G7 and EU Impose Fresh Crypto Sanctions on Russia
Polkadot is currently the talk of the crypto town. The promising blockchain network, headed by Gavin Wood and Robert Hebermeier, garnered significant traction over the years.
Leading U.S. movie theater chain AMC has added two meme-inspired cryptocurrencies, Shiba Inu ($SHIB) and Dogecoin ($DOGE) as payment methods, a week before they were scheduled to go live. The move was announced by AMC’s CEO Adam Aron, who in a tweet shared with his over 240,000 followers...
Bitcoin price trades with small gains on Friday as it recovers from the previous session’s declines. The formation of ‘Doji’ candlestick suggests investors are clueless about the next move but hovers near $40k. A decisive close above $40k will set the further directional setup. Bitcoin price hovers near $40k with modest gains as the weekends begin. Expect a range-bound movement toward $45K inside rectangle formation. Remains pressured below 50-day and 200-day EMAs on the daily chart. The largest and most famous cryptocurrency has...
The ever-lasting feud between the San Fransico-based fintech firm, Ripple Labs and the SEC might be coming to an end soon. Well, in this context, the former SEC Commissioner had a lot of interesting observations. The SEC vs. Ripple case was a mistake, according to former SEC Commissioner Joseph Grundfest, who said in an interview that “no matter how it turns out, we’re gonna be losers”. According to his statements, it seems, even if the SEC wins the battle, they would...
The road to a green bitcoin continues. This time, it’s with an idea so wild that it just may work. It arrives via a whitepaper titled “Greening Bitcoin With Incentive Offsets” by Troy Cross and Andrew M. Bailey. Did they find a way to align the protocol’s incentives with the green bitcoin future some people want? Or are they testing the waters, thinking about selling a product that not yet exists? Related Reading | What Did Musk, Dorsey, And Wood...
Current income tax rules in Singapore will apply to transactions involving non-fungible tokens (NFTs), Finance Minister Lawrence Wong reportedly said on Friday. But their application will depend on the nature and use of the token. Specifically, individuals who depend on NFT transactions or trading as a source of income will be subject to deductions, The Business Times reported. But capital gains on NFTs will not be taxed, given that the country has no such regime. The United States, which has...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The 2021 hype behind Cardano saw the price register enormous gains. Yet, the majority of the newly arrived investors of the past year appear to be at a loss. The inability to hold on to the psychologically important level at $1 in the past couple of months meant that the asset could slide southward once again. The coin has a...
Mustafa Elitas, Deputy Chairman of the AK Party Group and Turkey’s Minister of Economy, has reportedly met with members of the Turkish Shiba Inu ($SHIB) community to discuss the adoption of the meme-inspired cryptocurrency in the country. According to a tweet shared by the country’s SHIB community, later...