Crypto news
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Cryptocurrency
Forecast for XRP’s Price on November 25
Ripple’s XRP has recently shown a modest upward trend, responding to a crucial micro support region defined between $2.24 and $2.21. Although this price movement is encouraging, it lacks a strong impulsive character. Nonetheless, XRP has been printing higher highs and higher lows since reacting to the support zone, indicating a subtle bullish momentum in the market. Fibonacci Targets and Ideal Price Move The current price action is part of…
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Cryptocurrency
Ripple’s CTO David Schwartz Offers Perspectives on Crypto Staking During Tax Discussion
In a recent insightful discussion on X, Ripple’s Chief Technology Officer, David Schwartz, delved into the intricacies of staking within the cryptocurrency landscape. This conversation is particularly timely, as debates intensify over the tax implications of staking activities in the crypto world. Staking Rewards and Interest Income David Schwartz has drawn a clear distinction between the concepts of staking rewards and interest income. He emphasized that staking involves the creation…
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Cryptocurrency
Ripple’s CTO David Schwartz Offers Perspectives on Crypto Staking During Tax Discussion
Staking Rewards and Interest Income In a recent discussion, Ripple CTO David Schwartz offered valuable insights into the nuanced nature of staking within the cryptocurrency landscape. This conversation comes amidst ongoing debates regarding the tax implications of crypto staking. Schwartz emphasized the distinction between creating new value and transferring existing value. In his words, “Staking is the former, while interest income is the latter.” He further clarified that staking rewards…
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Cryptocurrency
Kraken and SEC Reach Agreement in Current Discovery Conflict
In a significant move within the cryptocurrency sector, Kraken, a major crypto exchange, alongside the United States Securities and Exchange Commission (SEC), has filed a joint stipulation and proposed order. This legal action is a response to Kraken’s intent to object to a recent ruling that favored the SEC. The court filing, dated December 23, marks a pivotal moment in the ongoing engagement between the two entities. Parties File Joint…
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Cryptocurrency
Kraken and SEC Submit Joint Agreement in Current Discovery Conflict
In a significant turn of events, cryptocurrency exchange Kraken and the United States Securities and Exchange Commission (SEC) have come together to file a joint stipulation along with a proposed order. This legal maneuver is part of Kraken’s strategy to challenge a recent court order that favored the SEC. The latest court filing, dated December 23, reveals that the plaintiff, the US SEC, alongside defendants Payward Inc. and Payward Ventures…
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Cryptocurrency
Cardano’s Release of 18.53M ADA Raises Concerns About Potential Price Decline
The cryptocurrency market is no stranger to volatility, and ADA, the native cryptocurrency of the Cardano blockchain, is currently facing its own set of challenges. Amidst existing market fluctuations, Cardano’s upcoming token unlock has stirred concerns among traders and investors about a possible decline in ADA’s value. Let’s delve into the details surrounding this situation and what it might mean for ADA’s future. Cardano (ADA) Token Unlock Scheduled As of…
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Cryptocurrency
Cardano’s 18.53M ADA Release Raises Concerns of Potential Price Drop
The native cryptocurrency of the Cardano blockchain, ADA, is navigating through turbulent waters due to market uncertainties. A recent development concerning Cardano’s token unlock has heightened fears among traders and investors, sparking concerns about a possible decline in ADA’s price. Cardano (ADA) Token Unlock Scheduled On December 24, 2024, the crypto insights provider, Tokenomist, disclosed on X (formerly known as Twitter) that the Cardano blockchain is preparing to release 18.53…
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Cryptocurrency
Can the Bitcoin Reserve Plan Be Halted by the Federal Reserve?
In a recent press conference following the monetary policy meeting, Federal Reserve Chair Jerome Powell made a significant announcement regarding the institution’s stance on Bitcoin. He firmly stated that the Federal Reserve has no intention of participating in any government initiative to acquire Bitcoin. Powell emphasized that decisions of this nature fall under the jurisdiction of Congress, and the Fed does not seek changes in legislation to permit Bitcoin holdings.…
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Cryptocurrency
Can the Federal Reserve Prevent the Implementation of the Bitcoin Reserve Strategy?
In a recent press conference following the monetary policy meeting, Federal Reserve Chair Jerome Powell emphasized that the Fed has no intention of participating in any government initiative to accumulate Bitcoin. He clearly stated that such decisions fall under the purview of Congress, and the Federal Reserve does not seek to alter existing legislation to permit Bitcoin holdings. This announcement had an immediate impact on the market, causing Bitcoin’s price…
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Cryptocurrency
Crypto Update for December 24, 2024: Bitcoin Valued at $93,000
Market Overview: Stability Returns The cryptocurrency market is regaining its footing after a turbulent period, with the total market capitalization now holding steady at an impressive $3.31 trillion. Despite a challenging intraday trading session that saw a 1.50% dip, bringing numbers to $150.08 billion, the overall market sentiment remains balanced. The Fear & Greed Index, currently at a neutral score of 55, underscores a stable mood among investors. Bitcoin Price…
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