Global #Cryptocurrencies

While the crypto market chills, a major whale is on a buying spree! This mystery investor scooped up $120 million worth of various cryptocurrencies, including Shiba Inu, PEPE, Ethereum, and more.

The global cryptocurrency market is witnessing a resurgence in interest, as evidenced by a significant surge in cryptocurrency ATM installations in 2024.

In the ever-evolving world of cryptocurrencies, analysts are constantly seeking the next big investment opportunity. Recently, Shiba Inu (SHIB) has emerged as a potential contender, with some experts predicting the meme coin could see gains of up to 40 times its current value.

The U.S. Department of the Treasury and the Internal Revenue Service (IRS​) have released the final regulations regarding tax reporting requirements for digital assets, such as cryptocurrencies.

Cryptocurrencies took a tumble today, despite a seemingly positive economic indicator. The U.S. releasing lower-than-expected inflation data did little to buoy the market, leaving investors scratching their heads, while other major players like Ethereum and Dogecoin also experienced significant losses.

While headlines blare about the successful launch of several Bitcoin ETFs in 2024, a deeper look reveals a potential hitch. A recent Blockworks article argues that Wall Street, while comfortable with Bitcoin itself, might be underprepared for the complexities of managing crypto ETFs.