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Crypto Tax Planning: Merging Tax-Loss Harvesting With Charitable Giving
19.12.2023
As the year winds down, cryptocurrency investors can combine tax-loss harvesting with cryptocurrency donations to charities, a move that optimizes tax benefits while supporting worthy causes. Embrace Year-End Tax Strategy With Charitable Giving Twist As the end of the year rapidly approaches...
Grayscale Clarifies Investor Tax Implications of a Cash-Created Spot Bitcoin ETF
18.12.2023
Grayscale, one of the biggest cryptocurrency asset management firms, has addressed the issue of taxation regarding the adoption of a cash creation model in an upcoming spot bitcoin exchange-traded fund (ETF). The firm clarified that “no spot Bitcoin ETF that qualifies as a grantor trust would...
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Ethereum Technical Analysis: ETH Succumbs to Bearish Pressure and Upper Resistance
18.12.2023
As of Dec. 18, 2023, ethereum exhibits a complex interplay of bearish and bullish signals across various technical indicators. The second-leading crypto asset, currently priced at $2,125 to $2,165, faces a critical juncture in its market trajectory, as revealed by the 4-hour and daily charts...
Bitcoin Technical Analysis: BTC Navigates Choppy Waters and Uncertainty
18.12.2023
As bitcoin trades between $40,850 to $41,075, investors are eyeing several charts, oscillators, and moving averages for clues about the leading crypto asset’s next move. Oscillators signal neutrality, while moving averages paint a mixed picture, indicating a critical juncture for...
Latam Insights: Volcano Bonds Target Q1 2024 Launch, Unblock Global $15 Million Bitcoin Flare Gas Bet
18.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran Volcano Bonds might be launched in Q1 2024, Unblock Global raised $15 million for a flare gas mining project in Vaca Muerta, and Argentine...
US Ambassador to Argentina Hails Bitcoin Miner’s ‘Genius’ Flared Gas Power Generation Plans
18.12.2023
The U.S. Ambassador to Argentina, Marc R. Stanley, has lauded Unblock Computing’s bitcoin mining initiative for its innovative use of flared gas in generating electricity. Ambassador Stanley commended the plan for its dual benefits: aiding Argentina in achieving its climate objectives...
Palau Moves Ahead With Second Phase of Stablecoin Pilot
18.12.2023
The Republic of Palau has announced the launch of the second phase of its stablecoin project. Jay Hunter Anson, a member of the board of directors of Palau’s Ministry of Finance (MOF), declared that the new phase will focus on building a robust ecosystem, expanding accessibility and user...
Tether Confirms Extensive Collaboration With DOJ, FBI and Secret Service
18.12.2023
Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer...
Bitcoin Core Dev Discusses ‘Firing’ All Miners With PoW Algo Change: Feisty Exchanges Mark Growing Divide
18.12.2023
Over the last ten years, Luke Dashjr has emerged as a key player in the realm of Bitcoin development and the network’s open-source software. His opposition to specific trends within the Bitcoin ecosystem has gained more attention lately. He has labeled Ordinal inscriptions and non-fungible...
Bitcoin Miners Hit Record $9.97M Earnings From Ordinals; 61% of BTC Transfers Inscription-Driven
17.12.2023
In the wake of a substantial increase in onchain transaction fees for Bitcoin, the compensation to bitcoin miners from inscription-based transfers has hit a record peak in the last 24 hours. An estimated total of $9.97 million was allocated to miners, eclipsing the former high of $7.21 million...
BONK’s Meteoric Rise: Outpaces PEPE with 621% Surge, Secures Third Place in Meme Coin Market
17.12.2023
In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has experienced substantial growth against the U.S. dollar and has now overtaken pepe (PEPE) to become the third largest meme coin in terms of market capitalization. In the past month alone, the Solana-based BONK surged over 621%...
Bitcoin L2 Solutions Witness Decline, Lackluster Demand Despite Surging Transaction Fees
17.12.2023
On Saturday, December 16, the cost of transacting in bitcoin eclipsed its previous peak from May 8, 2023, surging past $40 per transaction. The trend of escalating onchain fees began on the final day of October, steadily increasing thereafter. Numerous crypto proponents foresaw this spike...
Kiyosaki on Deadly Economic Gamble, Vaneck’s Crypto Predictions — Week in Review
17.12.2023
Robert Kiyosaki has said that the biggest crash is coming and warned people against playing “Russian Roulette” with their lives. Even still, asset management firm Vaneck has done some safe gambling of its own, revealing 15 crypto predictions for 2024. All this and more just below,...
Bitcoin Transaction Fees Soar to $40, Sparking Debate and Push for L2 Solutions Amid Mempool Backlog
16.12.2023
On Saturday, Dec. 16, 2023, Bitcoin’s transaction fees spike to a high of $40 per transaction at 1:48 p.m. Eastern Time. The jump in onchain fees surpassed the high reached on May 8, 2023, when the average transfer cost topped $31 per transfer. Skyrocketing Bitcoin Fees Surpass $40 Bitcoin...
NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth
16.12.2023
Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, surpassing Ethereum’s $99.67 million, which previously held the...
Bitcoin Difficulty Set for Upturn Amid Escalating Hashrate and Soaring Miner Fees
16.12.2023
After the last adjustment that resulted in a slight 0.96% reduction, the upcoming difficulty retarget on Dec. 23, 2023 is anticipated to bring about an increase, eclipsing the previous decline, as the hashrate regains its upward trajectory. The seven-day average hashrate reached a low of...
Government of Russia Eyes Commodity-Like Crypto Exports
16.12.2023
The government of Russia might allow crypto miners to sell their cryptocurrency like other exports such as gas. Ivan Chebeskov, deputy minister of finance, specified that this option was part of a bill to legalize cryptocurrency mining introduced in 2022, that could allow miners to proceed with...
Bitget Forecasts BTC to Reach $100,000 and ORDI’s Ascent in Next Bull Market
15.12.2023
In a newly published prediction report, Bitget, a leading derivatives crypto exchange, forecasts a vibrant future for the Bitcoin ecosystem, with BTC potentially soaring to $100,000 and the ORDI BRC20 token climbing the ranks in the next bull market. Bitget researchers say this expansion is set...
Bitcoin Celebrates One Year of Ordinal Inscriptions With 48 Million Mark Hit, Signaling Longevity Despite Ongoing Debate
15.12.2023
On Dec. 15, 2023, a significant milestone was achieved in the Bitcoin blockchain world, just a day shy of the anniversary of the first Ordinal inscription. The total count of Ordinal inscriptions has impressively hit the 48 million mark. Despite initial skepticism about their longevity, these...