Turkey, the eighth-largest economy in Europe, is reportedly planning a new tax on cryptocurrency transactions. Tax Proposal According to Bloomberg, the proposed tax aims to raise $7 billion for the Turkish government. The bill includes: A 15% tax on multinational corporations earning revenue in Turkey A minimum corporate tax on profits from real estate sales…
After a recent market crash, Shiba Inu (SHIB) is showing signs of recovery. Investors are optimistic, and a machine learning algorithm predicts further price gains next week. Machine Learning Algorithm Forecasts 30% Price Increase Despite bearish market sentiment, CoinCodex’s machine learning algorithm predicts a significant price increase for SHIB. It suggests a 30.25% jump to…
Development Activity Surge Flow, a proof-of-stake blockchain, has overtaken Decentraland, an Ethereum-based virtual reality platform, as the top crypto project for non-fungible token (NFT) development, according to analytics firm Santiment. Flow recorded 190.77 significant GitHub events in the past 30 days, compared to Decentraland’s 144.9. Metaplex, a decentralized NFT platform on Solana, ranked third with…
As the US elections approach, crypto billionaires have gathered a massive $160 million to support candidates who back favorable digital asset regulations. Crypto Giants Push for Regulatory Reform The industry’s political action committee (PAC), Fairshake, has received significant funding from companies like Ripple Labs, Andreessen Horowitz, and Coinbase Global. Crypto giants aim to reduce oversight…
Mega Whales Pull Out Data shows that the largest investors in Shiba Inu (SHIB) and Ethereum (ETH) have been withdrawing their coins from exchanges. This could be a bullish sign for the prices of both cryptocurrencies. Exchange Outflows According to Santiment, the top 10 exchange wallets for SHIB, ETH, and Chainlink (LINK) have recently seen…
Forbes Praises Shiba Inu Forbes, the renowned business magazine, has featured Shiba Inu (SHIB) in a recent article, highlighting its impressive achievements. Forbes described SHIB as “beyond cute” and praised its growth within the crypto industry. Real Utility, Not Just a Meme Forbes emphasized that SHIB is not just a meme coin with a “pretty…
A respected crypto analyst predicts that Bitcoin (BTC) is on the cusp of a major breakout, possibly within months. Consolidation Phase According to Rekt Capital, Bitcoin has been consolidating for three months and may continue to do so for another three based on historical patterns. He suggests that a breakout could occur in September 2024….
Layer-1 Altcoin on the Rise Crypto analyst Ali Martinez is bullish on Toncoin (TON), a smart contract-enabled blockchain. According to the Tom DeMark (TD) Sequential indicator, TON could see a 46% rally to $11. Martinez also notes an ascending triangle pattern on the chart, further supporting his bullish outlook. Bitcoin’s Historical Q3 Performance Martinez warns…
Ondo Finance (ONDO) A popular trader, Altcoin Sherpa, believes Ondo Finance (ONDO) remains strong despite its impressive 1,400% rise since January. According to Sherpa, ONDO has bounced off a crucial support level, indicating a potential continuation of its uptrend. Solana (SOL) Altcoin Sherpa predicts that Solana (SOL) will continue to fluctuate between $185 and $120….
According to Jurrien Timmer, global macro director at Fidelity Investments, Bitcoin’s adoption needs to increase for it to reach new all-time highs (ATHs). Adoption and Price Divergence Timmer notes that Bitcoin’s network growth has slowed while its price has continued to rise. This divergence suggests that adoption may be lagging behind price appreciation. Bitcoin as…
