BITCOIN

Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum formed a base above the $3,120 support zone. ETH started another increase and cleared the $3,250 resistance. There was also a clear move above the $3,350 level and the price settled above the 100 hourly simple moving average. It traded to a new multi-week high at $3,431 and is currently consolidating gains. There was a minor move below the $3,400 level. Ether price declined below the 23.6% Fib retracement level of the recent rise fr

The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house of parliament. Parliament member S. Ramalingam asked the finance minister “whether it is true that some cryptocurrency exchanges were involved in evasion of goods and services tax (GST) and it was also detected that other cryptocurrency exchanges and major investors in digital currencies are under investigation by the government.” In addition, the parliament member asked the finance minister about “the action taken or proposed to be taken by the government against those cryptocurrency exchanges that were detected in GST evasion.” The minister of state in the ministry of finance, Pankaj Chaudhary, repli

Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework. Vietnam Creating Legal Framework for Crypto Vietnamese Deputy Prime Minister Le Minh Khai reportedly notified three ministries last week instructing them to work with the central bank, the State Bank of Vietnam, and other relevant bodies to build a legal framework for cryptocurrencies. The three ministries are Finance, Justice, and Information & Communications. The deputy prime minister has tasked the Ministry of Finance with the prime responsibility of reaching an agreement with other regulatory bodies and the central bank to identify specific pieces of legislation that need to be amended, supplemented, and promulgated as well as recommending a specific time frame for implementation. The legal framework for crypto will be