Author: CryptoHoppers
With just months left until the 2024 U.S. election, former President Trump is looking to cement a potentially key group: the crypto community. According to Axios, Trump is in talks with an eye on speaking at the Bitcoin 2024 convention, which is expected to take place from July 25th – 27th, 2024, in Nashville, Tennessee. Axios reported this on Monday, citing two sources familiar with the development. Trump and his growing Bitcoin, crypto-friendly stance Bitcoin Magazine’s Bitcoin 2024 event is the largest BTC event of the year and it takes place right after the Republican National Convention ends. Notably, it…
Share this article Bitcoin (BTC) fell by nearly 6% in the last 24 hours and briefly lost the $60,000 price level. As BTC retests its previous all-time high as a support, the trader identified as Rekt Capital shared on X that history suggests the maintenance of this support with no further downside below it, as BTC was never capable of breaking the re-accumulation range resistance early in the post-halving period nor lost the support during this period. #BTC Bitcoin was never able to break the ReAccumulation Range High so early in the Post-Halving period BTC has also never lost its…
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence […] Source link
The price of XRP, the native token of RippleNet, has been caught in the crosshairs of a bearish crypto market. Currently trading below the crucial $0.50 mark, XRP seems to be following the broader market trend. However, a recent analysis by market analyst Tylie Eric throws a glimmer of hope for XRP holders, predicting a potential price surge based on a technical indicator. Related Reading Understanding Elliott Wave Theory Eric argues that XRP’s price movements might be following a historical pattern known as the Elliott Wave theory. This theory proposes that market trends unfold in a specific five-wave structure, with…
Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects. Added to that, the scheme will be offering financial and technical backing to the connected builders. This is being seen as a first step towards fortifying the bond with the Polygon community. In the very near future, builders will be provided the option of forwarding their projects for scrutiny. The scheme will entail the allocation of $20,000, coming under two…
Share this article Bitcoin and the crypto industry have become major topics in this year’s US presidential election. For many people disillusioned with current politics, Bitcoin could bring substantial change, according to Raphael Zagury, Chief Investment Officer at Swan Bitcoin, a Bitcoin investment platform. “It started with senators talking about bitcoin. Then we had more people talking about it. And now we have Trump coming in, and which was a surprise for most people, even for some of us who had been in Bitcoin for a long time, to hear him saying the positive things that he did,” stated Zagury…
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States […] Source link
Canada has a well-developed cryptocurrency market with numerous regulated exchanges and a growing number of cryptocurrency investors. As cryptocurrency becomes increasingly mainstream, the subject of cryptocurrency taxes is becoming ever more relevant. In this article, we will provide a quick explanation of crypto taxes in Canada and address some of the most common questions Canadian crypto users have about taxes. What are the crypto taxes in Canada? In Canada, income from cryptocurrency-related transactions is either considered as a capital gain or as business income. 50% of the capital gain made from cryptocurrency investing is taxable. For example, if you purchased…
This week, blockchain startups and various crypto projects collectively raised more than $100 million in venture capital (VC). Here’s a roundup of the funding activities between June 16 and June 22. The activity reflects a growing interest in diverse blockchain applications, from gaming and social networks to advanced cryptographic security. PQShield raises $37m in series B round Security startup PQShield emerged as this week’s biggest winner. It closed a $37 million Series B round to enhance its post-quantum cryptography solutions. Led by Addition, the funding round also included new investors such as Braavos Capital, Legal & General, and Chevron Technology…
Share this article Cameron and Tyler Winklevoss, the American entrepreneurs behind Winklevoss Capital Management and crypto exchange Gemini, got back part of their Bitcoin donations from Donald Trump’s presidential campaign after the funds surpassed federal limits, according to a recent report from Bloomberg.The twins said in recent posts that they donated $1 million worth of Bitcoin each to Trump’s campaign. However, under federal law, the campaign could only receive $844,600 from each supporter, which means the Winklevoss twins’ donations exceeded the legal limit, and the excess $155,400 was returned, a campaign official told Bloomberg.The donations were intended to be distributed…