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ETH killers are still no closer to doing the deed

Post author By Blockworks
Post date 2Y

This is a segment from the Empire newsletter. To read full editions, subscribe.

Nobody really wonders what the next bitcoin will be anymore.

That’s because Bitcoin won. There’s no “next” Bitcoin. Bitcoin is the next bitcoin and it’s already here. Better to build something else.

It’s natural, then, that a fixation on the next Ethereum would then take over.

After almost a decade of smart contract platforms launching to rival Ethereum, we now have more than 30 coins which you might consider would-be ETH killers.

That includes tokens for newer chains like Sui, Sei, Celestia and TON, as well as older networks such as Cronos, Cardano, Fantom and EOS.

Over…

Whale Alert: 1,000,000,000 USDT worth 1,001,092,500 USD minted at Tether Treasury

Post author By WhaleAlerts
Post date 2Y

Transaction URL: https://etherscan.io/tx/0xda3beca324ce444f808d4ddc6c385d05819be84e7f8e479e351646a31818c404

Bitcoin Price and the Psychological Leap: The Journey from $100K to $1M

Post author By BitcoinMagazine
Post date 2Y

Follow Mark on X.

Ah, Bitcoin. The most thrilling, gut-wrenching rollercoaster in the financial world. Every time it hits a new all-time high, there’s a chorus of celebration, the clinking of virtual glasses, and the inevitable “I told you so” from that one friend who’s been holding since 2013 (you know the one). Well, here we are again—Bitcoin has once again shattered expectations. And as I watched the price tick upwards, I had an epiphany. It wasn’t…

Whale Alert: 125,864,148 USDT worth 125,864,148 USD transferred from Binance to unknown wallet

Post author By WhaleAlerts
Post date 2Y

Transaction URL: https://tronscan.org/#/transaction/70a033605012d4fda00f3dfab32de0a82eb7c375eb1de8b63ea686be946410c2

Whale Alert: 2,616 BTC worth 229,722,638 USD moved between unknown wallets

Post author By WhaleAlerts
Post date 2Y

Transaction URL: https://blockchain.com/btc/tx/2bb6eb48a9b895cea97ac8fdbca3ca093b8746e2e83c1a2025738266ad0ea539

LATEST: After UK Launch Success, Revolut’s Crypto Exchange Expands Across Europe

Post author By cryptocrunchnews
Post date 2Y

Revolut, a leading digital bank based in London, has announced the expansion of its cryptocurrency exchange, Revolut X, to the European Union. Initially launched in May for professional traders in the UK, Revolut X now offers its services to users in 30 European countries. This expansion enables customers to trade over 200 tokens through a standalone app, supporting Revolut’s global customer base of over 40 million.

According to company officials, Revolut X aims to be the preferred platform for both new and seasoned crypto traders. “The expansion of Revolut X marks a significant step in our journey to dominate the crypto trading space,” a spokesperson said. Feedback from UK-based traders has been overwhelmingly positive, highlighting the app’s competitive fees, broad asset availability, and smooth integration with existing Revolut accounts.

Revolut’s strategy includes a compliance-first approach to safely engage the broader crypto community. Besides expanding its trading capabilities, the bank is also poised to launch its own stablecoin, further cementing its position in the cryptocurrency market.

Key Criteria for Successful Bitcoin Trading

Post author By cryptocrunchtrends
Post date 2Y

LATEST: Italy Reconsiders Crypto Tax, Plans Reduced 28% Instead of 42%

Post author By cryptocrunchnews
Post date 2Y

The Italian government, led by Prime Minister Giorgia Meloni, is set to approve a more lenient increase in crypto taxation, sources told Bloomberg. The proposed tax rate, advocated by coalition partner The League, caps the increase at 28%, slightly up from the current maximum of 26%. This move comes after discussions of a steeper increase to 42% surfaced last month.

The League has further proposed establishing a permanent working group that includes crypto firms and consumer associations. This initiative aims to enhance investor education on digital assets, ensuring that participants are well-informed and safeguarded.

In addition to these developments, Forza Italia, another coalition party, has suggested not only halting the tax increase but also removing the current tax exemption for gains below €2,000. This decision is part of a broader plan to adapt Italy’s fiscal approach to crypto, transitioning from its previous categorization akin to foreign currency to a more regulated asset.

Bloomberg

ETF investors lack interest in crypto, report finds?

Post author By Blockworks
Post date 2Y

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

I was slightly perplexed by the findings of a new ETF survey that mentions crypto sentiment. Then I read the fine print.

Retail investors are least interested in crypto and ESG ETFs in the next six months, ETF.com’s 2024 global investor survey found. Crypto-related stats in the report, published today, include:

Between 70% and 80% of investors didn’t have any positions in leveraged, inverse, and cryptocurrency ETFs.

“Only” 10% of advisers increased exposure to crypto over the past six months.

Just 7.4% of investors ranked cryptocurrency as one of the top five sectors… Read more on Blockworks

Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs

Post author By BitcoinMagazine
Post date 2Y

Bitcoin miners are sending a clear message: they’re more bullish than ever. As we observe new all-time highs in the Bitcoin network’s hash rate, the commitment of miners underscores their confidence in the asset’s long-term potential.

Follow Bitcoin Magazine Pro on X.com for daily Bitcoin charts.

The Hash Ribbons Indicator Explained

The Hash Ribbons indicator provides insight into miner activity and sentiment by analyzing the 30-day and 60-day moving averages of Bitcoin’s hash rate. When the 30-day moving average crosses above the 60-day, it suggests a positive shift,…