The Biden administration recently unveiled its proposed budget for 2025, containing significant provisions aimed at regulating digital assets. These regulations are projected to result in an increase of nearly $10 billion in tax revenue by 2025. The primary objective of these measures is to address a loophole that has allowed affluent crypto investors to exploit
DeFi
Elon Musk’s companies, Tesla and SpaceX, have been making waves in the cryptocurrency world with their substantial Bitcoin holdings. According to a recent report by Arkham Intelligence, Tesla purchased $1.5 billion worth of BTC in January 2021. Since then, the automotive company has made multiple transactions, selling off portions of its Bitcoin holdings. Arkham Intelligence’s
Travala, a leading travel agency, has made a groundbreaking move by introducing Bitcoin cashback rewards for its users. This initiative is set to redefine how we view loyalty programs and travel rewards in the industry. Travala’s partnership with the AVA Foundation showcases their dedication to innovation and customer satisfaction. The AVA Smart Program, designed to
After a significant drop in Cardano (ADA) value, Dan Gambardello, a well-known crypto analyst, has shared his thoughts on the implications of this setback for the broader cryptocurrency bull market. Gambardello sees this pullback as a positive sign, drawing parallels to historical patterns that could indicate a bullish market for ADA. He highlighted the similarities
Cardano has recently made waves in the cryptocurrency market, reaching a 2-year peak of $0.78 on Mar. 5. This surge in price has outperformed other altcoins, including Solana, in terms of weekly gains. As Bitcoin dominance wavers, investors have begun diversifying their portfolios, turning their attention to mega-cap Layer-1 altcoins like ADA. One of the
Despite facing tough competition from Bitcoin and meme coins, XRP has seen a surge of 20% in a week. Analysts like Dark Defender and Alex Cobb have pointed out key technical indicators, such as MACD and Ichimoku, suggesting a possible uptick in XRP’s value. Dark Defender believes that XRP might break the $1 mark by
Friend.tech, a Web3 social platform, has made headlines with its recent decision to grant users full control over their tokens. This move, which saw investors waiving their rights to sell tokens, has sparked discussions within the community and raised hopes for a potential revival amidst declining activity on the platform. The platform’s announcement has been
ZTX, a Web3 social metaverse platform, is gearing up for the relaunch of its digital landscape with an innovative take on virtual real estate. The upcoming ZTX beta application will bring forth the highly anticipated ZTX Genesis Homes to its vibrant virtual world. These digital houses, totaling 4,000 in number, boast a unique set of
After Apple announced the cancellation of the Apple Car project, the Solana meme coin market saw a surge in TESLA token traders. The excitement in the crypto market led to a 500x pump for TESLA price in less than a day. This spike in price was supported by positive sentiment following Elon Musk’s update on
In the recent cryptocurrency market landscape, the tearaway dragon coin $SMOG made significant strides over the weekend, setting a new all-time high (ATH) of above $0.127. This substantial increase marked a bullish trajectory for $SMOG as it gained momentum during the meme season. Furthermore, the surge in price propelled $SMOG’s circulation-adjusted market cap towards the