The Biden administration recently unveiled its proposed budget for the year 2025, which includes provisions aimed at regulating digital assets. These proposed measures are anticipated to result in an additional $10 billion in tax revenue by 2025. The main objective of these regulations is to close existing loopholes that have allowed wealthy crypto investors to
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Core Foundation, a decentralized ecosystem for dApps, has recently announced the launch of its non-fungible token (NFT) marketplace. This initiative aims to provide a secure platform for users to mint and trade NFTs, contributing to the growth of the Core chain. The Core Journey NFT collection is a significant part of this launch, designed to
The new Turbo Trump meme coin has recently gained significant attention in the cryptocurrency market, with a staggering increase of over 20,000% in just 24 hours. Launched on the Base blockchain and listed on SushiSwap, Turbo Trump (PRESI) is one of the many meme coins that have emerged in recent months. However, despite its initial
Whale Alerts, a tracker for crypto whale transactions, has recently disclosed a series of significant XRP transfers in the past 24 hours, a sign that bullish momentum may be returning to the market. Notably, a total of five large transactions have originated from the popular crypto exchange Binance, with the most recent occurring within the
Bitcoin, the world’s largest cryptocurrency asset, has recently reached a new price milestone by exceeding its previous all-time high (ATH) of $69,000. This accomplishment, which happened almost three years ago, has sparked enthusiasm among crypto enthusiasts and experts who are optimistic about Bitcoin’s future price movement. The positive forecast for BTC, shared by cryptocurrency analyst
The recent surge in the price of Bitcoin to a new all-time high above $71,000 has put a record number of short positions at risk of being liquidated. The price surge has caused a significant amount of shorts, with less than a 10% move upward from the current level potentially leading to over $1 billion
China’s Shandong Province has taken a major step towards embracing digital currency by introducing a digital yuan loan program for entrepreneurs. This initiative aims to integrate digital currency into regional business practices, making it easier for small businesses to access capital. Streamlining Access to Capital The capital city of Jinan in Shandong Province recently facilitated
The recent surge in Bitcoin’s price to over $71,000 can be attributed to various factors that have invigorated investor confidence and sparked a surge in buying activity within the cryptocurrency market. One of the key catalysts for this surge was the announcement by the London Stock Exchange (LSE) that it would accept applications for the
BA Labs, a key member of the MakerDAO Stability Advisory Council, has recently proposed an emergency rate adjustment within the MakerDAO community forum due to unprecedented market volatility and a significant reduction in reserves. This proposal aims to address the immediate challenges posed by the current market conditions by implementing various changes within the Maker
Ethereum price is currently facing a major obstacle in its journey towards clearing the $4,000 resistance zone. Despite trading to a new multi-month high above $3,980, ETH is struggling to break through this crucial level. The price is currently hovering around $3,850, with the 100-hourly Simple Moving Average acting as a key indicator. There is