To start a centralized cryptocurrency exchange, you need a lot of liquidity to enable trades and attract buyers and sellers. The gross domestic product of a small country ought to …
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Ethereum Beats Visa As Its Market Cap Reaches $500 Billion For The First Time
The market cap of Ethereum has surpassed $500 billion for the first time in history at 3:46 a.m. UTC, which is a major milestone for the leading altcoin. Ether reached …
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EU Country To Reduce Cryptocurrency Tax By 50% To Attract “Billions” To Its Budget
Hungary’s economy minister Mihály Varga announced Tuesday that the tax on cryptocurrency earnings would be slashed to 15 percent in 2022, which is roughly half of the current rate of 30.5 percent. The move is expected to attract billions of Hungarian forints to the …
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eBay Now Allows NFT Sales
E-commerce giant eBay has updated its policy to facilitate the sales of non-fungible tokens, Reuters reports. Initially, the new functionality will be available only to trusted sellers in a few categories. …
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Hungary to plan Bitcoin (BTC) tax cut as part of economic recovery program
Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the Covid-19 pandemic. In …
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Cosmos DeFi To Heat Up With Launch Of Persistence
The idea of DeFi as a segment dominated by Ethereum is rapidly becoming an outdated concept. Binance Smart Chain, Polkadot, and Cosmos are all nurturing burgeoning DeFi ecosystems of their …
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Elon Musk asks whether Tesla should accept Dogecoin (DOGE) for cars
Tesla CEO Elon Musk has stirred the proverbial “doges’ nest” once again with another tweet about the quintessential meme coin, Dogecoin (DOGE). Tweeting on Tuesday, Musk ran a Twitter poll asking …
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Analyst Benjamin Cowen: Most Traders Will Miss Incoming Ethereum Tsunami
Crypto quant analyst and influencer Benjamin Cowen says most traders will miss out on Ethereum’s “tsunami” price action. In a new strategy session, Cowen tells his 373,000 YouTube subscribers that …
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Dogecoin (DOGE) Is Bumping Against Real Resistance But We See Limited Potential For DOGE
Bloomberg’s chief commodity strategist Mike McGlone has taken to Twitter to share his take on the fourth crypto asset with the biggest market capitalization – Dogecoin. He wonders if Elon Musk’s favorite …
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Bitcoin (BTC) mining consumes 8x more electricity than Google & Facebook combined
The rise of bitcoin in popularity and value continues to cast the spotlight on the asset over its potential. However, there is always a lingering question on how much electricity the cryptocurrency …
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