Connect with us

Crypto

Bitcoin slips amid global uncertainty

Published

on

One major cryptocurrency has slipped again, sending shockwaves through the sector

Bitcoin dropped 1.54%, slipping from the 20,000 mark after losing $310 from its previous close.

The world’s best-known cryptocurrency, Bitcoin, is down 59% from the year’s high of $48,234.

Meanwhile, Ether dropped 3.2 %, losing $47 from its previous close. It comes amid widespread concern for the sector following trouble on the global economy.

Uncertainty in the broader financial sector is fuelling a negative flow on effect in the crypto market.

Business

This move is set to boost Australia’s crypto gains

Published

on

Coinbase is coming down under, in a major boost for the country’s crypto gains

The crypto platform is calling the country “a priority market”.

It will add its local payments platform so Australians can transfer dollars into their Coinbase account.

There will also be advanced trading tools and better pricing.

Users will also receive 24 hour support, where they can ask all about their accounts and concerns.

The exchange is registered with a local regulator to provide its digital currency exchange services.

Continue Reading

Business

Europe cracks down on crypto tax

Published

on

In a major development, the European Parliament has voted in favour of a coordinated and fair tax system for crypto-currencies

Around 80 per cent of lawmakers voted to start using blockchain tech to create a more robust way of stopping tax evasion

Only seven voted against the resolution, with 47 absent for the vote.

Europe has had crypto reform high on its agenda.

Lawmakers want crypto-users to be subjected to a fair and transparent taxing system.

Continue Reading

Business

Government-backed crypto could threaten the U.S. economy, report finds

Published

on

Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD