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Bitcoin
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is…
Meme Coins Surge in Value, Gaining $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the…
Meme coins have been on a tear over the past month, increasing by $6.7 billion and 39.18% since Nov. 8. While bonk (BONK) led the pack this past week, rising 153% against the U.S. dollar, several other meme coins like dogecoin, shiba inu,…
Jack Dorsey’s Block Launches Bitkey: A New Self-Custody Bitcoin Wallet With No Seed Phrases
Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive…
December Sparks NFT Sales Surge — Bitcoin Dominates as Market Recovers, Iconic Collections Realign
In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week.
Bitcoin Outshines as NFT Sales Skyrocket in Early…
Altcoin Surge Outshines Bitcoin’s Modest Gain Amid Anticipation of Potential Altcoin Season
Bitcoin saw a modest increase of 1.8% in the past 24 hours as of Dec. 9, 2023. Meanwhile, more than 17 crypto assets experienced much larger gains, ranging from 7% to over 35% in the same timeframe. Despite this rise in various altcoins…
Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains
Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for…
The Bulk of Crypto Trading Volumes in Africa Are Generated by Institutional Traders — Farzam Ehsani
Farzam Ehsani, the founder and CEO of the South African crypto exchange Valr, has stated that institutional traders account for the bulk of the African continent’s crypto trading volumes. To support this point, Ehsani referred to…
Indian Government Confirms Commitment to Supporting Web3 Startups
The Indian government has confirmed its commitment to supporting startups that are innovating in the Web3 sector in India. “Web3 represents the future of internet and the government is committed to ensuring that the innovators and…
US Senator Calls for Light Crypto Regulation That Doesn’t Kill Innovation and Drive Companies…
A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking…
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company…