The recent decline in Bitcoin amidst widespread macroeconomic ambiguity may not facilitate a swift return to its January $109,000 all-time peak (ATH), as some analysts anticipate.“We ought to consider that we are currently in the pullback stage following the ATH and will probably keep consolidating for a while due to liquidity requirements,” CryptoQuant contributor XBTManager stated in a March 5 analysis note.Long Bitcoin bids “feasible” when long-term holders resume purchasesXBTManager indicated that once short-term Bitcoin holders (BTC) — those retaining it for less than 155 days — commence selling, and long-term holders restart purchasing, long positions will “become feasible.”Until that…
Autore: wsjcrypto
The United States Senate has adopted a resolution aimed at abolishing a rule established during the Biden administration that would mandate decentralized finance (DeFi) platforms to report to the Internal Revenue Service (IRS).The Senate approved the motion with a vote of 70 to 27 on March 4 to overturn the proposal set to broaden the current IRS reporting obligations to encompass decentralized exchanges and obligate brokers to reveal gross revenues from cryptocurrency transactions, which includes disclosing information about taxpayers engaged in the dealings.The resolution is now headed to the House, where it must be passed before being presented to President…
The moment has passed, the melody has concluded, Thought I’d have something extra to express. — Pink Floyd It is with a considerable measure of sorrow that I must say goodbye. Much like The Floyd’s creations, throughout my journey with Ethereum, I’ve experienced a wide array of feelings. From the astonishment of encountering so many fascinating individuals (not least among them Jani and Wendell) in Miami, January ‘14, to meeting Jeff for the first occasion in February ‘14 for the inaugural real face-to-face collaboration on a project, to journeying across the U.S. in March ‘14 and connecting with notable figures…
South Africa Reserve Bank (SARB) governor’s inquiry, “Why not a strategic beef reserve?” during the 2025 World Economic Forum in Davos might have been a rhetorical device, yet Lesetja Kganyago’s seemingly sarcastic comment regarding “strategic bitcoin reserves” unintentionally highlighted the necessity for Africa to reassess its economic approaches in light of global financial changes. In an era increasingly characterized by digital advancements, the ideas of currency and value retention are swiftly transforming. Africa is accustomed to resource-driven economies. From oil and gold to beef and cocoa, the continent has historically depended on natural resources for its economic vitality. Nevertheless, these…
THE NATIONAL Government’s (NG) total indebtedness reached a new peak of P16.31 trillion at the conclusion of January as it intensified borrowings, according to the Bureau of the Treasury (BTr) reported on Tuesday. Initial figures from the BTr indicated that total debt surged by 1.63% or P261.47 billion, climbing to P16.31 trillion from P16.05 trillion at the end of 2024. “The month-over-month increase in the debt stock was attributed to the net accumulation of both domestic and international debt, alongside the repercussions of peso depreciation against the US dollar from P57.847 at the end of 2024 to P58.375 by the…
Blockchains represent a formidable technology, as consistent followers of the blog likely concur. They facilitate a multitude of interactions to be formalized and executed in a manner that significantly enhances dependability, eliminates business and political dangers linked to the procedure being overseen by a centralized organization, and minimizes the necessity for trust. They establish a foundation where applications from various organizations and even of diverse kinds can function collaboratively, enabling extraordinarily effective and fluid interactions, and provide an audit trail that anyone can verify to ensure that all processes are being executed accurately. Nonetheless, when I and others engage with…
The firm behind the Bored Ape Yacht Club (BAYC) NFTs, Yuga Labs, is rejoicing after achieving a notable legal victory. Without taking any enforcement actions, the US Securities and Exchange Commission (SEC) has officially wrapped up its investigation into the organization. This resolution concludes an inquiry that spanned over three years and examined if Yuga Labs’ NFT transactions and its ApeCoin (APE) token should be recognized as securities. The SEC Investigation And Its Aim The SEC initiated its investigation into Yuga Labs in October 2022. At that moment, regulators were assessing whether BAYC NFTs and ApeCoin fell under federal securities…
Traders in cryptocurrency derivatives experienced over $1 billion in liquidations within the last 24 hours as apprehensions regarding a potential trade conflict caused markets to plummet, as per information obtained from CoinGlass.A significant portion, exceeding 87%, of the liquidations originated from long positions following a volatile beginning to March, which witnessed double-digit declines on March 4 that wiped out similarly large profits made just days prior, revealed the data.On March 4, US President Donald Trump instituted 25% tariffs on Canada and Mexico, the United States’ primary trading allies, causing the S&P 500 stock index to decrease nearly 2% in morning…
Part I Occasionally, Ethereum is likened to a singleton Virtual Machine. While this is accurate in certain respects; I believe it has further implications. Firstly, what is a singleton in a decentralized system? It is simply a collection of values on which a particular threshold of participants has reached agreement. A Virtual Machine represents a computational setting that is separated from the physical machine and from other environments. A hypervisor enables the physical machine to be divided into numerous VMs. According to this characterization, a typical hypervisor is the web browser where webpages function as VMs. Another example of a…
Este artículo también está disponible en español. Ethereum has witnessed a significant decline, hitting its lowest point since late November 2023. The overall market has suffered from extreme fluctuations, uncertainty, and aggressive price movements, with ETH losing over 20% of its worth in mere hours. Investors are concerned that this correction could continue as Ethereum struggles to regain crucial demand levels. Related Reading Market analysts are keenly observing Ethereum’s price movements, as the upcoming days may shape the short-term forecast for the second-largest cryptocurrency. Leading analyst Ali Martinez shared a technical examination on X, indicating that Ethereum might be on…