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Proposed US bill wouldn’t allow taxing block rewards at acquisition
1.5.2024
If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired
Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value
1.5.2024
In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56...
Ankr expands Bitcoin liquid staking tokens to AI blockchain Talus
1.5.2024
The Bitcoin LSTs can be used to power Talus blockchain's virtual AI assistants
Extradition Papers Completed For Fled Nigerian Binance Exec Nadeem Anjarwalla, INTERPOL Africa VP Says
1.5.2024
Extradition papers for fled Binance executive Nadeem Anjarwalla have been finalized, Vice President Garba Umar from the Nigerian Central Bureau (NCB) of the International Criminal Police Organization (INTERPOL) confirmed Tuesday. News of Anjarwalla's potential extradition comes just over a week...
Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’
1.5.2024
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate;...
NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines
1.5.2024
Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck...
An ETH ETF Wouldn’t Deliver Full-Returns to Investors
1.5.2024
An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic...
‘Sell in May and Go Away’: The Seasonality of Crypto-asset Returns
1.5.2024
The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
1.5.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves...
FTX Mania Is On With SBF Token Pumping 84% and Analysts Say This Other Coin is Next
1.5.2024
Sam Bankman Fried-themed Solana meme coin SBF token has exploded in FTX rally, and now SBF price is giving way to this other viral crypto coin
The post FTX Mania Is On With SBF Token Pumping 84% and Analysts Say This Other Coin is Next appeared first on Cryptonews
Meme coins: Betrayal of crypto’s ideals… or its true purpose?
1.5.2024
Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
1.5.2024
Decentralised finance (DeFi) lending protocol Pike Finance smart contract vulnerability led to $1.6 million in stolen funds over three days.
The post Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency appeared first on Cryptonews
Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard
1.5.2024
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in...
Bitcoin Price Prediction as Crypto Market Cap Slumps 6.4% – Time to Buy?
1.5.2024
Amidst speculation over the Federal Reserve's stance, Bitcoin faces a 7% drop to $56,500, echoing broader market turmoil and investor apprehension.
The post Bitcoin Price Prediction as Crypto Market Cap Slumps 6.4% – Time to Buy? appeared first on Cryptonews
Mollars Token Presale Extended As First Crypto Exchange Confirms It Will Launch
1.5.2024
Mollars token presale has had an exhilarating 2024, becoming the top verifiable cryptocurrency initial coin offering. Transparent with their ICO wallet addresses, every bit of the 1.2-million-dollars raised thus far is able to be verified by investors as it surpasses 67% sold out.
The post...
Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist
1.5.2024
Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation...
Curve Finance Rewards Security Researcher $250,000 for Uncovering Critical Vulnerability
1.5.2024
Popular DeFi protocol Curve Finance has awarded a security researcher $250,000 for discovering a critical vulnerability that has historically enabled hackers to siphon off millions of dollars from cryptocurrency protocols.
The post Curve Finance Rewards Security Researcher $250,000 for Uncovering...
Losses from crypto hacks plunge 67% in April to $60 million
1.5.2024
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April
Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices
1.5.2024
Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies...
India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud
1.5.2024
The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.
The post India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud appeared first on Cryptonews