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Altcoins News
Bitcoinist
18h
70
Image Credit: Bitcoinist
The Market Sell-Off Isn’t Deterring Institutional Crypto Investors, Inflows On An Upward Trend
- Institutional crypto investors continue to invest in digital asset investment vehicles despite the market sell-off.
- According to a CoinShares report, digital asset investment products received inflows of $308M last week.
- Bitcoin ($BTC) saw $375M in net inflows, while Ethereum ($ETH) received $51M.
- Whale activity in tokens like Ethereum and Dogecoin suggests a potential shift in market sentiment.
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99Bitcoins
18h
258
Singapore Issues 13 Crypto Licenses In 2024, Outpacing Hong Kong’s Slow Progress
- Singapore has issued 13 cryptocurrency licenses in 2024, surpassing Hong Kong's slower progress.
- Major industry players such as OKX, Upbit, Anchorage, BitGo, and GSR have received licenses in Singapore.
- Hong Kong has only licensed seven platforms, facing regulatory challenges and limitations on altcoin trading.
- Singapore offers a more stable environment and a balanced regulatory approach, attracting digital-asset firms.
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99Bitcoins
18h
239
IRS Reaffirms Staking Rewards Are Taxable, Says They Are Not New Property
- The US Internal Revenue Service (IRS) has reiterated its stance that staking rewards are taxable income upon receipt, rejecting claims that they should be treated as new property and taxed only upon sale.
- The IRS claims that staking rewards must be reported as income based on their fair market value at the time the taxpayer gains the ability to sell or otherwise dispose of them.
- The agency cited Revenue Ruling 2023-14 as the foundation for its position, stating that staking rewards should be reported as income at their fair market value.
- This clarification comes amidst a legal challenge from Joshua and Jessica Jarrett, who argue that staking rewards should not be taxed until they are sold or exchanged.
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99Bitcoins
18h
166
EU Crypto Policy: What To Expect In 2025?
- MiCA and DORA are set to transform Europe’s financial environment by increasing crypto regulations across all 27 member states.
- MiCA regulation will become fully implemented by December 30, 2024, which is set to strengthen crypto regulations and investor confidence with market stability.
- The new regulations are designed to provide a standardized regulatory environment for digital assets, enhanced anti-money laundering regulations, and licensing regimes.
- However, MiCA does not include decentralized finance or non-fungible tokens, which is a major limitation in its supervision capabilities.
- The call for a bitcoin reserve is gaining momentum in European political circles to position it as an alternative to traditional fiat systems and CBDCs.
- Meanwhile, skepticism toward the European Union’s digital euro project is increasing over resistance to individual financial autonomy and wider implications for conventional banking systems.
- The EU is intensely thinking about policies to address vulnerabilities in smart contracts and use complex transaction flaws to evade detection.
- The EU is also considering necessary transparency for DEXs and improved blockchain interoperability to tackle money laundering and maintain secure transactions.
- MiCA’s emphasis on asset-referenced tokens (ARTs) and electronic money tokens (EMTs) is one of its biggest successes, as they offer stability and transparency with faster payment processing and distributed ledger technology.
- MiCA guidelines will influence how cryptocurrency service providers function within a single market and are subject to review by the European Parliament and Council to avoid regulatory sanctions.
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Bitcoinist
18h
317
Image Credit: Bitcoinist
Flockerz ICO Enters Its Final Stage With $7.7M Raised, 29 Days Left to Join the Flock
- Flockerz ICO has raised $7.7M in token sales with 29 days left in its presale.
- Flockerz ($FLOCK) offers a unique selling point where token holders can vote on the project's future direction and earn more tokens by voting.
- The current price of $FLOCK is $0.006504 with a staking APY of 356%.
- Best Wallet, a crypto wallet and presale aggregator, simplifies the process of buying meme coins like Flockerz.
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TronWeekly
19h
289
Image Credit: TronWeekly
FTT 80% Surge Amidst SBF Pardon Rumors
- FTT price surging on SBF pardon speculation.
- Higher lows signal a potential 80% price surge.
- Technical analysis confirms strong bullish momentum.
- Rumors of potential presidential pardon for SBF due to political donations.
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17 Likes
99Bitcoins
19h
118
Virtuals Protocol: The AI Agent Launchpad Rockets Past $3 – Will The Hype Last?
- Virtuals Protocol has surpassed the $3 mark, currently trading at $3.10.
- The protocol has seen a remarkable increase of 30,000% since its launch one year ago.
- Despite a decline in AI agent launches, trading volume has increased to $529,309,743 in the last 24 hours.
- The surge in AI Agents could mark the start of a new trend in the crypto industry.
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7 Likes
Bitcoinist
19h
241
Shiba Inu Whale Transactions Spike 265% In Last 24 Hours, Can SHIB Drive Toward $0.00004?
- Shiba Inu (SHIB) has seen a 265% increase in whale transactions in the past 24 hours.
- This surge in whale activity comes after a period of decline and profit-taking among Shiba Inu investors.
- The increase in whale activity raises the possibility of a Shiba Inu price rebound.
- For SHIB to reach $0.00004, it needs to sustain the current buying momentum.
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TheNewsCrypto
19h
111
Image Credit: TheNewsCrypto
Solana Shows Signs of Stabilization Amidst Price Fluctuations
- Solana (SOL) has experienced price fluctuations but shows signs of stabilization.
- The recent pullback aligns with the 61.8% Fibonacci retracement level, suggesting a possible price reversal.
- On-chain data reflects mixed sentiment, with funding rates turning negative but top traders remaining bullish.
- Solana's network activity remains strong, with high total value locked and daily transaction volume.
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TheNewsCrypto
19h
200
Image Credit: TheNewsCrypto
Can Bulls Push USUAL Beyond Its 25% Surge?
- USUAL surged 25%, trading at $1.32 with a $624.74M market cap.
- Support lies at $1.20, resistance at $1.44, with potential to hit $1.60.
- USUAL has seen a significant surge in the past day, climbing 25% and trading at $1.32 at the time of writing. Its market cap has grown by 22.58%, reaching $624.74 million. The 24-hour trading volume stands at an impressive $1.01 billion, showing an 88.76% increase.
- Analyzing the chart, USUAL’s price is above the moving averages (MAs). The 9-day MA is at $1.1358, and the 21-day MA is at $0.8252. This crossover signifies bullish momentum, as the short-term average has surpassed the longer-term one. If the price remains above the $1.20 support level, it could test the next resistance level of $1.44.
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12 Likes
TheNewsCrypto
20h
137
Image Credit: TheNewsCrypto
Hedera (HBAR) Bulls Take Charge As Price Surges 12%
- Hedera (HBAR) price surges 12.51% in the last 24 hours.
- Altcoin sector shows significant surges in the past day.
- HBAR technical indicators suggest positive predictions for price sustainability.
- Other leading altcoins also show positive market momentum.
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8 Likes
TheNewsCrypto
21h
0
Image Credit: TheNewsCrypto
Ripple’s XRP Gains Momentum With Growing Whale Activity
- Whales transferred 60 million XRP worth $132 million in 24 hours.
- XRP price rose 3.54 percent to $2.25 with $7.67 billion trading volume.
- XRP's growth is driven by whale activity and the launch of RLUSD stablecoin on the Ledger.
- XRP's technical analysis suggests potential upward momentum and strong market appeal.
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Crypto-News-Flash
22h
306
Image Credit: Crypto-News-Flash
Altcoin Trading Tips for 2024: Insights from Crypto Expert
- A crypto expert emphasizes buying in 2024 to prepare for the next bullish wave in the cryptocurrency market cycle.
- Strategic altcoin trading with a three-month horizon can yield significant gains, leveraging historical market cycles and consolidation phases.
- According to Alan Santana, buying throughout 2024, particularly before the market initiates its next significant bullish wave, is the key to becoming a 'big winner' in 2025.
- Past data supports the approach with altcoins doubling in value during extended consolidation phases, demonstrating the cyclical nature of crypto markets.
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18 Likes
99Bitcoins
22h
0
Best Last Minute Christmas Present: Generational Wealth
- Looking for a last-minute Christmas present? Consider crypto gifts that can ensure generational wealth.
- Crypto hardware wallets like Ledger Nano X or Trezor Model T are perfect for keeping cryptocurrencies safe.
- Crypto-themed apparel, gift cards to favorite exchanges, and fun crypto books or NFTs make great presents.
- For kids, consider sending Satoshis or small amounts of Ethereum to start their crypto journey.
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Coinpedia
23h
213
Image Credit: Coinpedia
Quantum Computing Stocks Surge : QTUM ETF Soars 50% YTD
- Call options trading value for quantum computing stocks has surged to at least 2,500% above average.
- Quantum stocks, including IONQ, RGTI, QBTS, and QUBT, have shown significant growth since December 1.
- Comparing quantum stocks to Nvidia, the latest performance is more aggressive.
- The QTUM ETF has surged by 50.13% YTD, reflecting growing confidence in quantum computing technologies.
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