Bitcoin and the wider cryptocurrency market face significant selling pressure, resulting in over $900 million in liquidations within the past 24 hours. Ethereum (ETH) has witnessed a substantial decline, plunging by a remarkable 8% and reaching levels as low as $3,250. Ethereum Whale Action The whale transaction in the Ethereum ecosystem have shot up significantly…
Over the past week, the non-fungible token (NFT) market has experienced a 12.26% drop in sales, reaching a total of $463.87 million. This decline follows a trend from the previous week. Notably, Bitcoin-based NFTs led the market with sales amounting to $265.61 million, despite a 13.71% decrease from the week before. Concurrently, Solana’s NFTs have…
In the ever-evolving realm of online gaming, Immutable has carved a niche as a key influencer, becoming synonymous with web3 gaming. Hosting over 200 financially solid games, the platform distinguishes itself through its commitment to fostering a nurturing environment that promotes the growth and success of these games. At the heart of Immutable’s strategy is…
Decentralized Finance, often referred to as DeFi, represents a revolutionary shift in banking and financial services. Utilizing blockchain technology, it enables direct transactions between peers. This guide examines the nuances of DeFi, including its functioning mechanism, advantages for users, its impact on conventional banking systems, and the associated risks. Introduction DeFi, short for “decentralized finance,”…
Ethereum represents a form of digital currency or cryptocurrency, operating purely in the digital realm. As one of the leading cryptocurrencies, it stands second in market capitalization (as of April 2022), trailing only Bitcoin, which is often seen as synonymous with cryptocurrency. The world of cryptocurrency is marked by diverse opinions, ranging from advocates who…
Bitcoin, widely recognized as the pioneering cryptocurrency, emerged in 2009, setting the stage for a new financial era. However, the digital currency landscape extends far beyond Bitcoin, featuring a diverse array of “altcoins,” which are essentially alternatives to Bitcoin. While Bitcoin remains the most prominent in terms of market presence and value, other cryptocurrencies have…
The rapid fluctuations in the value of cryptocurrencies like Bitcoin and Ethereum have raised significant tax concerns among crypto traders. The United States Internal Revenue Service (IRS) is intensifying its regulatory actions, and it’s crucial for everyone involved with cryptocurrencies, whether through holding or trading, to be aware of the legal implications to avoid potential…
