Litecoin’s Quiet Growth: Average Active Users Jumped 10% In 2024
On-chain data shows the Litecoin Daily Active Addresses indicator has seen a significant increase this year as compared to the last one. Litecoin Average Active Addresses Have Been Notably Higher This Year In a new post on X, the market intelligence platform IntoTheBlock has discussed about the year-on-year growth...
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Dogecoin Whales Load Up Coins Worth $92 Million Over 4 Days As Meme King Outperforms Bitcoin, Ethereum In 2024
On Tuesday, Ali, a prominent voice in the crypto community, revealed that whale investors purchased a staggering 270 million Dogecoin (CRYPTO: DOGE) in less than four days. What Happened: On Christmas Eve, Ali took to X to announce the significant investment in Dogecoin. He said, “Whales bought 270 million...
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Crypto Staking Classified As Taxable By IRS Amid Legal Dispute
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation...
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‘RIP Bitcoin Obituaries,’ Declares Expert — Death Notices Dwindle As Top Crypto Gains Acceptance From Politicians, Billionaires
Jameson Lopp’s recent post on X, “RIP Bitcoin Obituaries,” suggests a decline in Bitcoin’s (CRYPTO: BTC) death proclamations, sparking interest in the cryptocurrency’s resilience. What Happened: The software engineer, columnist, and Bitcoin advocate’s post on Christmas Eve, hints at the diminishing frequency of death declarations. Bitcoin, the world’s largest cryptocurrency,...
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Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January
Ethereum’s relative strength to Bitcoin could climb in January, which an analyst says might trigger an Ethereum “altcoin run.”...
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Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why
A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than double the number...
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Russia Announces Six-Year Crypto Mining Ban In Key Regions Starting 2025 – Details
According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical crisis in the...
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Looming Parabolic Rally Could Send Dogecoin Price Over $1 And As High As $20
Crypto analyst Ali Martinez has indicated that there is a looming parabolic rally for the Dogecoin price. Martinez predicted that the foremost meme coin could rally above $1 and reach as high as $20 if history repeats itself. Dogecoin Price Set For Rally Above $1 In an X post,...
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Will Bitcoin Return To $100K By Christmas Day? 56% Of Respondents Say…
Bitcoin (CRYPTO: BTC) rallied to new all-time highs above $100,000 earlier this month before pulling back. The question remains: Is the world’s largest crypto done running for a while or will the party resume this holiday season? What To Know: Bitcoin climbed to an all-time high above $108,000 last...
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Shiba Inu Surges As Whale Transactions Jump 265%, Trader Anticipates 12-25% Upside
‘Dogecoin Killer’ Shiba Inu (CRYPTO: SHIB) experienced a price surge on Tuesday, fuelled by increased whale activity and broader optimism in the crypto market. Quick snapshot of the top three meme coins: Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002317 $13.7 billion +6.6% -14.9% ...
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