THE DAILY ENCRYPT

[date-today format='F j, Y']

Uncategorized

Why Fantom Fell 22% Following Key Personnel Exit

Fantom (FTM) price decreased 22% by reaching $1.32 per coin after key personnel associated with its project announced that they were leaving. Fantom is in deep trouble following the departure of two high-profile employees, Anton Nell, a senior solutions architect, and Andre Cronje, a prolific developer, without providing any clues about why they left. Related …

Why Fantom Fell 22% Following Key Personnel Exit Read More »

Polygon’s QuickSwap Considers Token Split, Why It Could Be Bullish For QUICK

On a positive trajectory over the last 24 hours and moving along with the general sentiment in the market, Polygon decentralize exchange (DEX) QuickSwap could boost its fundamentals. According to a recent announcement, the project could split its native governance token QUICK. Related Reading | Polygon Token Price Analysis – New All-Time High This Week …

Polygon’s QuickSwap Considers Token Split, Why It Could Be Bullish For QUICK Read More »

Bitcoin Slips Back To 38k, Further Downside Incoming?

Bitcoin slide to $37,000 on March 7 sparked some purchasing interest, resulting in a price bounce to $39,000 on March 8. Surprisingly, the upward sloping trendline that served as an accumulation zone for traders in 2022 was the origin of the upside retracement move. Price Fall Signals Retracement Bitcoin price established another lower high on …

Bitcoin Slips Back To 38k, Further Downside Incoming? Read More »

Russian Crypto Market Continues To Boom Despite The U.S. Sanctions

According to a report from Bloomberg, sanctions against Russia haven’t dampened the enthusiasm of cryptocurrency investors. Bitcoin trading volume in Russian native currency, Ruble, has broken its all-time highs this year on Saturday, per the blockchain research firm, Kaiko. Related Reading | Bitcoin Sets New Record Against Russian Ruble, Is A Currency Collapse Coming? Although

Thailand Gives Tax Break For Digital Assets

Thailand’s government announced Tuesday that trade in digital assets is free from value-added tax, as part of a plan to upgrade the country’s payments infrastructure. Thailand’s Government Gives Tax Breaks Finance Minister Arkhom Termpittayapaisith told a press conference that the rules will allow traders to credit annual losses against gains for taxes due on cryptocurrency

Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend

On-chain data shows the percentage of Bitcoin supply on exchanges seems to have plateaued over the past few months, ending an overall downtrend that lasted about two years. Bitcoin Exchange Reserve Starts Moving Sideways As Inflow And Outflows Attain Equilibrium As per the latest weekly report from Glassnode, the percentage of the total BTC supply …

Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend Read More »