Day: April 15, 2024

How Investors Should Handle Celsius in Their Tax Returns This Year

The tax implications of Celsius, which finalized its bankruptcy in January, are complex. Creditors are categorized into specific groups, each with different rights and claim treatments. And that’s without even considering those who sold their claims to creditors who’ll face different tax implications on top of this. Furthermore, the preferential way to deal with your Celsius transactions from a tax perspective will also depend on the amount you had in Celsius, your total annual income, and many other circumstances. Source

Toncoin Defies Market Turmoil, Surges 25% To Tally All-Time High

boss

Toncoin (TON) has defied recent market turbulence, reaching a new milestone with its price surging to an all-time high of $7.0. This nearly 25% increase has propelled Toncoin to become the eighth largest cryptocurrency by market cap, surpassing Dogecoin (DOGE) with a market cap of nearly $25 billion. Source: CoinMarketCap Toncoin: Powered By Strategic Partnership Toncoin’s recent momentum can be attributed in part to its partnership with HashKey, which has bolstered investor confidence. Since March, Toncoin has sustained considerable momentum, witnessing a surge of approximately 35% in the past week…

Bitcoin Technical Analysis: Indicators Suggest a Potential Shift in Market Momentum

boss

As of April 15, 2024, bitcoin presents a mixed landscape of consolidation and subtle recovery hints, reflecting a crucial moment for potential bullish or bearish trends. Bitcoin Despite the current market indecisiveness indicated by the 1-hour chart, the 4-hour and daily charts suggest underlying movements that could influence future price actions. The 1-hour chart displays […] Original

Fiji’s central bank warns against crypto investments

Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in crypto-related campaigns promoted in the region. In a press release on Apr. 15, the central bank emphasized, including Bitcoin (BTC) and Ethereum (ETH) are “not recognized as legal tender in Fiji” and can’t be used for payments of goods and services, in accordance with local rules. Reserve Bank of Fiji…

Blockchain for Good Alliance (BGA) Unites Web3 for Societal Impact, Launching at Blockchain Life Dubai With Bybit Web3, Harvard Blockchain Club, Solana Foundation, Moledao, Aptos, ICP.Hub UAE, Alchemy Pay as Key Partners – Press release Bitcoin News

boss

Blockchain for Good Alliance (BGA) Unites Web3 for Societal Impact, Launching at Blockchain Life Dubai With Bybit Web3, Harvard Blockchain Club, Solana Foundation, Moledao, Aptos, ICP.Hub UAE, Alchemy Pay as Key Partners – Press release Bitcoin News You need to enable JavaScript to run this app. Original

Hong Kong (HK) Spot Bitcoin (BTC) ETF Applicants Claim Approval

Bitcoin gained on Monday, adding 3% after dropping to as low as $61,300 over the weekend. The weekend’s drop was due to geopolitical tensions, according to some analysts. Matteo Greco, a research analyst at Fineqia, said: “The weekend’s price drop was attributed to geopolitical tensions in the Middle East, with market sentiment improving after an announcement regarding a temporary halt in hostilities among the involved nations.” He also noted that the upcoming bitcoin halving, could trigger a short-term “sell the news” reaction before and after the event. An array of…

Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official

A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is due for completion by May 2025. Finance Ministry Directed to […] Source CryptoX Portal

Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

boss

In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability. Five Investment Rules For Shibarium Projects 1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is…