Italy is set to trim its planned tax increase on crypto capital gains, Reuters reported on Tuesday. Two months ago, the government was intent on raising the tax to 42% from 26% by the end of December. “The tax increase will be significantly reduced during the parliamentary work,” lawmakers Giulio Centemero and Federico Freni, a … Read more
A trader turned $2,500 into $200,000 by buying XRP futures with 500x leverage on cryptocurrency exchange Rollbit on Tuesday. XRP jumped by 26% during U.S. trading hours after Ripple Labs, the company behind XRP, received “final” regulatory approval to offer the RLUSD stablecoin in the U.S. The savvy trader opened a position worth $2,560 when … Read more
XRP outperformed bitcoin and other major cryptocurrencies, with dogecoin (DOGE) leading losses in the past 24 hours before the release of U.S. inflation data later Wednesday. Bitcoin (BTC) remained steady around $98,000, while ether (ETH), BNB Chain’s bnb, and Cardano’s ADA fell by as much as 2%. Memecoin DOGE dropped 4%, even as shiba inu … Read more
For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5’s short-lived rise into six figures.This indecisive price action might have left traders feeling uninspired, with two key reasons holding back the upside. First, the influx of liquidity into the crypto market through channels like … Read more
“Good artists copy, great artists steal,” was a favorite saying of Apple’s Steve Jobs to explain his company’s blatant copying of technology from Xerox. Fast forward to the Web3 era, and BitMEX CEO Stephan Lutz, who was appointed to the role in late 2022, says he’s fine with competitors copying the crypto exchange’s invention of … Read more
It was a transformational year for bitcoin miners, with a cohort of them plowing significant resources into running artificial intelligence (AI) data centers. None, however, have done it quite like Core Scientific (CORZ), which under CEO Adam Sullivan’s leadership emerged from bankruptcy in January and then proceeded to ink a multi-billion dollar megadeal with longtime … Read more
Ethereum (ETH), the largest smart-contracts blockchain, for years has had a scalability issue. As more users joined the Ethereum ecosystem, the network became more expensive and slower to use. To solve part of that issue, starting in 2019, Ethereum community members came out with their own scaling solutions, called layer 2s, or rollups. Optimism (OP) … Read more
2024 has been the year of the memecoin supercycle, with demand for the tokens surging to unprecedented heights. Memes are now a $141 billion business, according to CoinGecko, making up around 11% of the entire crypto market (excluding bitcoin and ether). Memeland CEO Ray Chan has become a prominent figure in the supercycle, leveraging his … Read more
“Lummis like hummus” reads the press secretary’s signature. It’s a nod to how sometimes people mispronounce the name of the junior senator from Wyoming. But it’s a good bet most people in crypto know how to say it these days. Lummis is the the most important advocate for crypto in Congress, being the main proponent … Read more
David Tse is the co-founder of Bitcoin staking protocol Babylon, one of the foremost projects in the burgeoning sector of introducing utility to the world’s oldest blockchain that is commonplace in other networks. While the Bitcoin network itself does not allow staking (being a proof-of-work blockchain), Babylon’s protocol allows users to stake BTC to secure … Read more