The recent market correction on April 12 caused a drop in the value of various digital assets, including Shiba Inu (SHIB), which experienced a 6% decline on a weekly scale and a 20% decrease over the past month. Despite this negative trend, many analysts are optimistic about SHIB’s potential for a substantial rebound in the
Tax crimes involving cryptocurrency are on the rise, according to IRS criminal investigation chief Guy Ficco. Ficco highlighted a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These crimes include failure to report income from crypto sales
When looking at the impact of Bitcoin Halving events on the flagship cryptocurrency’s price, it is essential to consider opinions from various analysts in the field. Hannah Phung, a lead analyst at on-chain analytics platform SpotOnChain, shared her perspective on how Bitcoin’s price tends to increase around 6 to 12 months after the Halving, rather
The world of cryptocurrency has not been immune to the attention of the ultra-wealthy elite, as high-net-worth individuals with assets worth millions and billions of dollars are now looking to diversify their portfolios by entering the digital asset market. Barbara Goldstein, the Managing Partner at R360, an exclusive networking and investment club for the uber-rich,
Over the past few weeks, Cardano (ADA) has experienced a downward trend in its price. After reaching a peak of $0.808 on March 11, the price of ADA has dropped by more than 28%, currently trading just below the $0.60 mark. This decline has caused Cardano to slip down to the 10th position among the
Bitcoin, the leading cryptocurrency in the market, has been garnering attention as it hovers around the $70,000 threshold, showing signs of a notable recovery. With the upcoming much-anticipated Bitcoin Halving event, Rekt Capital, a well-known cryptocurrency analyst, has provided valuable insights into the market dynamics surrounding this event. His analysis outlines three distinct stages that
Robert Kiyosaki, a well-known American author and financial educator, has recently expressed his support for a bold prediction made by Cathie Wood’s asset management firm, Ark Invest. Wood’s firm predicted that Bitcoin (BTC) could reach a staggering $2.3 million per coin. Kiyosaki believes in Wood’s forecast due to her reputation for intelligence and his belief
In the world of meme coins, investors are constantly on the lookout for the next big thing that could potentially offer massive returns. With Shiba Inu (SHIB) consolidating and investors seeking higher upside, the spotlight has now shifted to an exciting new meme coin called Sponge (SPONGE). While Shiba Inu remains a prominent player in
Dapper Labs, the company known for popular NFT projects like NBA Top Shot and CryptoKitties, found itself in the midst of an SEC investigation. Although the case was closed in September 2023, questions still linger about the details of the investigation and its impact on Dapper Labs and the NFT market as a whole. The
Coinbase, a prominent crypto exchange, recently received acknowledgment from the Financial Crimes Enforcement Network (FinCEN) for its substantial contributions to major criminal investigations. The recognition, conveyed through a letter to Coinbase CEO Brian Armstrong, highlighted the exchange’s role in supporting law enforcement efforts through its compliance and reporting practices. The acknowledgment from FinCEN comes at
