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India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report
14.5.2021
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. RBI Asking Banks...
Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34
23.4.2021
A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021....
Obsessed Amateur Crypto Traders Are 'Disproportionately Liquidated'
20.4.2021
Inexperienced and small crypto derivatives traders are outperformed by more savvy players and their positions are "disproportionately liquidated," according to a recent study by researchers from the Carnegie Mellon University CyLab.
They analyzed publicly available trading data from...
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
South Korean crypto traders are pivoting to ‘smaller cap’ altcoins
13.4.2021
Bitcoin trading activity in South Korea has reportedly dipped amid rising interest in smaller altcoins
US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
4.4.2021
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years...
IRS authorized to access information on Circle's crypto traders to nab tax cheats
2.4.2021
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020
Have Crypto Traders Learned? "Only" USD 600M Liquidated In One Hour
31.3.2021
Another wave of liquidations hit the crypto market on the last day of the first quarter of 2021, possibly clearing the way for a further bitcoin (BTC) rally in April.
More than USD 600m in cryptoasset trading positions was liquidated in one hour today (08:34 UTC), bringing total liquidations...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
9.3.2021
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018...
Indian banks put crypto traders' accounts under the microscope
24.2.2021
HSBC, HDFC and Citi are now requiring crypto traders in India to provide information about their activities or risk losing their funds
Overleveraged Crypto Traders Just Lost Another USD 1B, Binance Leads Again
22.2.2021
Over USD 1bn in long trading positions has been liquidated in the past 24 hours as overly optimistic traders seem not willing to learn after they lost almost USD 2bn just a week ago.
Almost USD 600m of those positions were in bitcoin (BTC). In the past hour alone (10:39 UTC), almost USD 400m have...
Crypto Traders Might Find Familiar Playbook In GameStop Hearing Today
18.2.2021
The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto...
USD 1.9B Liquidated As Overexuberant Crypto Traders Get Overleveraged
15.2.2021
Around USD 1.9bn in 281,000 trading positions have been liquidated in a day as the market corrected sharply, per bybt.com data. Around 90% of the liquidations were of long positions, suggesting that overly optimistic traders were using margin trading to open large positions in the hope of bitcoin...
Russia Looks to ‘Tighten Control’ over Crypto Traders with New Tax Measures
9.2.2021
Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions.
Per media outlet RIA Novosti, industry sources have claimed...
South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
4.2.2021
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine...
Blockchain Bites: ‘Crowded’ Crypto Traders, Ether All-Time High, the Bitcoin Battery Proposal
19.1.2021
Bitcoin's environmental impact has become top focus for some critics as traders go "long BTC" and Dunamu reveals a “fear and greed” index
Crypto Traders Smell Institutional-Grade Bitcoin Price Manipulation
11.1.2021
Source: iStock/Spencer_Whalen
After welcoming a flock of major institutional investors into the Bitcoin (BTC) world in 2020, the cryptoverse is now debating that the crypto market has entered another level of manipulation also.
"Bitcoin's parabolic rise is unsustainable in the near term....
Unicas by Cashaa Partners with Bitbns to Provide Banking Services to Indian Crypto Traders
7.1.2021
Unicas, a crypto bank by Cashaa, has entered into a joint venture with Bitbns, an Indian cryptocurrency exchange. This partnership aims to provide Indian crypto traders with more advanced banking services and facilities through Unicas’ help. With this partnership, Indian crypto traders using Bitbns...
Why bots can be crucial for crypto traders in the futures markets
16.12.2020
With Bitcoin futures continuing to surge in popularity, trading bots can help users keep on top of the markets 24 hours a day, seven days a week