Privacy coin Monero pumps 31% amid US taxation plans

Monero’s surge amid cryptocurrency taxation news adds to an 84% bounce since the recent market crash. Coinciding with news that United States President Joe Biden’s proposed tax plan would require tax reporting on business transactions exceeding $10,000, the value of privacy coin Monero (XMR) climbed 31% on Friday. Biden’s American Families tax plan would require exchanges and...

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Bitcoin bull market ‘still halfway’ after $30K BTC price crash destroys leverage

The classic end of a Bitcoin bull run, a “mania top,” has not appeared yet, while fundamentals are unchanged in their outlook, says Willy Woo. Bitcoin is still “halfway” through its current bull market, and this week’s price dip turned out to be a “win” for hodlers, according to on-chain analyst Willy Woo. In the latest...

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‘Crypto regulatory crackdown is starting’ but it’ll be OK, says Avanti CEO

Caitlin Long has stated she is optimistic about the crypto regulations that are taking shape in the United States as the focus is on taxation and compliance. The founder and CEO of Avanti Financial, Caitlin Long says the “U.S. crypto regulatory crackdown” has begun, but emphasized it’s not a “Bitcoin ban.” She said she was...

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Senator warns lack of regulations could harm Australian crypto innovation

Australian senator Andrew Bragg has urged regulators to develop clear and comprehensive regulations to encourage innovation and ensure global competitiveness. Conservative Australian senator, Andrew Bragg, has asserted that Australia must introduce better regulations for crypto assets if the country is to “stay ahead of the game” and foster innovation. Appearing on Sky News, the member of...

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Vitalik: Crypto is in a bubble, Bitcoin may get ‘left behind’ due to its power usage

Vitalik Buterin thinks crypto is in a bubble, but doesn’t have a prediction of when it will pop and he believes there is a “possibility” Ethereum will overtake Bitcoin in the future. Ethereum founder Vitalik Buterin thinks crypto is in a bubble and that the energy debate swirling around Bitcoin mining requires it to embrace...

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Cathie Wood says Elon Musk will return to ‘green’ Bitcoin, ETF is now more likely

Ark Investment’s Cathie Wood believes BTC will rally to $500,000 and says the mining sector is increasingly embracing renewable energy. The CEO of Ark Investment Management, Cathie Wood, believes the controversial Tesla CEO and Dogecoin proponent, Elon Musk, will again embrace Bitcoin once greater adoption of renewable energy has occurred within the mining sector. Despite relations...

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ShapeShift takes aim at gas fees with new FOX token functionality

FOX holders will be able to offset gas fees proportionally to their token holdings. In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the...

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Bears positioned to take the lead as $930M in Bitcoin options expire Friday

Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow’s $930 million expiry. On May 21 at 8:00 AM UTC, $930 million worth of Bitcoin (BTC) weekly options will expire. As usual, the leader Deribit holds a 90% share, but the recent market drop might have given bears too much...

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Bitcoin whale who sold at $58K has reaccumulated 3,521 BTC

The whale sold off 3,000 BTC on May 9 for an average price of $58,503.39. They began to reaccumulate less than one week later. Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset. The whale...

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Exchange inflows, on-chain data show retail traders fueled Bitcoin’s sell-off

Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. For the crypto faithful who have been in the space since 2017, the market moves over the past few days have caused flashbacks for some, stirring up long-repressed memories of Bitcoin’s...

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