[ad_1] The crypto industry in the US may see more support under Kamala Harris’ leadership compared to the current Joe Biden administration. Harris More Supportive Than Biden, Trump ‘Undoubtedly’ More Favorable Alex Thorn, Head of Research at Galaxy Research, recently shared a detailed policy scorecard on X, juxtaposing the Biden administration’s crypto and blockchain policy stances, the potential Kamala Harris-Tim Walz administration, and the Donald Trump-JD Vance administration. Thorn noted that while a Trump victory would undoubtedly be more favorable for the broader crypto industry, a Harris win could still offer better support than the current Biden regime. He described…
Author: dfrancis36
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Italy plans to raise the capital gains tax on Bitcoin from 26% to 42%. This decision is part of the government’s efforts to finance costly election promises while reducing the fiscal deficit.Deputy Finance Minister Maurizio Leo announced the change during a conference call today (Wednesday). He indicated that the move is in response to the increasing popularity of Bitcoin, referring to it as a “spreading phenomenon.” This statement was reported by Bloomberg.Regulatory Changes Affect BitcoinOther countries have previously attempted to tax cryptocurrency trading, but these efforts have often failed to significantly boost government revenues. For example, India introduced stringent…
[ad_1] On-chain data shows the Bitcoin ‘Apparent Demand’ indicator has flipped back to positive. Here’s what this could mean for the asset’s price. Bitcoin Apparent Demand Has Surged Back Into Positive Territory In a new post on X, Ki Young Ju, the founder and CEO of the on-chain analytics firm CryptoQuant, discussed the latest trend in the Apparent Demand indicator for Bitcoin. “Apparent demand is the difference between production and changes in inventory,” notes Young Ju. “For Bitcoin, production refers to mining issuance, while inventory refers to inactive supply for over a year.” The mining issuance here measures the total…
[ad_1] The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin’s insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution. “It does not bring comfort that the people building this ecosystem, the people who arguably know this token’s value best, are unloading hundreds of millions of dollars of token into less informed buyers chasing momentum. As some of us have learned, whether now or later,…
[ad_1] Polkadot (DOT) has seen a price increase in the daily timeframe as the crypto market soars. Some market watchers suggested the cryptocurrency is gearing up for a breakout, setting new targets for the short and mid-term timeframes. Polkadot Breaks Out Of Falling Wedge Pattern Polkadot has registered a 10.9% increase in the last week following the market’s performance. DOT jumped from the $4.32 support zone to the $4.53 mark before retracing, registering a 4.8% daily surge in the early hours of Tuesday. The cryptocurrency also saw a 56% rise in market activity, recording a $259.3 million daily trading volume.…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] On-chain data shows around 91% of all Bitcoin holders have entered into the green following the latest rally towards the $66,000 level. Bitcoin Has Enjoyed Sharp Bullish Momentum Recently Bitcoin has kicked off the new week on a positive note as its price has surged around 4% to return to the same highs as back at the end of last month. The below chart shows how the cryptocurrency’s recent trajectory has looked. The price of the asset appears to have been riding an uptrend in recent days | Source: BTCUSDT on TradingView At the peak of this latest rally,…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours, BTC has gained 1.4%. According to a report by crypto exchange Bitfinex, Bitcoin’s decisive move past the crucial $63,000 resistance level, combined with encouraging on-chain metrics, points toward further potential upside move. Related Reading The report mentions…
[ad_1] The biggest publicly listed Wall Street Bitcoin (BTC) miner, MARA Holdings (NASDAQ: MARA), has announced the acquisition of a $200 million line of credit. The credit facility is secured by a portion of the company’s crypto holdings, highlighting the growing trend of cryptocurrency-backed financing in the corporate world.The statement presented yesterday (Tuesday) by MARA doesn’t delve too deeply into details, only informing that the cryptocurrency miner used a portion of its substantial Bitcoin stack to secure a $200 million line of credit.Fred Thiel, CEO, MARA, Source: LinkedInWhat will the funds be used for? Here too, no detailed information was…