Despite swimming in troubled waters, Ripple did not refrain from moving ahead with developments pertaining to its platform. The prominent firm has been fending off accusations of the sale of unregistered securities imposed by the Securities and Exchange Commission [SEC] of the United States. While that lawsuit is being spearheaded by a team of 21…
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The United Kingdom’s tax collection body, Her Majesty’s Revenue and Customs (HMRC) has issued a new document that explains taxation guidelines for cryptocurrency. UK Crypto Regulations The Cryptoassets Manual defines the tax rates for crypto transactions that involve businesses and companies. They specifically deal with cryptocurrencies like bitcoin. The detailed document goes over which taxes…
It’s currently trading inside either an ascending or symmetrical triangle. A breakout from this pattern is expected. All-Time High For COTI The price has been increasing since Feb. 8. On March 23, it reached an all-time high of $0.583 before dropping. This measured a 740% increase in only 43 days. However, technical indicators have turned…
Dapper Labs, the company behind the highly successful CryptoKitties and NBA Top Shot, has received $305 million in funding. Investors include Michael Jordan and Kevin Durant, with the entire round being led by investment firm Coatue. The new funding puts the company’s valuation at a staggering $2.6 billion — an incredible feat for a team…
NFTs on Ethereum use gas to mint them on its proof-of-work blockchain. Immutable X has found a way to offset this drain on resources through scaling. On March 30, BeInCrypto reported that over $1 million was spent in gas fees for the newly launched Polkamon NFT collection. So, there is a clear need to address…
Bitcoin (BTC) Update Bitcoin has been increasing since bouncing from support on March 25. Since then, it’s reached a local high of $59,800 on March 31. Currently, BTC is trading inside the $59,500 resistance area. This is the 0.786 Fib retracement level of the previous drop. Technical indicators have turned bullish. The MACD has given a bullish…
U.S. stock futures ticked down as investors sold down government bonds and richly valued technology stocks that had powered higher in a low-yield environment. Futures tied to the S&P 500 edged 0.3% lower, indicating that the broad market gauge could post a muted drop after the New York opening bell. Dow Jones Industrial Average futures…
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