Chainlink (LINK) has been trading around the $10 mark for several days, reflecting a notable 25.91% drop over the past month. This persistent decline has left investors and traders alike watching closely for signs of recovery or further decline. Traders’ Sentiment and Funding Rate In recent market movements, Chainlink’s Funding Rate has become a focal … Read more
Poodlana, the rapidly growing meme coin on Solana, is set for an exciting debut on Raydium this Friday. Following a highly successful token sale that has raised over $7.9 million, Poodlana is poised to make a significant impact in the cryptocurrency space. This article explores the upcoming listing, the anticipated trading platforms, and what makes … Read more
Ethereum (ETH) has recently been trading 25% above its eight-month low of $2,112, which was reached on August 5, 2024. Despite this rebound, notable analysts are suggesting that the altcoin may face significant downward risks in the near future. This article delves into the latest predictions from prominent cryptocurrency analysts, including Peter L. Brandt and … Read more
Ripple Labs, a leading force in the cryptocurrency sector, has issued a crucial alert for all XRP holders, raising concerns across the altcoin market. This recent warning from Ripple underscores the importance of vigilance in light of the recent legal victory against the U.S. Securities and Exchange Commission (SEC), and highlights an alarming surge in … Read more
Recent election disclosures have shed light on former President Donald Trump’s significant involvement in the cryptocurrency and NFT markets. According to filings, Trump holds between $1 million and $5 million in Ether (ETH). Arkham Intelligence has pinpointed his Ether holdings at approximately $3.6 million, highlighting his substantial investment in the digital asset space. In addition … Read more
The IRS has recently introduced new regulations aimed at streamlining the income tax return process for cryptocurrency investors. These updates, set to take effect in the fiscal year 2025, promise to enhance clarity and reduce the administrative burden associated with reporting digital asset transactions. Key Changes to the 1099-DA Form The new rules bring significant … Read more
As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry. Concurrently, Democratic nominee Kamala Harris’ campaign … Read more
Facebook’s parent company, Meta, has rejected recent claims suggesting that over half of crypto ads on its platform are scams. The Australian Competition and Consumer Commission (ACCC) had asserted in a federal court filing that 58% of the crypto ads reviewed were fraudulent. Meta, however, argues that this data is outdated and does not accurately … Read more
Alabama Representative Mike Shaw, R-Hoover, has announced his intent to introduce legislation aimed at regulating cryptocurrency and blockchain technology in the state. This move comes just a month after a key meeting involving crypto stakeholders, including lawmakers and businesses, to explore regulatory frameworks for the burgeoning industry. Shaw’s Legislative Plans In a recent town hall … Read more
Cardano (ADA) has recently reached an all-time high (ATH) in a critical on-chain metric, suggesting that a notable rally could be on the horizon despite the token’s recent underperformance. According to market intelligence firm IntoTheBlock, nearly 40% of ADA’s total supply is now held by long-term investors—those who have held their tokens for over a … Read more