In a recent strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation. This decision, revealed during a press conference on Feb. 19, aims to explore the possibility of postponing the commencement
Trading
The Bitcoin open interest has experienced a significant surge in recent weeks as the price of the cryptocurrency continues to climb. This spike in open interest is a clear indication of the growing interest in Bitcoin, particularly following the approval of Spot Bitcoin ETFs for trading by the SEC in the United States. As per
Recently, the popular cryptocurrency exchange Binance made an announcement regarding the discontinuation of trading and subscription services for its leveraged token offerings. This decision affects tokens such as Bitcoin, Ethereum, and BNB Coin, with the deadline set for Feb. 28. The exchange plans to delist these tokens and stop redemption by April 3. Among the
Bitcoin (BTC) has recently surpassed the $50,000 mark, showing a significant increase in its value since December 2021. The cryptocurrency is currently trading above $51,900, indicating a positive trend in the market. Analysts from CryptoQuant have linked this surge to the approval of spot Bitcoin exchange-traded funds (ETFs), which have attracted high demand from investors.
Bitcoin mining difficulty has been steadily increasing over the past several years, with no signs of slowing down. Just recently, the metric soared to a new all-time high of over 81T, marking an 8.2% increase. This rise showcases the network’s robustness, particularly as the fourth halving approaches. Despite challenges like the Chinese ban on crypto
During the Exchange ETF conference in Miami Beach, a discussion between Matt Hougan and Ric Edelman shed light on the future potential of spot Bitcoin ETFs. Edelman boldly predicted a massive influx of $150 billion into spot Bitcoin ETFs by the end of 2025, a significant leap from the current $5 billion. This surge is
XRP’s price recently saw an increase above $0.57 within a 24-hour period, only to be pulled back down to around $0.56 by sellers. Despite this pullback, the price still marked a significant increase of over 10% since February 9th when it was trading below $0.52. This price volatility is not uncommon for XRP, a cryptocurrency
Coinbase, one of the major US crypto exchanges, recently released its financial report for the fourth quarter of 2023, shedding light on its performance over the year. The report revealed some key insights into the company’s financial health and growth trajectory. In Q4 2023, Coinbase reported a net income of $273 million and an adjusted
The recent performance of Cosmos (ATOM) has raised concerns among its investors due to a 1.7% decline in the past 24 hours. The cryptocurrency has been trading in a narrow range between $8-12, contrary to the bullish trends seen in other coins. Despite a recent rebound from the 20-day moving average (DMA) support level of
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart. This pattern is considered a strong bullish signal by market analysts and traders. The ‘Cup’ part of the pattern started forming in March 2022 when the price dipped below $48,000,