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Developments in crypto tax across Europe and CIS at a glance
17.5.2023
Taxation in the crypto sphere is fast evolving, and keeping track of the developments is not just imperative but indeed a necessity. The European and CIS markets have seen a bit of turmoil in relation to crypto tax developments. Things are working out with all the major regions cementing their...
Litecoin Ordinals Hits 2 Million Inscriptions Showing Progress in NFTs
17.5.2023
The Litecoin community has reason to celebrate as the Litecoin Ordinals have reached a milestone of 2 million inscriptions. This achievement was even more impressive as the platform added over a million inscriptions in less than a week without any issues! The Litecoin Foundation, a non-profit...
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...
Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created
16.5.2023
Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the blockchain explorers 3xpl.com and salemkode.com...
CoinShares posts highest quarterly earnings since Q1 2022
16.5.2023
Crypto investment firm CoinShares posted its most profitable quarter in a year, according to its latest quarterly earnings report
Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy
16.5.2023
Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct...
PancakeSwap faces token unlock woes DigiToads presale experiences unexpected success
16.5.2023
It is common to have new projects introduced into the cryptocurrency market daily. While most of these coins fail and fall off the market, others deliver their promises and rise to the top in no time. DigiToads is one of the few coins that start in the right direction and continue to deliver on...
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum
16.5.2023
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which...
All-in-One Web3 Trading, DeFi, P2E Gaming & Metaverse Platform Launchpad XYZ Hits Major Presale Milestone – Time to Buy?
16.5.2023
Launchpad XYZ has an ambitious vision for the future of web3. The platform envisions constructing an all-in-one hub where users can navigate opportunities in DeFi trading, NFTs, play-to-earn gaming, and the metaverse—and it looks like it will have the resources to pull it off.
To fund this vision...
Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
16.5.2023
Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again...
Has Algorand peaked? Meanwhile, Tradecurve presale exceeds expectations
16.5.2023
The Securities and Exchange Commission (SEC) recently classified some cryptocurrencies, including Algorand (ALGO), as securities. Many believe that Algoand is yet to reach its true potential, and the SEC claiming it as a security have some investors worried. Experts have declared that Tradecurve...
Taylor Swift avoids FTX embarrassment as Uniswap and BNB survive fallout, while TMS Network snags a 1700% gain
16.5.2023
The FTX debacle is over five months old, but the controversy trailing the fallout is enormous. Prosecutors are now coming after celebrities that endorsed FTX before its collapse, but Taylor Swift avoided getting dragged because she did her due diligence by asking pertinent questions. While this...
Pepe Coin surges 1,500%，Floki Inu joins Binance Futures，Big Eyes Coin launches on June 15th
16.5.2023
The world of digital currencies has had some positive developments in recent weeks. Despite the rocky road that collapsed the Signature, Silvergate, and Silicon Valley Bank, the cryptocurrency industry has come out clean on the other side. From the meteoric rise of the PEPE coin to the launch...
3 exciting altcoins and their ecosystems: Avalanche, Polygon, and DogeMiyagi
16.5.2023
A significant component of cryptos today is the features and functions of their ecosystems. These contribute greatly to drawing investors in through what they offer and say about the crypto itself. New crypto coins, in particular, are always eager to highlight the strengths of their ecosystem...
SEC to Judge: Deny Coinbase's Call for Cryptocurrency Rule Explanation
16.5.2023
The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines.
In a court filing Monday, the SEC said it is not mandated to meet the requirements outlined...
SEC responds to Coinbase’s petition while its CEO visits the UAE
16.5.2023
The US Securities and Exchange Commission (SEC) recently released a response to Coinbase’s petition. The Chair, Gary Gensler, stated that Coinbase possesses no right to mandamus. There is no regulation or statute that requires the SEC to release the guidelines within a specified timeline. Coinbase...
Could AI help Terra Luna Classic recover?
16.5.2023
Since its implosion and subsequent hard fork by LUNA, Terra Luna Classic (LUNC) has struggled to gain momentum in the cryptocurrency market, with its value declining. Now, industry experts suggest AI could help LUNC recover and attain its full potential. By leveraging advanced machine learning...
Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High
16.5.2023
Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion....
US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’
16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...
Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation
16.5.2023
In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency, affirming that he maintains “a small...