Tag: Crypto

Algorand price surges as crypto pundit sees it hitting $1.25

Algorand price experienced a strong bullish breakout on Nov. 29 as cryptocurrencies continued their uptrend. Algorand (ALGO), a top layer-1 network, surged to $0.40, marking its highest level since November 2022. The cryptocurrency has risen for four consecutive weeks, climbing over 240% from its lowest level this year. Crypto analysts are still optimistic about the ALGO price. In an X post, Steph is Crypto, a popular analyst, noted that the coin would jump to $1.26. He cited a double-bottom pattern that happened on the weekly chart. If this forecast is…

Hong Kong Seeks Crypto Hub Status With Tax Breaks

Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top Financial Hub Spot Hong Kong authorities have reportedly proposed exempting hedge funds, private equity funds, and wealthy individuals from paying taxes on gains from cryptocurrencies. The proposals, aimed at making […] Source CryptoX Portal

Crypto Expert Unveils 15 Surprising Truths About This Bull Run

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Este artículo también está disponible en español. In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacy’s analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Here’s a detailed look at his revelations. #1 Bitcoin Season Is Memecoin Season “When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices,” Wacy observed. In contrast to the previous bull run, capital flows directly…

The Next Big Crypto Trade and Why Long Holders Sell Bitcoin

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Bitcoin continues to face resistance at the psychologically important $100,000 threshold, and there has been a shift in investor focus from BTC to altcoins. Notably, tokens that rallied in the 2021 bull run and metaverse tokens like Decentraland and Sandbox have witnessed a resurgence in trade volume across centralized exchanges like Upbit.  Ethereum (ETH) has observed a spike in open interest driven by a heightened demand among derivatives traders. The rise is supported by metrics that reveal a growing bullish sentiment among market participants. An Ethereum price rally is likely…

LBank Reaches 15 Million Users, Achieving New Milestone in Global Crypto Exchange

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On November 28, 2024, during the festive spirit of Thanksgiving, Eric He, LBank’s community angel officer and risk control adviser, announced on social media that LBank has officially reached 15 million registered users, and shared the thanksgiving for users’ support. Meanwhile, the LBank’s Gratitude Week is in full swing, inviting users to share their personal […] Source

Why Costa Rica Is Taking a Hands-Off Approach to Regulating Crypto

Costa Rica doesn’t have any formal crypto laws. But its government and institutions are quietly letting the sector flourish. That’s according to Jorge Eduardo Dengo Rosabal, a former deputy of Costa Rica’s Legislative Assembly who participated in the drafting of a proposed — and rejected — crypto regulation bill for the Latin American nation back in 2022. “The best way to define the situation is that the government is carefully watching what is going on in the crypto world, but hasn’t gotten its hands fully into regulation yet, although there…

Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says

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Increases in Bitcoin prices and recent crypto mining regulations have sparked an 8% rise in Russian internet traffic to major exchanges, data reveals. Internet traffic to major crypto exchanges in Russia surged 8% in early November, spurred by a sharp rise in Bitcoin prices and changes in local regulations, per an analysis done by MegaFon, one of the largest telecommunications companies in Russia. The increase follows a global trend, with web traffic to the top 20 crypto exchanges up 8% to 10% in November compared to October, the company says.…

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house of parliament, approved a government-initiated bill outlining the taxation framework for digital […] Source CryptoX Portal