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
The Nigerian Securities and Exchange Commission (SEC) has once again warned that Binance’s operations within the country are illegal, as stated in their recent notice issued on July 28. In this notice, the regulator specifically addresses Binance’s official website, emphasizing that it is not registered or regulated by the Commission and therefore operating illegally in
The IOTA20 token is here to breathe new life into the original Internet-of-Things (IoT) crypto project ecosystem, IOTA. With the 2.0 version theme gaining popularity in the cryptocurrency market, coins like IOTA20 have the potential to deliver significant returns to early buyers. This new token aims to build on the success of its predecessor, which
In a recent report by The New York Times, it was revealed that US Republican Congressman George Santos had made efforts to set up a crypto-related investment deal with a donor during his election campaign in 2020. The scheme, however, ultimately failed as Santos was unsuccessful in his Congressional election bid. Santos and three of
In a significant breakthrough for Binance, the leading digital asset exchange has been granted an Operational Minimum Viable Product (MVP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This comes as a welcome development for the exchange, as it faces regulatory challenges in various European regions such as Germany, the Netherlands, and the U.K. This
In a world where technology is constantly evolving, it’s no surprise that the way we collect and consume music is also changing. With the recent rise of NFTs (non-fungible tokens), music collectibles have entered a new era. This article explores the emergence of on-chain music and its potential to revolutionize the music industry. From empowering
The crypto world has been buzzing with the recent eruption of the BALD coin price. As the first meme coin on the Coinbase Layer 2 Blockchain to go viral, BALD has experienced an astronomical increase in value. At one point, it saw an astonishing surge of 4 million percent, equivalent to 40,000 times its original
U.S. Senator Elizabeth Warren recently reintroduced the Digital Asset Anti-Money Laundering Act, backed by an unlikely ally — the Wall Street banks. The Bank Policy Institute, a financial policy think tank consisting of several banks, has thrown its support behind the legislation, recognizing the need to address the national security risks associated with cryptocurrencies. This
While the cryptocurrency industry continues to thrive and evolve, regulatory clarity has remained elusive for many companies in the United States. However, recent developments indicate a positive shift towards providing a clear framework for these firms. In this article, we will explore the recent approval of two key bills by a United States House panel,
