Cryptocurrency Analysis and News Portal
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project. Source
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The WallStreetBets token (WSB), which is linked to the WallStreetBets subreddit, dropped 90% in the last 24 hours following a big run higher that had seen its market cap jump to $50 million in under three days. The plunge came after one of the insiders connected to the project, @zjzWSB,
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On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental
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Lemon8 growth in the US could also get the attention of US regulators, especially due to its relationship with ByteDance. Chinese tech giant and TikTok developer ByteDance is pushing another social media app, Lemon8, into the US market as TikTok faces a possible ban. The popular short video app is under pressure
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Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited
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Soon after Elon Musk’s tweet, the Aptos token clocked a total trading volume of $460 million. On the technical chart, APT has formed a bullish pattern and could rally even further. In an interesting development, the Aptos token (APT) got an unexpected boost from the world’s second-richest man Elon Musk.
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On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking
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The Web3 project team of Japan's ruling Liberal Democratic Party has released a white paper containing suggestions for expanding the nation's industry, which has been incorporated into the national strategy by Prime Minister Fumio Kishida's administration.The Web3 project team aims to bypass the usual bureaucratic processes to formulate regulatory proposals
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The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle’s chief executive believes.Jeremy Allaire, the CEO of the USD Coin (USDC) issuer, took to Twitter on March 23 to share his reflections regarding the market
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“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be FOMC, in about 3 days, where the majority of the analysts believe we will see a 25 bps hike at
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