Author: cointechies

Cryptocurrency analyst and trader Jason Pizzino outlines when Bitcoin (BTC) could rise and reach a new all-time high. In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is expected to stay below its record high of around $108,200 for more than a week, but not more than half a year. According to Pizzino, the longer Bitcoin consolidates below the all-time high, the stronger the upward move that could follow. “I I don’t think we’re about six months below that peak [of around $108,200]. What we expect is a longer period below the peak, no more than six…

The non-fungible token market experienced a sharp downturn as Bitcoin fell 4% to $94,000 and Ethereum fell to $3,300 last week. According to the latest data from CryptoSlam, the NFT market has undergone a significant correction, with total sales volume plummeting by 49.77% to $152.7 million over the past week. Despite the sharp decline in trading volume, market participation metrics show continued interest from new and existing traders. The number of NFT buyers increased by 50.97% to 531,208 The number of NFT sellers increased by 47.14% to 308,666 NFT transactions decreased by 13.26% to 1,477,340 NFT sales are down from…

Around a million Americans are expected to receive their share of the upcoming $2.4 billion payout from the Internal Revenue Service (IRS). The agency says it will send the funds by the end of the month to eligible individuals who have not claimed the Recovery Rebate Credit, a refundable credit for taxpayers who do not receive coronavirus-related stimulus payments on their 2021 tax return have. According to the IRS, some eligible Americans will receive up to $1,400. “No action is required for eligible taxpayers to receive these payments, which will be made automatically in December and should arrive in most…

The price of VERUM and PHALA recorded double-digit gains while Bitcoin fell back to the $94,000 mark. The global crypto market cap is not at its best, losing 2.11% in market cap in the last day. The overall bearish market conditions are visible across all top coins, with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) seeing declines over the past 24 hours. Amid this market situation, Verum Coin (VERUM) has surged over 88%, jumping from a 24-hour low of $1,120.20 to as high as $2,182 at last check on Saturday. Source: CoinGecko Last week, Verum announced via social media that…

Three prominent blockchain advocacy organizations filed a lawsuit challenging the Internal Revenue Service’s new reporting requirements for brokers. The organizations argue that the rules could have serious implications for the US digital asset sector, particularly decentralized finance (DeFi). The Blockchain Association, the DeFi Education Fund and the Texas Blockchain Council jointly filed the lawsuit in the US District Court for the Northern District of Texas. They contended that the IRS and Treasury Department’s final “brokerage” rules exceeded their authority. The lawsuit specifically seeks to expand the rule’s “broker” definition to include providers of DeFi trading front-end services, even though these…

Cardano, the ninth largest cryptocurrency by market, is in troubled waters. The recent dip has investors worried about ADA, although a recovery is still possible. After a steady decline since December, the price recently hit a monthly low of $0.84. This decline has raised concerns among investors about ADA’s near-term prospects, although subtle signs point to a possible recovery. A key metric, Cardano’s market value to realized value (MVRV) ratio, has fallen between -13% and -26%, a range often considered an accumulation zone. Historically, such numbers marked a rally for the altcoin. Strategic investors with a long-term perspective may find…

In the last week of December 2024, Beam raised $72 million through a public sale. Crypto fundraising data highlights gaming and infrastructure as key areas of focus. Weekly investments totaled nearly $120 million, compared to $400 million the previous week. Avalanche Labs led the way with a $250 million fundraising increase last week. Here’s a look at the other notable investments closing out 2024. Beam, $72 million $72 million was raised through public sale The focus of the project is the development of the Avalanche ecosystem Over 27,000 node tokens mintedWith @BuildOnBeam Have they successfully shown web3 the blueprint for…

Bitcoin hit $100,000 this year, sparking debate about where the world’s largest cryptocurrency might go in 2025. Bitcoin’s historic rise above $100,000 this year has sparked a new debate about where the world’s largest cryptocurrency could go in 2025. Some analysts expect a continued rise, pointing to new U.S. leadership and booming institutional interest in cryptocurrencies as catalysts. Others warn that regulatory and macroeconomic uncertainties could dampen upward momentum. Below is a summary of key expert opinions on where Bitcoin could be heading next year and why. The Trump administration is changing tone on cryptocurrencies The US presidential election last…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Solana and Cardano are attracting institutional attention as analysts rate 1Fuel as a promising altcoin. It’s been a busy December in the cryptocurrency market. Solana (SOL) is in the spotlight with a new wave of institutional interest, Cardano (ADA) is showing a recovery and 1Fuel (OFT) has surpassed $850,000. With a potential for a 500x return, 1Fuel stands out as a project that combines privacy and utility. Its technological improvements and market placement have encouraged analysts to list it…

Disclosure: The views and opinions expressed here belong solely to the author and do not reflect the views and opinions of the crypto.news editorial team. Although often viewed as a leader in financial and technological advancement, the United States has clearly struggled to establish clear (and consistent) crypto regulatory frameworks in recent years. This lack of clarity has allowed other countries, particularly in the Middle East and Asia, to take the lead. High-growth economies in these regions are creating frameworks tailored to digital assets that are often more effective than those in the West. These regulations provide a model for…