Author: Crypto News
Last updated: May 22, 2024 10:22 EDT | 4 min read The landscape of crypto taxes is varied and dynamic, with some nations emerging as particularly friendly to crypto investors and traders.Countries with low taxation on cryptocurrencies reap the benefits of increased investment, innovation, and economic growth, creating a compelling argument for the adoption of similar policies worldwide.Contrasting these havens are countries with more stringent crypto tax laws, which can stifle local market growth and push investors to seek more favorable environments.High-tax countries often see a brain drain in talent and capital, which can be detrimental in the long run.Evaluating…
Last updated: May 22, 2024 08:40 EDT | 1 min read Source: Bitget Cryptocurrency derivatives trading platform Bitget has appointed Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals.Before being promoted to CEO, Chen held the position of managing director of Bitget, where she oversaw its market expansion, business strategy, and corporate development.Under her leadership, Bitget’s user base has quadrupled, propelling the exchange to the top five positions among crypto exchanges in terms of crypto derivatives trading volumes.“I’m extremely honoured to step into the role of CEO at Bitget,”…
Bitcoin (BTC/USD) is currently trading at $69,675, showing little change with a -0.03% movement, suggesting a bullish Bitcoin price prediction. The 4-hour chart reveals key price levels that traders should monitor. The pivot point is at $69,675, serving as a crucial benchmark. Immediate resistance levels are identified at $70,560, $71,944, and $73,300, suggesting potential upward targets if the bullish momentum continues. On the downside, support levels are found at $68,990, $68,260, and $67,265, providing a safety net against further declines. Bitcoin Price Prediction The Relative Strength Index (RSI) is 57, indicating neutral market momentum. Meanwhile, the 50-day Exponential Moving Average…
Cryptocurrency’s popularity is on the rise on a global scale. The increased popularity is due to the technological advancements and numerous opportunities which it makes available. The advent of cryptocurrency encouraged decentralisation, which gives investors control over funds and makes financial freedom easy to attain.Investors’ influx into a project encourages growth, which is portrayed on Bitgert. It is one of the industry’s fastest-growing ecosystems and has proven its user-centric nature, driving growth.It is gaining recognition due to its potential, with interest hitting high across the industry.In this article, we will look at what makes Bitgert a good investment choice for…
Last updated: May 22, 2024 06:12 EDT | 2 min read Stephen Findeisen, popularly known as “Coffeezilla” on YouTube, has accused artificial intelligence company Rabbit AI of orchestrating a nonfungible token (NFT) scam and attempting to cover it up.Findeisen, a prominent investigator on the video-sharing platform, recently released a video on the Coffeezilla channel, shedding light on Rabbit AI’s alleged involvement in the NFT space.According to Findeisen’s findings, Rabbit AI was previously known as Cyber Manufacture Co. and managed to raise $6 million for an NFT project named Gama.However, the company’s founder and CEO, Jesse Lyu, later distanced Rabbit AI from…
Last updated: May 22, 2024 05:21 EDT | 1 min read The U.S. prosecutors are pushing for a prison sentence of five to seven years for the former FTX executive Ryan Salame.According to a sentencing memorandum, the attorneys of the Southern District of New York have argued for an extended imprisonment term, citing the seriousness and the general deterrence in imposing sentence.Former FTX Executive’s Crimes of SeriousnessThe document stated that Salame was first the head of the Settlements Team at Alameda and then CEO of FTX Digital Markets from 2019 to 2022, during which he assisted Samuel Bankman-Fried in “perpetrating…
Last updated: May 22, 2024 03:16 EDT | 1 min read Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.It comes after the agency raised concerns a few weeks ago that Uniswap’s operations might violate US securities laws. The decentralized crypto exchange is now explaining in detail why the SEC could be wrong.Uniswap serves as a decentralized finance (DeFi) platform catering to developers, traders, and liquidity providers. But the SEC claimed that Uniswap Protocol operates as an unregistered securities exchange under Uniswap Labs’…
Last updated: May 22, 2024 03:15 EDT | 2 min read BlackRock’s spot Bitcoin exchange-traded fund (ETF) has generated significant traction, accounting for 95% of the total inflow into United States spot Bitcoin ETFs on Tuesday.The combined inflows for these ETFs surpassed $300 million, a substantial boost for the market.Preliminary data from Farside Investors reveals that BlackRock’s iShares Bitcoin Trust (IBIT) witnessed a substantial inflow of $290 million on May 21. When considering all eleven ETF issuers combined, the net inflow amounted to $305.7 million.Notably, this marks a reversal in the trend of zero or minimal inflows observed over the past six weeks.BlackRock’s…
Last updated: May 22, 2024 02:20 EDT | 2 min read Blockchain gaming platform Gala Games has retrieved approximately $22 million worth of Ether (ETH) from the individual responsible for a recent “security incident.”The incident occurred on May 20 when the attacker minted Gala (GALA) tokens worth $200 million and sold a small portion of them before the wallet was frozen.On Tuesday, the attacker’s wallet returned 5913.2 ETH, equivalent to $22.3 million, to Gala Games.Gala Games credited the swift recovery to their effective response and the involvement of federal law enforcement agencies, as stated in a blog post published on…
Last updated: May 22, 2024 00:50 EDT | 1 min read Ether’s price has surged over 20% to around $3,792, fueled by rumors that US regulators might finally approve Spot Ethereum ETFs. The price surge has surprised traders as most anticipated the SEC would delay or reject the first ether ETF by Thursday.Standard Chartered is adding to the bullish sentiment. The bank said it is 80%-90% confident that Ether spot ETFs will launch in the US this week.“After approval, we estimate that spot ETFs will drive inflows of 2.39-9.15 million ether in the first 12 months after approval,” said Geoff…