Bitcoin has been consolidating over the past month, unable to sustain its rise beyond $73,000. However, Michael Van De Poppe predicts a surge in the short term, with the potential to reach $300,000 in this bull cycle. The upcoming Bitcoin Halving, set to happen in less than 12 days, is fueling optimism within the crypto
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In a recent announcement by the Swedish tax authority, Skatteverket, concerning the Value-Added Tax (VAT) treatment of Non-Fungible Tokens (NFTs), there has been a comprehensive ruling regarding the taxation of these digital assets. The authority specified that the standard 25 percent tax rate applies to NFTs associated with digital works. The ruling highlighted that an
The article discusses the recent performance of Solana meme coins in the cryptocurrency market. It highlights that while Bitcoin and Ethereum have seen gains of around 4% and 7% respectively, Solana has only added about 1.7% to its value overnight. Furthermore, it mentions that Solana meme coins like DogWifHat, Bonk, BOOK OF MEME, and Jeo
Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the first quarter of 2024. According to the latest report by Flipside, these two blockchain platforms have attracted a significant number of new users compared to other EVM chains since the beginning of the year. With Polygon
Cardano (ADA) has recently reached a significant milestone by processing 88.6 million transactions to date. This achievement is crucial as it showcases sustained network activity, which can have a positive impact on ADA’s price. Additionally, with 1,353 projects actively building on the network, the ecosystem is set to expand further as new users join through
Policymakers are constantly faced with the challenge of regulating emerging technologies such as blockchain and AI while trying to strike a balance between innovation and security. However, there is a persistent disconnect between policymakers and technology, resulting in the oversight of crucial aspects of new technologies. This disconnect is evident in the recent actions of
Bitcoin, the pioneer cryptocurrency, started the year 2024 on a high note, surging by a staggering 73% in the first quarter to hit a new all-time high price of $73,750. Despite a subsequent correction from this peak due to volatile price movements, major BTC stakeholders have continued to show a consistent pattern of accumulation in
The Bitcoin halving is a crucial event that occurs approximately every four years to slow down the creation of new BTC. This built-in mechanism aims to ensure that the last Bitcoin will be mined over a hundred years from now. The reduction in production speed, combined with constant or increasing demand for the asset, theoretically
As the crypto market continues to evolve, investors are constantly on the lookout for the next big thing. With Dogecoin (DOGE) losing some of its charm, attention has shifted towards a new meme coin called Sponge (SPONGE). This exciting new token has been gaining traction in the market, with investors eyeing potential returns of up
FTX creditors are expressing strong disapproval of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. The offloading of 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading represents a substantial 62% markdown from the current market