The Shiba Inu cryptocurrency, which originated as a meme, has established a solid presence in the market. Currently, it is making waves with the upcoming launch of ‘Shibarium.’ Recent data from IntoTheBlock reveals that the crypto’s whales, entities holding large quantities of tokens, have been involved in significant movements, transferring billions of SHIB tokens in
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In a significant development, Ripple, the renowned blockchain-based payment company, has recently made the critical decision to remove the particulars of its XRP transactions from its quarterly reports. This move comes as a direct consequence of the ongoing legal feud between Ripple and the U.S. Securities and Exchange Commission (SEC). Ripple’s July 31 report candidly
Cryptocurrency exchange Binance has been making waves in the market, with CEO Changpeng “CZ” Zhao expressing his intention to introduce smaller algorithmic Stablecoins. This move aims to provide investors with alternatives to the existing global Stablecoin giants such as Tether and Binance USD. In a recent Twitter “Ask Me Anything” (AMA) session, CZ highlighted concerns
Shibie Coin ($SHIBIE) is an intriguing new meme cryptocurrency that aims to attract a passionate and bold community of investors. This innovative cryptocurrency gets its name from a playful combination of two iconic characters: the Shiba Inu dog and Barbie. By capitalizing on the popularity of these cultural icons, Shibie Coin sets out to create
The price of Bitcoin (BTC) has been experiencing fluctuations within a narrow trading range for several days, and this trend continues on August 2nd. The price of Bitcoin fell nearly 1% to around $29,500 on this day. However, this downward movement is part of a flat market trend that has been ongoing for the past
Recent reports have sparked a controversy surrounding Binance, one of the world’s largest cryptocurrency exchanges, and its alleged ties to China. The Wall Street Journal (WSJ) claimed that China accounted for a significant portion of Binance’s trading volume, but the exchange has vehemently denied this. In this article, we will analyze the conflicting statements and
Bitcoin, the world’s leading cryptocurrency, has been subject to intense scrutiny and criticism due to its environmental impact. However, Presidential Candidate Robert F. Kennedy Jr. (RFK) Jr. defends Bitcoin against these criticisms, claiming that opponents are using environmental concerns as a pretext to limit financial freedom. RFK Jr. responded to Daniel Feldman’s Twitter thread on
Binance, a beleaguered cryptocurrency exchange, has recently made strides in expanding its reach in Japan. Its Japanese subsidiary, Binance Japan, has launched a new platform dedicated to onboarding new customers in the Asian country. This move comes as Binance faces increasing regulatory challenges from various jurisdictions, prompting its exit from several countries. In November 2022,
Bitcoin SV (BSV) has recently experienced an impressive bounce back from a period of consolidation, thanks to the convergence of support from the 20-day moving average (20DMA) and 200-day moving average (200DMA). Following a challenging month of price action, which resulted in a retracement cascade and a rejection from resistance at $55, BSV found double-bottomed
The Internal Revenue Service (IRS) has recently released new guidelines regarding the taxation of cryptocurrency staking rewards. This move has significant implications for taxpayers who participate in staking activities and receive additional cryptocurrency units as validation rewards. Under the new directives, taxpayers who engage in staking of cryptocurrency native to a proof-of-stake blockchain are required
