Vaibhavv Ali
Ethereum co-founder Vitalik Buterin has donated a significant sum of Ethereum (ETH) to Alexey Pertsev, a developer of the cryptocurrency mixer Tornado Cash. According to Etherscan data reported by crypto journalist Colin Wu, Buterin donated a total of 100 ETH to Pertsev on two separate occasions, amounting to approximately $340,000 at the time of the … Read more
Bitcoin’s price trajectory remains uncertain as whale activity and bearish predictions raise concerns. Recent whale movements have caused anxiety about rising selling pressure, as large amounts of Bitcoin transferred to exchanges often precede price drops. This has pushed Bitcoin’s price to hover around $92,000, with resistance at $94,000. Whale movements can also lead to market … Read more
The Internal Revenue Service (IRS) has issued a temporary relief measure to address potential tax complications for cryptocurrency holders using centralized finance (CeFi) brokers in 2025. The relief, as explained by Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, mitigates the impact of new regulations under Section 6045, requiring CeFi brokers to report cryptocurrency transactions … Read more
MicroStrategy (MSTR) shares plummeted over 40% in after-hours trading on Monday, following a proposal to significantly increase its share count to fund a $42 billion bitcoin acquisition strategy. This aggressive approach, fueled by debt and equity issuance, has raised investor concerns about dilution and potential risks. Key Factors: Share Dilution: The proposed share increase … Read more
Bitcoin (BTC) is poised for a significant price surge in 2025, fueled by positive on-chain indicators and a shift in investor behavior. Declining Exchange Reserves Signal Bullish Trend A key factor driving this optimism is the dramatic decline in Bitcoin reserves held on centralized exchanges. These reserves have plummeted from 3 million BTC in January … Read more
The cryptocurrency market continued its volatile ride in 2024, with Bitcoin experiencing a significant pullback after reaching a record high. However, Ethereum demonstrated strength, attracting a growing base of long-term holders. Shifting Tides: Ethereum’s Growing Dominance Data from IntoTheBlock reveals a stark contrast between Bitcoin and Ethereum’s long-term holder trends. While Bitcoin saw a decline … Read more
Ripple (XRP) experienced a significant decline on December 30th, falling over 4% amidst a broader cryptocurrency market downturn. This downturn was primarily attributed to low liquidity and traders securing profits ahead of the New Year. Consolidation Phase After Rally: XRP, which had surged 230% since November following the US election, has entered a consolidation phase. … Read more
Stablecoin issuer Tether made a significant move by transferring nearly $780 million worth of Bitcoin into its corporate reserves, marking its largest Bitcoin acquisition since March. Data from Arkham Intelligence shows Tether’s Bitcoin reserves received two substantial transfers on Dec. 30: one for 7,628.9 BTC and another for 775.6 BTC. These combined transfers total approximately … Read more
Despite the disappearance of “crypto accepted here” signs, cryptocurrency usage is thriving in Venezuela. Citizens increasingly rely on Bitcoin, Ethereum, and USDT for transactions, remittances, and as a hedge against hyperinflation. Crypto as an Economic Lifeline: Escaping Inflation: Venezuelans are turning to crypto to escape the devaluing bolivar, mirroring a trend seen in other countries … Read more
The Tron network has seen a surge in transaction volume in recent months, surpassing competitors like TON following its decline. This growth is attributed to increased activity from both retail and institutional investors, driven by factors such as network efficiency, low costs, and the influx of USDT. Key Factors Driving Tron’s Growth: Increased Transaction Volume: … Read more