Cryptocurrency

This time, Markus commented on the U.S. taxation system. This is his second recent comment on it, the first one was to do with crypto.To that, the DOGE founder responded with critique, stating that “The government is salivating over getting to re-tax the already taxed money when they die.”On Oct. 9, Markus stated that if the U.S. government believes crypto not to have innate or inherent value, then they should not take taxes on crypto sales. “Then return all the taxes y’all made me pay for receiving it you horrific evil hypocrites,” .He recently admitted that he likes Bitcoin and Ethereum but does not like ERC20 tokens based on the latter. Still, he has many times earlier stated that he believes crypto prices go up and down randomly and compared investing in crypto and NFTs to mental illnesses. This sounds even stranger since Markus himself makes and sells non-fungible tokens.In early January, Markus also revealed that he had to for selling NFTs in 2022. Back then, the ETH price was $1,190, and right after he sold his “bunch of ETH,” the price of the second largest crypto jumped by roughly 20%, reaching $1,220.The crypto community eagerly responded to that, some even offering to pay in crypto — XRP. However, a great deal of X app users seem to be unhappy about it. Billy Markus has addressed this issue in his X post today, stating that “If people enjoy using a product, they should be down with either paying for it or seeing ads.”He explained the obvious thing — businesses need to earn money in order to survive, pay salaries to their staff and so on. Markus said that this should be obvious but some people apparently need a reality check here.This article was originally published on U.Today More

At present, miners are primarily incentivized by the generation of new Bitcoins. However, in a future scenario where Bitcoin production ceases, the rewards would solely consist of these transaction fees. This shift could pose significant challenges to the security of Bitcoin transactions, according to White.Despite these potential risks, White underscored Bitcoin’s robust security history. He emphasized that the cryptocurrency has proven to be hack-proof so far. While expressing skepticism about Bitcoin’s role as a future currency, White indicated that other cryptocurrencies might be better positioned to fulfill this role. At the time of their conversation on Sunday, Bitcoin was trading at $29,906.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The total holdings of this crypto whale now stand at 63.92 million BLZ ($11.82 million), which constitutes 12.8% of the total BLZ supply. This investor has not accumulated any other tokens, leading to an unrealized gain of $5.25 million (77.4%).Whale 0xbf2, another significant holder in the BLZ market, owns 56,959,910 BLZ ($6.74 million), representing 11.4% of the total supply. These tokens were deposited from Binance on August 16, 2023. This investment has resulted in an unrealized profit of $5.77 million (+116%).The recent activities of these major holders indicate a strong interest in Bluzelle, contributing to its market dynamics and potentially influencing its price movement in the crypto market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

According to Cowen, Bitcoin’s dominance has remained consistently strong throughout 2023, with no weekly close below its bull market support band. This stability, he argues, has debunked the recurring narrative of an impending “alt season,” as previously each surge in alternative to cryptocurrencies has been short-lived, ending in a decline within weeks.Cowen’s analysis further revealed a sobering truth for altcoin enthusiasts. Major players like , , AVAX and consistently trailed behind Bitcoin in performance throughout the year. Even as the fourth quarter unfolds, Cowen remains cautious, indicating that substantial altcoin gains are unlikely.Expert’s overall outlook for the crypto market, especially altcoins, is pessimistic until the summer of 2024. He attributes this bearish sentiment to a draining liquidity trend affecting various financial markets, including the crypto sphere.However, the analyst does hold out a glimmer of hope, indicating that a potential market transformation could occur if the U.S. Federal Reserve adjusts its monetary policy toward quantitative easing or, in simpler words, starts printing money again.This article was originally published on U.Today More

The company’s decision comes amidst Bitcoin’s strong performance, which has been outpacing traditional assets and other major indexes. A recent chart comparison reveals a remarkable 147% growth in Bitcoin value since it was adopted as a treasury reserve asset (TRA) by MicroStrategy in August 2020. Compared to this robust growth, the S&P 500 and the Nasdaq Composite have shown increases of only 26% and 18% respectively over the same period.Simultaneously, traditional assets have been experiencing a decline. Gold, often considered a safe-haven asset, has dropped by 3%. Similarly, silver and bonds have seen significant slumps of 19% and 24% respectively.Despite these trends and the current lack of profitability due to Bitcoin’s average price, Saylor remains optimistic about the digital currency. He stated confidently that “Bitcoin is stronger.” His statement underscores his belief in Bitcoin as a valuable inflation hedge, often referred to as “digital gold.”MicroStrategy’s continued investment in Bitcoin underscores its commitment to the digital currency as a core part of its treasury strategy and its belief in its potential long-term growth.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The digital currency is currently in Wave 2, with a price range between $0.46 and $0.5286. It is expected to rise to $0.66 shortly, marking an increase from its current value. The median target for Wave 3 is set at $5.8563, with potential extensions reaching as high as $18.22 or $13. These targets represent a 3,426% increase and a 2,415% rally respectively.Dark Defender’s predictions are not financial advice but rather speculative projections based on the Elliott Wave pattern. Investors are advised to conduct proper research before making any investment decisions.Despite these optimistic forecasts, XRP experienced a minor dip recently with a 0.12% decrease in its trading value. However, this decline has not deterred the projected rally based on the Elliott Wave pattern.It’s important to note that these projections are independent of Ripple’s legal victories against the SEC. The cryptocurrency’s price movements seem to be more influenced by market trends and patterns than by the company’s legal outcomes.In conclusion, while XRP’s future performance is not guaranteed and remains speculative, current projections suggest a significant increase in value following the Elliott Wave pattern. As always, potential investors should conduct thorough research before making any investment decisions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

New Yorks attorney general has filed a lawsuit against cryptocurrency firms Gemini, Genesis and Digital Currency Group (DCG) for allegedly defrauding more than 23,000 investors through the Gemini Earn investment program. The suit claims that Gemini assured investors that the program was a low-risk investment, while investigations carried out by the office of New York State Attorney General Letitia James found that Genesis financials were risky. The lawsuit also charges Genesis’ former CEO, Soichiro Moro, and its parent companys CEO, Barry Silbert, with defrauding investors by attempting to conceal more than $1.1 billion in losses. In addition, the court case looks to ban Gemini, Genesis and DCG from operating in the financial investment industry in New York.Continue Reading on Cointelegraph More

Web3 isn’t just a buzzword — it’s a radical new paradigm where everyday people can not only experience and contribute to the digital world, but also directly and securely own part of it. Beyond Web3 native startups, this technology offers a range of benefits to Web2 companies that can help ensure their continued relevance.Continue Reading on Cointelegraph More