Day: October 16, 2024

Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.…

LTC Gains 3%, Leading CoinDesk 20 Index Higher

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.…

Exploring the potential of crypto mining service platform BitconeMine

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The cloud mining market is booming, driven by demand for efficient and sustainable solutions, with BitconeMine offering users an easy way to earn passive income through mining. The cloud mining platform market shows promising prospects amid the expanding crypto landscape and blockchain technology adoption. Key drivers include the increasing demand for cloud-based solutions that provide mining resources, hardware, and software without the need for significant infrastructure investments. Optimization of…

Bitcoin ETF Inflows Climb While Ethereum Funds Face a Day of Losses

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Based on the latest figures from Tuesday’s exchange-traded fund (ETF) trading sessions, the 12 spot bitcoin ETFs experienced another day of positive inflows, totaling $371.02 million. In contrast, the nine ethereum-based ETFs recorded outflows, with $12.7 million exiting the ether funds. Bitcoin ETFs Pull in $371M While Ethereum Funds Drop by $12.7M On Tuesday, Blackrock’s […] Original

Bitcoin Price (BTC) Rises to $68K, Crypto Dominance Hits Cycle High

A closer look at the ETH/BTC ratio from its cycle bottom in June 2022 shows a continuing series of weaker lows. In previous cycles, such as the 2016-2019 and 2019-2022 periods, the ETH/BTC ratio was at least 200% higher from the cycle low at this point. However, the current ratio is 25% beneath its June 2022 cycle low, highlighting ether’s underperformance against bitcoin. Source

Bitcoin forms a golden cross, analysts predict parabolic moves ahead

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Bitcoin price continued its strong rebound as it rose for three consecutive days, reaching its highest level since July 29. Bitcoin (BTC), the original cryptocurrency and largest crypto by market cap, retested the psychological level of $68,000, meaning it has jumped by almost 40% from its lowest level in August. There are rising odds that Bitcoin will continue climbing. For one, the crypto fear and greed index moved from the greed zone of 37 last week to 58. BTC and other cryptocurrencies often rally when there is a sense of…

Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target

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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…

Bitcoin Moves Above $68K Amid Renewed Bullishness

Bitcoin rose above $68,000, extending the weekly gain to over 8%. BTC has gained nearly 4% in the last 24 hours, comfortably outperforming the wider digital asset market, which is around 1.4% higher, as measured by the CryptoX 20 Index.The cryptocurrency teased a move above $68,000 during the U.S. morning on Tuesday before falling as low as $64,800 only an hour later. Spot bitcoin ETFs recorded inflows of $371 million on Tuesday, making it three days in a row that they have registered over $250 million of gains, the first…