Sen. Cynthia Lummis recently introduced the Lummis Crypto Tax Bill. This legislation would start to establish a clear and uniform legal framework for taxing these emergent digital assets. The bill sets a $300 de minimis tax exemption as the threshold for most digital asset transactions. This amendment will help crypto...
Cryptocurrencies are still developing, with many platforms and tokens already showing exceptional ability and room to grow. Hyperliquid, XRP Ledger (XRPL), Monero, and Bitcoin Cash made the cut as well. Each of these cryptocurrencies offers something different and new to the blockchain world. These cryptocurrencies are gaining traction due to...
India’s narcotics control agency Kerala has busted an alleged drug trafficking racket operating on the darknet. This operation exclusively used the cryptocurrency Monero (XMR) to carry out its transactions. Monero’s privacy-centric design and untraceable transactions made it the go-to option for criminals looking to hide their misdeeds. Law enforcement expressed...
The first Solana exchange-traded fund (ETF) launched on Wednesday and started trading on Wednesday morning. It debuted on the Cboe BZX, one of America’s stock exchanges based in Chicago. This launch represents a significant step forward in terms of the potentially increased acceptance of cryptocurrency focused investment vehicles after initial...
Today, the digital currency space is more vibrant and diverse than most realize. With thousands of different coins already in circulation and even more launching on a regular basis, it’s a competitive market. Savvy investors will try to figure out the best up-and-coming crypto coins to get involved with. Positive...
The Supreme Court’s decision to allow the IRS to obtain cryptocurrency data dealt a crushing blow to more than 14,000 Bitcoin users. This ruling is a powerful reminder that the government has the ability to regulate and force disclosure of data connected with Bitcoin transactions. The ruling sets forth a...
Malaysia’s Securities Commission (SC) has recently proposed shortening the initial public offer timeframe for specific cryptocurrencies on local exchanges. This program drives a quicker time to market for digital assets. It increases accountability of exchange operators and expands the variety of product offerings. The SC has put out a great...
Cryptocurrency has ascended to a power player’s position in the world’s financial system. It has more recently, and perhaps more importantly, captured the imaginations of investors, technologists, and regulators. Yet within the Muslim world, the acceptance of digital currencies such as Bitcoin is not that simple. It requires walking a...
Algorand (ALGO) is making big advances today, continuing strong upward momentum after recovering about 15% last week. At the same time, Monero (XMR) is undergoing a correction following its recent breakout. In addition to Ethereum Classic, Bitcoin Cash (BCH) is undergoing a major recovery, reaching an all-time high yesterday. These...
Coinbase user James Harper is now locked in a legal showdown with the Internal Revenue Service (IRS). The argument has focused on the public access to his cryptocurrency trading records. By ruling in favor of the IRS, the Supreme Court has given the agency permission to bypass a warrant and...
Okay, I know what you're thinking. "$543 million liquidated? How can that possibly be good for anyone?" Trust me, I get it. Nobody likes seeing that much money evaporate. Every once in a while, it takes a controlled burn to remove all the deadwood and open up space for a...
Last week’s dramatic plunge in the cryptocurrency market saw more than $543 million in positions liquidated. More than enough to underscore the serious risks associated with crypto trading, this event marks the … It’s particularly treacherous when you throw in market volatility, margin trading, and psychological drivers such as fear...
$543 million. Gone. Poof. Gone into the tempestuous flotsam and jetsam of the crypto markets in less than 24 hours. Greed’s price tag to more than 122,000 traders, that was the price tag of greed — a painful lesson imparted with cold and lethal efficiency. Bitcoin recently reached Bermuda Triangle-like...
Picture this: Siti, a young mother from Jakarta, juggling two jobs and dreaming of a future where her kids can go to better schools. She just cannot stop hearing the chatter and buzz around crypto, around how average people are becoming crypto millionaires overnight. She happens to discover Qubetics, notices...
Qubetics has featured widely on the crypto news circuit of late…thanks to a jaw-dropping 950% pump. For those new to the cryptocurrency scene, understanding what Qubetics is, its potential, and its risks is crucial before considering any investment. BlockchainShock is committed to teaching neophytes the fundamental concepts of Qubetics. Here,...
Is it really that far-fetched? Let's be honest, the world of crypto often feels like a parallel universe, but it's increasingly interwoven with the "real" world of politics and economics. Seeing Bitcoin blast past $112,000 is mind-blowing. And while everyone's talking about ETF inflows and short squeezes, I think we're...
Ethereum (ETH) has been on an incredible run lately, sending positive breakout signals in all directions and gaining the interest of investors and analysts across the board. Ethereum had an exceptional week, as ETH price surged by 36% in the last seven days. Just over the past month, it has...
We've seen Bitcoin blaze past $116,000. The headlines are screaming “new all-time high,” the crypto-sphere is all abuzz, and you’d think we’d solved world hunger by this point. But hold on before you refinance your home to invest in Bitcoin, let’s take a step back and examine the data. Because,...