Bitcoin and Ethereum Bulls Hesitate, BNB Extends Rally Above USD 600


Bitcoin price is still trading below the USD 60,800 and USD 61,000 resistance levels. BTC is currently (12:00 UTC) flirting with the USD 60,000 level and if there is a downside correction, the USD 59,200 and USD 59,000 levels might provide support. Besides, most major altcoins are showing positive...

Bitcoin Cash From Hard Fork Is Taxable Income - IRS


Bitcoin cash (BCH), received after the Bitcoin (BTC) hard fork in 2017, constitutes taxable gross income, according to a memorandum released by the US Internal Revenue Service (IRS). The IRS claims the document, dated March 22, cannot be cited as precedent, and it was drafted in response to...

Uganda To Have Its Local Crypto City; Second edition of Akon City


In August 2020, Akon announced his plan to build “Akon City,” a futuristic hub in his ancestral homeland, that will run on Akoin, the cryptocurrency launched by the singer. Envisioned as a sustainable smart city, Akon City has been pitched as a $6 billion residential and commercial property...

Binance launches tradable stock tokens in Tesla


As distinct from traditional shares, a stock token can be fractionalized into smaller, more affordable units, meaning that more users can potentially benefit from capital returns on equities

Reason for Spurring Dogecoin Price


Burgeoning demand for cryptocurrencies has given birth to many Altcoins and Litecoins apart from Bitcoin, such as Dogecoin (DOGE). Likewise other cryptocurrencies, Dogecoin also works on the peer-to-peer network of Litecoin, which is based on Dogecoin’s internet algorithm. It is a Shiba Inu-Themed...

Coinbase Goes Public This Week - What To Expect?


As US-based major crypto exchange Coinbase going public in two days, many industry insiders see it as a bullish event for a wider crypto space, but also one that may eventually lead more people into decentralized finance (DeFi). Meanwhile, an investment research firm placed the exchange's valuation...

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