Is The Crypto Industry Ready For Tax Regulation? Survey Shows

For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are a relatively new type of investment, the Internal Revenue Service (IRS) in this country has worked hard to enforce tax compliance.  A survey conducted by CoinLedger summarized the percentage...

49m

Litecoin Sets Eye On $107, But It Needs To Cross This Major Hurdle

Litecoin price has been trading within an ascending trendline over the past couple of weeks; currently, the coin has broken out of the trendline but has maintained bullish momentum. Over the last 24 hours, LTC has depicted little price movement. In the last week, the altcoin managed to appreciate over 4%, taking the price closer to its immediate resistance....

2h

Another Bitcoin Metric Turns Bullish With Price At $23,000 And Forecasts More Profits

Bitcoin has been moving sideways during this week as bullish momentum fades under the pressure of macroeconomic uncertainty. The cryptocurrency has been recording significant profits since the beginning of 2023, flipping market sentiment from fear to optimism as it reconquers previously lost ground. As of this writing, Bitcoin (BTC) trades at $23,000...

3h

Bearish Signal? DCG Starts Selling Grayscale Crypto Shares At Almost 50% Discount

The issues at Digital Currency Group (DCG) seem to be coming to a head as the company has now begun offloading its Grayscale crypto shares. This move is one that was under speculation for a long time in the crypto community, as well as what kind of impact such a move could have on the market. DCG Selling Grayscale Shares For Large Discount Following...

5h

Small Cap Altcoins Outperform Bitcoin As GRT Registers 117% Gains

Data shows the small cap altcoins have continued to outperform Bitcoin and the rest of the market recently as GRT has managed 117% gains in the past week. Small Cap Altcoins Index Is Sitting At 48% Profits For The Past Month As per the latest weekly report from Arcane Research, while other sections of the market have stagnated, the small caps have...

7h

This Little-Known Crypto Erupts 1,300% In Last 24 Hours – Find Out Here

Last month saw 2023’s surprise for crypto investors and traders as the market boomed. Major cryptocurrencies rallied, pulling the crypto market up with them. This includes lesser-known cryptocurrencies like GFT, the native token of the Gifto Metaverse.  According to CoinMarketCap, the token has surged more than 1,300% in the past 24 hours. This is...

9h

AI Token The Graph (GRT) Sees Correction, But How High Can The Price Go?

The price of The Graph’s native token, GRT, has gained a whopping 114% in the last seven days. However, within the last few hours, the price has experienced a major correction of about 23%. After trading for $0.2322 at one point, GRT is trading at $0.1871 as of press time. While the hype around AI tokens continues to dominate the cryptocurrency market,...

11h

Cardano Whales Record Most Active Week In 9 Months, Bullish?

On-chain data shows the Cardano whales have just had their most active week in nine months. Here’s what it may mean for the asset’s price. Cardano Whale Transaction Count Has Been Elevated Recently As per data from the on-chain analytics firm Santiment, the last time similar whale activity was observed was back in May 2022. The relevant indicator...

11h

Baby Doge Coin Grows 124% In Last 7 Days – Is This The Next Big Thing In Crypto?

Baby Doge Coin (BABYDOGE) has been maintaining a steady and strong price action in the last few weeks. For instance, in the last seven days alone, the fast-rising meme coin has tallied an impressive 124% increase – a feat not all of its rivals can match in any given period. Baby Doge still dominates other dog-themed cryptocurrencies such as Dogecoin...

17h

MATIC Price Prediction: Polygon Rally is Just Getting Started

MATIC price started a fresh increase from the $1.10 support zone. Polygon bulls are in control and might push the price towards the $1.40 level. MATIC price started a fresh rally above the $1.10 resistance against the US dollar. The price is trading above $1.10 and the 100 simple moving average (4-hours). There is a key bullish trend line forming...

17h