Jake Chervasury, the Chief Legal Officer at Variant Fund, anticipates that the Internal Revenue Service (IRS) could soon face a legal challenge due to its belief that numerous cryptocurrency owners are currently avoiding paying taxes on their digital assets. US IRS Maintains Surveillance To Enforce Tax Compliance Chervinsky noted that the Internal Revenue Service (IRS) … Read more
Over the past week, Ethereum, the second largest cryptocurrency, has been hovering around the same price range, attempting to stay above the joint support of $2875 and the 38.2% Fibonacci retracement level. Despite strong support and the conclusion of Bitcoin‘s fourth halving, ETH experienced a slight surge, reaching $3144 this weekend – marking an increase … Read more
The long-awaited Polkadot runtime update has been activated on the mainnet. Surprisingly, this update caused an unexpected pause in the functioning of the blockchain’s parachains. Expectations from Polkadot Runtime Upgrade Around 10:27 am UTC on April 21, Moonbeam Network reported that an upgrade to Polkadot’s runtime halted block production on several competing parachains, including their … Read more
On Apr. 20, Bitcoin managed to generate a staggering $78.3 million worth of fees. For comparison, Ethereum comes in a distant second place with $3.2 million. After the Bitcoin halving event, Ordinals’ creators introduced a significant surge in activity with the launch of Bitcoin Runes – a new protocol that enables the generation of fungible tokens … Read more
The US Senate passed a decision to renew Section 702 of the Foreign Intelligence Surveillance Act (FISA). This action has ignited extensive discussions and apprehension from civil rights activists and crypto enthusiasts. Under Section 702, initially passed for antiterrorism purposes, the US administration obtains extensive power to gather information from companies such as Google and … Read more
Bitcoin Reaches Milestone: On April 19th, 2021, Bitcoin, the leading cryptocurrency by market capitalization, underwent a significant event called “halving.” During this process, the reward for mining new Bitcoin transactions is decreased by half. The first reduction from 6.25 to 3.125 bitcoins per block is intended to curb inflation and mimic the price appreciation seen … Read more
The week is about to close bullish for most coins, according to CoinStats. DOGE/USD The price of DOGE has risen by 3.76% since yesterday. On the hourly chart, Dogecoin’s price hovers around the nearby support of $0.1583. Should the day’s closing price approach this level, the downward trend could extend towards $0.1550 in the near … Read more
Over the past 24 hours, Ethereum (ETH) price in the cryptocurrency market has experienced a significant increase of 3.66%, resulting in a current value of $3,175. This price hike aligns with the recent activation of an old Ethereum wallet that had lain dormant for approximately 8.7 years. As per information from crypto monitor Whale Alert, … Read more
Lately, Cardano’s price (ADA) has broken through the important $0.50 mark per token in a noteworthy development for this widely used cryptocurrency. Over just the past two days, ADA underwent a remarkable surge, increasing by almost 20% since its previous lows. After a time of instability for ADA, during which it faced volatile market swings, … Read more
Over the past few months, the meme coin market has experienced a significant correction. Popular coins such as DOGE, SHIB, and BONK have underperformed, making it difficult for PEPE, the frog-themed coin, to break free from the downturn. Despite the bearish trend, PEPE is showing signs of potential recovery. Will A Bull Cycle Break The … Read more