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Price analysis 9/13: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The United States equity markets witnessed profit-booking and the S&P 500 dropped by 1.69% last week, suggesting the development of a risk-off sentiment. Charles Edwards, CEO of investment manager Capriole, pointed out that “almost every Bitcoin correction in 2021” has corresponded with a 2% or more drop in the S&P 500. Daily cryptocurrency market performance. Source: Coin360 Irrespective of the near-term weakness in Bitcoin, MicroStrategy has continued to build its holdings. The company’s CEO Michael Saylor recently revealed a purchase of 5,050 Bitcoin bought at an average pr...
Gala Games (GALA) rallies 265% shortly after Binance listing announcement
Nonfungible tokens (NFTs) and play-to-earn gaming are two of the hottest trends in the crypto sector because each presents new avenues for attracting users and the unique character of each niche allows participants to generate wealth rather than having to spend money to become a part of the community. Gala Games, a blockchain-gaming-focused project that allows users to use their unique NFT characters in gameplay, saw its GALA token etch out significant gains after Binance announced plans to list the GALA token. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.021 on Sept. 12, the price of GALA catapulted 270% to an intraday high at $0.077 on Sept. 13 as its 24-hour trading volume skyrocketed. GALA/USDT 4-hour chart. Source: TradingView The sudden bur...
SEC chair doubles down, tells crypto firms ‘come in and talk to us’
Gary Gensler, chair of the United States Securities and Exchange Commission, is once again urging crypto projects with securities to register with the regulatory body to ensure thinvestors are protected. In a prepared statement for his testimony at the Senate Committee on Banking, Housing, and Urban Affairs scheduled for Sept. 14, Gensler said the Securities and Exchange Commission, or SEC, was working with the Commodities Futures Trading Commission for investor protection in crypto markets. In addition, he hopes to develop a policy framework by working with the Federal Reserve, Department of Treasury, Office of the Comptroller of the Currency, and President Joe Biden’s Working Group on Financial Markets. “I’ve suggested that [crypto] platforms and projects come in and talk to us,” said th...
India’s Income Tax Department may soon target crypto trades and ecosystem
As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax crypto earnings through trade and exchanges. However, the sources claim that the move will not entitle cryptocurrencies to a valid asset class position. Speaking to Cointelegraph, Indian entrepreneur Nischal Shetty, CEO of WazirX crypto exchange, said that getting clarity on crypto-related Goods and Services Tax (GST) will help in identifying the asset class of cryptocurrencies: “It’s a no-brainer that your crypto earnings are taxable like other income and should be declared in the Income Tax Returns. As of now...
MicroStrategy doles out $240M on additional Bitcoin purchase
Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing with the United States Securities and Exchange Commission published on Monday, MicroStrategy stated that it had added 8,957 BTC to its corporate Bitcoin treasury in Q3 2021. As previously reported by Cointelegraph, MicroStrategy recently bought 3,907 BTC at the cost of about $177 million between July 1 and Aug. 23. Following the latest Bitcoin acquisition, the company now holds about 114,042 BTC acquired at an aggregate purchase cost of $3.16 billion. Given the current BTC spot price, t...
BREAKING: Coinbase plans to raise $1.5B via debt offering
Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Sept. 13. The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate purposes as well as potential investments and acquisitions of other companies, products or technology, Coinbase said. The closing of the offering is subject to market and other conditions, the firm noted. The new raise specifically aims to offer a $1.5 billion aggregate principal amount of the company’s senior notes due 2028 and 2031, which will be fully guaranteed by Coinbase, Inc., a wholly-owned Coinbase subsidiary acting as its holding company. The interest rate, redemption provision...
El Salvador’s Bitcoin day: The first of many or a one-off?
On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender. The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take quite some time to reify and be fully understood. Yet, what is already clear is that September 2021 will be up there next to January 2009 in the history books of the digitization of finance. Surrounded by controversy, protests, bumpy infrastructure rollout — how else? — but also joy and optimism of millions globally who look at this great experiment with hope, the Bitcoin Day marked the first instance of a sovereign state making a decentralized digital asset its national currency. Was it a success, after all? Politics in the backg...
‘We will have a really long, long memory’: Greens calling businesses’ bluff on climate change
Environmentalists and their supporters in Congress have a message for those companies: Pick a side. With much of the country still recovering from the death and wreckage of Hurricane Ida and after a summer of heat waves and wildfires across the globe, they are promising that businesses will face lasting repercussions to their reputations if they waffle on what could be their best opportunity to take on climate change. “It’s a really hard test for corporations: Was it all bullshit?” said Lori Lodes, executive director of Climate Power, a group whose leaders include veterans of Hillary Clinton’s and Elizabeth Warren’s presidential campaigns. “There’s one train and you’re either getting on it or we will have a really long, long memory.” Activist groups have also warned privately that companie...
Ed Sheeran’s ‘Shivers’ on Course for No. 1 Debut In U.K.
Ed Sheeran looks set to extend his reign over the U.K. singles chart, only he might do it with a new number. Sheeran’s latest “Shivers” gets away to a fast start to lead the First Look chart, which ranks releases based on the weekend’s sales and streaming activity. “Shivers” debuts at No. 1 and opens up a lead of 10,000 chart sales over the No. 2 track, Sheeran’s “Bad Habits,” which has logged 11 consecutive weeks at No. 1. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Girls Aloud Sales Spike In U.K. As Fans Remember Sarah Harding
Streams of the group’s 2004 chart-leading cover “I’ll Stand By You” soared by 1,068%, and the 2009 leader “The Promise” saw week-on-week gains of 340%. Also, the outfit’s signature song, the No. 1 debut “Sound of the Underground” had 295,000 plays, well up on the 100,000 streams of a typical week, while Girls Aloud’s 2007 hit “Call The Shots” saw an increase in downloads and streams of 333%. Harding’s solo single “Wear It Like A Crown,” which she released in March to raise funds for The Christie NHS Foundation, where she received treatment, has seen streams lift by 7,500%. Harding passed away Sept. 5 after a battle with breast cancer. She was 39. The group left an indelible mark on the pop scene and on the U.K. charts, where they snagged four Official Chart U.K. No. 1s singles and 21...
Dolly Parton, Robert Lopez & More Music Makers Win 2021 Creative Arts Emmy Awards
The Creative Arts Emmys are the lead-up to the 73rd annual Emmy Awards, which will be presented on Sept. 19. Several other notable music names or programs also won Creative Arts Emmys this year. Take a look: Choreographer Debbie Allen won two Emmys for her work on the Parton project – one as an executive producer and the other for for outstanding choreography for scripted programming. Allen is also set to receive the governor’s award from the Academy of Television Arts & Sciences on Sept. 19. These three Emmys in one year equal the number of Emmys Allen had received in her entire career prior to this year. She won two Emmys for her work on the series Fame in 1982-83 and one on the 1991 special, Motown 30: What’s Going On! Composer Steven Price won his first E...
Indians encouraged to gift Bitcoin instead of gold this festive season
“Crypto gifting is a part of our product roadmap,” says WazirX VP of Marketing Inculcating Bitcoin gifting during the festival season is expected to improve crypto awareness Local crypto exchanges in the world’s second-most populous country India are luring retail traders and private individuals to buy Bitcoin with aggressive marketing campaigns and free crypto giveaways in order to create awareness around the utility of digital assets. The crypto industry is looking to use the country’s rich cultural history to make inroads into public consciousness by encouraging citizens to gift Bitcoin to friends and family instead of the traditionally accepted gold during the Hindu holiday season, Economic Times reported. Unocoin co-founder Sathvik Vishwanath explained the strategy by stating t...
