Author: Kryptonews
Understanding Bitcoin and Its Potential Bitcoin, the pioneering cryptocurrency, has captivated the world with its potential for decentralized finance and significant returns. While the market can be volatile, understanding the basics can unlock opportunities for earning crypto, even for beginners. This guide will walk you through several entry points, focusing on accessible and beginner-friendly methods. Getting Started: Setting Up Your Crypto Wallet Before you can earn Bitcoin, you’ll need a secure place to store it: a crypto wallet. Think of it as your digital bank account for Bitcoin. There are several types of wallets, each with its advantages and disadvantages:…
Introduction to Blockchain in Business Blockchain technology has emerged as a transformative force across industries, promising to reshape how businesses operate by enhancing efficiency, transparency, and security. Originally developed as the backbone of cryptocurrencies like Bitcoin, blockchain’s applications now extend far beyond digital finance, offering solutions for supply chain management, contract enforcement, and data integrity. Its decentralized and immutable nature ensures that transactions are secure, traceable, and resistant to fraud—key advantages in today’s trust-driven economy. How Blockchain Improves Operational Efficiency One of blockchain’s most significant contributions is streamlining business operations by automating processes and reducing bureaucratic bottlenecks. Smart contracts, for…
Key NotesKraken obtained a MiFID license via the acquisition of a Cypriot investment firm earlier this year.The license will grant Kraken more room to expand its crypto derivatives offering in the EU.Derivatives are now a major part of Kraken’s total trading and global crypto markets. Digital asset exchange giant Kraken has taken another step in its global strategy. According to the exchange, it has secured regulatory approval to offer crypto derivatives in the European Union. This follows a recently acquired license in Cyprus. Kraken Gains Ground in the European Market According to the exchange’s announcement, Kraken has received the green…
Photo: Tierney L. Cross Key Takeaways The SEC has delayed decisions on the 21Shares XRP ETF and the Grayscale Dogecoin ETF to evaluate compliance with regulations. Public comments are being solicited as part of the review process, with a review period extended beyond the original deadlines. Share this article The US Securities and Exchange Commission today extended its review period for spot crypto ETF applications from 21Shares and Grayscale, initiating formal proceedings to evaluate their XRP and Dogecoin investment products, respectively.The SEC suspended the original May 21-22 decision deadlines to further examine whether the proposals meet Exchange Act Section 6(b)(5)…
Key takeaways:Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors.$1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds.The aggregate open interest in Bitcoin (BTC) futures surged to a record high on May 20, raising questions about whether bearish positions are now at risk. Despite repeated failures to break above the $107,000 level since May 18, the sheer volume of leveraged positions could propel Bitcoin to a new all-time high.Bitcoin futures aggregate open interest, USD. Source: CoinGlassThe total open interest in BTC futures climbed to…
Despite being widely mocked online, former US president Donald Trump’s collection of digital trading cards have sold out in less than a day, netting US$4.5m in sales.On Wednesday, Trump alerted fans to a “major announcement” on his Truth social media platform. A day later, the 45th president of the United States revealed he was offering “limited edition cards featur[ing] amazing ART of my Life & Career”, which he promised would prove “very much like a baseball card but hopefully much more exciting”.The cards include the 76-year-old former commander-in-chief in a boxing ring, preparing to wrestle, as a race-car driver, an…
Bitcoin presents a unique challenge when it comes to taxation. Due to its characterization as property by the IRS, buying, selling, and even using Bitcoin can have tax implications. Remaining informed about the current regulations and understanding how to properly report your transactions is crucial for compliance. Characterization and Taxable Events The IRS classifies Bitcoin and other cryptocurrencies as property, not currency. This is a critical distinction because it means general tax principles applicable to property transactions apply. This leads to several events being potentially taxable: Selling Bitcoin: Selling Bitcoin for fiat currency (like USD, EUR) triggers a capital gain…
Introduction to Blockchain App Development Blockchain technology has evolved from the obscure world of cryptocurrency into a mainstream solution for secure, decentralized applications. As a developer, learning to build blockchain apps can open doors to cutting-edge projects, but the journey can seem daunting if you’re starting from scratch. This guide will walk you through the process of going from zero to blockchain hero by developing your first app. Understanding Blockchain Basics Before diving into development, it’s crucial to grasp blockchain fundamentals. A blockchain is a distributed ledger that records transactions across multiple nodes, ensuring immutability and transparency. Unlike traditional databases,…
Key Takeaways:India’s Supreme Court has warned that unregulated crypto is forming a dangerous “parallel economy”.Justices criticized the government for taxing crypto at 30% without providing a regulatory framework.Pressure mounts on Indian authorities to introduce clear crypto laws amid rising use and fraud cases.The Supreme Court of India is getting involved in the dispute over digital assets and is asking the government to quickly regulate cryptocurrencies like Bitcoin. The move follows repeated concerns over economic risks, fraud cases, and the contradiction of taxing unregulated assets.Read More: India’s Supreme Court Registers Landmark Crypto Petition Amid Legal UncertaintiesSupreme Court Raises Alarm Over Crypto’s…
Ethereum is holding firmly above the $1,793 support as the highly anticipated Pectra upgrade approaches on May 7. After weeks of sideways trading, the $1,793 support has become a critical zone, and its ability to hold could dictate Ethereum’s (ETH) next move. Ethereum now faces a potential turning point after a difficult start to the year, down 43% year-to-date and underperforming both Bitcoin (BTC) and Solana (SOL). The market is keeping a close eye on whether the impending technical update can spark new growth. The upcoming Pectra upgrade includes significant improvements that will enhance scalability, staking efficiency, and user experience.…
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