Ethereum traders expect volatility ahead of Friday’s $820M options expiry

[ad_1] Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential.It is unclear why $140 million of the neutral-to-bullish call options were placed between $3,800

This indicator flashed bullish prior to Voyager’s (VGX) 200% rally

[ad_1] VGX is the native token of Voyager, a cryptocurrency broker, and the asset is designed to generate staking rewards for its holders as well as boost their yield earnings on other digital assets. Over the last 30 days, the asset delivered even more value as it has more than doubled its price against the United States dollar and gained 46% over the resurging Bitcoin (BTC). What caused the coin’s price

Traders pile into altcoins after Bitcoin price bounces at a key support

[ad_1] The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level.  Despite the swift turnaround, analysts are still wary and well-known financial analyst John Bollinger warned investors that it might be a good time to secure some profit. Several altcoins have managed to overcome

Let’s be clear: Blockchain technology is infrastructure

[ad_1] In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on blockchain, especially those dedicated to its value beyond cryptocurrency trading. Though unsuccessful in their bid to amend the language, many are claiming victory

Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K

[ad_1] Bitcoin (BTC) prices have recovered by more than 60% to $47,486 after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field of financial analysis, investors should refrain from buying the benchmark cryptocurrency at current prices.Bollinger advised in his Tuesday tweet that investors could secure their Bitcoin profits or build a hedge position elsewhere to

NFT innovator HODL Assets acquires blockchain social commerce firm CoinLinked

[ad_1] HODL Assets, a nonfungible token (NFT) aggregator platform, has announced the acquisition of blockchain-based social network and commerce platform CoinLinked.According to a release issued on Wednesday, Wall Street veteran and CoinLinked founder Jenny Q. Ta will also join the HODL Assets team as chief operating officer.The CoinLinked acquisition is part of a broader plan by HODL Assets to upscale its presence in the nonfungible token space with the launch

Bitcoin loses $48K as analysts eye next zones for a potential BTC price bounce

[ad_1] Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOld resistance provides a backdrop for BTC price rethinkData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing around 2% overnight Wednesday.A rejection after an attempt to reclaim $51,000 — the top of a key long-term resistance zone — saw Bitcoin pause for thought, beginning

Philippine regulator tells Axie Infinity players they must pay tax on income from game

[ad_1] Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games.An August 23 report from Inquirer cites Philippine Finance Undersecretary Antonette Tionko as clarifying that any profits gleaned through play-to-earn games are subject to income tax. “Cryptocurrency is an asset, so it’s already taxable in