A recent analysis conducted by crypto expert CryptoCon suggests a bullish outlook for Bitcoin, with a potential rally to $48,000 by early January. The analysis focuses on the Ichimoku Cloud indicator, which has a history of signaling previous price movements with considerable accuracy. The Weekly Ichimoku Cloud has been especially reliable, accurately predicting the rise
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In the world of blockchain and cryptocurrency, there is no shortage of hype. With so many coins trading off the hype and promises of artificial intelligence (AI), it can be difficult to separate the genuine projects from the scams. However, there are indeed some legitimate use cases for AI in this space. Magazine spoke with
The Spanish Tax Administration Agency, Agencia Tributaria, has announced new regulations that will require Spanish citizens to disclose their cryptocurrency holdings for tax purposes. Starting in January of next year, individuals and businesses will need to report any crypto assets held on non-Spanish platforms that exceed 50,000 euros (about $55,000). This move aligns with the
Bitcoin has been on an upward trajectory, with its recent surge to new yearly highs resulting in a substantial number of investors seeing positive returns on their investments. According to the Bitfinex Alpha report, over 83% of the total Bitcoin supply is currently held at a profit. This figure marks the highest percentage of profit
In the rapidly growing world of Non-Fungible Tokens (NFTs), the need for secure and efficient storage solutions is becoming increasingly important. Akord, built on the Arweave blockchain, addresses these concerns by offering permanent and decentralized storage for NFT assets. This article delves into the unique features and advantages of Akord, highlighting its user-friendly interface, accessibility,
Coinbase, one of the largest cryptocurrency exchanges in the United States, recently disclosed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). In an email sent to its users, Coinbase revealed that it has been requested to provide information about its users’ accounts and transaction activities. While the email does not
The recent blog post by Ethereum founder Vitalik Buterin, titled “My techno-optimism,” has sparked intense debates within the AI and blockchain community. Buterin’s concerns about the potential threats posed by artificial intelligence (AI) to humanity have garnered mixed reactions from various stakeholders. This article delves into the contrasting viewpoints surrounding the topic, highlighting the passionate
In the recent months, the decentralized exchange (DEX) market has witnessed a surge in explosive token movements. Numerous tokens, including popular ones like APX, SAMBO Bot, Baby Meme, TIME, ROCKY, and IO, have garnered significant attention due to their moon-shot gains. However, amidst this trend, an unexpected token named ‘10000x’ has taken the market by
Ethereum (ETH) has been experiencing difficulties in maintaining the $2,000 support level, with its price repeatedly failing to surpass the $2,100 mark. This underperformance comes amidst a decline in overall market sentiment within the cryptocurrency industry. Several recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions for Binance founder Changpeng
Despite recent fraud scandals involving crypto exchange platforms in Hong Kong, the city’s financial regulators have chosen to retain the grace period for cryptocurrency firms. This decision allows these firms to continue operating without a license until June 2024, providing them with ample time to comply with new regulatory standards. While some may argue that
