Author: News Room
The global crypto market cap stands at a robust $2.68 trillion, marking a 3.51% surge over the past day. Bitcoin, the market’s bellwether, has breached $71,000 for the first time since mid-March, while Ethereum is testing the upper limits of a horizontal channel at its current $3,681 price. Long-time watchers of the digital assets space may have also noticed something interesting as of late: cryptocurrencies that thrived in the 2017 bull run and subsequently faded into obscurity are making a comeback. NEO, often dubbed the “Chinese Ethereum,” is a prime example. The cryptocurrency has surged 33.5% in the last 24…
Gabriel Attal, the Prime Minister of France, has announced that there will be a potential new tax on income, but it is not yet clear if it will also involve cryptocurrencies. Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal and taxation on income (possibly also crypto) to reduce France’s deficit The AMF survey on crypto adoption in France Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal, the Prime Minister of France, announced to the Renaissance group of the…
On April 9, Sarah Kunst, the Managing Director at Cleo Capital, shared her insights on Bitcoin and the broader crypto market during an interview on CNBC’s “Worldwide Exchange.” Kunst began by addressing the significant activity in the cryptocurrency sector, including the upcoming Bitcoin halving and the potential for spot Ethereum (ETH) ETFs. She emphasized the widespread resurgence across various cryptocurrencies, not just Bitcoin, noting even lesser-known coins with limited utility have seen substantial gains. Kunst pointed out the cryptocurrency enthusiasts’ preference for Ethereum over Bitcoin due to its ability to support applications, despite Ethereum’s price resurgence not matching Bitcoin’s. It…
In a recent address to Congress, US Treasury Deputy Secretary Wally Adeyemo expressed urgent concerns. He emphasized the risk of increased crypto use by terrorist organizations and hostile nations. Speaking to the Senate Banking, Housing and Urban Affairs Committee, Adeyemo advocated for legislative action. US Treasury Seeks Additional Powers Against Illicit Crypto Transactions Adeyemo highlighted the need to thwart the misuse of crypto by groups like al Qaeda and Hamas, as well as countries such as Russia and North Korea. “We need to build an enforcement regime that is capable of preventing this activity as more terrorists, transnational criminals, and…
According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions […] Read the full article here
TL;DR Ripple’s XRP price rose to $0.64, with its market cap crossing $35 billion. The increase coincides with a miner uptrend of the digital asset market. The price of Ripple’s XRP experienced a substantial revival in the past hour, spiking by 4% and reaching the $0.64 mark. Currently, it trades at approximately $0.63 (per CoinGecko’s data), remaining one of the best performers in the cryptocurrency market today (April 9). Other XRP-related metrics, such as its market capitalization, have logically headed north, too, exceeding the $35 billion level for the first time since March 26. Daily trading volume has also been…
Gold bug and economist Peter Schiff has poured cold water on Bitcoin’s price jump, issuing a comment on X in this vein. Bitcoin (BTC), the largest cryptocurrency by market cap, surpassed $72,000 for the first time since mid-March as its halving event approached. The halving event, which reduces BTC mining rewards from 6.25 BTC to 3.125 BTC, is slated for April 20. It looks like #Bitcoin got pump up overnight following the #gold rally to new record highs, to sucker ETF investors into buying the gap up. Get ready for the dump. — Peter Schiff (@PeterSchiff) April 8, 2024 As…
Birdeye, the analytics powerhouse for crypto trading data, has now incorporated the Sui Network into its expansive coverage portfolio, joining forces with and other pivotal EVM chains. With this strategic move, Birdeye not only ventures into fresh territory but also introduces its vast clientele to one of the most promising networks in the blockchain domain. Charting New Horizons with Sui Sui, a Layer-1 blockchain recognized for its swift transaction capabilities and scalability, aligns seamlessly with Birdeye’s mission to deliver robust and comprehensive data analytics. The decision to embrace Sui stems from its growing prominence in the blockchain community, as evidenced…
General Updates Neo Global Development released the general monthly report for Feb. 2024, which noted Da Hongfei’s article about MEV-resistance, the MEV-resistance community campaign on Meme2Earn, the unveiling of the eight projects joining the Web3.0 Global Acceleration Program, the Lunar New Year NFT reward campaign, the Smart Economy Podcast meetup at ETHDenver, and more. NGD Head of Eco Growth John Wang participated in a panel entitled Constructing the Public Chain Ecosystem in Asia at the Hong Kong Web 3.0 Spring Summit. Neo hosted a booth at the Hong Kong Web3 Festival, where participants could compete for GAS prizes in a…
Ethereum price is gaining pace above the $3,600 resistance zone. ETH could extend its upward move if it clears the $3,725 resistance zone. Ethereum is aiming for more gains above the $3,725 and $3,740 levels. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if there is a close above the $3,725 resistance zone. Ethereum Price Jumps Over 8% Ethereum price formed a base and started a decent increase…