Cryptocurrency
El Salvador Secures $1.6B for Bitcoin City Port Transformation
El Salvador secures historic $1.6B investment for port upgrades, including the future Bitcoin City's location. Turkish company Yilport Holdings to lead the modernization efforts. President…
South Korea Mandates Insurance for Closed Crypto Exchanges
South Korea mandates insurance for defunct crypto exchanges to protect user assets. Virtual Asset User Protection Act enforces strict measures on crypto exchanges' operations. Non-compliance…
Coinbase CLO Pleads for Court Relief in SEC Document Standoff
Coinbase's CLO requests court’s help in obtaining SEC documents. SEC resists Coinbase's discovery request, calling it irrelevant. Coinbase asserts its right to access documents for…
Only 66% of ETH Addresses in Profit: Time to Sell or Hold?
IntoTheBlock reports that only 66% of Ethereum addresses are currently profitable, a level not seen since October 2023. Ethereum’s RSI stands at 41.04, placing it…
Key U.S. Economic Data to Watch This Week: Impact on Crypto
Upcoming U.S. economic data releases will likely impact the volatile crypto market. Inflation figures (PPI, CPI) and jobless claims are key indicators to watch. The…
CRV Soars 36%: Inflation Reduction and Community Drive Rally
CRV price surges 36.84% in a week. The anticipated reduction in CRV inflation boosts investor sentiment. Shift to community-based CRV distribution could strengthen the token's…
80% Down, But Not Out: Is XRP Poised for a Monumental Surge?
XRP has plunged 80% from its all-time high. Recent court ruling sparks hope for a potential recovery. Technical indicators suggest XRP may be oversold. XRP…
EIP-1559 & Ethereum: Low Fees, Less ETH Burn, Price Impact
Record-low Ethereum gas fees impact transaction costs and ETH burn rate under EIP-1559. The decline in gas fees has resulted in a lower ETH burn…
IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity
IRS updates Form 1099-DA draft, easing reporting for digital assets starting in 2025. The new draft removes wallet address transaction IDs to enhance privacy and…
Santa Monica Goes Big on Bitcoin with New City Office
The City of Santa Monica has recently created a Bitcoin Office page on its official website. The page intends to provide education on Bitcoin to…
