Day: September 30, 2024

Ohio Senator pushes bill to enable crypto tax payments

Ohio could soon legally accept Bitcoin and other cryptocurrencies for taxes if a new bill by Senator Niraj Antani is enacted into law. On September 30, Ohio State Senator Niraj Antani introduced a bill seeking to allow taxpayers in the state of Ohio to pay their taxes in Bitcoin (BTC) and other cryptocurrencies. The proposed legislation would mandate state and local governments to accept crypto as a payment method for taxes. “Cryptocurrency is not just the future, but it’s the present of our 21st century economy. If we want to…

Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report

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South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing. According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing. The exchange reportedly considered a similar move late last year for the Korean Nasdaq equivalent Kosdaq. At the time, it was reported that the IPO was geared toward increasing the firm’s market share to catch up to its top domestic competitor, Upbit. While Bithumb is the 18th-largest crypto…

Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why

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Este artículo también está disponible en español. Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford’s Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSpark’s CEO noted that historically, post-halving periods have led to several positive adjustments for BTC’s price.  It should be recalled that Bitcoin underwent its fourth halving in April 2024, when its block confirmation rewards were slashed from 6.250 BTC to 3.125 BTC. In a note to…

Coinshares: Inflows Into Digital Asset Products Reach $1.2 Billion

Coinshares, through its lead research analyst James Butterfill, has reported a third consecutive week of inflows into digital asset investment products. Total inflows amounted to $1.2 billion, reflecting a reaction to continued expectations of dovish U.S. monetary policy. Bitcoin Drives $1 Billion in Crypto Inflows, According to Coinshares According to Coinshares’ lead research analyst James […] Source CryptoX Portal

These Key Trends Point to Market Shifts

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Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum’s momentum and have led to mixed views on its future growth trajectory. Related Reading Ethereum’s Market Sees Shift Percival, highlighted that Ethereum has faced a decline in activity due to the rise of other blockchains with greater accessibility, more advanced technology, and…

Uniswap’s Model Is a Science Project That Could Kill DeFi

In traditional finance, when one deposits money into a savings account, one can expect a reliable ROI from providing liquidity to the institution. But banks carry an implicit trust, whether through consumer protections or centuries of experience in managing assets and navigating volatile markets. DeFi platforms don’t have that same degree of investor confidence. Most DEXs, simply put, don’t have the experience to capture value from their liquidity successfully. Source

Trump Opens KYC Whitelist for New World Liberty Financial Crypto Project

On Monday, former President Donald Trump announced that the whitelist for World Liberty Financial (WLF) is now open to eligible individuals. Addressing his 91 million followers on X, he called it their “chance to be part of this historic moment.” Trump’s Latest Crypto Venture World Liberty Financial Whitelist Goes Live The know-your-customer (KYC) process for […] Source CryptoX Portal