Cryptocurrency Analysis and News Portal
U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales. The Biden administration is set to release its fiscal 2024 budget plan on Mar. 9 which is reportedly
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Crypto firms are in a race to pass the governance and money laundering checks monitored by the French financial market authority as new EU rules bed in. Source
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Meanwhile, this USDC/EUROC pool completed transactions on a public ledger, and did it really efficiently. During the study period, prices stuck within a few basis points of the conventional EUR/USD exchange rate. There was weekend liquidity, a time when the traditional FX spot market goes dark. And there were fewer
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The governance token of MakerDAO, MKR, topped gains last week, trackers on Mar. 5 show. MakerDAO leads weekly gains MKR roared roughly 27% in seven days ending Mar. 5, pushing its market cap to over $942m. At this level, MKR outperforms the broader crypto market, including bitcoin (BTC) and ethereum (ETH). Top weekly
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The platform also obtained a money transmitter license from the U.S. state’s financial regulator. Source
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Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns.In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems.Active addresses not copying bull market paradigmAs on-chain metrics flip green and
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Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against
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In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S.
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"If this is frontrunning, there could be a few reasons for it," he wrote. "Insider MNPI, most likely from a rogue employee connected to the listings team who would have details on new asset announcements, or a trader who found some sort of API or staging/test trade exchange leak." Source
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While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies.Bitcoin’s price gain practically
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