Ethereum price has surged by 41% within the past five days. The digital asset’s value surged from $1,754 to $2,488 as the market recovered and Bitcoin also witnessed a similar surge. The recent surge in ETH value also pushed the whales to amass a big chunk of Ethereum’s supply. According to data provider, Santiment, Ethereum’sContinue reading “This Ethereum metric just hit a 5-year high”

Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its tax codes to enable the tax authorities to seize crypto tax dodgers’ assets from their digital wallets. As per reports, the proposal wasContinue reading “South Korea to amend tax laws for addressing tax evasion by crypto investors”

China’s stance regarding cryptocurrencies has been well documented and with each passing day, regulations around crypto mining and businesses are getting stricter. The changing regulatory landscape has forced many crypto enthusiasts to believe that China could place an outright ban on holding Bitcoin along with other cryptos. According to Bobby Lee, one of the earlyContinue reading “China and Bitcoin: ‘The final straw’ would be something like…”

The prominent decentralized exchange, Uniswap has disclosed a list of tokens it will be discontinuing on its app interface. According to the official announcement, the tokens will only be removed from its app interface and the protocol will remain immutable. It stated: “Today, consistent with actions taken by other DeFi interfaces, we have taken theContinue reading “Uniswap: We have taken the decision to restrict access to certain tokens”

The Ethereum community is eagerly waiting for the Proof-of-Stake protocol to kick in and resolve problems relating to scaling on the network. However, given the history of delays with each leg toward implementation, developers have assured that the launch of London Hard fork will be on schedule. In an interview with the Chinese media outfit,Continue reading “Ethereum London upgrade could be delayed only for this reason”

Bitcoin, at press time, was recovering slowly and steadily on the back of a 12.74% uptrend from its lows of $29,583. In fact, it was trading within the same range as the one seen back in January 2021. However, while the crypto’s price may have taken a turn for the best, is there still somethingContinue reading “You might not know this about the impact of Bitcoin’s short-term holders”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice At the time of writing, recovery had set in across the cryptocurrency market, with XRP already bouncing from the lows of $0.5156 to $0.5946. This was a rally worth 15.60%, with XRP likely toContinue reading “What are the chances of XRP seeing an upside of 11%”

Over the last 24 hours, the cryptocurrency market once again rallied to the tunes of Bitcoin’s recovery on the charts. However, on the contrary, Monero’s [XMR] market seemed to be highlighting an unusual spike in its fundamentals, independent of whatever Bitcoin has been doing. Monero daily transactions per block have reported a massive spike overContinue reading “Monero transactions per block nearly double, but why”

 Arbitrum has been crowned the winner of a Bake-off challenge held by Reddit, a challenge called “The Great Reddit Scaling Bake-off.” The win for Arbitrum now means that Reddit will be using its roll-up technology to scale Reddit’s Ethereum-based Community Points. As per the official announcement from Reddit, “Today, we are launching our own Layer-2Continue reading “Ethereum-based community points to scale with Arbitrum on Reddit”

South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects. In fact, it has now announced that it will be blocking foreign crypto-exchanges that target Koreans unless they are registered with South Korea’s anti-money laundering body. As per the country’s financial regulators, the Financial Services Commission,Continue reading “South Korea: KFIU’s notice to 27 foreign crypto-exchanges fuels shutdown concerns”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice As Bitcoin’s price recovered from its fall under $30,000, the Cardano market rallied too. Taking into account the crypto’s recent fall and recovery on the charts, ADA remained volatile too, especially since ADA’s priceContinue reading “This is imperative for Cardano’s price”

Global X ETFs, a New York-based provider of global exchange-traded funds, is in the news today after it filed for a Bitcoin ETF. The global provider of ETFs filed with the U.S. SEC on 21 July and suggested that if approved, it would be available under the name of Global X Bitcoin Trust and willContinue reading “Global X becomes latest to seek SEC’s approval for Bitcoin ETF”