Bitcoin (BTC) experienced a slight decline as it fell below $31,000 on Monday, reaching an intraday low of $30,042.38. This marks the third consecutive day of decline for bitcoin and is accompanied by the relative strength index (RSI) entering overbought territory. The RSI…
Bitcoin Cash (BCH) reached a new yearly high after a 145% increase in two weeks. Kava. (KAVA) rallied during the weekend but failed to clear a crucial horizontal resistance. Near Foundation (NEAR) did not increase that much during the weekend but began a…
The Japanese tax administration has implemented a 30% tax break for companies that issue cryptocurrencies. This comes as part of a revision to the country’s corporate tax rules. Previously, companies were taxed on unrealized gains at the end of a tax period, but…
Open interest in bitcoin futures exchanges has reached a record high for the year, driven by the recovery in the cryptocurrency market. The total open interest across several exchanges, including Binance, Bybit, and OKx, surpassed $11.5 billion on June 25. Despite a slight…
Bitcoin has reached a new record high on the eToro platform, exceeding $31,000. This surge in price can be attributed to institutional news developments, such as BlackRock’s attempt to launch a Bitcoin-based ETF, and the increasing limitation of token supply for trading. The…
Grayscale’s Bitcoin Trust (GBTC) has experienced a reduction in its discount to net asset value (NAV) due to the emergence of new filings for spot bitcoin exchange-traded funds (ETFs). On June 23, GBTC was trading at a 31.32% discount to NAV, a decrease…
Binance, the largest cryptocurrency exchange in the world, has announced that it will continue to offer trading in privacy coins in Europe, reversing its previous decision to delist them. The change in classification will spare seven coins from delisting in France, Italy, Poland,…
The Seoul High Court Civil Division in South Korea has ruled that Bitcoin should not be treated as money and is not subject to local lending business legislation and interest rate rules. The decision was made in a case between two undisclosed firms,…
Twitter has left the SHIB Army in disbelief as it has unexpectedly suspended the popular SHIBBurn bot, known for providing hourly updates on the burning of SHIB tokens. This move has sparked a strong backlash from the SHIB community. The bot has been…