Coinbase has announced the discontinuation of its USDC rewards program for users in the European Economic Area (EEA) starting December 1, 2024. The decision aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which impose stringent rules on stablecoin issuers and crypto platforms. The USDC rewards program, which has
The Bitcoin rally in the crypto market has ignited the long-awaited altcoin season. Ethereum, the largest altcoin, with other altcoins, has chosen to trade on the upside over the past few days. However, the altcoin chart reveals a breakout above long-term resistance, signaling the fresh start of a bullish phase
XRP has been in upward momentum, hitting a six-day high of $1.58 after breaking through the $1.52 resistance level. Currently trading at $1.56, XRP has surged 7% in the past 24 hours, even as trading volume dipped by 13%. Over the past month, XRP has outperformed many other altcoins, gaining
The largest cryptocurrency, Bitcoin (BTC) has regained its lost momentum and trades at $95.7K. Ethereum (ETH), the largest altcoin reached $3.6K. This recent rally of ETH shifted focus to the altcoin market. However, with the Ethena market cap crossing $2 billion, the ENA price has surged by over 8.70%. In
Thena price is going sky high with its recent listing on Binance’s HODLer airdrops. THE token is trading above the $3.5 price level with more than 1800% weekly price rise. While the market cap is hovering around $277 million, 24-hour trading volume has already crossed $2.31 billion dollars. Thena is
On November 27, 2024, Russia’s Federation Council approved a crucial bill outlining the taxation framework for digital currencies. The legislation follows approval from the State Duma, the lower house of parliament, the day before. With President Vladimir Putin’s expected signature, the bill will soon become law, officially establishing new rules
XT.com, a Seychelles-registered cryptocurrency exchange, has suspended all cryptocurrency withdrawals following an alleged hack that resulted in the loss of $1.7 million. The exchange ranked 23rd on Coingecko and facilitating over $3.4 billion in daily trading volume, announced the suspension on November 28, citing a “wallet upgrade and maintenance.” #PeckShieldAlert
The cryptocurrency market cap rests at $3.31 trillion, registering a 2.59% surge in the past 24 hours. Despite the surge, the total trading volume has dropped by 8.36% to $201.06 billion. Notably, the Fear and Greed Index stands at 84, reflecting extreme greed. Bitcoin (BTC) has managed to recover from
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 recent attempt to break through the $100K mark faltered, with the cryptocurrency retreating to the $90K range, leaving the market wondering if a second attempt is on the horizon. Despite Bitcoin’s pullback, the buzz surrounding altcoins is growing, as the Altcoin Season Index (ASI) surges. Analysts suggest, If this
