XRP, the cryptocurrency known for its rollercoaster price movements, has historically faced a cold and harsh December. The memories of the devastating 66% drop in 2021 still haunt investors, casting a shadow of doubt on the market. While 2018 brought an astonishing 800% rise, reminiscent of a cheerful Christmas carol, such remarkable gains seem distant
The Japanese government has made a significant decision regarding the taxation of crypto assets held by corporations. According to the latest reports, the imposition of unrealized gains tax on these assets will be terminated. This new policy change is set to take effect on April 1, 2024, coinciding with Japan’s fiscal year. This move by
Bitcoin (BTC) miners have experienced a significant spike in transaction fee revenue in 2023, indicating a growing profitability in their operations. According to recent data from Coinmetrics, Bitcoin miners have collected a daily average of $2 million in transaction fee revenue. This figure reflects a staggering 400% increase compared to the previous year. It is
In the volatile world of cryptocurrencies, XRP, Ripple’s native token, has managed to defy odds and regain its upward momentum. Despite facing legal challenges, XRP has shown resilience and continues to make headlines in the cryptocurrency market. This remarkable performance is evident in its trading volume, surpassing $1.19 billion in the past day alone. Over
Bitcoin, the leading cryptocurrency, has been experiencing a remarkable year, with its value skyrocketing from approximately $16,500 at the beginning of the year to nearly $44,000 at present. This surge has led many experts to believe that Bitcoin is on track for a strong year-end performance. In this article, we will explore the factors contributing
Paxos, a stablecoin issuer based in New York, has recently made a strategic decision to expand its stablecoin issuance to the Solana blockchain platform. Previously, Paxos had exclusively operated on Ethereum. This move, set to take place on January 17, 2024, marks a significant milestone for Paxos in the highly competitive stablecoin landscape, where rivals
After intense deliberation and a consensus reached by the majority,, the EthereumPoW (ETHW) organization has officially announced its decision to dissolve. This move is in line with the organization’s commitment to complete decentralization. In a blog post, ETHW stated that the unanimous agreement to dissolve was based on a thorough evaluation of its ability to
Curve Finance, a decentralized financial platform, recently fell victim to a sophisticated exploit that resulted in the loss of $73.5 million. This incident highlighted vulnerabilities in the Vyper programming language and the need for improved security measures. While the community rallied together to recover a portion of the funds, it also raised questions about user
The recent ruling by a U.S. circuit court in Washington D.C., ordering the Securities and Exchange Commission (SEC) to review its rejection of a Bitcoin exchange-traded fund (ETF) application by Grayscale, has generated excitement among crypto industry investors. They believe that the approval of a Bitcoin ETF by the SEC will lead to a significant
Ethereum (ETH) has received significant attention in the crypto space in 2023 due to its position as the second-largest cryptocurrency and the most prominent altcoin. Despite experiencing multiple positive developments, ETH’s market cap growth of 85% falls short in comparison to other major assets. According to a report from crypto analytics firm IntoTheBlock, Ethereum’s market