Month: April 2023

Riding the Wave of Meme Coins Success – Press release Bitcoin News

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press release PRESS RELEASE. In recent years, meme coins have gained significant traction due to various social media trends and hype. This is because these coins are often associated with fun and accessible ways to invest in cryptocurrency. Moreover, they are easy to understand and trade, making them attractive to new investors, particularly millenials and Gen Z, who are attracted to the humour and online culture associated with meme coins. One of the most popular meme tokens today is Shiba Inu ($SHIB). Several factors contribute to the token’s popularity, including…

Spreading misinformation about Changpeng Zhao ‘was the norm’ for SBF, says Binance CSO

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Former FTX chief executive officer Sam Bankman-Fried used Twitter and other means to spread “fake rumors” about Binance chief executive officer Changpeng Zhao, according to Patrick Hillmann. In an April 21 Twitter thread, Hillmann — the chief strategy officer at Binance — said Bankman-Fried used his influence to label CZ as an ‘evil Chinese’ through “fake rumors” to perpetuate his alleged scams at FTX. Prior to and following FTX filing for bankruptcy in November 2022, SBF and CZ’s public relationship was often antagonistic though the two exchanges had financial ties.…

The future of crypto taxes: Understanding the ever-changing landscape

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A closer look at the current state of crypto taxation worldwide reveals a trend toward increased regulation and maturity, with many governments recognizing the potential benefits of blockchain technology in various sectors. As the blockchain and cryptocurrency industry continues to evolve and gain mainstream adoption, the regulatory landscape surrounding them is also evolving rapidly.  Cointelegraph Research has recently published its Crypto Taxation Database, which takes a closer look at approaches to crypto taxation on a country level and contains the following features: A comprehensive overview of crypto taxation by country…

Trump’s Second NFT Drop Slumps, Sotheby’s Selling NFTs Seized From 3AC

Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer…

Traders Are Tired of Trump NFTs

Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer…

XRP, ADA Drop to Multi-Week Lows on Friday – Market Updates Bitcoin News

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Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low. XRP, formerly ripple, was deep in the red on Friday, as prices fell for a third consecutive session. Following a high of $0.4838 on Thursday, XRP/USD slipped to an intraday low of $0.4644 earlier today. As a result of this drop, XRP fell…

Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows

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Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it “rat poison squared.” But data shows that adding Bitcoin to a so-called “rat poison portfolio,” an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan and BlackRock stocks, would have produced much better returns for The Oracle of Omaha. “Rat poison portfolio” with Bitcoin does better  Since 2014, allocating only 2.5% Bitcoin yearly to the rat poison portfolio increases returns by nearly 20% with reduced risks, according to independent market analyst Alpha Zeta. For now, the portfolio’s returns…

Bitcoin mining difficulty hits record high, indicating network resilience

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network’s resilience and tenacity. Despite the market’s recent volatility, the network’s hashrate hit an all-time high of 348.6 EH/s. This indicates that more miners are joining the network, which is positive for bitcoin’s stability and long-term health. The mining difficulty of bitcoin fluctuates frequently, but it has seen significant growth over the past year, rising…

How to stake Polygon (MATIC)

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The Polygon network, formerly the Matic network, is an Ethereum-scaling protocol that reduces cost and embeds high security. In a short span, Polygon has gained a high level of traction. A string of solutions on a single network sets Polygon apart from other Ethereum scaling projects. It empowers developers to zero in on a scaling solution that works best with their applications. Polygon Labs has been consistently working to develop scaling solutions based on plasma sidechains, a blockchain bridge, different types of zero-knowledge proofs and Optimistic Rollups. Processing bundles of…