It is unfortunate to hear that the DeFi projects, Cover and Ruler, are shutting down after their development team exits. This news has had a significant impact on the price of their tokens, with COVER plummeting from $268 to $228, and RULER crashing from $10.68 to $1.37, as reported by CoinMarketCap.
Trong buổi điều trần trước Thượng viện được tiến hành với Mitt Romney, Giám đốc Cục điều tra Liên bang Christopher Wray nhận định rằng tiền điện tử là một vấn đề quan trọng và có khả năng trở thành một vấn đề ngày càng lớn đối với cơ quan thực thi pháp luật.
Crypto news and data provider, The Block, has been acquired by Foresight Ventures for $70 million. With this new investment, The Block aims to expand its presence in Asia and the Middle East, while also developing innovative products. CEO Larry Cermak is excited for the future as the company strives to reach new heights in the cryptocurrency industry.
@thisisgoingtob1 UPS đã gửi một lô hành xác bò từ Kansas đến một nhà hàng ở Tokyo, và được theo dõi và giám sát bằng công nghệ blockchain nhờ sự hợp tác với công ty HerdX.
With the deadline approaching for the US Securities and Exchange Commission's decision on a Bitcoin ETF, expectations are high. Analyst Alex Kruger presents a base case scenario where a positive approval would result in an immediate upside move in Bitcoin's price. However, he also speculates that the price might drop below pre-approval levels into the launch, cleaning up leveraged monkeys. Kruger believes that sooner rather than later would make more sense for the launch. In the event of a SEC rejection, he warns of a rapid price collapse. Despite the uncertainty, Bitcoin's performance in 2023 has been outstanding, outperforming traditional assets and rallying from $28K to nearly $45K. With a strong Sharpe Ratio, Bitcoin remains a highly sought-after asset.
The recent lifting of the crypto transaction ban by the Central Bank of Nigeria presents a great opportunity for Yellow Card, the Nigerian crypto exchange, to gain more legitimacy and integration with the traditional financial system. With increased banking support, the peer-to-peer market will evolve, fostering competition and innovation in the Nigerian crypto space. Yellow Card anticipates a spike in cryptocurrency usage in Nigeria by 2024, thanks to the CBN's new guidelines. This will create a more structured and regulated environment for crypto transactions. The reentry of banks will also bring increased competition and transaction efficiency, which will benefit the ecosystem. The CBN guidelines may also lead to collaboration between traditional financial institutions and the crypto space, opening the doors for greater integration and cooperation between the two sectors.
Traders in the NFT market are utilizing tax loss harvesting to sell their worthless tokens in order to offset capital gains on their taxes before the year-end deadline. With many NFT projects abandoned or inactive, there is a growing need for platforms like https://t.co/zF85cxLmWm, Unsellable NFTs, and Sol Incinerator, which aim to purchase these worthless NFTs to assist traders. Traditional investors have long been strategic in tax planning, but NFT investors, who often lack experience in end-of-year tax strategies, can benefit from these services. Each platform has a different business model, with Unsellable offering to buy NFTs for one penny and charging a service fee, while Harvest pays one gwei for each NFT sold and provides bid tickets as well. These platforms aim to profit from the cyclical nature of the NFT market. As the year comes to a close, it is important for crypto traders to consider their tax obligations, especially with the IRS's increased focus on crypto tax evasion.
On January 4th, Nuls, the versatile blockchain platform, will be holding an Ask-Me-Anything session on X. Nuls is known for its emphasis on modularity and adaptability, making it a preferred choice for businesses seeking to integrate blockchain technology and smart contracts. The platform comprises the microkernel and modular nodes, with the former handling core network mechanisms and the latter enabling customization and scalability. NULS' ChainBox stands out as an innovative blockchain platform that streamlines the implementation of blockchain in businesses, incorporating cross-chain technology and smart contracts. Its ability to facilitate cross-chain interaction empowers different blockchains to seamlessly communicate, exchange data, and transfer assets without a centralized intermediary, offering developers and enterprises a flexible and scalable solution. Within the NULS network, the NULS token plays a vital role in governance, staking, and rewarding network participants for their contributions. Stay tuned for the AMA session and delve into the world of Nuls on January 4th! #CryptoNews
In the rush to secure a spot for the coveted Bitcoin ETF, Invesco Galaxy, Bitwise, WisdomTree, and Fidelity have submitted their Form S-1 applications to the SEC on the last day possible. Invesco Galaxy, WisdomTree, and Fidelity have even announced their authorized participants, with Invesco Galaxy choosing Virtu and JPMorgan, while WisdomTree and Fidelity have selected Jane Street Capital. Despite the SEC's urging to switch to cash, WisdomTree has decided to maintain in-kind share creation and redemption. Furthermore, a price war seems to be brewing among the competitors, as Invesco Galaxy has waived its fee for the first six months and the first $5 billion in assets, while Fidelity has set its fee at 0.39%. This is certainly an exciting development in the cryptocurrency world.