Over the past few months, Bitcoin has been flowing out of exchange wallets. This could be a good sign for the cryptocurrency’s price. Bitcoin Exodus: A Look at the Numbers Analysts are noticing a significant decline in the “Exchange Reserve” – the total amount of Bitcoin held by centralized exchanges. This decline suggests that investors…
Italy is thinking about making it more expensive to sell your Bitcoin and other cryptocurrencies. Higher Taxes for Crypto Profits The Italian government is considering raising the capital gains tax on crypto from 26% to 42%. This means if you sell your Bitcoin for a profit, you’d have to pay a bigger chunk of that…
The mastermind behind the massive Bitfinex cryptocurrency heist could be spending the next five years behind bars. Prosecutors are pushing for a hefty sentence for Ilya Lichtenstein, who admitted to his role in the theft of billions of dollars worth of Bitcoin. The Heist Back in 2016, the Bitfinex exchange was hit with a major…
Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, is making a bold prediction: Ethereum is the best “contrarian bet” in the crypto market right now. Why Ethereum? While Bitcoin is the OG cryptocurrency and newer blockchains are grabbing headlines with their speed and innovation, Ethereum is often overlooked. It’s considered the “middle…
Ethereum is quietly gaining momentum, even though it hasn’t been keeping up with Bitcoin’s recent price surge. Big Whales Are Accumulating Ethereum Data shows that big Ethereum holders, known as whales, have been steadily buying up Ethereum over the past month. These whales, who own more than 0.1% of all Ethereum, have been consistently adding…
Ethereum’s Recent Surge Ethereum has been on a roll lately, climbing back above the $2,500 mark after a recent dip. It’s gained over 8% in the past week, moving from the $2,300-$2,400 range to around $2,600. Breaking the $2,700 Barrier The next big hurdle for Ethereum is the $2,700 level. It hasn’t managed to break…
A popular crypto analyst is predicting a huge surge for a memecoin called Book of Meme (BOME). Bluntz, who has a large following on social media, believes BOME is poised for a major breakout after breaking out of its trading range. BOME Breakout Potential Bluntz sees BOME reaching $0.03, a massive 220% increase from its…
Tether, the company behind the popular stablecoin USDT, has hit a big milestone: over 330 million people have used USDT on the blockchain. That’s more than the entire population of the United States! Growing User Base Tether says this number doesn’t even include people who use USDT on centralized exchanges like Coinbase or Binance. They…
DeFi expert Arthur Cheong believes the decentralized finance (DeFi) world is experiencing a revival. He’s seeing a surge in interest from investors, fueled by both internal improvements and external economic factors. Lower Interest Rates, Higher Returns Cheong points to the recent Fed rate cut as a key driver. With traditional savings accounts offering less attractive…
Donald Trump’s crypto project, World Liberty Financial (WLFI), has launched its token sale, but it’s not going as well as they hoped. Token Sale Stumbles After a day of sales, the project has only sold 796 million WLFI tokens out of a target of 20 billion, which is just 4% of their goal. The current…
