Cryptocurrency Analysis and News Portal
A recent YouTube video by crypto analyst Austin Hilton highlights a potential watershed moment for XRP that could dramatically impact the cryptocurrency’s future. The catalyst is the staggering $33 trillion national debt held by the United States government. While a default is unlikely, the compounding debt is likened to a “death
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The self-described anarcho-capitalist has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector." Source
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Rebel Satoshi meme coin building Flow recovering after dropping in 2022 RUNE could be overvalued Looking at how crypto is performing, November appears to be a continuation of October. Rebel Satoshi (RBLZ), Flow (FLOW), and THORChain (RUNE) are in focus. Amid this upswing, RebelSatoshi, a new meme coin, aims to reach a $100 million
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The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 17, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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The CryptoX Market Index has added almost 4% in the past 24 hours. Source
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On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs. The sustained bullish price action from altcoins has led
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Ethereum price started a downside correction and traded below $2,000. ETH must stay above $1,920 to start a fresh increase in the
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“Being able to wrap tokens is a valuable and necessary cross-chain interoperability tool,” said Michael Bacina, Digital Assets lawyer at Piper Alderman Lawyers. “To have a purely technological function triggering a tax event and tax payable is not something users would expect when using crypto-assets.” Source
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Prime Minister Rishi Sunak has been reshaping his cabinet ahead of the next general election, which must be held by 2025. On Monday, Home Secretary Suella Braverman was fired and replaced by James Cleverly, who was himself unexpectedly replaced as foreign secretary by former Prime Minister David Cameron. Source
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The Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment of decentralized finance (DeFi) and wrapping crypto tokens for individuals, clarifying its intent to continue taxing Australians on capital gains when wrapping and unwrapping tokens.In May 2022, the ATO outlined crypto capital gains as one of
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