While several countries are imposing heavy taxes on cryptocurrency gains, Hong Kong is easing the burden. Hong Kong plans to propose a tax exemption on cryptocurrency gains for institutional investors. According to a 20-page proposal seen by the Financial Times, the exemptions would extend beyond crypto to include a variety
Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a
Digital asset manager Bitwise has officially filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund. The filing, submitted on Nov. 27, seeks approval for a new ETF created to provide investors with indirect exposure to
The crypto market resumed its bull run in the last 24 hours, much to the joy of investors worldwide. Bitcoin is currently halted at $95.8K and is expected to surge further. However, the altcoin sector has gone full bullish, led by Ethereum, which recorded a 10% surge a few hours
Bitcoin mining company, MARA Holdings announced an additional acquisition of 703 BTC, totaling 6,474 BTC holdings at an average price of $95,395 per 1 BTC. The company acquired these Bitcoins with its latest 0% $1B convertible notes offering, following in the footsteps of Microstrategy. With our 0% $1 billion convertible
Donald Trump’s post-election narrative isn’t just about politics—it’s making waves in the crypto world. Market intelligence firm Arkham Intel reports that Trump’s cryptocurrency portfolio, worth $6.9 million, has seen significant growth since his November 5 presidential victory, fuelled by a strong market rally. Interestingly, while Bitcoin (BTC) has been a
Jed McCaleb, founder of the Stellar Development Foundation (SDF) and former Ripple CTO, has clarified Stellar with Ripple. Since there are comparisons between the two networks, McCaleb stressed the fundamental differences, including unique codebases, consensus mechanisms, and features. His remarks came in response to comments made by Cardano founder Charles
Ethereum co-founder Vitalik Buterin has once again demonstrated his commitment to advancing the cryptocurrency ecosystem. On November 27, blockchain analytics firm Lookonchain reported that Buterin sold several memecoins sent to his wallet, receiving 22.89 ETH in return, valued at approximately $76,500. According to Arkham Intelligence, these tokens were transferred to
While the global crypto market is stumbling due to Bitcoin’s sudden plunge to the $91K zone, Fantom (FTM) has emerged as the top gainer, surging to a 9-month high. Over the past 24 hours, FTM has climbed 21.74%, rising from a low of $0.9282 to an intraday peak of $1.13—a
American television personality Jim Cramer clarified his stance on cryptocurrency on his latest show. Cramer endorsed owning crypto as a hedge against inflation and mentioned it could save investors from the “government’s busted budget”. Being known for his outspoken and unapologetically opinionated nature on financial topics, his crypto views are
