In a recent development, Grayscale, a leading digital asset management firm, evaluates potential tax consequences for spot Bitcoin exchange-traded funds (ETFs). This assessment comes in response to circulating misinformation regarding unfavorable tax implications. Through a series of posts on social media platform X (formerly Twitter), Grayscale sought to clarify the situation, specifically addressing retail investors’ […]
We Asked ChatGPT Which Will be the Biggest Meme Coin in 2024? BONK, SHIB, DOGE, or Something Else?
TL;DR The cryptocurrency market, especially memecoins like BONK, DOGE, and SHIB, has seen significant growth, with BONK hitting a 900% monthly surge. Predicting the leading meme coin for the next year is difficult due to market volatility and the speculative nature of these tokens. DOGE’s market presence, SHIB’s community-driven ecosystem, and BONK’s recent Coinbase listing […]
Ethereum Loses 5% Weekly: Healthy Retrace or Signs of Deeper Correction? (ETH Price Analysis)
Ethereum’s price has begun an aggressive uptrend since the rebound from the lower boundary of the large bullish flag pattern, breaking past several resistance levels. Yet, the price has finally struck a significant obstacle in the $2,400 resistance zone. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, the price has been […]
Bitcoin at $45k? What Would This Mean For Emerging Altcoins
In the world of cryptocurrency, when Bitcoin sneezes, the rest of the market catches a cold, or sometimes, it rides a wave of euphoria. The recent buzz is all about Bitcoin potentially hitting the $45,000 mark. While this is exciting news for Bitcoin enthusiasts, it also opens up a world of possibilities for emerging altcoins […]
Arbitrum network back to normal after brief outage
Ethereum layer 2 solution Arbitrum had a brief downtime on Friday. An update showed a surge in inscriptions had contributed to the spike in network traffic and gas fees. Arbitrum has since “resolved this issue,” with operations back to normal and gas prices steadily recovering. Arbitrum, a rollup chain on Ethereum, is running normally after […]
Cardano (ADA) Set for Best Weekly Close; Gala (GALA) & InQubeta (QUBE) Gear Up for Huge Growth
New and exciting developments are happening in the dynamic world of cryptocurrencies, and three coins are grabbing attention. Cardano (ADA) is on the verge of a killer weekly close, Gala (GALA) is breaking out in a big way, and InQubeta (QUBE) is all set for some serious growth. Let’s dive in and see what these […]
Shiba Inu (SHIB) Witnesses Unusual Transaction Boom for Two Days in Row
Shiba Inu (SHIB) sustained whale transaction growth for two days straight
ADA Price to Reach $0.7 But Beware of This Danger: Analyst
Popular analyst issues a warning to Cardano traders even though he admits that ADA may break out to reach $0.7 soon
Top crypto picks to become millionaire in 2024
The cryptocurrency market is currently witnessing a bullish phase, with Bitcoin (BTC) leading the rally. This surge is primarily driven by the U.S. Federal Reserve’s decision to maintain interest rates between 5.25% and 5.50%, along with a new accounting rule that allows companies holding crypto to report not only losses but also paper gains. This […]
Coinbase Takes SEC To Court After Crypto Regulations Denied
The U.S. Securities and Exchange Commission (SEC) dismissed Coinbase’s plea for tailored regulations on cryptocurrencies, deeming them “unwarranted,” as reported by TronWeekly. The denial has prompted Coinbase to escalate the matter to the courts, seeking legal recourse in its quest for regulatory clarity in the crypto industry. Coinbase’s Co-founder and CEO, Brian Armstrong, revealed the […]