The recent announcement by South Korea’s Democratic Party to postpone the implementation of cryptocurrency taxation laws marks a significant juncture in the evolving landscape of digital asset regulation in the country. This decision came to light on December 2, 2023, when Democratic Party floor leader Rep. Park Chan-dae disclosed a two-year moratorium on taxing crypto
Jerome Powell, the chairman of the Federal Reserve, has recently reiterated his skepticism toward Bitcoin’s viability as an alternative to the U.S. dollar. At The New York Times DealBook Summit, he characterized Bitcoin primarily as a speculative asset akin to gold, suggesting it lacks the stability required to challenge traditional fiat currencies. Powell’s assertion reflects
MARA Holdings, recognized as the largest publicly traded Bitcoin miner on Wall Street, has made headlines recently with its latest financial maneuver. Closing a significant offering of convertible senior notes worth $850 million on December 5, the company is setting the stage for both expansion and strategic asset management within the volatile cryptocurrency landscape. This
The cryptocurrency landscape witnessed a transformative moment with the launch of BlackRock’s iShares Bitcoin Trust (IBIT) on January 11. This innovative financial vehicle has rapidly established itself as the fastest exchange-traded fund (ETF) to amass $50 billion in assets under management (AUM). As of recent data, IBIT boasts an impressive AUM of approximately $50.60 billion,
As Bitcoin has recently crossed the $100,000 threshold, the excitement in the cryptocurrency market has ignited once again. Among the frontrunners is Ethereum (ETH), which is currently attempting to break free from a crucial resistance barrier that could dictate its near-term trajectory. This article delves into the recent performance of Ethereum, drawing parallels with Bitcoin’s
The gaming landscape is currently in a state of transformation, driven by the advances in blockchain technology and non-fungible tokens (NFTs). The Xai Foundation has recently made waves with its introduction of Tiny Sentry Keys, a novel way to interact with the Ethereum gaming ecosystem. With these NFT-based licenses in play, the platform aims to
In a significant development for the cryptocurrency landscape, the Coinbase-led Travel Rule Universal Solution Technology (TRUST) has announced the launch of TRUSThub, a groundbreaking platform aimed at enhancing data sharing protocols among Virtual Asset Service Providers (VASPs). Officially announced on December 5, the initiative seeks to address a critical need for improved compliance measures, particularly
The Tron blockchain has emerged as a significant player within the decentralized finance (DeFi) landscape, especially during a noteworthy market resurgence. As of December 4, the total value locked (TVL) on Tron’s infrastructure reached an astonishing $36.2 billion. This milestone not only represents a new all-time high for the platform but also highlights the growing
On December 5th, Bitcoin achieved a remarkable milestone, soaring to $103,630 during early trading in Asia, as observed on TradingView using the Binance platform. This incredible uptrend occurred after a period of consolidation, with Bitcoin surging more than 7% within just 12 hours, bouncing back from an intraday low of approximately $95,000. This event marks
Launched over 2,000 days ago, the Pi Network has revolutionized expectations surrounding mobile cryptocurrency mining. Despite its ambitious vision and a user base exceeding 14 million, many in the crypto community find themselves grappling with uncertainty regarding the anticipated mainnet launch and the native PI token’s official debut. As we delve into the circumstances surrounding
