Brazilian lawmakers are taking steps towards implementing new tax legislation that would impact cryptocurrencies held overseas. The proposed legislation seeks to address the tax treatment of cryptocurrencies as “financial assets” in foreign investments. This article will delve into the potential implications of this legislation on the cryptocurrency market in Brazil. The amendments to the bill
admin
In the past 24 hours, both Shiba Inu and Pepe have seen an impressive 8% surge, outperforming the wider cryptocurrency market. This comes as the news broke that the SEC has delayed its decision on the Ark Bitcoin ETF, causing a slight decline in the overall market. While this may seem like a setback for
Nansen, a blockchain market intelligence firm, recently published a comprehensive report analyzing the behavior of the earliest whales on Coinbase’s layer 2 blockchain, Base. The report sheds light on how these early adopters are utilizing their funds and provides valuable insights into their investment strategies. According to Nansen’s findings, the early whales predominantly allocated their
The native token of GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is currently facing intense selling pressure. As of August 11, the governance token has experienced a 7% decline in value, resulting in monthly losses of 24%. This significant downturn has brought prices close to $40, which marks a critical support level
Financial markets have always been known for their unpredictable nature, making it challenging for investors to make informed decisions. However, with the rise of technology, particularly artificial intelligence (AI), a new wave of tools is changing the face of trading. One startup that is paving the way in this industry is yPredict, which offers traders
Evernode, a layer 2 smart contract solution developed on the XRP Ledger (XRPL), has recently disclosed the initial details of its upcoming airdrop. This airdrop is specifically intended for XRP holders who meet the eligibility criteria. To participate in the airdrop, XRP holders are required to provide a snapshot of their holdings by the beginning
Art collection has always been about more than just the artwork itself. The artist’s identity and the story behind each piece have traditionally played a significant role. However, with the emergence of NFTs (Non-Fungible Tokens) as a means of attributing provenance to digital objects, the art world has witnessed a paradigm shift. Grails by PROOF,
Chinese law enforcement agencies are facing a growing menace in the form of fraud and data theft within the Web3 sector. As technology continues to advance rapidly, criminals are increasingly leveraging sophisticated techniques to exploit unsuspecting individuals. Trojan viruses, phishing sites, infiltration tools, and cyberstalkers are just a few of the deceptive methods being employed
The Ethereum price has encountered a correction phase after struggling to break through the resistance levels at $1,875 and $1,880 against the US Dollar. Similar to Bitcoin, Ethereum experienced a gradual decline below the $1,850 pivot level. If the bearish trend continues, Ethereum could drop towards the $1,820 support level. This critical juncture is where
Crypto enthusiasts were left scratching their heads after witnessing unusual price movements for Ripple’s XRP token on the Gemini crypto exchange. Screenshots shared on social media revealed what many referred to as a “price glitch” that caused the displayed price of XRP to skyrocket above $1 and even reach an astonishing $50 at one point.
