In the last 24 hours, crypto futures worth over $812 million were liquidated as bitcoin broke its $46,000 support level and fell to $43,000, according to data from analytics tool Coinglass. Bitcoin fell to as low as $42,500 in Asian trading hours on Thursday morning after trading above $47,000 on Wednesday. Traders took on $317 […]
Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
Taxpayers in Thailand who profit from cryptocurrencies will be subject to a 15% capital gains tax this year, according to the Bangkok Post. Exchanges will be exempt, but not retail investors or mining operators, according to the newspaper, which cited an unidentified person at the Finance Ministry. The Revenue Department plans to strengthen its surveillance […]
Singapore Tycoons’ Sons Plan Private NFT Club That Will Become an ARC to the Metaverse: Report
A son of a Singapore financier and a son of the family that started Mewah International Inc., an edible oils company, have founded ARC, a private, NFT-based social networking app that will be open to anyone who owns their non-fungible token, Bloomberg News reported on Thursday. They plan to eventually create an “ARC metaverse,” a […]
Shares of Crypto Miner Riot Blockchain Jump 7% After Cantor Starts Coverage
Shares of crypto mining firm Riot Blockchain (RIOT) surged on Tuesday, closing over 7% higher, after broker Cantor Fitzgerald initiated coverage with an “overweight” rating and a price target of $45. However, shares tumbled 12% on Wednesday as the price of bitcoin fell several percent. Cantor sees Riot as one of the best ways for […]
Crypto News Roundup for Jan. 5, 2022
This episode is sponsored by Kava. Today’s Stories: Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises Tech shares fall as investors look past Omicron disruptions | Financial Times Bitcoin May Squeeze Higher As Retail Interest Subsides : Analyst Chainlink Jumps While Bitcoin Stages Recovery Bitcoin Holds Support Ahead of Fed Minutes, […]
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