BITCOIN

PRESS RELEASE. In this industry, it is crucial to establish key strategic partnerships in order to ensure both longevity and prosperity. As such, LABEL Foundation has officially announced a partnership with Polygon Studios, with the further intention to chase their multichain goal and launch their Dapp additionally on Polygon Network, along with Binance Smart Chain and Ethereum Network. What is Polygon? Polygon is a Layer-2 scaling solution which works in tandem with the Ethereum blockchain to make transactions quicker and less expensive. Polygon is a PoS (Proof-of-Stake), Ethereum Virtual Machine (EVM) compliant, secure, Layer-2 solution for dApps (decentralized applications) that offers rapid transactions and minimal costs. Polygon Studios is Polygon’s gaming and NFT division, dedicated to doing its part in terms of building the worldwide blockchain-based gaming and NFT space as well as bridging the gap between Web 2.0 and Web 3.0 gaming via investment, marketing, and develope

Only 5.3% of Spanish crypto investors have received a warning to declare income taxes, according to a report in local media. If accurate, this would mean that only 233,000 investors, a minuscule portion of the estimated 4.4 million Spanish citizens that have delved into the crypto world with investment ideas in mind, were contacted by the tax agency. Spanish Tax Agency Falls Flat on Crypto Vigilance Only a small portion of cryptocurrency investors and users in Spain have been contacted by the national tax agency in regards to their crypto operations from last year. The organization managed to send warnings to only 5.3% of the estimated number of Spanish citizens that have invested or made transactions with cryptocurrency, according to a report from local media. This means that only 233,000 investors of 4.4 million have been warned about their duty of declaring cryptocurrencies using the income tax and holdings models. While this fails to include a significant part of the total of

Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance. Ethereum started a major recovery wave above $2,900 and $2,950. The price is now trading above $2,950 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,980 support to accelerate further higher above $3,035. Ethereum Price Dives Ethereum extended decline below the $2,850 support zone. However, ETH found a strong buying interest near the $2,800 level. A low was formed near $2,800 and the price started a strong upward move. There was a clear move above the $2,880 and $2,920 resistance levels. Ether price climbed above the 50% Fib retracement level of the key decline from the $3,179 swing high to $2,800 low. Besides, there was a break above a key bearish trend line with resistance

Bitcoin extended decline and tested the $38,200 zone against the US Dollar. BTC started a major recovery wave and climbed above the $40,000 resistance. Bitcoin extended decline, but it remained stable above the $38,000 level. The price is now back above below $40,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $39,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing more upsides above the $40,500 and $40,950 resistance levels. Bitcoin Price Recovers Sharply Bitcoin price remained in a bearish zone after it broke the $39,200 support. BTC extended decline below the $38,500 level, but the bulls were active near the $38,200 level. A low was formed near $38,200 and the price started a major increase. The price climbed higher above the $39,200 and $39,500 resistance levels. There was a move above the 23.6% Fib retracement level of the key decline from the $42,950 swing high to $38