Critics like John Quiggin question bitcoin’s legitimacy, comparing it to worthless assets, but the value of any commodity, including bitcoin, often depends on community recognition and market demand. The analogy of the diamond rush in Zimbabwe illustrates that value is often realized only when a market exists. Australian Treasurer Wants Country to Be Proactive When … Read more
Whale accumulation and a potential breakout suggested that Brett may surge past $0.18 soon. Technical indicators and rising Open Interest reinforced the bullish outlook. A crypto whale has made a bold move in the Brett [BRETT] market, withdrawing 525 Ethereum [ETH] ($1.74M) from Coinbase and using 400 ETH to purchase 10.83M BRETT at $0.124. The … Read more
The Kekius Maximus memecoin (KEKIUS), which skyrocketed after Elon Musk’s brief identity change, has crashed 70% as the Tesla CEO reverted to his original name. CoinGecko data shows that the memecoin plummeted from around $0.33 to a low of $0.07 on Wednesday, wiping out over $280 million in market cap as it fell below $100 … Read more
Crypto whales are betting big on AI tokens following the first autonomous onchain transaction between two AI agents.
The US Internal Revenue Service (IRS) announced a one-year delay in the implementation of new tax reporting requirements for cryptocurrencies. It is now set to take effect on 1 January 2026. The postponement gives brokers more time to adapt to the regulations, which focus on determining the cost basis of cryptocurrencies on centralized platforms, according … Read more
Indonesia’s plan to shift crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) has yet to materialize. The transition, mandated by the Financial Sector Law, was expected to be completed by January 12, 2025, but progress has stalled due to the absence of supporting … Read more
The NFT market did not entirely disappear in 2024 thanks to projects like Pudgy Penguins and top collections from last year reaching price records. The market even posted a better performance compared to 2023. The NFT market survived 2024, but it did not return to previous peaks. PFP avatars remain a staple in the crypto … Read more
Satoshi Action Fund CEO predicts Bitcoin price to breach the $150,000 mark in 2025. Bitcoin year end price dip was due to large selloffs for tax purposes. Bitcoin started the new year with a slow recovery as its price witnessed around 2% rise in the last 24 hours. After plunging to around $91K price range … Read more
China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of … Read more
XRP price is up today after the open interest increased by 25% on the first two days of the New Year, indicating that new money entering the market.