Tag: crypto
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2023 Crypto Tech Roundup: From Smartphones to NFT Art Frames
Solana Saga smartphone In April, Solana introduced the Saga smartphone—a revolutionary device tailored specifically for the Solana ecosystem. With a built-in hardware wallet and a native store for decentralized applications (dapps), this smartphone represents the first step towards bringing crypto to a billion people. Decrypt labeled it as “polished and premium,” praising its intuitive Web3 […]
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AVAX and SOL Gain Momentum as Crypto Market Signals Bullish Momentum
Avalanche’s Price Correction However, Avalanche has not yet surpassed the $50 mark due to a sharp rejection over the previous weekend, causing a drop to $44. In a surprising development, investors have staked AVAX tokens worth over 1 billion in the past five days. Concerns about the AVAX token’s market trends have prompted investors to […]
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Japan Approves Tax Revision for Long-Term Crypto Holdings, Boosting Web3 Business
Eliminating Mark-to-Market Valuation for Long-Term Holdings Under the proposed revision, the mark-to-market valuation for crypto assets will no longer be applied if companies hold these assets for an extended duration. By removing this requirement, corporations will be relieved from paying taxes on unrealized gains derived from their long-term crypto holdings. According to industry insiders, short-term […]
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Xai Network Gears Up for Season One Token Airdrop, Creating Buzz in Crypto Gaming
Xai’s Native Token and its Role in the Ecosystem At the heart of Xai’s ecosystem lies its native token, which will become the network’s gas token. The platform envisions this token becoming the primary currency for gamers, facilitating seamless transactions for Non-Fungible Tokens (NFTs) and in-game items built on the blockchain. The upcoming token airdrop […]
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Analyst Bullish on Under-the-Radar Ethereum Scaling Solution; Eyes Injective and Optimism
Arbitrum (ARB) Primed for Upside Renowned crypto strategist, Pentoshi, known for accurately predicting the Bitcoin bull market of 2021, believes that one Ethereum scaling solution flying under the radar is poised for a significant surge. Pentoshi shared his bullish outlook on Arbitrum (ARB) with his extensive following of 727,200 on the social media platform X. […]
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Crypto Industry Mobilizes Millions in Political Fundraising as Scrutiny Intensifies
The Rise of Crypto in Political Fundraising This week witnessed a major milestone as Coinbase, Circle, and a16z collectively contributed a staggering $78 million to Fairshake, a federal super PAC dedicated to promoting “pro-crypto leadership.” This PAC has the unique ability to accept unlimited funding from both corporations and individuals for election spending. The move […]
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Digital Asset Anti-Money Laundering Act Faces Opposition, Threatening Crypto Innovation
United States AML Act Gains Support, Prompting Concerns The Digital Asset Anti-Money Laundering Act has garnered support from 19 U.S. senators, leading to concerns expressed by the Chamber of Digital Commerce. While the intent of the act is to combat money laundering, critics argue that it is essentially a crypto ban that could stifle innovation, […]
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TRON Founder Justin Sun Considers Memecoin Market Entry with Coconut Chicken Coin
Engaging the Community in a New Venture In a captivating development within the cryptocurrency world, Justin Sun, the innovative mind behind the TRON blockchain, is contemplating entering the meme-coin market with a proposed new digital currency called Coconut Chicken Coin (CCC). With the potential addition of CCC to the TRON ecosystem, Sun’s initiative has stirred […]
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Raydium’s Native Token RAY Soars 95% on Solana as Network Growth Booms
Raydium’s Rapid Rise The native token of Raydium (RAY), an on-chain order book automated market maker (AMM) built on Solana (SOL), has experienced a staggering surge of over 95% this week. Currently trading at $1.72, RAY has witnessed a significant increase from approximately $0.88 just one week ago. It is worth mentioning that this crypto […]
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Michael Novogratz’s Interviews Unveil Bitcoin’s Resilience and Regulatory Potential
Regulatory Landscape and Institutional Interest Addressing concerns about the exuberance in the crypto market, Novogratz noted the high enthusiasm in crypto stocks while acknowledging the possibility of a correction. However, he maintained a bullish outlook on the overall market. Novogratz also discussed the regulatory environment, emphasizing the bipartisan interest in Washington for clear legislation on […]