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AI-Focused Cryptocurrency Sector Expands by $2 Billion in Less Than 2 Weeks
29.11.2023
Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight. AI Crypto Economy Rebounds...
Shiba Inu Price Prediction as Four Major Updates Teased – Can SHIB Reach $10?
29.11.2023
Source: Bing Image Creator. The Shiba Inu price has risen by 1.5% in the past 24 hours, with its move to $0.00000831 coming as the wider crypto market posts a 2.5% gain today. SHIB has now risen by 4% in a week and by 3.5% in the last 30 days, although the meme token has […]
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Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
Indian Finance Minister Shares Progress on Crypto Roadmap Implementation at Virtual G20 Summit
23.11.2023
Source: YouTube / DD India India’s Finance Minister Nirmala Sitharaman shared the latest advancements in the implementation of the crypto regulation roadmap during the virtual G20 Leaders’ Summit yesterday. Emphasizing the formal adoption of the roadmap by the G20, Sitharaman highlighted...
Tether’s quest for transparency: Unveiling real-time reserve updates
22.11.2023
The world of cryptocurrency has produced a lot of popular and emerging cryptocurrencies in recent times, for example, Bitcoin, Ethereum, Dogecoin, etc., including Tether (USDT), which is recognized as a prominent stablecoin. Tether is largely known for its seamless and enhanced transparency...
Crypto Market’s Mixed Fortunes — BONK, TAO, and KAS Rise as Several Other Cryptos Stagnate
20.11.2023
As of this writing, the crypto market is cruising at a value of $1.42 trillion, with bitcoin (BTC) holding 49.9% of the overall market cap. This past week saw both bitcoin and ethereum experiencing notably stagnant weeks in terms of their percentage changes, while a number of other digital...
Down From the Peaks: A Look at Bitcoin, Ethereum, and Others Two Years After the 2021 Surge
19.11.2023
It’s been slightly more than two years since the 2021 cryptocurrency boom, a time when the crypto economy reached its zenith with a valuation of $2.90 trillion on November 10, 2021. Although it has been an extended and harsh crypto winter marked by numerous upheavals, a substantial number...
AI-Driven Crypto Market Rebounds Back to $3 Billion Amid Surge in Leading Tokens
18.11.2023
In the early months of 2023, the AI-driven crypto market soared, reaching a peak of over $4 billion. Yet, by the end of July, this sector experienced a notable decline, dropping to $2.6 billion. Despite this downturn, the last three months have witnessed a recovery in the AI-focused crypto...
Is It Too Late to Buy Render? RNDR Price Climbs 25% Amid Buzz Around a Fresh New Telegram Casino Platform – Time to Buy?
16.11.2023
The RNDR price has surged by 25% in the past 24 hours, rising to $2.95 after the cryptocurrency market gained by 2.5%. Render is now up an impressive 58% in the last 30 days, with today’s push following from excitement surrounding a new governance proposal. Named RNP-007, the proposal...
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
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...
CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand
10.11.2023
The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value climbs to new peaks. CME Leads Bitcoin Futures Rally as Open Interest...
Proof of Stake Alliance Updates Best Practices, Signed by Coinbase, Paradigm, and More
9.11.2023
The Proof of Stake Alliance (POSA), in partnership with Paradigm Policy Lab, put forward a new set of best practices for staking with the goal of ensuring “customer protection and responsible innovation in the staking space” on Thursday, November 9th. A collective goal “Our collective goal...
FTT Skyrockets Amid FTX Acquisition Rumors Tied to NYSE’s Ex-President
9.11.2023
FTX’s proprietary token, FTT, has witnessed an impressive surge of over 80% following reports that say Tom Farley, the former president of the New York Stock Exchange (NYSE), is potentially interested in acquiring and rebooting the collapsed exchange. FTT Price Jumps More Than 80% Over...
Proof of Stake Alliance updates recommendations for staking providers
9.11.2023
The POSA updated its staking principles to say that providers should communicate clearly and should not control the amount of liquidity a user must provide
Bitcoin Hits 18-Month High as Market ‘Greed’ Takes Hold, Igniting Short Squeeze Frenzy
9.11.2023
The Crypto Fear and Greed Index (CFGI) currently reveals a mood of “greed” within the cryptocurrency market, scoring a 69 out of 100. As of November 9, 2023, at 5:20 a.m. Eastern Time, the price of bitcoin peaked above $37K — a peak not observed since the first week of...
Crypto Gainers and Losers: This Week’s Market Snapshot
4.11.2023
This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday, October 28, to Saturday...
Bitcoin, Ethereum Technical Analysis: Market Holds Its Breath for Fed’s Upcoming Policy Decision
1.11.2023
As November 2023 unfolds, the crypto economy is buzzing with market activity, showcasing a striking performance from bitcoin (BTC) alongside a steady progression from ethereum (ETH). Crypto markets are calm and consolidated at the moment, as market observers and traders wait for the news stemming...