ADA’s price might retrace if holders keep their tokens from circulating. Technical analysis identified a key support at $0.45 that might prevent a plunge. According to an analysis by AMBCrypto, long-term investors holding Cardano‘s [ADA] tokens have generally kept them stashed away, as indicated by a high Mean Dollar Invested Age. Based on data from … Read more
Trust Wallet, a company that offers crypto wallet services, advises Apple users to turn off iMessage due to credible information indicating a potential security vulnerability. Hackers could reportedly use this flaw to seize control of affected devices. iOS users be warned: A dangerous zero-day exploit, verified by reliable sources, is being offered for sale on … Read more
On April 13, Bitcoin (BTC) experienced a sudden 13.3% price decrease, causing distress for many traders who had magnified their holdings. Consequently, approximately $387 million worth of long positions were forcibly sold off, and the total open interest decreased by around $5.4 billion. Initially, it seems that this market fluctuation reflected a diminished readiness among … Read more
Approximately 160 days after admitting guilt to a single felony charge in a deal with the U.S. government, Changpeng “CZ” Zhao, ex-CEO of Binance, is expected to stand before a federal judge. On April 30, Judge Richard Jones will oversee a significant courtroom confrontation in the Western District of Washington’s United States District Court between … Read more
Senate representatives Elizabeth Warren and Charles Grassley have penned a missive to CFTC chairman Rostin Behnam requesting details about any past communications he may have had with Sam Bankman-Fried, former CEO of the now-defunct cryptocurrency exchange FTX. The duo aims to reiterate their demand for this information, referencing a previous letter from Senator Josh Hawley … Read more
Have you finished your 2023 taxes? April 15 was filing day in the United States, so to honor the day, we checked in with four tax professionals to get their best tips for American cryptocurrency holders and expatriates. Robert W. Wood, tax lawyer at Wood LLP: Feel free to file for an extension to Oct … Read more