In the past week, digital asset investment products experienced a surge in buying activity, with inflows totaling an impressive $1.44 billion. This contributed to a staggering year-to-date inflow of $17.8 billion, breaking the previous record set three years ago. Despite this influx of capital, trading volumes remained relatively low at $8.9 billion, underscoring the relatively
South Korean lawmakers have recently put forward a bill that suggests postponing the implementation of the crypto gain tax until 2028. This proposal comes at a time when there is a noticeable decline in positive sentiments surrounding the cryptocurrency industry. The lawmakers argue that the taxation of virtual assets may not be ideal at this
XRP recently experienced a significant price surge, outperforming major cryptocurrencies in the market. The digital asset saw a 27% increase in price over a period, indicating a promising trend for investors. This surge comes amidst a broader rally in the cryptocurrency sector, with the market capitalization reaching over $2.4 trillion. Optimistic Predictions for XRP Some
Bitcoin has surged back to the $63,000 level, reaching a two-week high in early trading on Monday, July 15. Analysts have pointed out that this increase may indicate a break in the recent downtrend. According to on-chain analytics platform CryptoQuant, the move has been primarily driven by “U.S. whales” as institutional Bitcoin purchases have started
In a shocking turn of events, an investor fell victim to a devastating phishing scam on Blur Marketplace, resulting in the loss of $240,000 worth of NFTs overnight. This scam was not your typical phishing scheme involving deceptive emails or messages; it was a highly technical operation that exploited a vulnerability in Blur’s listing system.
Metaplanet, an investment firm based in Japan, recently made a significant purchase of Bitcoin worth 42.4 Bitcoin for approximately $2.4 million. This move was announced in a press release on July 8, where the firm mentioned its intention to add to its existing holdings of over 203 BTC. The decision to invest in Bitcoin is
Guild of Guardians is not only an RPG game but a platform that pushes the boundaries of Web3 gaming. The addition of Idol Sacrifice has brought a new level of excitement to the game, offering players the opportunity to acquire rare and powerful guardians through challenging and rewarding gameplay. Idol Sacrifice allows players to offer
The upcoming United States elections set for November could have far-reaching implications for the American crypto industry, as candidates hold divergent views on digital assets. Crypto exchange Coinbase predicts that crypto voters will play a pivotal role in the election’s crucial races, particularly the presidential competition. Crypto Ownership in Battleground States A recent survey conducted
Cryptocurrency, especially Bitcoin, is gaining significant importance in the political arena, particularly in the context of the 2024 presidential election. Recent polls have shown a shift in voter sentiments, especially among Republicans, based on their candidates’ stance on cryptocurrency. According to a study funded by crypto-focused investment firm Paradigm, a considerable number of Republicans have
Bitcoin (BTC) is currently facing a crucial moment in its price trajectory, with indicators suggesting conflicting signals about its future movement. While some metrics point towards a possible bottoming out of the recent correction, others indicate a potential further decline in the price. Stablecoin Liquidity Growth One key factor influencing the price movement of bitcoin
