Day: October 24, 2024

From Skepticism to Strategic Reserves: Corporate Treasuries Embrace Bitcoin

Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years. Public and private companies are now embracing bitcoin, motivated by economic, geopolitical, and regulatory factors. For instance, public and private companies currently hold over 4% of all bitcoin, valued at around $50 billion, with MicroStrategy leading the way, having accumulated a bitcoin portfolio worth $13 billion since August 2020. Source

Denmark Unveils Crypto Tax Plan, Recommendations Draw Fire From Bitcoiners

The Danish Tax Council has recommended what it terms non-backed crypto assets like Bitcoin be taxed similarly to asset-based crypto assets. The council argues the recommendations would allow crypto investors to deduct losses from gains thus making taxation more fair. However, some observers believe this amounts to a “declaration of war on crypto” as it […] Source CryptoX Portal

Binance Executive Tigran Gambaryan Has Left Nigeria Following Detention

“The government has reviewed the case and, taken into consideration that the second defendant (Mr. Gambaryan) is an employee of the first defendant (Binance Holdings Limited), whose status in the matter has more impact than the second defendant’s, and also taking into consideration some critical international and diplomatic reasons, the state seeks to discontinue the case against the second defendant,” the EFCC prosecutor stated in court. Source

Number Of Bitcoin Bulls Increases As Funding Rate Shows Steady Growth – Details

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Este artículo también está disponible en español. Bitcoin has rebounded strongly from the $65,000 mark after a 6% dip from Monday’s high of around $69,500. Despite the recent pullback, BTC remains in a bullish trend that has been in place since early September. This rebound shows resilience, helping maintain the bullish market structure.  Key data from CryptoQuant reveals that the average funding rate has steadily grown since September, indicating that bullish sentiment is increasing as more traders actively engage in the market. Related Reading The coming two weeks will be…

Near token could surge 225%, crypto analyst predicts

Near Protocol token remains in a strong bear market after falling by almost 50% from its highest level this year. Near (NEAR) was trading at $4.62 on Oct. 24, as Bitcoin (BTC) and most altcoins remained under pressure. However, Michael van de Poppe, a popular crypto analyst with over 700,000 followers on X, predicted that it will soon bounce back and move to between $10 and $15. If it rises to the upper side of his forecast, it would mean a 225% increase from the current level. The markets are…