Industry watchers are pointing to Bitcoin’s increasing correlation with the winning odds of former President Donald Trump. Source: https://cointelegraph.com/news/bitcoin-price-2-5-month-high-schiff-trump-pump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
MicroStrategy shares soar 1,540% since 2020, outperforming S&P 500
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period. Source: https://cointelegraph.com/news/microstrategy-stock-outpaces-sp500-growth-2020-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Italy to increase capital gains tax on Bitcoin from 26% to 42%
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Source: https://cointelegraph.com/news/italy-bitcoin-increase-capital-gains-tax-26-to-42?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russia Mulls Commodity Trading Centers to Bolster BRICS Economic Sovereignty
Russia has just unveiled a plan to reduce its reliance on the US-dominated global financial system. The plan is seen as a response to crippling Western sanctions. The plan involves setting up mutual centers for trading commodity resources, which will allow Russia and its partners to bypass US sanctions and maintain economic sovereignty. This move […] Source: https://news.bitcoin.com/russia-mulls-commodity-trading-centers-to-bolster-brics-economic-sovereignty/
‘Off the Grid’ Hex Guide: How to Extract the Most Hexes in the Battle Royale Shooter
With Off the Grid suddenly becoming one of the biggest games in the space right now, attention is starting to turn to the game’s promised earning potential, which looks to be tied to the hex system of loot boxes and the items they contain. Once all of the Avalanche-based crypto and NFT tech is fully implemented, we suspect that you…
LBank Unveils Future Compliance Strategy, Accelerating Global Expansion in the Crypto Market
On October 14th, Eric He, LBank’s Chief Angel Officer and Risk Control Advisor, shared insights into the exchange’s future market plans and global compliance strategy via social media. He noted, “To better meet the regulatory requirements of various jurisdictions, our official independent sites will launch in several regions by the end of this year and […] Source: https://news.bitcoin.com/lbank-unveils-future-compliance-strategy-accelerating-global-expansion-in-the-crypto-market/
Bitcoin Price Faces Correction Risk as Open Interest Surges Amid Low Trading Volume
Analysts are warning of a potential Bitcoin price correction as open interest in futures markets climbs to new highs for 2024, while trading volumes remain subdued. Experts have suggested that the imbalance between rising leverage and declining activity could create conditions for sudden price reversals if traders begin closing long positions. “Open interest has reached a new peak for the…
Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote ‘Western Civilization’
Praxis has announced a significant milestone, securing $525 million in financing to establish a new city designed to draw in crypto entrepreneurs and champion the ideals of Western Civilization. With a robust community of over 14,000 members across 84 countries and a collective valuation of more than $400 billion, the network state aims to create […] Source: https://news.bitcoin.com/network-state-praxis-secures-525m-financing-to-launch-new-city-meant-to-attract-crypto-entrepreneurs-and-promote-western-civilization/
First major step taken toward XRP ETFs: CME director
After the launch of spot Bitcoin and Ether ETFs, investors eagerly await the potential debut of XRP and Solana ETFs, which could significantly impact crypto markets. Source: https://cointelegraph.com/news/first-step-paved-xrp-etfs-cme-director?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Every Web3 Project Will ‘Have a Telegram Compliment,’ Animoca CEO Says
Robby Yung, the CEO of crypto investment firm Animoca Brands, predicts that every Web3 project will soon have a Telegram experience. This is the result of Telegram gaming exploding this year with crypto projects like Hamster Kombat attracting over 300 million users. Yung believes this represents the start of mass adoption. “Anybody with a Web3 app will have a Telegram…