Israel has reportedly lost billions of shekels in potential tax revenue from cryptocurrencies, according to a report published today by the State Comptroller and Ombudsman. The audit highlights severe lapses in the nation’s approach to taxing digital currencies, revealing an estimated annual revenue loss of NIS 2 to 3 billion
The global crypto market turned bullish in Asian trading hours as Bitcoin (BTC) hit a new all-time high of around $75,011.06, which the cryptocurrency recorded an hour ago. This new turn has sparked optimism and led to a positive note for the altcoins. Among them, Solana (SOL) has surpassed Binance
How Bitcoin (BTC) and the crypto market will respond to the 2024 U.S. Presidential Election results remains a focal point of speculation. However, ahead of the outcome, two key players — BTC and Dogecoin (DOGE) — have charted rallies to prominent price peaks. Notably, the former hit its new all-time
Bitcoin reached a new all-time high above $75,000 today, marking a pivotal moment in the cryptocurrency market. The price of Bitcoin surged by more than 9%, touching $74,614. This latest rise followed favourable U.S. election results for the crypto-friendly candidate, Donald Trump. With Trump’s odds of winning climbing to 96%
As the US election day approaches, the price of Bitcoin is once again aiming to recover the $70,000 mark. Bloomberg analyst Eric Balchunas discussed the potential significance of the flagship cryptocurrency as an indication for the start of the election when it briefly broke over this price level. According to
exSat Network, a cutting-edge scaling solution that was developed to broaden and improve the Bitcoin ecosystem, is thrilled to announce the introduction of the exSat bridge, which will provide Bitcoin staking. As a result of this development, which comes just under two weeks following the introduction of the mainnet, Bitcoin
The much-anticipated U.S. presidential election has arrived, sparking a wave of tension across stocks, bonds, and the crypto market. Investors are preparing for potential turbulence as forecasts point to a highly contested race. Bitcoin remains a focal point, continuing to be viewed as a “Trump trade”, reports QCP. The “Trump
In October 2024, the crypto industry witnessed losses of $129.6 million, driven by various security incidents, including exit scams, flash loan attacks, and significant exploits. According to CertiK, a blockchain security firm, exit scams accounted for $1.2 million, flash loan attacks led to $1.5 million in losses, and a staggering
Bitcoin (BTC) is currently priced at $68,344, showing a 1.09% decline over the last 24 hours. The 24-hour trading volume surged 24.89% to $41.18 billion, underscoring renewed market interest. BTC’s market cap is $1.35 trillion, maintaining a dominance of 3.05%. Market attention is also on the circulating supply, totaling 19.78
External factors’ influences have not been novel to the crypto market since the beginning. As the US elections begin in the next few hours, community members wait with bated breath for the outcomes. Meanwhile, amid these tensions, previously bankrupt crypto exchange Mt. Gox showed a new activity approximately 6 hours
