Author: James Wilson
Binance has announced that it is supporting the upcoming network upgrade and hard fork of Cardano, which is set to take place tomorrow, on Jan. 29, 2025, at around 21:45 UTC. In order to do this smoothly, Binance will halt deposits and withdrawals of Cardano (ADA) tokens on the same day beginning from 20:45 UTC. Binance announced that trading for ADA tokens will not be suspended during the upgrade process. All technical requirements of the upgrade will be completed by Binance so that users can upgrade seamlessly. This upgrade is intended to improve the functionality of the Cardano network, and Binance’s support demonstrates its…
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December 2024, Frank Richard Ahlgren III was sentenced to two years in prison and fined $1.1 million for evading taxes on his crypto sales. In a Jan. 27 blog post, blockchain analytics firm Chainalysis said the ruling marks the first time the tax watchdog has secured a conviction for tax fraud solely involving digital assets. “Beyond the IRS, the case also…
HIVE Digital has signed a multi-million deal to acquire a 200 MW mining site in Paraguay, with plans to achieve 25 EH/s by September. Canadian Bitcoin (BTC) mining giant HIVE Digital is set to acquire Bitfarms‘ 200 MW hydro-powered mining site in Paraguay, boosting its mining power to 25 EH/s by September. The power pump represents more than a 400% increase from its current capacity of 6 EH/s, HIVE revealed in a Jan. 28 press release. The facility, called Yguazú, will be developed in two phases. The first phase — which is already 80% complete — is set to go…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ice Open Network offers a scalable blockchain solution, tackling web3’s biggest challenges with speed, security, and true data ownership. Blockchain has long been touted as the antidote to concerns over creeping centralization, and the abuse of our personal data. But, scalability issues mean this technology is often ill-equipped to serve as a mainstream solution for tackling this problem. As networks grow in popularity, transaction costs tend to rise, even as the speed of transfers falls. The Ice Open Network…
In recent times trading has evolved to become a field that is dominated by Automated trading bots. Currently, over 90% of trades on the stock market are executed by these trading bots. In the tech-savvy world of crypto, this trend has been adopted as well. For this purpose, we are going to review two of the most popular trading bots, Coinrule and 3Commas. We will be comparing the two tradings bots, across different criteria to determine which is the best trading bot for beginners. The criteria that we will compare are PricingEase of use Availability of ExchangesTrading StrategiesOperating Systems Customer Support The…
Estimated reading time: 13 minutes This article reviews three centralized finance (CeFi) crypto lending platforms: BlockFi vs Celsius Network vs Hodlnaut. BlockFi BlockFi is a major player in the crypto lending sector and solidified in their $350M recent investment round. It is a type of financial management platform that offers market-leading financial tools to help crypto investors earn interest on their crypto and get USD funding through crypto-backed loans. Founded in 2017, BlockFi aims to be one of the most reputable financial services providers in the crypto market. The company provides market-leading rates with institutional benefits through their interest account…
Today we will review Napbots, a cloud-based automated trading solution for crypto-assets. Napbots provide well-designed trading strategies to increase your investment returns. Summary Pre-designed Quantitative Strategies to increase profitsTest strategies using historical market dataSimple set-up and intuitive interfaceIntegrate with top crypto exchangesSecure as your funds never leave your walletPricing based on the amount traded What is Napbots? Napbots was founded by Napoleon Group, a Fintech who has been designing quantitative strategies for both conventional and crypto-assets for more than 20 years. Napbots seeks to democratize quantitative investing for crypto-assets with an emphasis on the most liquid ones (BTC, ETH, BCH, XRP, EOS,…
Delaware-headquartered Tuttle Capital has filed for leveraged exchange-traded funds based on memecoins, including the Official Trump and Melania Meme tokens. According to Bloomberg analyst James Seyffart, Tuttle has filed for ten 2x leveraged ETFs, covering assets like XRP (XRP), Solana (SOL), Litecoin (LTC), Chainlink (LINK), Cardano (ADA), Polkadot (DOT), BNP, Bonk (BONK), and the Official Trump (TRUMP) and Melania (MELANIA) tokens. Unlike traditional spot ETFs that mirror the underlying asset’s performance one-to-one, leveraged ETFs aim to amplify returns, offering investors the potential to achieve twice the daily performance of the tracked assets while also increasing risk exposure. With this filing,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors shift focus from Shiba Inu to a new contender leveraging real-world asset tokenization for transformative market potential. Investors and enthusiasts are shifting their focus from Shiba Inu to Rexas Finance as the newly established competitor is emerging into the crypto sphere. Rexas Finance is dominating the market with its real-world asset tokenization, offering both institutional and retail investors something unique. By enhancing its utility framework and launching its token builder, Rexas enables asset management by offering liquidity and…
Interoperability, privacy, and infrastructure still pose hurdles to retail CBDC adoption, a survey by GlobalData reveals. Central bank digital currencies are still a tough sell, even where they’ve officially launched. GlobalData’s latest survey report reveals that for consumers in many countries, CBDCs just don’t offer enough to make the switch from familiar payment methods, as state-backed digital currencies struggle with a lack of user incentives, privacy concerns, and technological challenges. Blandina Szalay, banking and payments analyst at GlobalData, says the “very limited uptake of CBDC in countries where it fully launched — in the Bahamas, Jamaica, the Eastern Caribbean Currency…