Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official revealed. New Regulations to Create Market for Crypto Services for Ukrainians Ukrainians …
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A low-cap altcoin is having an incredible week, surging 5,900% in just seven days on the heels of two key catalysts. Alchemy Pay (ACH) skyrocketed from a low of $0.003 to a high of $0.18 in seven days, representing just under 6,000% gains for holders who were able to ride the rally from trough to …
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It’s no secret that Coinbase has played an instrumental role in bringing new users into the crypto space. Coinbase’s friendly onboarding process and status as a publicly traded company allow it to appear as a more traditional investment platform to non-crypto savvy investors, leading to greater trust. However, it seems almost weekly that another article hits …
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After a slight delay on the initial rollout date, the Ethereum London hard fork went live on Thursday at approximately 13:00 GMT. Speaking on the upgrade, Ethereum co-founder Vitalik Buterin said the launch’s success is evidence that the ecosystem can make significant changes for the better. Buterin’s comment was directed at naysayers who doubt the …
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It’s a “green” weekend for the crypto market today as most major digital assets are seeing daily gains. Over the past couple of days, a lot of eyes have been glued to Ethereum’s (ETH) price movements since the blockchain underwent a massive network upgrade called London on Thursday. Among other improvements, it also introduced a …
Continue reading “Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000”
The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term Interest in Crypto Assets Among Institutional Investors Fidelity Digital Assets President Tom …
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The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s 1st Enforcement Action Involving Decentralized Finance The SEC announced Friday that it has taken the …
After a 13% rise in two days, Bitcoin’s (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network’s market capitalization at $340 billion. Positive expectations for the London hard fork and its potential deflationary effect …
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A popular crypto trader is analyzing possible future price action for Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). Widely followed crypto strategist and market analyst Michaël van de Poppe tells his 111,000 YouTube subscribers that he sees Bitcoin rallying as it takes out its immediate resistance at $42,000. ADVERTISEMENT “Through which breaking above this …
Cardano (ADA) founder Charles Hoskinson recently addressed the new provision in the bipartisan bill that proposes stricter tax regulation on crypto transactions, intended to contribute to the historic infrastructure funding. Following his prompt reaction on Twitter, where he addressed the seriousness of the new provision, in his most recent live stream, Hoskinson pointed out the …
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According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s …
The well known luxury auction house Christie’s has announced the company’s first non-fungible token (NFT) art sale in Asia on September 17. According to the announcement, the NFTs will feature Cryptopunks by Larva Labs, Meebits, and Bored Apes. Christie’s Reveals First NFT Auction in Asia Founded in 1766 by James Christie, the British auction house …
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The Ethereum game Axie Infinity continues to see demand as the developer Sky Mavis revealed on Friday there are now more than 1 million daily active players. Additionally, the game token utilized within the Axie Infinity gaming universe tapped an all-time high at $52 per unit 10 days ago. Despite being down 18% from the …
Market analyst and podcaster Preston Pysh says that Bitcoin (BTC) is in danger of falling prey to a big political push that could set back BTC adoption. In a new interview, Pysh says the narrative that Bitcoin supposedly fails the environmental, social and corporate governance (ESG) test could be used to curtail the growth of …
The U.S. Securities and Exchange Commission (SEC) is pressing charges against two crypto executives in its first-ever decentralized finance (DeFi) securities case. In a new press release, the SEC says that it charged two Florida men and their Cayman Islands company for unregistered sales of more than $30 million in securities using smart contracts and …
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