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September 24, 2022

How Long Will U.S. Dollar Index (DXY) Continue to Rise?

How Long Will U.S. Dollar Index (DXY) Continue to Rise?

The US Dollar Index (DXY) continues its parabolic rise. While it increased by 3% this week, commentators are asking when and at what level the dominance of the US currency will end. The strong dollar translates into a weak performance of other global currencies, traditional markets, and cryptocurrencies. The Federal Reserve (Fed) continues its policy …

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IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

The Internal Revenue Service (IRS) has received authorization from a U.S. district judge to sniff out individuals who attempt to sidestep taxes on their cryptocurrency transactions. The order comes at a time when digital asset adoption is seeing a surge, and the number of crypto tax evaders is subsequently increasing. A press release from the United States …

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Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

The crypto space is fraught with several opportunities to reward individuals for participation. In less than two weeks after its launch, SWEAT is focused on becoming the new king in the move-to-earn niche, taking the crown from STEPN. The free move2earn blockchain platform started as a web2app in 2016, rewarding every user with one Sweatcoin for every 1000 …

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This Week in Coins: Ethereum Takes Another Week of Losses, XRP Soars

This Week in Coins: Ethereum Takes Another Week of Losses, XRP Soars

The prices of crypto market leaders Bitcoin and Ethereum dipped on Wednesday following news that the United States Federal Reserve was hiking interest rates by another 75 basis points to stem the effects of inflation. Back in June, when the Fed first raised interest rates by 75 basis points this year, many remarked that the hike was the steepest …

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Nakamoto almost opted to name Bitcoin as Netcoin, domain data reveals

Nakamoto almost opted to name Bitcoin as Netcoin, domain data reveals

It has emerged that Satoshi Nakamoto, the anonymous founder of Bitcoin (BTC), might have had a different idea regarding assigning the name to the flagship cryptocurrency. In particular, historical domain registration data shows that Bitcoin.org, the website linked to the original Bitcoin, registered on August 18, 2008, could have been named Netcoin.org. Interestingly, Netcoin.org was registered …

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Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally. In a new interview with Cheeky Crypto, Charles Hoskinson, creator of the smart contract platform, says that if the US government were to pass the Financial Innovation Act, the crypto markets …

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Celsius has temperatures rising as parties claim priority over lost equity

Celsius has temperatures rising as parties claim priority over lost equity

A new faction of creditors have emerged in the Celsius [CEL] bankruptcy saga. Shareholders or investors with equity in the crypto lender have staked their claim for the bankruptcy payouts. Furthermore, these investors also filed a motion in the ongoing bankruptcy case. Celsius has temperatures rising Milbank LLP, filed a motion in the ongoing bankruptcy proceedings on behalf of …

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Bear Market FUD Could Signal More Blood for These Large Cap Cryptos

Bear Market FUD Could Signal More Blood for These Large Cap Cryptos

The crypto market is currently experiencing a downturn that has seen the value of crypto assets drop significantly, but some assets are experiencing a higher level of FUD compared to others. Major caps are taking a beating in the recent market conditions, with a particular look at Bitcoin (BTC), Binance Coin (BNB), Chainlink (LINK), and Dogecoin (DOGE). These majors have experienced a high …

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Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

The ongoing crypto market volatility has significantly impacted meme coins like Shiba Inu (SHIB), which recorded unprecedented growth in 2021. Despite the depressed markets, a section of SHIB investors are potentially betting on the asset to rally by increasingly accumulating the coin ignoring the current market conditions. In particular, as of September 23, SHIB had 1,226,030 holding …

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Tether’s USDT stablecoin goes live on Polkadot

Tether’s USDT stablecoin goes live on Polkadot

QUICK TAKE Tether has launched its stablecoin natively on the Polkadot ecosystem. USDT is the largest U.S. dollar-based stablecoin by market capitalization. Tether Limited has launched its USD Tether (USDT) stablecoin on Polkadot, an interoperable network connecting several proof-of-stake blockchains. Tether announced on Friday that the stablecoin was now natively available on Polkadot. USDT is the largest U.S. dollar-based …

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