Author: Crypto News
Last updated: April 7, 2024 23:00 EDT | 1 min read South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes.The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat in 2023.Per Kyungbuk Shinmun and Daegu Shinmun, the individuals have all evaded local tax bills worth $370 or above.On April 7, the city’s Nam Gu (Southern District) Office said the move was part of its “2024 Local Tax Arrears Collection Comprehensive Plan” drive.South Korea Tax Crackdown…
Last updated: April 7, 2024 19:30 EDT | 2 min read Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project.Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.”Russian Fintech Startups Join Digital Ruble PilotThe move appears to indicate that Moscow may be taking cues from the Chinese central bank’s CBDC playbook.The digital yuan has been successfully integrated with the banking platforms of several…
The power of crypto presales is well-known. Crypto enthusiasts know how the Ethereum presale created a new generation of millionaires. ETH, offered at about $0.30 during its presale, is worth over $3,000 today. Those who put in a few hundred dollars during the presale and continue holding ETH today have registered million-dollar net worth. That is the wealth-generation power of crypto, overtaking any other asset class known to man.To that end, analysts say another utility token, NFTFN, can create the next breed of crypto millionaires. The NFTFN token is currently offered through its presale, with a phase 2 price of…
Memes have grown in importance in the constantly changing cryptocurrency market. Because of their distinctiveness and widespread appeal among social media users, these coins frequently pique the interest of new investors. For novices, it’s crucial to select low-risk meme coins, though. We’ll talk about the top three beginner-friendly meme coins in this article: Dogecoin (DOGE), Shiba Inu (SHIB), and Hump (HUMP).1. Dogecoin (DOGE )One of the most well-known meme coins available on the cryptocurrency market is Dogecoin. Originally intended to be a joke, Dogecoin garnered enormous popularity on social media and in the cryptocurrency community very rapidly. Dogecoin began as…
Last updated: April 7, 2024 17:12 EDT | 3 min read XRP and Cardano (ADA) bore the brunt of the market’s volatility in the past week, declining by 7.5% and 12%, respectively. Amid these developments, experts have pinpointed Algotech (ALGT) as the top presale token, leveraging algorithmic trading strategies to maximize returns while minimizing risks.Can Algotech (ALGT) outshine XRP and Cardano (ADA)? Let’s dive into the prospects.The Clear Winner: Algotech’s (ALGT) Compelling Case as the Best CryptocurrencyTransparency forms the bedrock of trust in crypto trading firms, offering investors clarity and confidence in their operations. Algotech (ALGT) is an innovative presale…
Last updated: April 7, 2024 17:38 EDT | 2 min read The market is teetering along bearish lines, with the bulls gathering steam for a bounce. Preparing for a full comeback are Cardano (ADA) and Shiba Inu (SHIB), two top altcoins. With sights set on an upswing, the current dip provides a great buying opportunity and entry point.Meanwhile, InQubeta (QUBE), a presale token, continues to tickle investors’ fancy. Its bullish narrative as an AI altcoin makes it one of the most sought-after tokens, contributing to the massive ICO demand. It has just passed the $13 million milestone in its ongoing…
Last updated: April 7, 2024 12:00 EDT | 2 min read Political campaigns in South Korea are leveraging the country’s prominent crypto market to attract voters ahead of the parliamentary election. Both major political parties, President Yoon Suk Yeol’s People Power Party and the opposition Democratic Party, have included crypto-related promises in their campaign platforms.The People Power Party has pledged to delay the implementation of a digital-asset tax, recognizing the importance of the crypto industry to voters.On the other hand, the Democratic Party has focused on lifting restrictions on exchange-traded funds (ETFs), including those holding US Bitcoin products. South Korea to Offer Exposure to…
NFTFN has managed to do a miracle in the crypto world. The presale of NFTFN has managed to attract the attention of not only prospective investors but of elite analysts as well.NFT has changed the way people interact with digital assets like art, collectibles, and even real estate. There have been tons of new tokens of noteworthy potential that have been cropping up on the horizon with the promise to potentially huge returns.Solana (SOL) and Binance Coin (BNB):Solana is a direct competitor of the Ethereum network & strives to do high-speed transactions without compromising on financial decentralization. Its token SOL…
With the advent of numerous new coin varieties that present investors with the possibility of enormous returns, cryptocurrency has become a very popular topic in recent years. One of the most well-known in recent memory is the “Hump (HUMP)” meme coin on the Solana network. Hump has had a remarkable price increase in a little amount of time, piquing the curiosity of traders and investors worldwide.Why did Hump suddenly take off? Analysis of 2500% Price Surge in 72 HoursHump made a stunning splash when he first joined the crypto world. The coin experienced a value increase of up to 2500%…
Last updated: April 7, 2024 11:22 EDT | 2 min read Dogecoin (DOGE/USD) has recently shown significant market activity, with its price reaching $0.20, exhibiting a 12% rise within the last 24 hours.The trading volume of Dogecoin has surged to approximately $2.33 billion, illustrating a robust interest from traders and investors.Presently, Dogecoin holds the 8th position in the CoinMarketCap rankings, boasting a substantial market capitalization of $29.23 billion. This valuation reflects the growing acceptance and enthusiasm around this cryptocurrency.Dogecoin Open Interest Soars to $1.58 Billion Amid Rising Market Enthusiasm Dogecoin’s open interest has surged impressively, showing a 9.35% increase to…