RFK Jr. said he will use Bitcoin to stabilize the U.S. dollar as well as make Bitcoin profits exempt from capital gains tax.
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Altcoins ‘bled’ with Bitcoin's dominance hike in Q2: CoinGecko
The second quarter of the year has been a solid one for Bitcoin's performance as its market dominance gained against altcoins which “bled” throughout the quarter according to CoinGecko.
On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BTC) and Ether (ETH) continued to build upon their Q1 gains over Q2.
Meanwhile, Binance Coin (BNB), XRP (XRP) and Cardano (ADA) suffered double-digit losses over that time.
CoinGecko said BNB and ADA saw the largest losses as both were labeled securities in lawsuits against Binance and Coinbase filed by the Securities and Exchange Commission (SEC).
Decentralized finance (DeFi) tokens were hit particularly hard during the quarter with Uniswap (UNI), Chainlink (LINK) and Lido (LDO) taking double-digit losses.
Altcoins ‘bled’ with Bitcoin's dominance hike in Q2: CoinGecko
Exchange, DeFi and metaverse tokens were hit hard in the second quarter of 2023 while Bitcoin continued to make gains.
Australia's financial regulator cancels license for FTX's local entity
ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely.
Bitcoin price falls to $29.5K, but on-chain data reflects investors' growing interest
BTC price dropped below $30,000 again today, but the recent crab market price action is also backed by compelling investor activity on-chain.
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.
The European Commission’s Web4 strategy is a flop
There’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to what it calls “Web 4.0.”
Crypto survey finds 47% of investors expect Ethereum to ‘surpass’ Bitcoin
Fidelity Digital Assets gave a bullish forecast for ETH in the next 12 months, while a separate survey from CryptoVantage found 47% of investors expect Ether to “surpass” Bitcoin.
Crypto survey finds 47% of investors expect Ethereum to ‘surpass’ Bitcoin
Fidelity Digital Assets released a 'Q2 2023 Signals Report' on July 18, which claimed that Ether’s (ETH) outlook for the next 12 months and the long term is positive. Year-to-date, Ether price has gained 62% but while the investment firm might be 'short-term' bullish on Ether, that does not mean they believe that the month-long bullish channel will be sustained.
While institutional investors like Fidelity Digital Assets may have a bullish longer-term vision of ETH price, let’s compare their analysis against network and market data to see if they’re on the money.
Ether/USD 1-day price index. Source: TradingViewBeyond the technical indicators, the rationale behind Fidelity’s report bullish outlook for Ether is the networks’ higher burn rate versus coin issuance, the “new address momentum” and a growth in the number of network validators.
Fidelity “Q2 2023 Signals Report”, July 18. Source: Fidelity Digital AssetsAccording to the Fidelity report, the net issuance since The Merge in September 2022 resulted in a net supply decrease of more than 700,000 Ether. Additionally, the analysts claim that Glassnode’s increasing Ethereum addresses that transacted for the first time ever proves a healthy network adoption.
The report also points to a 15% increase in the number of active Ethereum validators in the second quarter.
Centralized exchanges will become gateways for DeFi: dXdY Foundation CEO Charles d’Haussy
CEO Charles d’Haussy doesn’t view centralized exchanges as competitors for dXdY.
What is a token maker, and how does it work?
A good token maker should be secure, rich in features and reputable.
Picking the right token maker is paramount in ensuring that token creation is successful. First, a token generator platform should ideally be from a reputable name and not a fly-by-night platform on the internet with flimsy technicals. It’s always a good idea to research the platform before deciding to use it for token creation, as well as read other users’ reviews about it.
A good token generator will also offer a wide range of features, such as the ability to expire, burn, mint or blacklist tokens. The price and user experience of the tool are also important considerations. Look into the fees and level of customization allowed (if any), and if these match your budget and needs.
Lastly, a good token generator is one that is secure and regularly updated by its developers. Look for bug reporting facilities and update schedules to ensure the DApp is kept updated and maintained.
Here are some examples of token maker platforms that help create tokens:
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
Rep. Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the “Torres Doctrine."
Bitcoin rally will lead to "speculative blow-off top" in 2024, Mark Yusko predicts.
BlackRock's application for a spot Bitcoin ETF have kicked off the next Bitcoin bull run which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital CIO, Mark Yusko.
Bitcoin rally will lead to "speculative blow-off top" in 2024, Mark Yusko predicts.
BlackRock's application for a spot Bitcoin ETF have kicked off the next Bitcoin bull run which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital CIO, Mark Yusko.
Bitcoin rally will lead to "speculative blow-off top" in 2024, Mark Yusko predicts.
BlackRock's application for a spot Bitcoin ETF have kicked off the next Bitcoin bull run which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital CIO, Mark Yusko.
Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities.
Bitcoin bulls battle to reclaim $30K amid BTC price RSI 'reset'
Bitcoin returns to a tug-of-war over the $30,000 mark, with BTC price action costing RSI weeks of upside.
EU stays on top of Web3 with metaverse, AI and crypto strategies
Over the last year, leaders in the European Union have been vocal about their desire to stay on top of the latest developments in Web3.
Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC
Vitalik Buterin explained how an account abstraction extension called “paymasters” can allow users to pay for gas fees using “whatever coins that they are transferring.”
Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC
Vitalik Buterin explained how an account abstraction extension called “paymasters” can allow users to pay for gas fees using “whatever coins that they are transferring.”