Ethena, a synthetic dollar protocol built on the Ethereum blockchain, has gained a lot of attention for issuing the stablecoin USDe. The goal of this asset is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. With its market capitalization soaring to over $2 billion shortly after
Mining
In a recent forecast for Bitcoin, cryptocurrency expert and trader, Ali Martinez, has outlined a potential scenario that could drive the price of the digital asset to an impressive $86,000 in the near future. This optimistic outlook has sparked excitement and speculation within the cryptocurrency community, as investors eagerly anticipate a significant upward trend in
A recent analysis conducted by Bybit, a prominent crypto exchange, has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024. The report highlights that if the current demand for Bitcoin continues at its current pace, reserves could be completely exhausted within the next nine months, with an approximate withdrawal
Bitcoin’s market capitalization has been making headlines recently, hitting an all-time high of over $1.43 trillion and currently standing at around $1.32 trillion. With the upcoming halving event, many are speculating on whether BTC’s market cap could reach $3 trillion. While some industry participants are optimistic about this possibility, others, like Marathon Digital’s CEO Fred
The impact of Bitcoin Halving events on the flagship cryptocurrency’s price has been a topic of ongoing debate among analysts and experts. According to lead analyst Hannah Phung from SpotOnChain, historical data suggests that Bitcoin’s price tends to increase significantly around 6 to 12 months after the Halving event, rather than immediately. Past Halving events
Slothana has quickly emerged as the latest meme sensation on the Solana network, capturing the attention of meme coin enthusiasts who are eagerly stacking Slothana (SLOTH). This 420-friendly token has gained significant traction ahead of Bitcoin’s halving and the international stoner day on April 20. In just three weeks since its initial coin offering (ICO)
The SuiPlay0x1 is a groundbreaking portable gaming device developed by Playtron, in collaboration with Mysten Labs. This innovative device is set to transform the handheld gaming industry by offering a cost-effective, versatile operating system that caters to both traditional and blockchain games. One of the standout features of the SuiPlay0x1 is its seamless integration with
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge
The CEO of Marathon, the largest crypto mining firm in America, emphasized the significant impact of spot Bitcoin ETF approvals on the market. Fred Thiel mentioned in an interview with Bloomberg that the approval of ETFs has attracted capital into the market and expedited the price appreciation that would typically occur after a halving event.
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