Based on data from Checkout.com’s study, over 15,000 businesses globally accepted Bitcoin payments by the year 2023. With the growing trend of businesses adopting cryptocurrencies, various governments and tax agencies have become increasingly aware. At present, most nations mandate reporting of crypto income and payment of taxes on them. Despite the intricacy and perplexity that … Read more
Kraken cryptocurrency exchange has declared it will no longer provide Monero (XMR), the privacy token, to users residing in Ireland and Belgium. Kraken announced that they would stop XMR trading and new deposits starting from May 10. They also warned that open margin trading positions for XMR needed to be closed prior to this date. … Read more
ESMA has pointed out that crypto trading is heavily dominated by a few players, which could lead to significant risks for the entire financial market infrastructure. On April 10, a new report was made public. This occurs as the European Union (EU) readies itself to enforce MiCA, an extensive regulatory structure intended for cryptocurrencies – … Read more
Inflows on crypto exchanges, explained An equivalent expression for “inflows of digital assets into cryptocurrency exchanges” could be “the amount of cryptocurrency and digital tokens entering exchanges.” Inflows occur for various reasons in the cryptocurrency market, including investors buying, selling, or transferring cryptocurrencies among wallets. These inflows play a crucial role in evaluating investor sentiment, … Read more
As we approach the upcoming Bitcoin (BTC) halving, the challenge of mining it becomes increasingly harder due to this significant event reducing miner rewards by half. The mining difficulty for Bitcoin has been increased once more prior to the upcoming Bitcoin halving event, reaching an unprecedented high of 86.4 trillion, as indicated by information from … Read more
In the opening three months of this year, the total futures and spot transaction value on crypto platform Bitget reached an impressive $1.4 trillion and $160 billion. This represents a significant surge from the $658 billion in futures trading and $59 billion in spot trading recorded during Q1 of 2023. Based on its Q1 2024 … Read more