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Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
Australia to impose capital gains tax on wrapped cryptocurrency tokens
14.11.2023
Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax
Crypto’s 24-Hour Score: Gainers Like Memecoin Triumph With Double-Digits, ARK Amongst Top Losers
13.11.2023
As the cryptocurrency market sails smoothly at a valuation of $1.4 trillion, bitcoin and ethereum have stabilized, mostly moving sideways. Yet, a handful of virtual currencies enjoyed robust gains on Monday, with memecoin (MEME) soaring 44.28%, leading the charge as the week kicked off. Conversely...
Solana Price Prediction as SOL Gains 150% in 30 Days – Time for a Pullback?
13.11.2023
Source: Dall•E 3 The Solana price has dipped by 1% in the past 24 hours, with its fall to $58.69 paring down some of the huge gains the altcoin has made in the past few weeks. Yet despite today’s slip, SOL remains up by a market-leading 46% in a week and by a whopping 165% […]
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Gamefi Tokens’ Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector’s Growth
11.11.2023
Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game finance (gamefi) sector have experienced...
Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest
11.11.2023
This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-digit gains. This week, the top two gainers...
Best Crypto to Buy Now November 10 – Lido DAO, Ethereum Classic, Immutable
10.11.2023
LDO, ETC, IMX, BTCETF, and MK are considered the best crypto to buy now, following their significant market gains and developments. Image by cryptonews.com. Lido DAO’s LDO price has jumped over 22% in the past week, positioning it as potentially one of the best crypto to buy now. Likewise...
Pepe Coin Price Climbs 25% But Doxxed Meme Kombat Altcoin Can 100x After Raising Nearly $1.5m For Unique Gaming Platform
10.11.2023
Friday, November 10th, 2023 – The Pepe coin’s price has climbed 25% to $0.000001298 over the past seven days, but Meme Kombat ($MK) is the one to watch for 100x gains after raising $1.44 million as the altcoin season takes off. Since bottoming on October 19 at $0.000000626, $PEPE price has been...
Michael Saylor and MicroStrategy See Massive Returns on Bitcoin Investment, Crossing $1.1B Mark
10.11.2023
MicroStrategy’s early investment in Bitcoin has resulted in massive unrealized gains for the company. Image by JorgeEduardo, Adobe Stock. The price of Bitcoin has risen substantially in recent weeks, pushing the value of MicroStrategy’s Bitcoin holdings above $5.8 billion. The rally...
Cardano Price Prediction as ADA Volume Reaches Highest Level in 6 Months – Are Whales Accumulating?
10.11.2023
The Cardano price has risen by 2% in the past hour and by 2% in the past day, with the coin’s move to $0.379427 coming as the wider market gains by 1.4%. ADA has also risen by 17.5% in the last seven days and by 54% in the last 30, with the altcoin standing on […]
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JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Is It Too Late to Buy NEO? NEO Price Gains 34% as a Fresh New Telegram Casino Token Grabs Attention
9.11.2023
Leading Chinese layer-1 Neo has exploded in a massive +34% move, but as NEO price pushes up, is it too late to buy NEO? Known colloquially as ‘Chinese Ethereum’, NEO price has enjoyed a strong resurgence throughout the market-wide rally in ‘Uptober’. Neo founder @dahongfei...
Glassnode Data Shows Bitcoin Supply Less Liquid Than Ever Despite Market Gains
8.11.2023
The scarcity of the bitcoin supply has tightened, as revealed by the recent Glassnode study on onchain activities. Observations show that the inactivity of coins is touching both multi-year and unprecedented peaks, despite a substantial uptick in bitcoin’s value throughout the current year....
Top Crypto Analysts Are Quietly Loading Up on This Hidden Coin – What Do They Know?
7.11.2023
AI crypto startup yPredict gains traction with its unique analytics and $YPRED token presale. Image by Nuthawut, Adobe Stock. A new crypto startup called yPredict has been attracting attention from top crypto analysts who are quietly loading up on the project’s native token, $YPRED. But what...
Top Crypto Gainers Today on DEXTools – SNAPCAT, SATS, PEPEGO
7.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP (XRP) and BNB (BNB) are consolidating on Tuesday as traders take stocks of gains in recent weeks and eye commentary from Fed policymakers later in the week. But with US stocks pushing up...
Digital Asset Funds Record $261 Million in Inflows, Marking Gains for the Sixth Consecutive Week
7.11.2023
The cryptocurrency market continues to pull strings of outsized inflows in recent weeks as investors set sights on a spot Bitcoin (BTC) Exchange Traded Fund (ETF). According to a new CoinShares Market Flow report, the total market products recorded gains of $261 million, its sixth consecutive week...
XRP, LINK, DOGE Lead Altcoin Gains as Bitcoin Sits at $35K
6.11.2023
Altcoins posted gains of 5%-10% on Monday while bitcoin (BTC) treaded water near $35,000 as investors ventured into riskier tokens as calls for an altcoin season emerge
Best Crypto to Buy Now November 6 – Neo, KuCoin, Aave
6.11.2023
With the cryptocurrency market offering continued opportunities, investors are searching for the best crypto to buy now that could potentially produce financial gains. Evaluating projects like Neo, KuCoin, Aave, and ongoing crypto presales TG.Casino and yPredict provide insight into prospects worth...
Shiba Inu Price Prediction as SHIB Whales Keep Accumulating at $0.000008 – Big Bounce Incoming?
6.11.2023
The Shiba Inu price has dipped a little this morning, falling by 0.5% in 24 hours as the wider cryptocurrency market gains by the same percentage. SHIB is at the $0.00000821 level, marking a 2.5% gain in a week and a 13% increase in a month, as the market becomes more bullish. SHIB has also...