Bitcoin, the world’s leading cryptocurrency, has recently experienced a surge in value, leading to a positive return for the majority of its holders. The latest Bitfinex Alpha report reveals that over 83% of the BTC supply is currently held at a profit. This percentage is the highest since Bitcoin’s all-time high in November 2021, when
Cardano’s ADA token has been moving within a range-bound consolidation phase, as observed by a popular YouTube crypto analyst. The analyst notes that ADA has been unable to establish new price highs or lows in recent days, indicating a stagnant market condition. The price chart reveals a triangle pattern formed by key support and resistance
Spain’s Tax Administration Agency, Agencia Tributaria, has announced that starting January next year, Spanish citizens must disclose their crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes. In order to facilitate this process, the tax agency has introduced Form 721, a declaration form specifically designed for virtual assets held abroad.
Coinbase, one of the leading cryptocurrency exchanges, dropped a bombshell this week when it announced that it had received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC). In an email sent to its users, Coinbase revealed that it was requested to provide information about its users’ accounts and transaction activity, although the specifics
The hype surrounding blockchain and cryptocurrency has led to the emergence of numerous projects that claim to harness the power of artificial intelligence (AI). However, amidst this hype, it is crucial to identify genuine use cases for AI in the realm of crypto and blockchain. In this article, we will explore the potential role of
In the rapidly growing world of non-fungible tokens (NFTs), one critical aspect that demands attention is storage. As NFTs gain popularity, it becomes paramount to adopt decentralized solutions that ensure secure and efficient on-chain NFT storage. Recognizing this need, Akord has emerged as a game-changer in the industry with its groundbreaking offering. Built on Arweave,
A recent analysis conducted by crypto expert CryptoCon has pointed towards a bullish outlook for Bitcoin, suggesting a potential rally to $48,000 by early January. The analysis focuses on the Ichimoku Cloud indicator, a comprehensive tool that provides insights into market momentum, trend direction, and support and resistance levels. According to CryptoCon, the Weekly Ichimoku
Ethereum founding member, Vitalik Buterin, recently published a blog post that shed light on the potential dangers of artificial intelligence (AI) for humanity. His thought-provoking article titled “My Techno-Optimism” ignited a fiery debate within the AI and blockchain community. While some individuals agreed with Buterin’s concerns, others raised criticisms and objections. Emergent Perspective, an X
The decentralized exchange (DEX) market has recently witnessed a surge in explosive moves by various tokens, and one such token that has caught the attention of investors is ‘10000x.’ This unlikely token has experienced an astounding price increase of 5,000%. However, as market focus shifts towards a new Bitcoin ETF project, the future of 10000x
Ether (ETH) has been facing difficulties in maintaining the $2,000 support level, with its price struggling to surpass the $2,100 mark. These challenges come at a time when the broader cryptocurrency market sentiment is deteriorating. It is crucial to analyze whether recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions
