cryptocurrency in recent months could be ending soon.The signs of a further approach towards $25,000 is due to the fact that BTC prices have hit the so-called upper Bollinger...

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Fundamental Development:- Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had...

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Fundamental Development:- Bitcoin (BTC) Recovers, But For How Long? Bitcoin (BTC) regained its price level not seen since the middle of June. The dominant crypto climbed to $24,195 on Wednesday, marking over 5% growth during the past 24 hours and a 20% increase over the past 7 days in total.Various indicators show optimistic crypto market recovery signs, but...

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Fundamental Development:- Crypto newcomers who bought into the leading cryptocurrency by market cap, Bitcoin (BTC), are mainly underwater According to the CEO of Crypto Quant, Ki Young Ju, BTC newcomers that joined in early 2021 are still underwater. He added that they make up 75% of the total realized market cap. The crypto market tracker website,...

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Fundamental Development:- Marathon inks new arrangements to achieve 2023 hash rate target Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.Marathon revealed in a July 18 announcement that data center operator Applied...