Blockpit, a cryptocurrency tax software provider, has purchased competitor Accointing from blockchain analytics company Glassnode, extending its presence in the United Kingdom. The value of the transaction was not revealed by either firm. It was, however, a “multi-million dollar” transaction, as Florian Wimmer, CEO of Blockpit, revealed. Blockpit said on
November 7, 2023 2 mins read
Solana’s price has risen from $22 in mid-October to roughly $45 in the last week, gaining widespread attention. The remarkable aspect of this uptick is that it overcame the calamitous FTX crash after effects. CoinShares has reported that investors have poured $17.5 million into Ethereum, its highest since August 2022.
November 7, 2023 2 mins read
The Avalanche Blockchain Network’s parent business, Ava Labs, let off 12% of its staff on November 6. On Twitter, Ava Labs’ founder and CEO Emin Gun Sirer broke the news that the firm will be laying off 12 percent of its staff. With this decision, the business will be able
November 7, 2023 2 mins read
According to discussion documents issued by the two organizations on Monday, the Financial Conduct Authority (FCA) will manage the broader crypto industry, while the Bank of England (BOE) will control “systemic stablecoins” that are in widespread circulation and might disrupt the economy. The suggestions followed the U.K. government’s publication last
November 6, 2023 2 mins read
Despite the recent price slump, Solana has shown incredible resiliency in continuing its upward trend. Recent on-chain statistics shows that the cryptocurrency ended October with a 61.58% rise. The overall crypto market has been trading in red lately with the price of Bitcoin down 3.17% in the last 24 hours,
November 3, 2023 2 mins read
Investors are expecting an eventual rise in Bitcoin prices after the anticipated U.S SEC approval of a Bitcoin spot ETF, which is projected to drive more capital. Meanwhile, during its meeting in November, the Federal Reserve decided to leave interest rates unchanged. The next decision by the central bank might
November 3, 2023 2 mins read
The U.S. authorities said in a filing on Wednesday that a revised bankruptcy plan submitted by cryptocurrency lender Genesis last week marks a substantial change of intentions. Instead of reorganizing, the lender is now trying to sell off its assets. The filing by U.S. Trustee William Harrington said that the
November 2, 2023 1 min read
There is a direct correlation between the ecosystem’s total value locked (TVL) and the current spike in Cardano prices. According to the latest figures from DefiLlama, Cardano’s TVL has risen by 28.14% over the previous two weeks, to $210 million. $97.88 million of this TVL comes from the two major
November 2, 2023 1 min read
Finance Minister Mehmet Simsek told Turkey’s planning and budget committee late Tuesday that the country is in the “final stage” of introducing crypto legislation to its parliament, the last step necessary for it to be removed off the Financial Action Task Force’s (FATF) “grey list.” The “grey list” compiled by
November 1, 2023 1 min read
Following Bitcoin’s recent climb, numerous altcoins witnessed a rapid gain, resulting in huge fluctuations in the crypto market. Solana (SOL) continued to show their resilience with higher moves despite the altcoin market entering a consolidation state lately. While this was taking place, Solana’s price continued to rise, and now sits
November 1, 2023 2 mins read
