The cryptocurrency market appears to be recovering from its recent downtrend, according to JPMorgan’s latest research. Analysts for the American bank estimate that the liquidations of long positions are “largely behind us”, based on the open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). Open interest serves as an indicator of market […]
Tether Energy, the issuer of the world’s largest stablecoin USDT, is preparing to deploy their first Bitcoin mining rigs in Latin America. Chief technology officer Paulo Ardoino has confirmed that the site is “progressing well” and operations are expected to begin in the next few weeks. However, the exact location of the mining farm has […]
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed new tax regulations for the digital assets industry. The proposed regulations would require payment platforms, wallet providers, trading firms, and real estate brokers to file tax information on certain sales or exchange transactions. According to the Treasury Department, the proposed rules, […]
Charles Hoskinson, the founder of Cardano, recently made a bold prediction at the Rare Evo conference that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. This proclamation has sparked fervent discussions about the future of digital assets.Cardano is a project rooted in innovation and […]
Gemini has recently unveiled a new feature that allows users to earn XRP cryptocurrency rewards when making routine credit card purchases. Gemini Credit Card holders can earn up to 3% in XRP rewards on dining, groceries (2%), and other transactions (1%). These rewards are deposited directly into the user’s account on the Gemini platform, with […]
The founder of Pepecoin, a cryptocurrency, has promised to burn the remaining tokens from a wallet that was affected by an incident. The tokens will be used to pay for necessary purchases or donations.The burning of the tokens is intended to help restore confidence in the cryptocurrency and to ensure that the incident does not […]
The US Securities and Exchange Commission (SEC) has been speculated to drag Ripple Labs’ founders into the regulator’s long-running legal battle against their company. However, pro-XRP legal expert Fred Rispoli has outlined why this is unlikely.Rispoli stated that the SEC is unlikely to pursue a trial against Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris […]
Bitcoin is currently trading at $26,000, with on-chain activity at levels last seen before its run to 2021 all-time highs. According to CryptoQuant, the metric of Bitcoin units moving around the network is now at levels last seen in October 2020. This suggests that the impetus to buy or sell is reduced, and that the […]
The Federal Reserve’s groundbreaking instant payment service, FedNow, has recently integrated Dropp, a micropayments platform built on the Hedera Hashgraph network, into its Service Provider Showcase. This integration has caused the Hedera token to surge 16%, and has bolstered the credibility of the entire distributed ledger technology space.Investors are now turning their attention to Borroe […]
Bitget Wallet, formerly known as BitKeep, is a decentralized multi-chain digital wallet that provides a comprehensive portfolio of services, including wallet functionality, an integrated swap feature, NFT Marketplace, DApp Browser, and Launchpad. It is a top-rated wallet on both Google Play and the iOS App Store globally and supports over 250,000 types of cryptocurrencies across […]
