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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…
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…
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…
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…
Surge in Demand from Permanent Holders Despite Ethereum’s recent dip, on-chain data shows a bullish picture. Permanent holders, likely institutions, have been buying heavily. On June 12, they purchased 298,000 ETH, the second-highest daily purchase on record. Institutional Positioning This surge in demand suggests that institutions may be positioning themselves in the market. They are…
Ethereum has witnessed significant withdrawals from centralized exchanges, indicating that investors anticipate a price surge. Exchange Balances Plummet Crypto analyst Ash Crypto observed a notable increase in ETH withdrawals, leading to the highest withdrawal trend of 2024. Coinbase, the largest US crypto exchange, experienced a massive withdrawal of 336,000 ETH within 48 hours. Overall, the…
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…
