Canada is aiming to have the OECD standard for crypto asset tax reporting in place by 2027, as agreed with 46 other countries. According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026. The country is getting an early start on the…
Read more
Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it’s time to go long. On April 18, Bitcoin futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded…
Read more
Key Points: Binance will return to India, pay a $2 million fine, and comply with regulations. Previous non-compliance led to a ban, impacting the Indian crypto market. The re-entry of Binance in India is expected to shake up Indian market dynamics amid the crypto boom. Binance, a major cryptocurrency exchange, is gearing up to re-enter…
Read more
Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data. Gold proponent Peter Schiff has questioned market pundits who have set a Bitcoin price target of $100,000 in the current bull run. Schiff also took a dig at spot Bitcoin exchange-traded funds (ETFs) and the demand…
Read more
BTC price continues its tests of bid liquidity after the latest Wall Street open, but confidence over the Bitcoin bull market remains. Bitcoin is “looking solid” long term but further BTC price dips are on the radar, fresh analysis says. In a thread on X (formerly Twitter) on April 17, popular trader and commentator Mikybull Crypto described the…
Read more
Excitement around the upcoming Bitcoin halving has seen a continued increase in searches for the term on Google. The level of interest in the ‘Bitcoin halving’ on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020. Search interest…
Read more
The firm’s CEO, Eowyn Chen, shared a screenshot of the supposed “high-risk” exploit being sold on the dark web for a whopping $2 million. Crypto wallet provider Trust Wallet is urging Apple users to disable iMessage, citing “credible intel” of a zero-day exploit that could allow hackers to take control of users’ phones. “Alert for…
Read more
ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level. Ether price plummeted by 21% between April 9 and April 14, hitting a 50-day low. Although it has recouped some of its losses, Ether continues to show signs of weakness following a failed attempt to breach the $3,200…
Read more
Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin exchange-traded funds (ETFs) having days of zero inflows is completely normal and shouldn’t be misinterpreted as a failure of the products themselves, says Bloomberg ETF analyst James Seyffart. On most days, the…
Read more
Open interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days. Solana open interest (OI) and its price have declined in the past 24 hours, mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.”…
Read more
