Feb 23 2024
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains. The program was scheduled earlier for 2023 and rescheduled to January 2025, and the current request is looking to push it to 2027. A political leader from the party also highlighted the risks of implementing taxation …
Feb 23 2024
Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. A mysterious whale has recently been accumulating Chainlink (LINK), according to Lookonchain. The unidentified entity, potentially an institutional player, has withdrawn 2.7 million LINK tokens from the cryptocurrency exchange Binance using 49 new …
Feb 23 2024
Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to announce the employees who will fill in those roles. Speculators believe the Ripple deal may have raised the need for a leadership transition. Ripple acquired the custody firm in May 2023 for $250 million.. Ripple looked forward …
Feb 23 2024
The cryptocurrency market continues trending upward in the first months of 2024. For the first time since April 2022, the total market capitalization has exceeded the $2 trillion mark. Bitcoin is leading the pack, charting an increase of around 20%, while the majority of altcoins are lagging behind. The frontrunner of Decentralized Finance (DeFi), Ethereum, …
Feb 22 2024
Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions. The gag rule is a part of the SEC’s policy adopted in 1972, which requires defendants …
Feb 22 2024
Citi is experimenting with tokenized securities on the blockchain to bolster the adoption of distributed ledger technology on Wall Street. The bank collaborated with Wellington Management and WisdomTree – a crypto-supportive ETF sponsor – to initiate its “proof of concept” for the program. Based on the results of the “simulation,” the bank will determine whether …
Feb 22 2024
Sora is OpenAI’s new AI model aimed at generating videos from text prompts. The release saw some of the most popular internet personalities engage, including but not limited to Marques Brownlee, MrBeast, Elon Musk, and many, many more. In essence, it’s a text-to-video. You prompt it with instructions, an video is generated. The firm is …
Feb 22 2024
Morgan Stanley Wealth Management says Bitcoin’s upcoming halving event may be the dawn of a new bull market. The bank claims that “crypto winter’ may already be over. “Based on current data, signs indicate that crypto winter may be in the past and that crypto spring is likely on the horizon,” wrote Denny Galindo, author …
Feb 21 2024
On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low in 2024. Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023. Bitcoin’s transaction count has fallen to a three-month low …
Feb 21 2024
Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203%quarter and an impressive 598% year-over-year, reaching a milestone of $2 billion. The report highlights Stacks’ …