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0.00000217 BTC
Market Cap (Rank#104)
19,510 BTC
Vol 24h
140.756 BTC
Circulating Supply
Max Supply
10h agocointelegraph
$29K Bitcoin is closer than you might expect, according to derivatives data
Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies.
5 days agocryptodaily
Brevan Howard Pulls Off Largest Crypto Fund Launch
Brevan Howard Asset Management firm had raised over $1 billion to launch its flagship crypto vehicle. BH Digital Raises $1B Acting as Brevan Howard’s dedicated crypto arm, BH Digital helps investors such as sovereign wealth funds, pension funds, foundations, and endowments gain exposure to crypto. According to four different sources with knowledge of the matter, the investment firm has raised around $1 billion from institutional investors. Most of these funds were raised during BH Digital’s launch earlier this year. The BH Digital Multi-Strategy Fund officially started trading in early January 2022. The team involved was visualizing a fundraise in the year's second quarter, with expectations that the efforts would bring in at least several hundred million dollars. The team was also hoping for billion-dollar funding. According to anonymous sources, “Brevan is making an absolutely massive push into crypto…With their network already, they’re going to do a great job of cross-selling. They’re going to have a massive raise in the second half of this year.” If the recent reports are to be believed, it looks like BH Digital achieved that vision, thus pulling off the largest crypto fund launch. The capital raised is exemplary even for conventional and non-crypto hedge funds. It is an even bigger achievement in the digital assets market, which has a much lower market capitalization. High Performing Funds Despite Bear Market BH Digital is also outperforming its competition. According to reports, it has managed to limit its losses to a minor 4-5% since its launch through the end of June. Despite the domino effect that stemmed from the Terra LUNA implosion and took down multiple crypto lenders, BH Digital has managed to rake in returns that are apparently quite remarkable for the bear market. The firm is still holding off on fully deploying the entire capital amount, especially since the market is not liquid enough to support $1 billion. However, one of the sources has suggested that a “plain vanilla” approach that includes long-only and trend-following tactics could work. The fund’s $1.5 billion initial capacity could rise soon with more investment professionals coming on board and implementing fresh strategies. However, the badge of honor of the largest crypto fund raised to date still belongs to venture capital giant Andreessen Horowitz (a16z). The investment firm raised a whopping $4.5 billion in its fourth round, smack dab in the middle of the bear market in May 2022. $1.5 billion of these funds will be allocated towards Web3 seed investments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 04/08/2022, Nomad Gets Hacked For $190M
In Todays Headline TV CryptoDaily News: Riot Blockchain's Bitcoin mining productivity dropped 28%. Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin in July 2022 than that in July 2021 after scaling down operations at its Texas facility. Riot said its miners had produced 318 Bitcoin in July, compared to 443 BTC the firm reported generating in July 2021. Ethereum Classic is not Ethereum so a Merge-fueled rally won't last. Crypto miners have been showing increasing interest in Ethereum Classic because the Ethereum blockchain is in the process of moving from an energy-intensive proof-of-work system to proof-of-stake, which removes miner incentives. Another crypto bridge attack: Nomad loses $190 million in 'chaotic' hack. Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. BTC/USD exploded 1.8% in the last session. The Bitcoin-Dollar pair skyrocketed 1.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 22270.0807 and resistance at 23795.8387. The Stochastic indicator is currently in the positive zone. ETH/USD skyrocketed 1.8% in the last session. The Ethereum-Dollar pair gained 1.8% in the last session after rising as much as 3.1% during the session. The Stochastic-RSI is giving a negative signal. Support is at 1506.2067 and resistance at 1738.1067. The Stochastic-RSI is currently in negative territory. XRP/USD rose 0.8% in the last session. The Ripple-Dollar pair rose 0.8% in the last session after gaining as much as 1.2% during the session. The CCI is giving a negative signal. Support is at 0.3501 and resistance at 0.4048. The CCI is giving a negative signal. LTC/USD exploded 2.8% in the last session. The Litecoin-Dollar pair skyrocketed 2.8% in the last session. The Stochastic indicator is giving a positive signal. Support is at 55.0333 and resistance at 61.3333. The Stochastic indicator is currently in the positive zone. Daily Economic Calendar: JP Overall Household Spending The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. Japan's Overall Household Spending will be released at 23:30 GMT, Australia's Trade Balance at 01:30 GMT, Germany's Factory Orders at 06:00 GMT. AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. DE Factory Orders The Factory Orders measure the total orders of durable and nondurable goods, which can offer insight into inflation and growth in the manufacturing sector. UK Monetary Policy Summary The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote. The UK's Monetary Policy Summary will be released at 11:00 GMT, the Dutch Consumer Price Index at 04:30 GMT, the US Continuing Jobless Claims at 12:30 GMT. NL Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. US Continuing Jobless Claims The Counting Jobless Claims measures the number of unemployed individuals who are currently receiving unemployment benefits. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6 days agocointelegraph
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
7 days agocryptodaily
Is the ethereum bitcoin flippening on the way?
As the ethereum inspired rally continues, the image of the long-dreamt of flippening is beginning to be talked about again. The eth merger is also just on the horizon, and should it go well, and the sell-the-news event done with, why shouldn’t a newly high-powered ethereum overtake bitcoin in market cap? Perhaps bitcoin has found the bottom at $17,500. Since that time it has rallied up and now sits at between $23,000 to $24,000, with many hoping that it will reach the huge resistance at $28,000 to $30,000. However, the real star of the show has been ethereum. Where bitcoin put on nearly 40% from the bottom, ethereum went up around 100% to $1780 from its local bottom at $880. With such a heavy gain on bitcoin, and with the ETH merge to proof-of-stake just around the corner, the signs are there that should ethereum complete its milestones successfully, and without too many postponements (it has a history of these) then the flippening could well be on the cards. Quoted in a Forbes article earlier today, Mati Greenspan, founder of analytics platform Quantum Economics, said of the flippening: "I keep hearing people repeating the question, 'wen [sic] flippening? Even though there’s no guarantee this will ever happen, just looking at the numbers, it does seem like this event is getting closer by the day." Bitcoin owes its value to the perception that it is the digital version of gold. It does indeed have many important advantages over gold, and many say that it will equal gold’s market cap over the next few years. Some might well argue though that the market does not fully understand bitcoin’s place in the current economic downturn, which is increasingly looking like it might be quite severe. Bitcoin has the store of value proposition, but ethereum could have an even greater value due to its smart contract capability, and a far broader swathe of utility than bitcoin. Joe DiPasquale, the CEO of BitBull Capital, was also quoted on the Forbes article as saying that ethereum was a “differentiator”: "We do like ether, and we think it’s a major differentiator. Bitcoin has been the hundred-pound gorilla, but ether is really the other hundred-pound gorilla. Everything else trails behind." A lot will need to go ethereum’s way if it is to overtake bitcoin in value. However, all being well, bitcoin’s halving effect would be trumped by ethereum’s upgrade, which would vastly reduce the inflation rate of ether, leading to an even sharper supply reduction than the bitcoin halving. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocryptodaily
There's A New MetaMask Phishing Campaign, Here's How You Can Avoid Getting Hacked
Halborn, a blockchain security firm based in Miami, Florida, recently disclosed and issued a set of warnings and guidelines to mitigate what they identified as a new phishing campaign, which specifically targeted MetaMask users. Fresh off of a $90 million Series A funding round, Halborn provides blockchain security infrastructure and analytics for crypto and Web3 firms. According to a report from Halborn, the active phishing campaign utilized emails and sent these malicious messages to a number of current and active MetaMask users through social engineering, a type of attack vector that tricks people into giving up confidential information or access to systems. The campaign uses a fake version of the MetaMask extension in an attempt to steal user’s private keys, mnemonic phrases, and other sensitive data. MetaMask has worked in the past before with Halborn, with a case resolved in June after a previous security notice from Halborn which identified a MetaMask user's private keys found on an unencrypted disk. The security report was responded to with a patch from MetaMask for version 10.11.3 moving forward. Previous iterations of new malware were also found in late July. This malware, called Luca Stealer, was written in Rust, targeting Web3 infrastructure. Mars Stealer, Another malware which specifically targeted MetaMask, was also discovered earlier in February. Halborn discovered that the phishing campaign was active after its analysis of scam emails received in July this year. The emails appeared to be authentic with the branding and logomark of MetaMask, asking users to comply with Know Your Customer (KYC) procedures and verify their wallets. Errors such as spelling and obviously fake email addresses were also noted, with a fake domain even making it through the emails. Current security for emails often have spam filtering and phishing detection algorithms, but these can be reverse-engineered by creating false identities and marking domains with similar-sounding or similarly spelled names. Since these email messages were able to bypass standard security measures, it is likely that the cybercriminals behind this campaign have a more sophisticated understanding of social engineering. The attacks were launched through links in the emails, which redirected unwary users to a bogus MetaMask login page. According to Halborn, these bogus pages directly asked users to provide their seed phrases, hence giving the threat actors unauthorized access to a user's wallet. Phishing scams and other kinds of hacks have proliferated across the crypto space in the last few years, with a number of high-profile DeFi protocols, exchanges, and wallets being targeted. Another hallmark of phishing scams, according to Halborn, is that there is no personalization within the message, which is to say, a recipient is not called their actual registered name. Malicious links are often also revealed through a desktop browser by hovering a cursor over the call to action button. Halborn has advised all MetaMask users to be extra vigilant when clicking on links in emails, even if they appear to come from a trusted source. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8 days agocryptodaily
Crypto Daily - Daily Crypto And Financial News 02/08/2022, Ripple Sold Almost $500M Of XRP In Q2 2022
In Todays Headline TV CryptoDaily News: Almost half-a-billion. Remittance network Ripple has sold more than $400 million worth of XRP in the second quarter of 2022, emphasizing the surge in demand for the XRP token and its On-Demand Liquidity service. Honduras attracts crypto investor tourists with Bitcoin Valley. Santa Lucia, Honduras has launched the Bitcoin Valley initiative in conjunction with the local Blockchain Honduras organization, a crypto exchange, and a local university. Launch of iFOREX crypto trading platform. iFOREX, a leading global financial broker with offices in the British Virgin Islands, recently launched iFOREX Crypto, a mobile trading app dedicated exclusively to the cryptocurrency CFD trading market. BTC/USD dove 1.2% in the last session. The Bitcoin-Dollar pair plummeted 1.2% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 22601.3333 and resistance at 24557.3333. The Stochastic-RSI is currently in negative territory. ETH/USD plummeted 2.9% in the last session. The Ethereum-Dollar pair plummeted 2.9% in the last session. The CCI is giving a negative signal. Support is at 1614.2033 and resistance at 1786.3433. The CCI is currently in negative territory. XRP/USD dove 1.7% in the last session. The Ripple-Dollar pair fell 1.7% in the last session after gaining as much as 1.7% during the session. The MACD is giving a positive signal. Support is at 0.3651 and resistance at 0.4057. The MACD is giving a positive signal. LTC/USD dove 2.0% in the last session. The Litecoin-Dollar pair dove 2.0% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 57.511 and resistance at 64.091. The Ultimate Oscillator is currently in negative territory. Daily Economic Calendar: AU RBA Interest Rate Decision The Reserve Bank of Australia announces the RBA Interest Rate Decision. The interest rates are a key mechanism through which the central bank influences inflation. Australia's RBA Interest Rate Decision will be released at 04:30 GMT, Australia's RBA Rate Statement at 04:30 GMT, and Japan's 10-y Bond Auction at 03:35 GMT. AU RBA Rate Statement Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting. JP 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Bond market investors set yields, which can be used to estimate investors' outlook on future interest rates. US JOLTS Job Openings The JOLTS Job Openings is a survey to help measure job vacancies. It collects monthly data from employers, retailers, manufacturers, and offices. The US JOLTS Job Openings will be released at 14:00 GMT, the US Redbook Index at 12:55 GMT, and Spain's Unemployment Change at 07:00 GMT. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. ES Unemployment Change The Unemployment Change measures the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agozycrypto
UK Financial Authority Tightens Its Noose Around Marketing Of High-Risk Assets — But Exempts Crypto
The UK's Financial Conduct Authority (FCA) has today introduced new stricter rules for marketing high-risk investments, in a bid to address concerns that a multitude of people don’t really understand the risks that come with such products.
9 days agocryptodaily
Open Loot Announces partnership with Hit Factor’s War Park
San Diego, CA, 1st August, 2022, ChainwireOPEN LOOT Ltd (OL) by BIG TIME Studios (LTD) is excited to announce one of our first partners, HIT FACTOR Ltd. (HF), as they unveil their newest game, War Park. War Park is a fast-paced action shooter filled with explosive multiplayer tank combat and is bound to surprise and delight our community. Join Hit Factor’s War Park Discord, where their team will be on hand to answer any questions, chat about the project, and celebrate the launch of their Twitter and community channels! HF is a game developer founded by seasoned industry veterans who have held key roles at Zynga, Kongregate, NCSOFT, and Riot Games, overseeing products and companies that have entertained tens of millions of players across the world and delivered over $1 billion in revenue. HF is excited to announce they are currently working on War Park - Roll Out!. In War Park, players start by forming Armored Divisions, building tanks and gear together, and then heading into battle to fight with other players. In battle, players can work tactically together to combat enemy tanks, collect rewards, and use those rewards back at their Base of Operations. On base, players can manufacture tanks using the Vehicle Assembly Building, and create powerful weapons and hybrid tank gear through the Base Development Lab. All of which can be stored in the Base Vault for other players to use in battle. Players can participate in pitched battles of up to 64 tanks with a variety of tank classes such as Assault, Scout, Support, and Artillery. Using their Base, players can add on gear to customize their play styles. Players can participate with a minimum of 4 tanks per team in classic game modes such as Deathmatch, Capture The Flag, King of the Hill, Domination, and special PVE events. HF aims to build collaborative experiences on the blockchain. With an extensive calendar of events such as Armored Conflict (Clan vs. Clan), weekly, monthly and quarterly tournaments, and server-wide World Wars, War Park has a dynamic meta in its sights. The engine itself is proprietary and deterministic, allowing for additional game modes and eSports compatibility. Leveraging OL, they will be able to provide their players with ownership of assets within the game and are planning to announce their token strategy soon. This is just a first glance at Open Loot partners, and we hope the community is as excited as we are! About Hit Factor Hit Factor is composed of industry veterans and lifelong gamers from across the mobile, PC, and console spaces. Fully utilizing its members' decades of experience within the industry, and a “Games First” mentality, the Hit Factor team is excited to blend its experience in production, engineering, design, and community to deliver the best in community-driven multiplayer games empowering the imagination of our players and unlocking the creativity of the modern gamer. ContactsChief Business OfficerMatt ReadHit [email protected]
9 days agocryptodaily
Two mighty financial organisations that hate crypto
As bitcoin continues to eat away at the legacy financial system, the pillars of this system are making their stand and will do anything they can to stop bitcoin and the cryptocurrency sector in their tracks. Coin Bureau has a YouTube channel with 2.09 million subscribers. It analyses all things cryptocurrency and also the existing financial system. Much of the following information comes from a recent video. Bank for International Settlements The BIS is often dubbed the central bank of central banks, which gives an idea of just how powerful this organisation is. It is owned by the 63 central banks that comprise its membership. It’s technically the oldest financial institution given that it came into being in 1930. It was supposed to be disbanded in 1944 as part of the Bretton Woods Conference and the establishment of the IMF and World Bank. Currently, one of the most important roles for the BIS is to help its central bank members to develop their CBDCs (central bank digital currencies), which can give these banks the power to decide what you can buy, when you can buy it, where you can buy it, how much money you can spend, and even the amount of money you are allowed to save. The CBDCs allow this because of the fact that they will be programmed, allowing the central bank to have absolute control. The BIS is utterly against cryptocurrencies, probably because these private digital assets totally undermine what the central banks are doing with their CBDCs. Also given that the BIS has the most incredible influence and power in the existing financial system, it can use this to leverage pressure on any countries that may be thinking to opt out of the system. The FATF Another financial organisation that is very much of the same mind as the BIS, is the FATF (Financial Action Task Force). The membership of this organisation consists of 40 countries, and dozens of other financial institutions. The FATF was initially founded in order to combat money laundering, but now its mandate is extremely wide and encompasses anything that it perceives might have a negative effect on the global financial system. How it operates is that it issues ‘recommendations’ that its member countries should implement into their financial laws. One such recommendation was the fairly infamous travel rule that requires institutions to collect detailed information on anyone who sends or receives more than a certain amount of money, which is generally around $1000. Even though the FATF only gives ‘recommendations’, if there are countries that do not comply, they can find themselves on the FATF blacklist, making it extremely difficult for a country to do business globally. As to who actually writes the recommendations that come out of the FATF, it’s not clear at all. All the officials are unelected and all the decisions that are made take place behind closed doors. Interestingly, by European law, the FATF officials are exempt from paying taxes, they cannot be arrested or tried for any crime, and they do not have to comply with any pandemic border restrictions. The FATF has strong ties with the US Treasury Department, and 2 of the 3 authors of the recent FATF recommendations on cryptocurrencies came from the treasury. Therefore, the US very much has a hand in what the FATF says. This could also go a long way to explaining how the US is not on any FATF blacklists, even though at least 40% of all global money laundering takes place on its shores. As for cryptocurrencies, the FATF is seeking to ban all peer-to-peer transactions, and also to do the same with any privacy-related cryptocurrencies. There is therefore a race for enough cryptocurrency adoption to take place which would make it impossible for the FATF to get certain country’s politicians to change direction. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days agocryptodaily
Shiba Inu (SHIB) and Dogecoin (DOGE) holders sell and buy into Degrain (DGRN) presale
When looking for the most significant cryptocurrency investments to add to your portfolio, you must consider the investment that will yield the maximum profits. To find an investment with unique features that can guarantee a lucrative situation while investing is crucial. One of the most significant investment assets this year is Degrain (DGRN), which is expected to increase by more than 8,000% by the end of 2022. Shiba Inu (SHIB) big whale sells to buy into Degrain presale As Shiba Inu (SHIB) continues to push waves in the crypto market, investors are thinking more about it. The spring of cryptocurrencies is far from over, even though the latest market dip may have driven prices lower. The company behind Shiba Inu (SHIB) is developing Web 3 technologies with the launch of its blockchain, Shibarium, and metaverse, Shibaverse. Shiba Inu (SHIB) is no longer merely a meme symbol. Future success will likely be aided by a strong community backed by significant decision-makers. However, there isn't much room for expansion compared to low-cap gems like Degrain (DGRN), which still have a way to go. Dogecoin (DOGE) will see Degrain produce higher returns An old online joke led to the development of Dogecoin (DOGE), the first meme cryptocurrency. When Dogecoin (DOGE) joined the AMC cinemas and became approved as a payment mechanism by sports teams in 2020, it started to show promise after a period of relative safety for some users following its inception in 2013. Dogecoin (DOGE) is one of the ten cryptocurrencies with the highest chance of producing millionaires in 2022. Dogecoin (DOGE) has been considered one of the most promising crypto investments for many years. Degrain (DGRN) tipped to be the best investment in 2022 Degrain (DGRN) sold 50 million tokens in Phase Two after selling out its phase one allocation two weeks early. Several participants in the cryptocurrency market have already acknowledged this currency, and experts anticipate that it will soon surpass other NFT protocols like OpenSea to grab the top spot in the market. Since the potential of this new coin has been recognized, cryptocurrency experts have voiced their thoughts, stating that Degrain (DGRN), at its current price of $0.06, offers the best return on investment. Degrain will be the best option if you seek a highly lucrative investment opportunity in the market for digital assets (DGRN). By the end of the year, we think Degrain has the highest potential of growing by 8,000 percent and being in the list of top ten cryptos.You can enter the presale by joining the link below. Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days agocryptodaily
Crypto Weekly Roundup: Ethereum’s Goerli Merge, Miami’s NFT Project, Coinbase, Kraken Under Investigation, And More
U.S. regulatory bodies like the SEC and the Treasury Department are getting stricter towards crypto exchanges. While the crypto exchange Kraken is being investigated for alleged sanction violation, Coinbase is under the microscope for conducting digital asset trading, which the SEC might deem as securities. Let’s find out more. Bitcoin Despite still being a fair way underwater on its Bitcoin bet, El Salvador is looking to the future for its citizens, understanding that new technology takes time to be adopted. Ethereum ETH developers have been hard at work preparing for the final testnet merge, scheduled for early August. They recently announced the final details for the final testing phase of the Merge before the long-awaited official merge. Ethereum founder Vitalik Buterin addressed the upcoming Merge and talked about all the other network upgrades that would follow at a conference on Wednesday. DeFi A new governance protocol has nominated Jonathan Howard as the new CEO or ‘Head Chef’ at SushiSwap. However, the proposed pay package has sparked an outcry in the community. Uniswap’s community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. Wonderland (TIME) founder Daniele Sestagalli has announced his return to DeFi with a disconcerting tweet. Altcoins Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). Technology A recent study forecasts exponential growth in metaverse real estate and estimates that the value invested in the sector will grow to more than $5 billion by 2026. Business The CEO of the KuCoin crypto exchange, Johnny Lyu, has announced his plans to launch a fund that will be targeted to tackle FUD (fear, uncertainty, and doubt) in the crypto market. Mexican food chain company Chipotle has launched a limited-time stock market manipulation game called “Buy The Dip,” which will give away $200,000 worth of cryptocurrencies. Regulation Senator Pat Toomey wrote a letter to SEC chairman Gary Gensler earlier this week, blaming the latter for his lack of regulatory clarity towards crypto companies, which resulted in billions of losses for American consumers. Shapeshift CEO Erik Voorhees advised FTX CEO Sam Bankman-Fried to not allow the sector to become entangled in the perverse and deeply corrupted legacy system. Formula 1 teams have been forced to comply with the laws of advertising in France, which prohibits displaying ads of crypto firms not registered with the AMF. The U.S. Treasury Department is investigating Kraken for suspected sanctions violations, which included allowing Iranians and others to transact digital assets on its platform. According to a Bloomberg report, the SEC is reportedly investigating Coinbase over whether it improperly allowed Americans to trade digital assets that should have been registered as securities. Lawmakers from both the Democratic and Republican parties introduced a crypto tax bill to the Senate that would exempt transactions under $50. NFT The city of Miami is embarking on a massive Web3 project, where it will partner with TIME, Mastercard, and Salesforce to launch over 5000 NFTs. Gary Vaynerchuk’s VeeFriends closed its seed funding round with a $50 million investment from investment firm Andreessen Horowitz (a16z). Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15 days agocryptodaily
U.S. Senators Propose Tax Exemption on Small Crypto Transactions
Lawmakers from both the Democratic and Republican parties have today introduced a crypto tax bill to U.S. Senate that would exempt transactions under $50 or less. Senators Pat Toomey and Kyrsten Sinema are trying to push their Virtual Currency Tax Fairness Act to exempt crypto users from tax requirements on small investments or purchases. According to CoinDesk, a de minimis crypto tax bill has been introduced to Congress geared toward providing capital gains tax relief for crypto transactions worth $50 or less. The exemption has been introduced to nullify otherwise mandatory capital gains tax for such small transactions. The bill would also avoid applying to trades between crypto and a fiat currency, as well as “all sales or exchanges which are part of the same transaction (or a series of related transactions) shall be treated as one sale of exchange,” per a report by The Block. This is not the first time an idea such as this has been purported, with a more comprehensive bill introduced earlier this year by senators Cynthia Lummis and Kirsten Gillibrand. Senator Toomey has sought to help the crypto industry on multiple occasions before he retires from Senate at the end of this session. He says, While digital currencies have the potential to become an ordinary part of Americans’ everyday lives, our current tax code stands in the way. Adding that the latest bill will let people “use cryptocurrencies more easily as an everyday method of payment by exempting from taxes small personal transactions like buying a cup of coffee.” The U.S Internal Revenue Service long has held a firm policy on cryptocurrencies stating on its website, When you sell virtual currency, you must recognize any capital gain or loss on the sale. Industry advocates have argued that the current standard has been among the roadblocks standing in the way of crypto’s use in the U.S. as an alternative way to pay for things. According to Jerry Brito, executive director of Coin Center, a crypto policy think tank in Washington, This would foster the use of crypto for retail payments, subscription services, and micro transactions. Adding, More importantly, it would foster the development of decentralized blockchain infrastructure generally because networks depend on small transaction fees that today saddle users with compliance friction. It is unlikely that there will be any movement in terms of passing new legislation this year as Congress is on the verge of a lengthy August recess before the midterm elections in November. The Senate calendar is already full with non-cryptocurrency-related issues, and Senator Toomey is not expected to run for re-election following this session. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15 days agocoindesk
US Senators Push Bill to Make Small Crypto Transactions Tax-Free
Prominent U.S. senators are trying to free Americans from tracking taxes every time cryptocurrencies change hands, introducing a bill that would exempt them from reporting any transactions up to $50 or any trade in which they earn less than $50.
42 days agocointelegraph
Ronaldo partners with Binance: Nifty Newsletter, June 22–28
Eminem and Snoop Dogg switched between themselves and their Bored Ape Yacht Club characters in their newest music video.
43 days agocryptopotato
Russia Approves Potential Tax-Exemption for Digital Asset Issuers
While Russia tables some bills that could see Bitcoin banned as a payment method, others are proposing less-intense tax rules on its distribution.
47 days agocryptopotato
Eminem and Snoop Dogg Included Their Personal Bored Apes in New Music Video
The new music video by Shady and the Dogg includes some of the Bored Apes they purchased last year.
47 days agocointelegraph
Eminem and Snoop Dogg turn into BAYC chars in new music video
Eminem and Snoop Dogg bear an uncanny resemblance to Bored Apes in the new semi-animated music video titled From The D 2 The LBC.
66 days agocryptopotato
Indian Government to Release Guidelines for Certain Crypto-Related Taxations: Report
While no major relief in tax rates is under consideration, exemptions from crypto taxes may be granted to healthcare businesses using blockchain technology.
68 days agocoindesk
US Job Growth Tops Expectations in May, With 390K Added
The unemployment rate fell to its lowest level since TK.
69 days agocryptopotato
PlanetQuest, Immutable X Launch the World’s First Community-Friendly, NFT Planet Sale
[PRESS RELEASE – Please Read Disclaimer] In a radically different approach to handling an NFT sale, PlanetQuest, the Cinematic Multiverse and Blockchain Game, has just launched its community-friendly Planet Sale at The massive community fanbase of over 239.000 will be able to buy not just deeds to a piece of land, but entire real-time […]
79 days agocoindesk
Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules
The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman.
97 days agoethereumworldnews
Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act
Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal that would result in a prison sentence of 6 to 12 months The founder of Bitmex and former CEO, Arthur Hayes, is requesting leniency from […]
104 days agocoindesk
Panama's Crypto Law: No Legal Tender, but Digital Assets Exempt From Capital Gain Tax
The sponsor of the freshly-passed legislation spoke on Twitter spaces on Thursday afternoon.

About NEM

The live price of NEM (XEM) today is 0.052715 USD, and with the current circulating supply of NEM at 8,999,999,999 XEM, its market capitalization stands at 474,438,885 USD. In the last 24 hours XEM price has moved 0.002787 USD or 0.06% while 3,234,389 USD worth of XEM has been traded on various exchanges. The current valuation of XEM puts it at #104 in cryptocurrency rankings based on market capitalization.

Learn more about the NEM blockchain network and how it works or follow the price of its native cryptocurrency XEM and the broader market with our unique COIN360 cryptocurrency heatmap.

The NEM crypto is a decentralized blockchain-based development platform and the cryptocurrency powering it. It is developed and maintained by the NEM foundation. The NEM (XEM) coin is traded on most cryptocurrency exchanges as one of the biggest players of the industry. The NEM blockchain uses an innovative consensus algorithm called the Proof-of-Importance algorithm. Every participant of the NEM blockchain with over 10,000 XEM has an “importance score.” NEM users with a higher importance score have an advanced opportunity to get mining rewards. Proof-of-Importance positively affects both the NEM blockchain and NEM price by making users more willing to perform transactions and store value in XEM. You can check NEM price online with
NEM Price0.052715 USD
Market Rank#104
Market Cap474,438,885 USD
24h Volume3,422,830 USD
Circulating Supply8,999,999,999 XEM
Max Supply8,999,999,999 XEM
Yesterday's Market Cap467,843,650 USD
Yesterday's Open / Close0.049196 USD / 0.051983 USD
Yesterday's High / Low0.051983 USD / 0.048228 USD
Yesterday's Change
0.06% ( 0.002787 USD )
Yesterday's Volume3,234,389.20 USD
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