Cryptocurrency
Mastering Crypto Taxes: A U.S. Taxpayer’s In-Depth Guide
Cryptocurrencies have gained increasing acceptance and use across the world. Their decentralized nature and “enclosed” ecosystem initially made it difficult to integrate crypto transactions into the mainstream. Such complications led...
Bitcoin’s Déjà Vu: 2023 Patterns Emerge, What’s Next?
The Bitcoin market is showing striking parallels to patterns observed in late summer and autumn of 2023, according to analyst Miles Deutscher. Retail interest has significantly declined, with YouTube views...
After WazirX Hack, Pi42 Offers ‘Safer’ Crypto Trading in India
In the wake of WazirX’s $230 million security breach, the newly launched Pi42, India’s first crypto perpetuals platform, is leaning on its focus to safety. Co-founded by WazirX’s own Nischal...
Pump.fun’s Token Factory: 10K in 3 Hours, But is it Sustainable?
Pump.fun, a Solana-based token launchpad, has recently captured attention in the crypto community for its impressive revenue achievements and the growing criticism among traders. In the past 24 hours, Pump.fun’s...
Why Bitcoin Prices Slipped on Major Exchanges
Last week’s crypto market sell-off led to substantial price slippage across major exchanges, particularly affecting Bitcoin (BTC) trading pairs. According to a report from Kaiko, the sell-off on August 5...
Deepfake Ads & Crypto Scams: Meta Faces Legal Challenge
A U.S. judge has ruled that Australian billionaire Andrew Forrest’s lawsuit against Meta, Facebook’s parent company, can proceed. The ruling rejected Meta’s attempt to dismiss the case, setting the stage...
Analyst Predicts Crypto Crash if US Recession Hits
Head macro analyst at SwissBlock, Henrik Zeberg, warns the crypto market is in for a rough ride as the United States faces the threat of a recession this year. Zeberg...
El Salvador Secures $1.6B for Bitcoin City Port Transformation
El Salvador has secured a historic $1.6 billion investment from Turkish company Yilport Holdings to transform a key port into the future home of its ambitious Bitcoin City project. This...
South Korea Mandates Insurance for Closed Crypto Exchanges
South Korea’s Financial Supervisory Service (FSS) now requires defunct cryptocurrency exchanges to obtain insurance to safeguard user assets. This measure comes as part of a wider initiative to bolster investor...
Coinbase CLO Pleads for Court Relief in SEC Document Standoff
American-crypto exchange Coinbase is pushing back against the Securities and Exchange Commission (SEC) in their ongoing legal dispute. The company is seeking crucial documents from the SEC through a discovery...
Only 66% of ETH Addresses in Profit: Time to Sell or Hold?
IntoTheBlock, a market intelligence platform, reports that just 66% of Ethereum addresses are currently profitable. This drop has pushed many holders into the red, with profitability levels not seen since...
Key U.S. Economic Data to Watch This Week: Impact on Crypto
The US economy is under the microscope this week, with a slew of key economic data releases to impact not just traditional markets, but the crypto space as well. Market...
CRV Soars 36%: Inflation Reduction and Community Drive Rally
Curve DAO’s native token (CRV) has been making waves after an impressive 36.8% gain in the past seven days. This surge has drawn the attention of investors and analysts alike,...
80% Down, But Not Out: Is XRP Poised for a Monumental Surge?
XRP has faced numerous challenges since its all-time high in January 2018. At the moment, XRP is trading below 80% of its historical value and remains in a rather volatile...
EIP-1559 & Ethereum: Low Fees, Less ETH Burn, Price Impact
Ethereum has seen a decline in gas fees, reaching record lows not seen since mid-2019. This decline reflects a period of reduced network congestion, impacting transaction costs for users across...
IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity
The Internal Revenue Service (IRS) has released an updated draft of Form 1099-DA, a key development for brokers reporting the sale and exchange of digital assets starting in 2025. This...
Santa Monica Goes Big on Bitcoin with New City Office
Santa Monica city council unanimously approved the launch of an official “Bitcoin Office.” The aim is to build upon the city’s interest in exploring Bitcoin’s potential, both as an investment...
Ethereum Price Slides as $870M in Withdrawals Loom
Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at approximately $350 million—set to become available within 12 hours. Additionally, 212,000 ETH, including rewards from validators...
Cboe Withdraws Application for Options on Spot BTC ETF
Cboe, the world’s largest options exchange, has withdrawn application for options on spot Bitcoin exchange-traded funds (ETFs), causing a stir in the crypto asset space as Bloomberg analyst James Seyffart...
CFTC Lawsuit: Alameda’s $12.7B Order and $352K Worldcoin Transfer
Embattled crypto firm Alameda Research has transferred 205,387 Worldcoin (WLD) tokens, valued at approximately $352,000, to the cryptocurrency exchange Binance. This transaction marks the first movement of Worldcoin assets held...
Supreme Court Postpones Do Kwon’s Extradition to South Korea
The Supreme Court of Montenegro has postponed the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea. The decision comes after the Supreme State Prosecutor’s Office (VDT)...
FTX Settles CFTC Lawsuit, Agrees to $12.7 Billion Payout
A pivotal development in the ongoing FTX bankruptcy saga emerged as New York Judge P. Kevin Castel approved a consent order requiring the defunct crypto exchange and its sister company,...
DePIN’s Blockchain Evolution: Is Solana Still the Best Choice?
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing explosive growth, with fundraising volume increasing 296% year-over-year and market capitalization surging 400% to reach $20 billion. This meteoric rise highlights...
Toncoin (TON) Debuts on Binance: Can It Reach $20?
Leading crypto exchange Binance has added Toncoin (TON) to its platform, the native token of the Telegram-developed TON blockchain, opening trading on August 8, 2024. Deposits are already open, with...
Investing in Cardano: What to Expect After the Chang Hard Fork
Cardano is on the cusp of a transformative upgrade with the impending Chang hardfork. While the Cardano (ADA) token is currently down 13.43% over the past week, the community anticipates...
