“If a bank were to hold your bitcoin, they would have to set aside their own money equal to that amount, sort of ‘in jail’. That’s why they don’t hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin,” Lutnick said. Source
Plans for the stablecoin come amid further boosts to the XRP Ledger network in the form of Ethereum-compatible smart contracts, which will let users build out on-chain exchanges and issue tokens, among other financial services, as they do on Ethereum. Source
The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on the market that could send the coin well below current levels. Bitcoin Faces Major Risks In a recent social media post, crypto analyst Ali Martinez has pointed to the Stochastic Relative Strength Index (RSI) on Bitcoin’s 2-month chart, which has recently indicated a trend reversal from bullish to bearish. …
“And then the second one is a means for, effectively, validators to receive emissions,” Boiron added. “Effectively, if you think of these new chains that pop up, what’s going to happen is that with time, they’re going to want to decentralize. And so instead of just having a centralized sequencer, they’re going to need to incentivize people to actually run a decentralized group or a decentralized prover. And if they don’t have a token, or if they don’t want to launch a token yet, how do they do that? Well,…
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […] Source CryptoX Portal
The new index will help traders guage expected SOL price turbulence over two weeks. Source
CoinspeakerTruflation Unveils Hedge Index to Protect Investments against Inflation with Real-World Asset Tracking Truflation, a leading real-time financial data provider, has introduced a Hedge Index aimed at helping investors protect their portfolios against inflation. This cutting-edge index monitors Real World Assets (RWAs) and serves as a performance benchmark, offering a diversified strategy to reduce the effects of inflation on investments. The Truflation Hedge Index comprises five key asset classes: Gold (25%), Silver (20%), WTI Crude Oil (20%), the S&P 500 (25%), and Bitcoin (10%). These assets are carefully weighted to…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […] Source CryptoX Portal
Este artículo también está disponible en español. August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called “Black Monday.” This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market expert Lark Davis suggests that the choppy sideways price action may soon come to an end, paving the way for a potential surge as bullish factors align for…