Veteran trader Peter Brandt recently announced on social media platform X (previously known as Twitter) that he has taken a short position on ethereum (ETH), the second-largest cryptocurrency by market capitalization. Brandt, who has a following of 707,000 on X, also shared a technical chart to explain his strategy. Brandt Takes Short Position on Ethereum, […]
Peter Brandt Shorts Ethereum, Signaling Potential Downturn Read More »
Financial Firms Optimistic about SEC's Approval Financial firms in the cryptocurrency industry are feeling confident that the Securities and Exchange Commission (SEC) will rule in favor of approving spot Bitcoin Exchange-Traded Funds (ETFs) after January 8, 2024. This development comes after discussions between spot Bitcoin ETF issuers, such as BlackRock, and the SEC to finalize
SEC Expected to Approve Spot Bitcoin ETFs, Boosting Adoption and Regulation Read More »
Solana and Avalanche Make Strong Comeback in Crypto Market Recently, the smart contract platform tokens Solana (SOL) and Avalanche (AVAX) have been narrowing the gap with Ethereum (ETH), the leading smart contract platform in terms of market valuation. Over the past month, Solana has experienced a remarkable 42% surge, while Avalanche has soared by a
Solana and Avalanche: Emerging Competitors in the Crypto Market Read More »
Empowering Gamers Beyond the Screen The GameSwift team is proud to present GS Pay, a groundbreaking payment system and bank card that seamlessly converts in-game treasures into real money, creating a world where gaming fuels real-life purchases. As the gaming sector continues to grow exponentially, the distinction between reality and virtual worlds is becoming increasingly
Introducing GS Pay: The Revolutionary Payment System Bridging Web2 and Web3 Read More »
Montenegro's appeals court has recently overturned the extradition request for Do Kwon, the co-founder of Terraform Labs. This decision comes after reports emerged that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister For the time being, Do Kwon will stay in Montenegro as
Grayscale Addresses Tax Controversies of Cash-Created Spot Bitcoin ETF Grayscale, one of the largest cryptocurrency asset management firms, has provided clarity on the potential tax implications of adopting a cash redemption model for an upcoming spot bitcoin exchange-traded fund (ETF). In a recent article, Grayscale explained how the cash redemption process would work in a
Grayscale Clarifies Investor Tax Implications of a Cash-Created Spot Bitcoin ETF Read More »
The Explosive Growth of BONK Meme Coin The Solana Saga phone, once struggling to find its market, has seen its fortunes reversed this week, with units selling for as much as $5,000 on eBay, a staggering increase from its discounted price earlier this summer. This dramatic shift in demand is primarily attributed to the explosive
Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity Read More »
Optimizing tax benefits while supporting worthy causes can be achieved by merging tax-loss harvesting with cryptocurrency donations to charities. As the year comes to a close, cryptocurrency investors have the opportunity to embrace a year-end tax strategy with a charitable giving twist. Maximizing Tax Benefits with Charitable Contributions Crypto investors are not only focusing on
Crypto Tax Planning: Combining Tax-Loss Harvesting and Charitable Giving Read More »
Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum has revealed a significant shift in sentiment towards cryptocurrency. Over 80% of respondents now agree that crypto plays a crucial role in the global financial industry, marking a move from skepticism to advocacy. The survey, titled "Future Finance 23," was conducted
Sygnum Survey Reveals Growing Institutional Advocacy for Crypto Read More »
Bitcoin's Downtrend on the 4-Hour Chart Bitcoin's trajectory on the 4-hour chart reveals a clear downtrend characterized by consistent lower highs and lower lows. The price experienced a significant drop from approximately $43,440 to $40,513, indicating increased selling pressure. The current bearish candlestick formation further suggests the possibility of the downtrend persisting. Bearish Run on
Bitcoin Market Analysis: Mixed Signals and Critical Juncture Read More »