Browsing:Crypto News

Solana's network reaches an all-time high with 51.63 million daily transactions
5 months ago 1 min read

Solana’s network reaches an all-time high with 51.63 million daily transactions

Solana (SOL) has made headlines by breaking a new daily transaction record, demonstrating strong interest in the crypto community. Solana’s network reached an all-time high with 51.63 million daily transactions. This performance propelled Solana’s price to $59.58, resulting in a weekly gain of 1.53%. Solana’s trading volume reached $1.2 billion, demonstrating its significant market presence. Despite a retracement, the overall outlook for Solana remains positive, with the coin currently trading in the $52.21-$59.48 range. Analysts anticipate a retest of the $60 level in the coming weeks as the coin trades above the 50 and 200-day EMAs. Meanwhile, Ethereum (ETH) has

Ripple's Release of 1 Billion XRP Sends Ripples Across Crypto
5 months ago 1 min read

Ripple Unlocks 1 Billion XRP Tokens: What Does This Mean for the XRP Community?

Ripple Labs, the company behind XRP, has restarted its monthly release program, releasing 1 billion XRP tokens from its Escrow reserve. This routine transaction, revealed by leading cryptocurrency tracker Whale Alert, occurred in three consecutive whale transactions. The first transaction resulted in the release of 200 million XRP tokens worth $120.4 million. The second transaction followed quickly, revealing 300 million tokens worth around $180.6 million. The final whale transaction from the escrow account released a massive 500 million XRP tokens with a $301 million estimated value. The total unlocked tokens are worth $610 million at the current market price. Ripple

The Brazilian Senate has approved a new tax regulation that will levy a 15% tax on cryptocurrency earnings from international exchanges.
5 months ago 1 min read

Brazil Implements 15% Tax on Crypto Gains

The Brazilian Senate has approved a new tax regulation that will levy a 15% tax on crypto earnings from international exchanges. These regulations could go into effect on January 1 if President Luiz Inacio Lula da Silva approves them. The bill was passed unanimously by the Chamber of Deputies. Brazilians will face a 15% tax obligation under the proposed rules if their profits from transactions on foreign crypto exchanges exceed $1,200. The government hopes to raise $4 billion in revenue from these taxes in the coming year. Despite its approval, the new tax law has been criticized by Senator Rogerio

Michael Saylor
5 months ago 1 min read

The chairman of MicroStrategy announces the acquisition of an additional 16,130 BTC for a total of $593.3 million

Michael Saylor, the chairman of MicroStrategy, has announced the acquisition of an additional 16,130 BTC for a total of $593.3 million in the cryptocurrency market. This transaction was completed at an average price of $36,785 per Bitcoin. MicroStrategy’s Bitcoin holdings had increased to 174,530 BTC as of November 29, with a total investment of more than $5.28 billion. Their portfolio’s average cost per Bitcoin is $30,252. This recent acquisition demonstrates MicroStrategy’s unwavering belief in Bitcoin and solidifies its position among prominent corporate Bitcoin holders. This latest development follows MicroStrategy’s recent purchase of 155 Bitcoin for $5.3 million, emphasizing the company’s

Swiss Firm Pando Asset Joins Race for U.S. Bitcoin ETF
5 months ago 1 min read

Swiss firm Pando Asset Files for Bitcoin ETF, Analyst Worry about the Impact

Pando Asset, a Swiss asset manager, has entered the race for a Bitcoin exchange-traded fund (ETF) in the United States, indicating the continued surge in interest in such offerings. On November 29, the company submitted its bid, aiming to establish a fund that mirrors Bitcoin price movements, with Coinbase managing the Bitcoin holdings. Pando Asset is now the 13th contender seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, joining major players such as BlackRock, ARK Invest, and Grayscale. On the same day, investment firm BlackRock was in discussions with the SEC about its own

AntPool to Return $3 Million Bitcoin Transaction Fee
5 months ago 1 min read

AntPool to Return $3 Million Bitcoin Transaction Fee

Bitcoin mining cooperative AntPool has decided to refund last week’s record-breaking $3 million transaction fee, subject to user verification. A user unintentionally paid an exorbitant fee, setting a new USD record for a single Bitcoin transaction. On November 23rd, a user submitted 83 BTC as a gas fee, prompting AntPool’s risk control system to freeze the fee during transaction packaging temporarily. To receive the refund, the original owner of the funds must use a signing tool such as Electrum or Bitcoin Core to verify their identity and send the signed text to AntPool’s support email address before December 10, 2023.

Crypto Whales Flock to InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) for Big Investments
5 months ago 1 min read

InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) Emerge as Whales’ Favorites in Crypto Investments

According to recent on-chain data, large-scale investors, known as “whales,” are actively engaging with promising crypto projects. Notable projects attracting attention include InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA), all of which present appealing options for long-term gains. QUBE (InQubeta): InQubeta stands out for its innovative approach to facilitating financial access for AI startups in the cryptocurrency space. InQubeta has captured whale interest, as evidenced by the success of its ongoing QUBE presale, which has raised over $5.3 million. The project’s NFT marketplace, which facilitates equity-based NFTs for AI startups, adds to its appeal, as do opportunities for

Binance exchange announced that it would no longer support the Binance USD (BUSD) stablecoin.
5 months ago 1 min read

Binance to Discontinue BUSD Stablecoin Services in December

On December 15, Binance announced that it would no longer support the Binance USD (BUSD) stablecoin. This action follows regulatory challenges faced by BUSD’s issuer, Paxos, earlier this year, which resulted in an order to halt the stablecoin’s minting. Back in August, Binance outlined its phased approach to gradually withdrawing support for the BUSD by February 2024. During this time, users were encouraged to switch to another stablecoin, FDUSD. Notably, Binance is making the conversion free of charge. Despite Binance’s decision, Paxos has assured users that BUSD will be supported and redeemable until at least February 2024, as stated in

Dogecoin (DOGE) memecoin has reached a significant milestone, surpassing 5 million addresses
5 months ago 1 min read

Dogecoin (DOGE) Surpasses 5 Million Addresses

Dogecoin (DOGE) memecoin has reached a significant milestone, surpassing 5 million addresses, according to on-chain analytics firm IntoTheBlock. This achievement is accompanied by notable increases in completed transactions and active addresses on the DOGE network. Over the last 10 days, the number of completed transactions has experienced an extraordinary 1,000% surge, reaching an all-time high. Concurrently, the quantity of active addresses on the network has nearly doubled, totaling 168,000—a peak not witnessed since March 2022. While these metrics showcase the growing prominence of DOGE, a persistent concern revolves around the issue of concentrated ownership. With fewer than 5,000 addresses controlling

Can Bitcoin (BTC) reach $40,000 before December?
5 months ago 1 min read

Can Bitcoin (BTC) reach $40,000 before December?

Despite significant volatility throughout the year, Bitcoin has recovered a significant portion of its losses from the 2022 market crash. Bitcoin’s price is currently over $38,200, representing a 130% increase from its value on January 1, 2023. While this recovery is noteworthy, crypto has recently experienced fluctuations. Some market analysts believe Bitcoin’s current rise is only the beginning and that it will soon reach new highs. The impending halving and the potential approval of a spot Bitcoin ETF in the United States are cited as potential catalysts for the next bull run. Analysts have noticed an interesting trend in Bitcoin

Binance is in hot water in the Philippines after the country's SEC revealed that the platform has been operating without approval
5 months ago 1 min read

Binance Faces Regulatory Heat in the Philippines: SEC Warns Public About Unlicensed Operations

Binance crypto exchange is in hot water in the Philippines after the country’s Securities and Exchange Commission (SEC) revealed that the platform has been operating without the necessary approval or license. In a public warning issued on November 28, the SEC clarified that Binance lacks authorization to sell securities in the Philippines. According to the SEC, any exchange, including Binance, must register with the agency and provide information about the securities it intends to offer to the public. This includes critical details such as the issuance price and the type of securities. The Philippines’ Securities Regulation Code (SRC) requires securities

AI Token Trading Explodes Hits $3 Billion in Surging Volume
5 months ago 1 min read

Artificial Intelligence Tokens Skyrocket with a 200% Surge, Breaking $3 Billion in Trading

The weekly trading activities of crypto projects centered on artificial intelligence (AI) have increased dramatically in the last six weeks. AI-related crypto assets such as Render (RNDR), Worldcoin (WLD), and Fetch.ai (FET) have been leading the pack in terms of trading volume, according to Kaiko, a prominent on-chain analytics firm. According to the data presented in Kaiko’s tweet, the trading volume of AI tokens was initially less than $1 billion in early October. However, a significant and consistent increase propelled weekly trading volume to more than $3 billion this month, representing a remarkable 200% increase. The chart shows that the

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