Category: Latest news

[ad_1] Nearly 78% of Bitcoin’s total circulating supply is illiquid, according to Glassnode on-chain data analyzed by Cryptoslate, leaving less than 22% of all mined BTC moving around and exchanging hands.  The metrics show investors have been pulling their digital assets away from exchanges and storing them in custodial wallets, to avoid selling them.  Cryptoslate…

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[ad_1] Italy is planning to tighten regulation around cryptocurrencies by taxing capital gains beginning in 2023.  According to the European country’s proposed budget for next year, all digital currency profits above £2,000 will be subject to a 26% tax levy.  The provisions also declared that Italian investors who declare their digital asset holding by 2023…

[ad_1] The cryptocurrency market cap saw net inflows of $8.12 billion over the last 24 hours and currently stands at $861.02 billion — up 0.94% from $852.9 billion over the reporting period. Bitcoin and Ethereum’s market cap increased by 1.43% and 1.47% to $329.02 billion and $157.28 billion, respectively. Polygon led the gains among the…

[ad_1] BlackRock‘s CEO Larry Fink revealed that the asset manager had invested $24 million in FTX, which it considers lost. Fink added that the investment was small and not part of Blackrock’s core business. Fink confirmed the loss on Nov. 30 during an interview with New York Times columnist Andrew Sorkin. BlackRock was misled? After…

[ad_1] Speaking live at the New York Times Dealbook event, Sam Bankman-Fried declared that he did not “knowingly commingle funds.” “I was surprised just how big Alameda’s position was… I wasn’t trying to commingle funds.” When asked how he can accept the difference between his prior statement on Twitter that the issue with FTX came…

[ad_1] The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC), Brazil approving a bill to recognize Bitcoin as a payment method, and Animoca Brands launching $2 billion fund to invest in Metaverse.…

[ad_1] Cardano blockchain data shows explosive development activity and a 90% steady increase in active addresses. Despite the explosive growth failing to reflect across ADA prices, over 1,146 projects are building on top of the blockchain.  Whereas the Twitter space was meant to celebrate Muesliswap’s birthday, the platform called upon top Cardano projects to discuss…

[ad_1] According to a newly released report by the ECB, Bitcoin is in the final stages of becoming irrelevant due to its many shortcomings. The report stated that Bitcoin’s value stems from mere speculation, and its recent stability was the result of price manipulation.  Despite being touted as a revolutionary payment system and an investment…

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