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Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency sector is continuously attempting to sell us new products. This election season, a new political group allegedly eager to support all things pro-crypto is emerging: the bitcoin voter. Coinbase, a cryptocurrency trading platform with more than 100 million users worldwide, has launched its own voter registration initiative and is ranking candidates on their friendliness toward crypto issues. The Crypto Council for Innovation, a pro-crypto trade group that represents platforms like Fidelity and Gemini, purportedly published data last Wednesday purporting to indicate that one in seven voters “hold crypto and say that they are ready to vote for pro-crypto candidates.” In an effort to prove their expertise in the cryptocurrency space, a small but rising number of political campaigns have begun accepting bitcoin donations. All of this is done to support the idea that there might one...

India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of Coins Traded on Their Platforms to Tax Authority India’s Central Board of Indirect Taxes and Customs (CBIC) has asked major Indian crypto exchanges to provide details about the cryptocurrencies traded on their platforms, Business Standard reported Friday. A senior official was quoted as saying: We had meetings with crypto exchanges on wide-ranging issues relating to the asset class. We have sought a detailed report on different crypto products being traded and their respective transaction fees and how they are getting calculated. In addition, the CBIC is reportedly evaluating the taxability of crypto transactions to determi...

According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut Downplayed Terra Exposure Following the Collapse More than 1,000 deleted documents from the crypto lender Hodlnaut’s Google workspace have shown discrepancies, according to a judicial report discovered by Bloomberg on Oct. 31. The judicial report confirms the court filings published at the end of August that said Hodlnaut suffered a significant financial shortfall from the Terra collapse. Bloomberg’s Suvashree Ghosh and Sidhartha Shukla explain that the judicial report shows the crypto lender “suffered a near $190 million loss from the wipeout.” The newly discovered deleted documents show Hodlnaut executives allegedly downplayed the exposure to Terra. Hodlnaut also ...

FTX exchange has come a long way since its inception in May 2019. Founded by Sam Bankman-Fried, the exchange provides spot trading for over 250-plus cryptocurrencies and 300 market pairs. Fried has always been a visionary. Fried has eyed the global expansion of his cryptocurrency exchange services for quite a while. FTX has also turned out to be one of the most robust firms that safely rode the “crypto winter” wave. It has also ended up as a last resort for several firms that were financially struggling to survive. In one of the latest announcements, FTX unveils that it is super excited to expand its operations and services in the UAE . JUST IN: 🇦🇪 #FTX is now available in the UAE. — Watcher.Guru (@WatcherGuru) October 31, 2022 FTX to expand its services in the UAE With this new presence, the FTX exchange will provide its services to cryptocurrency enthusiasts in the UAE region. The UAE is trying to establish itself as a crypto hu...

Join Our Telegram channel to stay up to date on breaking news coverage LTC Faces a Resistance – October 31 After a long-striving effort on the part of the LTC/USD market to surge upward in a rallying motion, the crypto currently faces resistance at a near distance above the $55 line. Price is trading around $54.60 at an average percentage rate of 1.35 negative. LTC Faces a Resistance: LTC Trade Key Levels: Resistance levels: $60, $65, $70 Support levels:$50, $45, $40 LTC/USD – Daily Chart The daily chart showcases the LTC/USD market faces resistance around the trend line of the bigger SMA. The 14-day SMA indicator is at $53.84, underneath the $56.83 value line of the 50-day SMA indicator. The bearish trend line drew alongside the bigger SMA to indicate the crypto economy is under a falling force. The Stochastic Oscillators have crossed southbound from a point above the 80 range line to place at 77.45 and 73.15 range values. Will the LTC/USD market soon lose positi...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. One of the most radical changes between the early 2000s and 2022 onwards is how embedded social media has become in the daily lives of people around the world. Currently, 71% of all adults that have access to the internet actively use social media, with the average American spending nearly 3 hours a day across different social media accounts they own. To say that social media is a core part of our lives would still be an understatement, with this form of connection transcending anything else we’ve seen at this scale. While there is a range of drawbacks to social media, the level of connection, as well as the sheer platform that it's given to millions of people around the world, is unbeatable. Yet, as time goes on, more and more people are beginning to focus on the disadvantages of social platforms, with articles comi...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. London, UK, 31st October, 2022, Chainwire Cleverminu, a hybrid meme and Inu token, has shared details of its much-anticipated token sale. The public event has seen 1 trillion CLEVERMINU tokens made available to establish a decentralized economy powered by its users. The token sale began on October 27 at 9:00 UTC, supporting price discovery and distributing CLEVERMINU to a global user base. Part of a decentralized community network, Cleverminu’s native token combines the intricacy of Inu coins with the novelty of meme tokens . This results in a passionate and highly engaged community whose interests are centered around a thriving token-powered economy. Within the Cleverminu ecosystem, users have access to new Features the moment they are shipped. These include forthcoming NFT functionality and new token releases . The...

Ethereum was trading above $1,600 on Monday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as inflation remains at historical highs. Bitcoin also rebounded, hovering marginally below $21,000 in today’s session. Bitcoin Bitcoin (BTC) remained closer to $21,000 on Monday, as markets rebounded from yesterday’s sell-off. Following Sunday’s low of $20,461.72, BTC/USD surged to an intraday peak of $20,791.67 earlier today. The move sees the token edge closer to Saturday’s high of $21,080, which was the strongest point the token had hit since September 13. BTC/USD – Daily Chart Looking at the chart, Monday’s surge sent BTC close to its long-term price resistance of $20,800, which hasn’t truly been broken since early September. Price strength has also rebounded, with the 14-day relative strength index (RSI) now tracking at 61.47, which is close to it...

Source: FedotovAnatoly/Adobe A top Russian politician has said that a crypto mining regulation bill has been submitted to parliament – and that the bill would also allow Russians to use crypto “as a means of payment” outside the country. Moscow has previously banned the use of crypto pay domestically. In an interview with Radio Sputnik, Anatoly Aksakov, the Chairman of the State Duma’s committee on the financial markets, stated: “We have introduced a bill that allows [people] to engage in legalized mining . That is, the issuance and circulation of cryptocurrencies. But [under the terms of the bill,] cryptocurrencies can only be used as a means of payment outside Russia – in foreign jurisdictions.” Aksakov, who has acted as Moscow’s chief architect of Russian crypto legislation – both past and proposed – added that the bill would be “a step” in a “new direction” for “the developm...

Halloween and October 31 are quite synonymous. As people around the world are busy ‘witching’ around and celebrating the said occasion, the Bitcoin white paper has simultaneously turned fourteen years old. 14 years ago today, Satoshi Nakamoto published the #Bitcoin white paper. pic.twitter.com/eRdrxG6gsy — Watcher.Guru (@WatcherGuru) October 31, 2022 Rewinding On October 31, 2008, the pseudonymous creator of Bitcoin—Satoshi Nakamoto—released the Bitcoin white paper to a cryptography mailing list. The list was hosted by Metzdow and run by a group of cypherpunks. Per records, the Bitcoin white paper was sent via a message titled “Bitcoin P2P e-cash paper,” in which Nakamoto elucidated that the novel digital currency was fully peer-to-peer and required no trusted third party for a transaction to be executed. The paper also chalked out the main properties by shedding light on the prevention of double spending, anonymity, th...

The Ethereum price prediction shows that ETH heads to the upside but the current level could determine where the coin will head next. Ethereum Prediction Statistics Data: Ethereum price now – $1592.80 Ethereum market cap – $194.4 billion Ethereum circulating supply – 122.3 million Ethereum total supply – 122.3 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $2000, $2200, $2400 Support levels: $1300, $1100, $900 At the time of writing, ETH/USD is likely to follow the negative side if the bears step back into the market heavily . The Ethereum price failed to create a new high above the resistance level of $1640 and if there is short-term selling pressure, Ethereum could most likely tackle it and make a comeback at the level mentioned above. Ethereum Price Prediction: Can Ethereum (ETH) Head to the South? According to the daily chart, the Ethereum price experiences a slight drop below the daily high of ...

This week saw 80% of the top 100 cryptocurrencies enjoy a massive bullish market. However, some coins still managed to experience a drop in their value. In the last couple of days, coins like Quant and Klaytn, although they had enjoyed a largely smooth rise through the chart level, suffered some regression, by some 30% even. However, for some coins, like Chain, Maker, and Casper, the downtrend only continued. However, buyers in these coin markets keep trying vehemently to keep the price level up. Casper (CSPR/USD) On the 25th, the CSPR market broke out of the Bush channel within which it was moving. As the SuperTrend indicates, Casper’s price has since continued to decline and has hence lost the support level at $0.04300. However, the Relative Strength Index indicates that the market is at the edge of a bullish phase. Casper (CSPR/USD) Current price: $0.04235 Market capitalization: $446,832,914 Trading volume: $20,528,720 7-day: -7.65% Klaytn (KLAY/USD) The Supe...

While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all -time sales , have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%. Top 5 NFT Markets Cross $40 Billion in All-Time Sales, Opensea Dominates by 79% During the month of October, the top five NFT marketplaces surpassed the $40 billion mark, in terms of all -time sales , with approximately $41.36 billion on Oct. 29, 2022. The largest NFT marketplace in terms of sales was Opensea as it nears the $33 billion range with $32.76 billion recorded on Saturday. Statistics from dappradar.com indicates that the $32.76 billion in sales were executed by $2.34 million traders. On Saturday, Oct. 29, the average price paid for an NFT via Opensea is around $352. Opensea is followed by the Axie Marketplace ...