While a large part of the cryptocurrency market is struggling with declines or trading sideways at best, Terra Classic (LUNC) has been recording increases, corresponding with the rising anticipation of a major upgrade that would allow technological parity with LUNA 2.0. Indeed, the Terra Classic core developer group ‘L1 Joint Task Force’ had earlier upgraded its rebel-2 testnet to version ...
The HM Revenue and Customs (HMRC) is proposing the introduction of new regulations that would give it the authority to take cryptocurrencies from companies that do not pay their crypto taxes. As a part of preparations to modernize how taxes are collected in the digital era, the Government is now considering suggestions that would give the tax agency capabilities to ...
Bitcoin (BTC) rose to $28,153 on Wednesday, May 10, after the latest consumer price index (CPI) report showed that US inflation fell more than expected in April. The world’s biggest crypto coin jumped more than 1.5% from $27,690 and added over $10 billion to its market worth in just a few minutes as crypto investors welcomed the fact that inflationary ...
While the cryptocurrency sector is starting to show signs of recovery after the recent Consumer Price Index (CPI) data showed that the inflation in the United States had risen less than expected in April, Ethereum (ETH) is no exception, but the danger of correction still exists. As it happens, Ethereum has reached an important demand wall at $1,850 – $1,905, ...
With the Pepe (PEPE) cryptocurrency rapidly gaining attention, it has emerged that the individual behind the coin’s associated meme was not aware of the digital asset’s existence. In particular, Matt Furie, creator of the legendary Pepe the Frog meme, has admitted lack of knowledge about Pepe despite the token’s recent surge in popularity across the cryptocurrency space, he said in ...
Although the cryptocurrency market has been in a bearish mood lately, shedding $20 billion from its market capitalization in a week, the uncertainty around Bitcoin (BTC) could be coming to an end, as suggested by a momentum indicator that points to the rate of whale accumulation of the flagship decentralized finance (DeFi) asset. As it happens, the Rate of Change ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Bitcoin (BTC) started May above the $29,000 level, however, the leading digital asset’s price subsequently lost support at both $29,000 and $28,000 and has since been struggling to hold above its current support level of around $27,500. This trend ...
Although the cryptocurrency sector has been going through a rough patch, its collective market capitalization threatening to drop below $1 trillion, some of its assets, particularly Solana (SOL) and Cardano (ADA), have performed better than others in terms of risk-adjusted returns. Specifically, among the top altcoins by market cap, Solana and Cardano, have recorded the highest year-to-date risk-adjusted returns for ...
The producer price index (PPI) is falling at the fastest pace since 1948, leading experts to warn of a severe economic reset. The rapid decline in the PPI is a concerning indication of the current state of the financial markets. Notably, the bottoming of the high-beta inflation gauge may draw parallels to the financial crisis trough in 2009, according to ...
With Bitcoin (BTC) and Ethereum (ETH) facing skyrocketing network fees amid the recent meme coin craze initiated by the launch and massive success of the PEPE token, Cardano (ADA) has assumed the leadership position among all blockchains in terms of daily transaction volume. Indeed, the 24-hour transaction volume on the Cardano network has amounted to a staggering $13.25 billion, well ...
