Pinakabagong Balita sa Crypto at Market Updates

Bidens policy on crypto taxation undermines his environmental goals

crypto　　Bidens policy on crypto taxation undermines his environmental goals　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.　　The Internal Revenue Service appears strongly inclined to treat staking gains as immediate income. The penalties for getting sideways with the IRS can be draconian. And taxing, or threatening to tax, staking gains is bad policy — and, , bad politics.　　There are many excellent reasons not to treat staking gains in and of themselves as taxable events. The best reason is to put the IRS back in line with White House environmental policy to fight climate change.　　If the IRS won‘t administratively comply with the Biden administration’s clearly stated marquee policy, its time for Congress to clarify the law and prohibit the taxing of unrealized gains.　　Deferring gains until sale merely defers receipt of taxes by the Treasury. It doesnt cost the government even one thin satoshi. So, ？　　Crypto is legitimately subject to taxes in many ways. Youll pay taxes when you sell

2023-03-28Industriya

Comparing The Performance Of Blue Chip NFTs To Top Cryptocurrencies

Teknolohiya　　Comparing The Performance Of Blue Chip NFTs To Top Cryptocurrencies　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　It‘s no secret that the bear market has affected every section of the crypto industry. The onslaught has seen both top cryptocurrencies and NFTs decline drastically from their 2021 all-time highs, and are now trading for a small percentage of this value. However, some have performed better compared to others. In this report, we’ll take a look at both the top NFTs (Blue Chips) and the top cryptocurrencies by market cap and see how well they have performed compared to one another.　　Blue Chip NFTs Vs. Top Cryptocurrencies　　When talking about blue-chip NFTs, theyre quite easy to spot. These are the NFTs that have been able to reach a high value and were able to maintain their value without wild fluctuations. In a way, they tend to work like the top 10 cryptocurrencies that have had a better chance at holding their value.　　Now, when looking at blue chips like Bored Ape Yacht Club (BAYC) and Cryptopunks, they have dumped a lot from their peak. For example, BAYC is currently trading at $103,000 after peaking above $460,000, representing a 77% drop from its all-time high. Similarly, the

2023-03-28Industriya

All You Need To Know About eNaira: The Nigerian Digital Currency

Kabuhayan　　All You Need To Know About eNaira: The Nigerian Digital Currency　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Central Bank of Nigeria (CBN) launched its official digital currency on October 25th, 2021. The currency called eNaira, was developed by Bitt, a fintech company based in the Caribbean. At its launch in the State House in Abuja, the Central Bank governor announced that 500 million eNaira ($1.21 million) had already been minted. They also developed an app called the “eNaira Speed App” for citizens to trade with the new currency.　　eNaira: A New Alternative by CBN　　eNaira is backed by the government and utilizes the blockchain, open ledger technology, to prevent counterfeiting. The introduction of eNaira will enable peer-to-peer transactions. Unlike Bitcoin, this digital currency is supported by the Nigerian government and is pegged to Naira, the traditional or fiat currency of Nigeria. Thus, any fluctuations in the crypto market will not affect its value.　　The digital currency will help citizens to easily process digital transactions, reducing the need for physical currency notes. The eNaira wallet is needed to access, use and hold the currency. It is a digital storage that holds eNaira and can be used to exchange eNaira for other Central Bank

2023-03-28Industriya

CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

Ethereum　　CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification　　24 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The United States Commodity Futures Trading Commission (CFTC) filed suit against Binance on March 27 for violations of the Commodities Exchange Act and CFTC regulations. Those violations included transactions with Ether (ETH), according to the suit. This claim, at first glance, touched on a notable point of contention between the CFTC and the Securities and Exchange Commission (SEC).　　The CFTC claimed in its suit that Binance engaged in transactions with “digital assets that are commodities including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) for persons in the United States.” That was not a new position for the agency. The CFTC claimed ETH was a commodity in its suit against FTX in December and chair Rostin Behnam stated his opinion that ETH and stablecoins were commodities as recently as March 8 in a Senate hearing.　　The CFTC position on ETH was fairly uncontroversial before the Ethereum Merge; after Ethereum moved to a proof-of-stake consensus mechanism, SEC chair Gary Gensler commented on staking coins that “From the coin‘s perspective […] That’s another indicia that under the Howey test, the investing public is anticipating profits based

2023-03-28Ethereum

Ethereum Gears Up For The Massive Shanghai Upgrade: Here’s What To Expect

Ethereum　　Naghahanda ang Ethereum Para sa Napakalaking Pag-upgrade sa Shanghai: Narito ang Dapat Asahan　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Ethereum market is eagerly preparing for a major network upgrade known as the Shanghai upgrade, which is set to take place in less than three weeks. The upgrade will allow for over 17.7 million ethers to be withdrawn after two years of being locked. Ethereums core developers have scheduled the Shanghai upgrade to take place on April 12, when stakers can start requesting withdrawals.　　Read: What to Expect From Ethereums “Shanghai” Upgrade？ – Coinpedia Fintech News　　Short-Term Sell Pressure　　While the Shanghai upgrade is expected to cause some selling pressure in the short term, many Ethereum investors are expected to continue staking in the future. Additionally, the upgrade will make staking and unstaking Ethereum coins easier.　　Ethereums Growth and Price Analysis　　As a leading smart contract network, Ethereum has seen significant growth since its ICO in 2014, when the token launched at $0.31. However, the Ethereum price has decreased by over 63% from its all-time high, set at around $4,878 in November 2021.　　Related: Top Analyst Expects Ethereum Staking Surge After Shanghai De-Risking – Coinpedia Fintech News　　Ethereum‘s price has gained approximately 46% year-to-date and was trading

2023-03-27Ethereum

EUL Jumps 35% as Euler Finance Hacker Returns Another $100M Worth of Ethereum

Ethereum　　EUL Jumps 35% as Euler Finance Hacker Returns Another $100M Worth of Ethereum　　Balita ng Ethereum ng Bitcoin　　The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the majority of the funds stolen from Euler Finance.　　In two separate transactions, the perpetrator sent back over $100 million worth of ETH to the protocol.　　reported the flash loan attack, which took place earlier in March, that saw $198 million worth of USDC, staked ether, wrapped BTC, and DAI siphoned off the DeFi lending protocol. Later reports suggested that this vulnerability was evident for over eight months before the exploit.　　The team behind the project offered the attacker a $20 million bounty, which they rejected, and started laundering portions of the proceeds via TornadoCash.　　Interestingly, the perpetrator returned some funds to an Euler user who complained on Twitter. Shortly after, the attacker also sent back some ether to the DeFi protocol, while reports suggested that they could be linked to the notorious Lazarus Group.　　Further on-chain data from this weekend show that the hacker made two separate transactions returning over $104 million worth of ETH to Euler Finance.　　The first was carried out on March 25, in which they sent

2023-03-26Ethereum

David Gokhshtein Wonders if $10,000 Ethereum (ETH) Forecasts Are Extinct

Ethereum　　Nagtataka si David Gokhshtein kung Wala na ang $10,000 Ethereum (ETH) na mga Pagtataya　　Balita ng Ethereum ng Bitcoin　　Yuri Molchan　　Crypto enthusiast Gokhshtein ponders if ETH community still believes Ethereum can hit $10,000　　Nilalaman　　ETH upgrade Shanghai date announced　　Pagganap ng merkado ng Ethereum　　Founder of Gokhshtein Media, former U.S. congressional candidate, David Gokhshtein, who often tweets about major cryptocurrencies and meme coins (and owns bags of those too), this time has touched on Ethereum and the forecasts that were seen on Crypto Twitter last year and before about ETH being on the way toward $10,000.　　In his tweet, Gokhshtein wonders if the community of the second largest digital currency still believes that it has the potential to reach the above-mentioned high price level.　　He tweeted that he has not heard anyone talking about Ethereum hitting $10,000 on Twitter recently.　　We dont hear much talk about $ ETH hitting $10K anymore.　　— David Gokhshtein ®️ (@davidgokhshtein) Marso 24, 2023　　ETH upgrade Shanghai date announced　　As reported by U.Today about a week ago, the date for the much-anticipated Ethereum upgrade in Shanghai was finally announced on Twitter. The crucial hard fork for the Ethereum network will take place April 12.　　After that, stakers will be able to begin withdrawing their ETH from the Ethereum

2023-03-26Ethereum

Euler Finance Attacker Returns Over 58k Ethereum

Ethereum　　Euler Finance Attacker Returns Over 58k Ethereum　　Balita ng Ethereum ng Bitcoin　　According to on-chain data, Euler Finance exploiter returned over 58,000 Ethereum — worth over $100 million on March 25. The returned funds shot its EUL token up by 28%.　　In a series of March 25 transactions, the Euler exploiter first sent 51,000 ETH to the decentralized finance (DeFi) deployer address. The exploiter later sent another 7737 ETH to the protocol using the address “0x46e0Be” as an intermediary, according to BlockSec.　　Etherscan data showed that the exploiter transferred millions of DAI to another crypto wallet.　　Meanwhile, blockchain analytical firm Arkham Intelligence iniulat that the attacker still held $73 million worth of ETH and $43 million DAI in his address.　　Mga Transaksyon ng Euler Exploiter (Pinagmulan: Arkham)Will the Euler Exploiter Return the Remaining Stolen Funds？　　Since the March 13 theft, the Euler hacker has made several transactions that have baffled the crypto community. The attacker sent 100 ETH to a victim and transferred another 100 ETH to the North Korean-linked Ronin Bridge exploiter Lazarus. Besides that, the hacker had tried to obfuscate his transactions by moving 1000 ETH through sanctioned crypto mixer Tornado Cash.　　These transactions fueled speculations about the hackers identity and intent. However, the first signs

2023-03-26Ethereum

Long-Term Holders Are Moving Away From One Ethereum DeFi Altcoin, Says Analytics Firm Santiment

crypto Ethereum　　Long-Term Holders Are Moving Away From One Ethereum DeFi Altcoin, Says Analytics Firm Santiment　　Balita ng Ethereum ng Bitcoin　　Long-term holders of one Ethereum (ETH)-based decentralized finance (DeFi) altcoin are taking a step back from their investments, according to crypto analytics firm Santiment.　　In a new report, Santiment says that SushiSwaps (SUSHI) total value locked (TVL) has witnessed a massive 93% decline since November of 2021.　　In comparison, the TVL of SushiSwap competitor Uniswap (UNI) has only dropped 63% over the same timeframe, according to Santiment.　　The firm also says that the number of unique active wallets interacting with SushiSwap is seeing very little growth.　　Pinagmulan: Santiment　　As for Uniswap, Santiment says that the number of unique active wallets transacting on the network is on the up and up.

2023-03-26Ethereum

Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform

Crypto Banters Jonathan Fiorenza, a cryptocurrency analyst, recently shared his thoughts on the current state of Bitcoin and the cryptocurrency market. According to Fiorenza, Bitcoin is holding strong despite the chaos in the market.　　He pointed out that Bitcoin is currently trading at $28,000, which is 5% higher than its lows during the recent Jesse Powell speech. He also noted that Bitcoin has formed a strong support level between $26,000 to $27,000, which he sees as a good buying opportunity.　　However, Fiorenza has also warned that if Bitcoin starts closing below $27,800 within one-hour candles, there could be a possibility of further downside. He highlighted that there is a trend line on the one-hour chart, and if Bitcoin starts closing below it, there is a chance that it could come down to the $26,000 – $27,000 block.　　Altcoin Distribution Expected Soon　　Fiorenza then discussed the dominance of Bitcoin in the market and how it affects other cryptocurrencies. He asserted that the dominance of the king coin is currently at 48%, which he sees as a rejection area for the dominance to feed money back into altcoins. He explained that whenever Bitcoin hits the 49% mark, it has always resulted in a few weeks of

2023-03-26Ethereum

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