“`html Reasons to Rely On Rigorous editorial guidelines emphasizing precision, significance, and neutrality Developed by field specialists and thoroughly examined The utmost criteria in journalism and publication Rigorous editorial guidelines emphasizing precision, significance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is at a critical crossroads after several days of persistent selling pressure, which has led to a price decline exceeding 12% since last Tuesday. Currently, trading around the $2,400 mark, ETH is finding it challenging to sustain bullish momentum, with…
Autore: wsjcrypto
“`html By Luisa Maria Jacinta C. Jocson, Senior Journalist THE PHILIPPINES’ balance of payments (BoP) shortfall expanded further in April as the administration settled its foreign liabilities, data from the Bangko Sentral ng Pilipinas (BSP) indicated. The BSP reported on Monday that the BoP deficit reached $2.56 billion in April, broader than the $639-million gap recorded a year prior and the $1.97-billion deficit in March. The BoP gauges the nation’s exchanges with the global community. A deficit signifies that more funds left the Philippines, while a surplus denotes that more money entered the nation than exited. “The BoP shortfall…
“`html ConsenSys is prepared to launch Linea, its ZK-rollup network, onto the primary Ethereum network. Linea employs zero-knowledge (ZK) cryptography to provide more economical and rapid blockchain transactions; ConsenSys asserts that fee rates, referred to as gas prices, will be 15 times lower on Linea compared to Ethereum. ConsenSys indicates that there are no current intentions for a Linea token. ConsenSys, the research and innovation company behind the widely-used Metamask crypto wallet, aims to introduce its layer-2 network, Linea, to the main Ethereum network this week. This so-called rollup network is identified as a zkEVM, which indicates it relies on…
Main points:The XRP (XRP) value is showing cautionary signals as a bearish technical formation unfolds on shorter timeframes, along with significant long liquidations and dropping open interest.XRP H&S pattern suggests a 14% price declineXRP’s price movement has established a head-and-shoulders (H&S) configuration on its four-hour chart since May 9, indicating a probable downward shift.The head-and-shoulders pattern is a bearish reversal configuration that can indicate a trend shift. It consists of three peaks: a higher peak (head) and two lower peaks (shoulders).This pattern is confirmed when the price dips below the neckline (the line connecting the lows of the left and…
An Australian court ruling may pave the way for up to $640 million in capital gains tax (CGT) reimbursements concerning Bitcoin transactions, following a judge’s determination that cryptocurrency should be regarded as currency instead of a taxable asset.On May 19, the Australian Financial Review (AFR) announced that the ruling stemmed from a criminal case involving federal officer William Wheatley, who reportedly unlawfully acquired 81.6 Bitcoin (BTC) in 2019. At the time, the digital currency had an approximate value of $492,000. Presently, the assets are estimated to be worth over $13 million.In this case, Judge Michael O’Connell from Victoria decided that…
The Zero-knowledge rollup ZKM has emerged from incubation under the MetisDAO Foundation, expressing its ambition to establish Ethereum as the “universal settlement layer for all blockchain and non-blockchain applications.” Backed by the foundation responsible for the Metis, a layer-2 Ethereum protocol, ZKM is pursuing a mixed strategy that merges Optimistic and Zero-Knowledge rollups into a single framework, as detailed in an announcement sent via email on Thursday. Rollups serve as a method to aggregate transactions, enhancing throughput while reducing transaction expenses. The initiative is set to commence operations on the Ethereum testnet in January of the upcoming year. Metis will…
Yesterday, Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), a prominent U.S. craft spirits manufacturer, declared that it will start accepting Bitcoin as a form of payment through its direct-to-consumer (DTC) e-commerce platform and will maintain bitcoin as strategic holdings under a newly sanctioned Cryptocurrency Treasury Reserve Policy. The policy, sanctioned by the company’s Board of Directors as a component of a wider sales and treasury diversification plan, was created by the Technology and Cryptocurrency Committee, led by tech and digital payments expert Matt Swann. This initiative positions Heritage as the first in the craft spirits industry to officially incorporate bitcoin…
DOMESTIC EXPENDITURE during the electoral phase and provincial investments once the prohibition on funding for specific infrastructure initiatives is lifted are predicted to mitigate the impacts of elevated US tariffs on Philippine economic advancement. “We anticipate that the repercussions of US tariffs can be balanced by electoral expenditure activities and the removal of the ban on certain public infrastructure post-elections,” Budget Secretary Amenah F. Pangandaman conveyed to BusinessWorld via a Viber message last week. Ms. Pangandaman, who leads the Development Budget Coordination Committee (DBCC), indicated that government investment spending is anticipated to increase in the forthcoming quarters. The Commission on…
“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure New Zealand officials have detained a Wellington-dwelling individual linked to a global hundred-million-dollar cryptocurrency fraud scheme. The investigation into this deceptive plot is overseen by the US Federal Bureau of Investigation (FBI), leading to simultaneous detentions of suspects in both countries. Global Crypto Fraud Scheme Yields 13 Suspects In a statement on May 16, Detective Inspector Christiaan Barnard from the New Zealand Police announced the Financial Crime Group’s achievement in capturing a suspect affiliated with a crime ring accused of misappropriating $450 million New Zealand dollars…
Legal representatives for Tornado Cash creator Roman Storm submitted a motion requesting the court to reassess the motion for case dismissal based on the prosecution’s failure to disclose exculpatory evidence involving interactions with the Financial Crimes Enforcement Network (FinCEN) from 2023.In a May 16 correspondence from Storm’s legal team to Judge Katherine Polk Failla, the FinCEN documents indicate that non-custodial cryptocurrency mixers do not meet the legal criteria for a “money transmitting business,” a fact that prosecutors have reportedly been aware of since at least 2023.Despite understanding the FinCEN advisories regarding cryptocurrency mixers, state prosecutors continued with legal actions against…