According to a report from the Internal Revenue Service (IRS) criminal investigations division, tax evasion has emerged as a significant area of focus in crypto investigations. More than half of all probes conducted in the last fiscal year were related to tax matters. This news coincides with the IRS actively seeking input from stakeholders on...Read More
According to research by Bybit, institutional traders have expressed a significant bullish sentiment towards Bitcoin, mixed sentiments regarding Ether, and a general air of skepticism towards altcoins. From December 2022 to September 2023, the study provides an insightful look into trading behaviors and asset allocation amidst significant market fluctuations. Institutional Traders Favor BTC, Moving Away...Read More
TLDR XRP is experiencing a price rally. In contrast, the price of FLOKI is declining, linked to profit-taking. NuggetRush has become a favorite among investors. In the latest developments in the crypto market, Ripple (XRP) is gaining traction, while FLOKI (FLOKI) is under bearish pressure and declining. Another development creating a buzz is the accumulation...Read More
Cardano’s ADA has seen a remarkable surge in the last few months, more specifically, over 120% in appreciation since October 20. As the coin rises to new all-time highs by what’s left of December, Cardano’s DeFi ecosystem is flourishing as well. Cardano’s total value locked (TVL) surpassed $370 million this Friday, reflecting a 520% growth...Read More
The crypto industry is at an unprecedented inflection point, which could serve as a “generational investment opportunity” that will be fleeting as more institutions enter the space and network effects lead to exponential growth, according to new research. Digital asset manager Hashdex, which is currently eyeing a spot Bitcoin ETF approval, believes prospects for such...Read More
[PRESS RELEASE – New York, United States, December 10th, 2023] GOGA, the innovative new cryptocurrency, marks a significant step forward in the metaverse realm, focusing on creating meta classrooms, event halls, and immersive gaming experiences. This unique digital currency is now available for presale, offering an exciting opportunity for early adopters. Presale Benefits During the...Read More
[PRESS RELEASE – Thailand, Bangkok, December 10th, 2023] Thailand’s government’s push for the adoption of digital assets further solidifies the role that blockchain plays in its strategic vision, Thailand 4.0. Bangkok, December 8th, 2023: The 28th Global edition of the World Blockchain Summit, organized by Trescon, is calling the curtains over the year by returning...Read More
“Tradfi” may be beginning to rotate into the ETH ETF trade after two months. As per a new report by Reflexivity Research, the annualized basis on CME has consistently increased, reaching over 18%. Bitcoin’s open interest in CME has also experienced continuous growth, surpassing $4.5 billion since the trend began two months ago. Notably, an...Read More
The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more...Read More
Jito Amasses $3B in FDV Jito is the latest protocol making waves in the Solana ecosystem and the crypto community, as the JTO token has surged over 100% in 24 hours after its airdrop, and the tremendous price uptick has benefited SOL users considerably. Jito, developed by Jito Labs —a major node operator for Solana—...Read More
A recent report from Binance Research reveals a remarkable surge in the total cryptocurrency market capitalization, which has climbed by about 110% year-to-date, adding over $870 billion in capital, with a notable 55% increase observed in Q4 alone. This growth follows a period of stagnation after the 2021 crypto highs, marking a potential shift in...Read More
The crypto market is preparing for a big week ahead as all eyes are now on the upcoming CPI news. Bitcoin’s recent surge from $27,000 to over $43,000, initially due to anticipation of the U.S. ETF approvals, seems also influenced by falling interest rates in major bond markets, hinting at a potential shift in central...Read More
