The post U.S. Treasury Issues Crypto Tax Regime For 2025, Non-Custodians Need To Wait appeared first on Coinpedia Fintech News
The US Treasury Department has issued its tax regime for crypto transactions, setting up filing rules for digital assets brokers. The new Internal Revenue Services (IRS) rules for crypto brokers require trading platforms, hosted wallet services, and digital assets kiosks to submit disclosures on the movements and gains of customers’ assets. The rule released on …
The Hong Kong Securities and Futures Commission (SFC) has issued a warning to investors regarding three entities suspected of engaging in fraudulent activities related to virtual assets or operating without a license. This development comes as Hong Kong aims to position itself as a crypto hub to create an enabling environment to drive development in […]
The post XRP Price: First Stop $5 And Second Stop $11 If BTC And ETH Skyrocket appeared first on Coinpedia Fintech News
According to several analysts, Ripple’s XRP has been setting up a similar pattern to what was seen from 2014 to 2017, which led to a massive price increase. Furthermore, regulatory clarity in the cryptocurrency space, particularly the conclusion of the SEC’s investigation into Ethereum, also bodes well for XRP. Over the past 48 hours, there …
The post Today’s Top Gainers: QNT, MOG, POPCAT Take the Spotlight appeared first on Coinpedia Fintech News
The crypto market in June has been a tug-of-war between Bulls and Bears. Bitcoin making runs between $60K and $62K, Ethereum’s price is on a downtrend, and other altcoins show mixed signals. As we finally see a positive momentum rising, here are some resilient top gainers that have the spotlight of today. Quant, QNT: Weak …
Onchain Highlights DEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those. Ethereum’s gas usage by NFTs has exhibited significant shifts over the past few years, mainly as […]
The post Will Ethereum NFTs Make a Comeback? appeared first on CryptoSlate.
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The post XRP Price Exhibiting 2017 Vibes While Cardano Price Looking Ready for a Markup Move: Will They Reach $0.5? appeared first on Coinpedia Fintech News
The tokens within the top 10 that have faded over time, Ripple (XRP) and Cardano (ADA), are again strengthening their presence. The prices are slowly inflating during times when the other tokens are consolidating within a narrow range. This suggests the tokens are about to break out of a prolonged accumulation phase, which may end …
The post Judge Amy Berman Jackson Endorses Key Aspects of SEC v Ripple Ruling in Binance Case appeared first on Coinpedia Fintech News
Judge Amy Berman Jackson’s recent comments in the SEC v. Binance case have shed new light on the SEC v. Ripple decision. Pro-XRP lawyer Bill Morgan highlighted key points from Judge Jackson’s ruling, which could have far-reaching effects on the crypto community. Here’s why Judge Torres’ observations in the Ripple case are now seen as …
The post Top 5 Undervalued Altcoins Under $1 with 100x Potential in July appeared first on Coinpedia Fintech News
The Bitcoin price consolidation above $60000 has stalled supply pressure in the crypto market while raising the voice of potential bottom and buy-the-dip. The altcoins market witnessed a notable correction in June amid the Bitcoin miners capitulating and increasing outflow from the US-based ETFs. The BTC price downfall from $72000 to $60000 this month sparked …
The post Ripple vs SEC: Judge Amy Berman Jackson Upholds Ripple XRP Ruling in Binance vs. SEC Case appeared first on Coinpedia Fintech News
In a win for crypto, Judge Amy Berman Jackson has upheld Judge Torres’ landmark decision regarding Ripple’s XRP. A moment everyone was waiting for. The recent ruling in the Binance vs. SEC lawsuit supports Judge Torres’ doctrine that XRP itself is not a security and that programmatic and secondary sales of XRP do not meet …
The post Top Altcoins to Buy in July for 10x Profits appeared first on Coinpedia Fintech News
With a bullish failure to sustain the recovery rally in May, the crypto market tumbled in June. As Bitcoin drops almost 10% this month, the top altcoins are struggling to perform under the bearish influence of the biggest crypto per market cap. However, buyers anticipate a broader market recovery in July because of the underground …
In the last week, the price of Bitcoin took a significant nosedive, recording a 7% loss to trade as low as $59,478. According to data from CoinMarketCap, Bitcoin attempted a rebound following this dip but has since been stuck in consolidation between $60,100 – $62,300. Commenting on this development, John Bollinger, inventor of the Bollinger Bands, a popular technical momentum indicator, has provided potential insights into Bitcoin’s next movement as investors continue to await the much-expected crypto bull run. Related Reading: Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal? Bitcoin To Remain In Consolidation, Bollinger Says In an X post on June 28, Bollinger predicted the price of Bitcoin will maintain its current range-bound movement. The prominent analyst made this projection based on the absence of a price bound following a two-bar reversal at the lower Bollinger Band. For context, the Bollinger Bands consist of three lines (bands) namely a Middle Band which is typically a 20-day moving average of the asset’s price, and an upper and lower band which represent the SMA plus and minus two standard deviations of the price respectively. The Bollinger Bands are primarily used for trend identification and for indicating potential breakouts and breakdowns. Notably in trading, a two-bar reversal is a candlestick pattern showing a potential change in price direction. When this pattern occurs at the lower Bollinger Band, it often suggests that the asset might experience a bounce or a reversal to the upside due to being oversold. However, in the current case of Bitcoin in which there is no price gain following this development, it can indicate continued weakness or price indecision which may cause BTC to remain in consolidation. Generally, such sideways price movements are driven by bearish or uncertain sentiments leading to a lack of buying pressure from investors even at lower prices. In addition, this absence of price bounce also indicates that the current lower Bollinger Band represents a weak support level increasing the risk of a price breakdown. Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal BTC Price Overview At the time of writing, the price of Bitcoin continues to trade at $60,629 with a 1.31% decline in the last day. However, the asset’s daily trading volume is up by 15.95% and is currently valued at $24.8 billion. Notably, Bitcoin lost 11.69% of its value in June as its price dipped below $60,000. However, despite this decline, investors remain resilient in their expectations of a price rally to kick-start the crypto bull season. Notably, a crypto whale recently bought 20,200 BTC at $1.23 billion, showing much confidence in the token’s ability to stage a price rebound and embark on a bullish run. BTC trading at $60,750 on the 4-hour chart | Source: BTCUSDT chart on Tradingview.com Featured image from Shutterstock , chart from Tradingview
The Bitcoin price has been under significant bearish pressure in the past few weeks, and this crypto researcher has explained the role of demand in the market correction. BTC Apparent Demand Is Falling – Cause For Alarm? In a recent post on the X platform, CryptoQuant’s head of research Julio Moreno explained how the latest […]
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The post Biden’s SEC Attacks Crypto Giants: SEC Targets Uniswap, Kraken, and More! appeared first on Coinpedia Fintech News
The U.S. SEC, led by Gary Gensler, has recently alleged that prominent DeFi projects like Lido and Rocketpool qualify as securities. This move adds to a growing list of legal actions against major crypto entities, including Uniswap, Kraken, Coinbase, Metamask, and Robinhood. Lido DAO (LDO) and Rocket Pool (RPL) saw sharp prices decline on Friday, …
The post Shiba Inu Coin Set for Major Comeback? Top Trader Predicts Massive Rally to 2021 Highs appeared first on Coinpedia Fintech News
One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), has ended June with its worst performance since May 2022. By the end of the month, SHIB’s price had dropped over 33%, reaching $0.000017. Despite this decline, top crypto trader Daink predicts an imminent rally for Shiba Inu, projecting a return to its 2021 high …
The post Coinbase Files for CFTC Approval: Introducing Futures for SHIB and AVA appeared first on Coinpedia Fintech News
Coinbase has filed for regulatory approval from the Commodity Futures Trading Commission (CFTC) to offer futures on several altcoins, including SHIB and AVA. This move aims to enhance trading options and attract more institutional investors, with the new futures potentially starting as early as July 15. Expansion of Product Offerings Coinbase’s strategic filling for CFTC …
The post Binance vs SEC: Legal Storm Intensifies, Key Developments Unfold appeared first on Coinpedia Fintech News
Binance is in bigger trouble again! A U.S. court has allowed most of the claims by the US SEC regulators against cryptocurrency exchange Binance. Judge Amy Berman Jackson ruled that claims regarding Binance’s staking program, the sale of its BNB token after its initial coin offering, and anti-fraud violations will move forward. The SEC’s assertion …
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The Bitcoin price suffered significant bearish pressure over the past week, dragging down alongside it a large portion of the general crypto market. The premier cryptocurrency tumbled as low as $59,500 at some point in the week — its lowest in nearly two months. While investors will be hoping that the worst is over, it is difficult to determine whether BTC is ready to resume its bullish run. In any case, a prominent crypto intelligence firm has identified a price level critical to the future trajectory of the Bitcoin price. $56,000 The Ultimate Support Level For Bitcoin: CryptoQuant In a recent report, the blockchain analytics platform CryptoQuant put forward an interesting prognosis for the price of Bitcoin over the coming days. According to the firm, the $56,000 price level is an important level to the future performance of the premier cryptocurrency. Related Reading: Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In The relevant indicator here is Metcalfe price valuation bands, which pinpointed resistance levels and tops in the previous cycle. However, as shown in the chart below, these bands (the red line) acted as a critical support area in May. For context, the Metcalfe Law states that the value of a network is proportional to the square of the number of its users. Basically, this law suggests that the value of the cryptocurrency (Bitcoin) is intrinsically linked to the size and activity of its network. The Metcalfe price valuation bands are derived from this principle, providing a valuation framework associated with the network effect. These bands create a range of price levels that evaluate where Bitcoin should theoretically trade based on the network fundamentals. Historically, these bands have acted as both reliable resistance and support levels in different market cycles. In recent months, the $56,000 level has been a pivot point for the indicator, providing a strong support for the Bitcoin price in May. According to CryptoQuant’s report, the price level might prove to be vital should the premier cryptocurrency face additional downward pressure. However, if the Bitcoin price dips below this level, the market leader could experience a major correction. Bitcoin Price At A Glance As of this writing, the Bitcoin price has returned to around the $60,700 mark, reflecting a 2% decline in the last 24 hours. The coin’s performance on the weekly timeframe is deeper in the red. According to data from CoinGecko, BTC is down by more than 6% in the past week. Nevertheless, the cryptocurrency ranks as the largest asset in the sector, with a market capitalization of over $1.18 trillion. Related Reading: Steam’s Clicker Game Sensation Opens Debate About NFTs And Crypto Gaming Featured image from iStock, chart from TradingView
The US Securities and Exchange Commission (SEC) has intensified its legal battle with the crypto industry by filing a lawsuit against ConsenSys, a blockchain firm known for its MetaMask wallet product and its focus on the Ethereum network. The SEC alleges that ConsenSys violated federal securities laws by operating as an unregistered broker and dealer […]
On-chain data shows users on the Bitcoin blockchain had to pay the same total fees as Ethereum this past quarter. Bitcoin Users Paid $440 Million In Transaction Fees Last Quarter As market intelligence platform IntoTheBlock pointed out in a new post on X, Bitcoin has registered a sharp jump in transaction fees this past quarter. […]
The post Altcoins Almost 100% Away From Previous ATHs; What Does This Indicate? appeared first on Coinpedia Fintech News
Recently, altcoin sentiment has been a hot topic due to their performance, with June being particularly volatile. Bitcoin is currently 25% away from reaching a new all-time high (ATH). In contrast, altcoins are almost 100% away from their previous ATHs. Will this change anytime soon? With this in mind, let’s look at the second-largest cryptocurrency, …
The post SEC Charges Lido and Rocket Pool for Unregistered Securities Offerings appeared first on Coinpedia Fintech News
The SEC in its recent filing noted that The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts of Lido and Rocket Pool, respectively. But still, neither …
The post BTC Back To 60K Support Region, Ether ETF Remains Bullish Catalyst: QCP appeared first on Coinpedia Fintech News
QCP in its weekend brief noted that an onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. The market has to deal with overwhelming supply from the Mt. Gox unlocks and the selling by government bodies. In its view, the scary supply numbers are probably overstated, and …
The realm of cryptocurrency ETFs appears to be now expanding, yet not all digital assets are poised for an easy transition into this financial product. GSR’s recent analysis of the potential for ETFs across various crypto has brought forward insights that place XRP and Cardano in a challenging position for ETF adaptation. Using a comprehensive […]
The post Altcoins Holding Market Expectations: Quant (QNT) & Arweave (AR) Prices Surge High! appeared first on Coinpedia Fintech News
The bears are slowly squeezing all the profits gained in the past few days, indicating the markets are approaching the peak of the consolidation. Therefore, some of the altcoins have already initiated a bullish breakout. Quant has reached the end of the consolidation and hence a breakout was pre-programmed. Meanwhile, Arweave is trying to maintain …
The post Tech Companies Confidence In Hong Kong’s Virtual Asset Market appeared first on Coinpedia Fintech News
A large number of technological companies have returned to Hong Kong in the past year which shows their confidence in the future development of Hong Kong’s virtual asset market. The financial director of OSL group underscored Hong Kong’s advantages in developing the virtual asset market. He also stated that the SAR government’s declaration on virtual …
Judge Amy Berman Jackson, however, dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
The post Bitcoin Price Prediction: No Confirmation Of Bullish Reversal, Major Crash To $56k On Cards appeared first on Coinpedia Fintech News
Analyst Josh of Crypto World took to his latest analysis and revealed that Bitcoin is still showing a short-term bearish signal, repeating its past price movements. He said that over the last day, nothing major has changed. Examining the daily Bitcoin chart, he saw that the DXY (U.S. Dollar Index) is trending upwards, forming higher …