April 2022 / 132 posts found
Bitcoin Price Analysis: These are the Levels to Watch if BTC Breaks Below $40K
Cryptocurrency Over the past week, the price of bitcoin has been plummeting with strong bearish momentum, resulting in a break below the 50-day and 100-day moving averages lines on the daily timeframe, indicating that the bears are presently in control of the market. Cryptocurrency Long-Term: The Daily Chart Technical analysis by Shayan However, the recent price action suggests that the negative momentum had weakened. The price experienced a short-term bullish leg towards $41.6K, which got rejected. But this can be considered as a pullback to the $41-42K resistance level. In the bigger picture, the $37K demand zone remains the next […]
Kazakhstan to Introduce New Tax Regime for Bitcoin Miners
The government of Kazakhstan is currently working on increasing the taxes on cryptocurrency mining, while expressing its intent to tie the new rate to the value of the minted cryptocurrency. In a recently issued statement by the Minister of National Economy, Alibek Kuantyrov, implementing this mechanism will help increase the country’s budget receipts. “We are considering increasing the tax burden for miners, at the moment we are also considering linking the tax rate for miners to the value of the cryptocurrency. If the cryptocurrency grows, it will be good for the budget,” Kuantyrov said. If the government moves ahead with […]
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