Identifying and Avoiding a Crypto Bull Trap: A Beginner’s Guide
A bull trap occurs when a trader purchases an asset in the expectation that its price will rise further only to witness a sharp decline after it reaches a new high. Bull traps happen when the market is unsure or when untrue information about a specific asset is being spread. It’s dubbed a bull “trap” […]
Should you sell your assets in a bear market?
Being in a bear market is difficult. It can be challenging to know what to do next, whether you’re new to investing or have been buying stocks for a while. And you might be considering your options, such as whether to increase your stock purchases, reduce your stock holdings, or just wait. Although it’s unlikely […]
What is Initial Metaverse Offering (IMO). All you need to know
As a result of consistently enabling companies to expand in the virtual world, Metaverse has recently experienced a boom in popularity. Given that the market is anticipated to be valued $478.7, expansion is likely. In addition to the statistics mentioned above, the market will continue to grow strongly in the years to come. Its value […]
What Happens if You Don’t Report Cryptocurrency on Taxes?
It is obvious that the IRS is actively tackling cryptocurrency tax avoidance. A John Doe Summons was recently sent to Kraken by the government, requesting that it locate any taxpayers who had engaged in a specified level of cryptocurrency activity. If you don’t file your taxes, you could get into a lot of trouble. Because […]
Does PayPal report cryptocurrency to the IRS?
The Internal Revenue Service has mandated that all payment systems operating in the United States (including PayPal) provide the IRS with information about customers who make payments using their platform. For tax reasons, the IRS considers cryptocurrency holdings to be “property,” which means your virtual currency is taxed in the same way as any other […]
National Bank of Ukraine Places a Temporary Ban on Cross-Border Crypto Purchases With Hryvnia
The National Bank of Ukraine (NBU) has released a notice to introduce certain restrictions on cross-border transactions by private individuals. This measure aims to curb the “unproductive outflow of capital from the country under martial law,” the regulator stated. Following this directive, Ukrainians will be able to buy assets that can be directly converted to […]
Governor urges Russian central bank to ease up digital asset projects
Elvira Nabiullina, governor of the Bank of Russia, has urged Russia’s central bank to ease up digital asset projects, admitting that the RCB might have taken a bit too tough on digital assets. Russian Bank Chief highlights digital assets policy Nabiullina, who was reappointed as Governor of the Bank of Russia for the third time, […]
Venezuela – How Does the Petro Crypto Work?
Cryptocurrency has spread its wings broad enough to influence online traders, businesses, and even countries. As a result, global financial institutions are creating new ways to improve the economic systems by encouraging cashless policy. Currently, some countries have taken measures to develop digital currencies to achieve this goal. Digital currencies like crypto do not replace […]
Federal Government to Partner With UKNIAF To Reform Power Infrastructure
The federal government of Nigeria is discussing with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF) about a possible partnership to transform critical power infrastructure and projects. The Federal government plans to request for technical support from the facility, to focus on the power sector policy reforms, DisCo audits, grid efficiency, Tariff reforms, and reliable […]
Nigerian Government pays Discos $14.35 for Electricity Meters
The Federal Government of Nigeria has released the sum of N14.35 billion to DisCos via the Central Bank of Nigeria for the acquisition of 263,860 meters under the National Mass Metering Programme (NMMP). The National Mass Metering Programme (NMMP) was initiated by the Federal Government in order to put an end to the estimated billing […]