Australia’s Tax Office Targets 1.2 Million Crypto Users in Compliance Crackdown

This initiative is part of a broader attempt to identify those who may have skirted tax obligations on their crypto trades, as detailed in a notice issued last month, which was obtained by Reuters.

Australia’s tax authorities are stepping up their efforts to address tax compliance among cryptocurrency users, reflecting a global trend towards stricter regulation of digital assets.
The Australian Taxation Office (ATO) is seeking detailed personal and transaction data from up to 1.2 million users of cryptocurrency exchanges.

#Writ2Earn Trending Altcoins For This Week

After a good month of February, the crypto market has shown some signs of dips for few cryptos except a following trending altcoins.

According to the fear and greed index, the crypto market is in the extreme greed phase. Many altcoins have performed exceptionally well in the last month. The March month has started with a little setback for a few cryptos, whereas some have maintained the rhythm. In this blog, we will discuss the trending altcoins for the week.
Top 5 Trending Altcoins

Based on the metrics of CoinmarketCap, the top five trending altcoins for the week are Pepe Coin, Digwifhat, Portal, Ondo, and Fetch.ai. Other than this, Ethereum has surpassed the $3500 mark and is currently trading at $3,427.17 with a dip of 0.85%.

Pepe Coin
Dogwifhat
Portal
Ondo
Fetch.ai

Bitcoin Asia: Initial Speakers Announced

Bitcoin Asia 2024 is poised to redefine the global Bitcoin conference landscape. Hosted at the Kai Tak Cruise Terminal in Hong Kong, the conference is anticipating over 5,000 attendees, 100+ speakers, and 200+ companies to participate. 

Initial Speakers

Bitcoin Asia is excited to announce a lineup of industry experts and leaders for our May 9th-10th event. 

Benjamin Yi - Riot

Dan Held - Bitcoin Educator

Dylan LeClair - UTXO Management

Eric Qiu - CMS Holding

Jack Kong - Nano Lab

Jan Smejkal - Xverse

Jeff Merlin - Merlin Chain

Johny Ng - HKSAR legislative council

Kevin Zhang - Foundry

Muneeb Ali - Stacks

Paul Sztroc - Layer Two Labs

Udi Wertheimer - Taproot Wizards

Ren CF - Electric Capital 

Willem Schroe - Botanix Labs

Wolfie Zhao - BlocksBridge

YuShan Zheng - Waterdrip Capital

Stay tuned for more big speaker announcements in the near future.

Marathon Digital Holdings Introduces Slipstream to Enhance Bitcoin Transaction Efficiency

Marathon Digital Holdings has unveiled Slipstream, a groundbreaking service aimed at enhancing the Bitcoin network's efficiency, particularly for large or unconventional transactions that typically face hurdles in processing. Launched on February 22, 2024, this initiative marks a significant milestone for Marathon, known for its pivotal role in the Bitcoin ecosystem. Slipstream, leveraging Marathon's proprietary MARA Pool, promises a direct avenue for submitting these challenging transactions, ensuring they adhere to Bitcoin's strict protocol and are processed swiftly, provided the transaction fees are met. This move not only positions Marathon as the first Bitcoin mining entity to introduce such a service but also underscores its unique standing as a publicly traded company with the capability to directly influence transaction confirmations through its mining operations, according to Mara

Bitcoin to Six Figures? The Bull Case for BTC in 2024

Bitcoin’s price in 2024 is expected to hit a record high, driven by several factors.
An ETF approval, BTC halving, and Interest rate cuts are identified as potential price drivers.
Experts predict Bitcoin could hit $125K by the end of 2024.
As 2023 draws to a close, the cryptocurrency market’s recent resurgence has prompted speculations of a much more positive performance in the upcoming year. Crypto enthusiasts are anticipating the leading digital asset, Bitcoin, to set new records and onboard new crypto natives.

The expectations for a bullish 2024 hinge on several factors, which experts predict could drive higher price movement—notably, a widely expected spot Bitcoin exchange-traded fund (ETF) approval by the US Securities and Exchange Commission in January.
Going by analysts’ estimations, an ETF approval is expected in the early weeks of January. Already, optimism around a possible approval has sent crypto prices up since November, with Bitcoin peaking at $44K and staying above the $40K levels since then.

According to analysts, a spot Bitcoin-ETF will make the digital asset tradeable on the US stock market. Furthermore, the influx of institu…

Revolut Unlocks Crypto Trading in New Zealand, Expanding Fintech’s Offerings with 100+ Pairs

Revolut’s New Zealand users can now trade major cryptocurrencies like Bitcoin through the Revolut app and access educational resources. Image by boumenjapet, Adobe Stock.
London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers in the country can buy, sell, and hold over 100 different digital currencies on the Revolut app.

The launch provides New Zealanders with a new avenue to gain exposure to digital currencies as crypto adoption is growing worldwide. Revolut first enabled cryptocurrency transactions back in 2017 and has since rolled out trading to its users across the European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, and the United States.
According to Revolut’s announcement, the decision to launch full crypto trading in New Zealand is part of its strategy to expand into new verticals and simplify cryptocurrencies for mainstream users.

CRO Price Prediction: Is CRO Ready To Outperform Above $0.12000?

CRO price displays a flag and pole pattern and is close to recording a breakout, where buyers are halting the gains and trying to escape the psychological round mark of $0.10000. However, the sellers did not permit the bulls to ride the rally and are facing refusal in the last sessions.CRO price is trading near the resistance zone of $0.10000 and forming a morning star candlestick.

CRO price is trading above neutrality and is in the bullish trajectory, indicating the bulls dominance for the past sessions. Moreover, the price action reveals the bullish momentum, and buyers have persisted in adding long positions, are trying to endeavour for gains, and are looking to reach the swing high of $0.12000. Per the Fibonacci retracement levels, CRO price is above 38.2% and is close to the 50% Fib zone.

The live price of CRO crypto is $0.09799, with an intraday gain of 3.50%, showing neutrality on the charts. Moreover, the trading volume increased by 1.47% to $10.78 Million. However, the pair of CRO/BTC is at 0.00000229 BTC, and the market cap is $1.50 Billion. Analysts have maintained a neutral rating and suggest volatility may continue in the following sessions.

CRO On Daily Charts Displays Flag & Pole Pattern

XRP Stumbles Upon This Resistance, But Reversal Could Be Around Corner

XRP breached important resistance level, but reversal is not yet possible

As the crypto market is slowly recovering, XRP has recently hit a snag at a notable resistance level, sparking discussions among traders and analysts alike. The latest chart indicates that XRP is grappling with downward momentum, potentially poised for a reversal.

Read more on U.Today https://u.today/xrp-stumbles-upon-this-resistance-but-reversal-could-be-around-corner

XRP’s trajectory has brought it close to the 100-day exponential moving average (EMA), a significant support that traders often monitor. This technical indicator serves as a barometer for the asset's medium-term trend, and landing on it could suggest a pivotal moment for XRP’s next move. While approaching this crucial support, XRP has fallen below a critical threshold that previously bolstered its price, hinting at the market's uncertainty.

Read more on U.Today https://u.today/xrp-stumbles-upon-this-resistance-but-reversal-could-be-around-corner

Is another Bitcoin bull run underway? This analyst thinks so

Bitcoin might be poised for another bull cycle.
This is based on readings from its NUPL, MVRV Ratio, and Puell Multiple.
Bitcoin [BTC] may be gearing up for another surge despite a recent pullback from its 2023 high of $44,000, pseudonymous CryptoQuant analyst Tarekonchain noted in a new report.

These indicators hint at another bullish rally

Tarekonchain assessed three key on-chain indicators and found that their values have gradually increased recently.

Based on these readings, the analyst concluded that

The first metric the analyst considered was BTC’s Net Unrealized Profit/Loss (NUPL). The NUPL metric determines whether BTC holders are currently experiencing unrealized gains or losses.

It compares the average purchase price of all BTCs investors hold to the current market price. When it rises above zero and remains in an uptrend, it means that BTC holders are in profit.

Cardano Price Forecast: Can Bullish Crossover Thrust ADA To $2?

Cardano price forecast: The crypto market regained its shine again after starting the week on a dull note with Cardano (ADA) increasing by 2.8% to $0.64 on Thursday, market data by CoinGecko shows.

Crypto majors have also posted significant rebounds, starting with Bitcoin’s jump above $43,000 and Ethereum’s climb to $2,280. Solana steadied its movement above $70, rallying by another 9% to $73 while XRP rose 2% to $0.62.

Giddy Makes it Even Easier to Buy Crypto with Stripe Integration

Giddy, a self-custody smart wallet, is revolutionizing the way crypto enthusiasts interact with DeFi by incorporating Stripe, a leading payment provider, into its mobile app. This integration marks a significant advancement in making cryptocurrency purchases more user-friendly and accessible.

By collaborating with Stripe, Giddy is expanding the options for converting fiat currency to crypto. This partnership allows users to conveniently fund their self-custody wallets through various payment methods supported by Stripe, such as bank transfers, credit cards, and Apple Pay®. This initiative reflects Giddy’s commitment to simplifying the crypto acquisition process, catering to both new and seasoned crypto users.

Eric Parker, Giddy’s CEO, emphasized the challenges of buying self-custody crypto and expressed enthusiasm for the Stripe integration. He highlighted Stripe’s efficiency and ease of use, making it an ideal platform for rapid crypto transactions.

In a groundbreaking move, Giddy is also introducing native Bitcoin network support. This feature extends the capabilities of Giddy’s innovative multi-factor private key solution, which was previously limited to Ethereum, Arbitrum, and Polygon networks. Giddy’s wallet is distinguished by its unique security approach, wherein a user’s private key is divided into several encrypted parts, enhancing safety and recovery options.

Shiba Inu Vs LUNC Burn: Which One Has Had A Better Impact?

Both the Shiba Inu and the LUNC tokens have seen their growth hindered by the fact that their circulating supply is incredibly large. As a way to curb this, both communities have come up with a burn initiative to reduce the supply of the tokens as much as possible. So far, there have been significant amounts of tokens sent to burn addresses by members of the community. But which community’s effort has had the best impact on the token price?

LUNC Community Hits 85 Billion Mark
The LUNC community burn has gained a lot of traction since it began around a year ago. Every week, millions of tokens are being taken out of circulation in an effort to reduce its over 5.8 trillion supply. This has resulted in tens of billions of tokens being burned so far.

According to the LUNC Metrics website, the community has been able to hit the 85 billion tokens burned milestone. This was hit after over 1.7 billion tokens were burned by the community in a single-week timeframe, bringing the total all-time token burned to approximately 85 billion.

Babylon Raises $18 Million in Series A Funding for Bitcoin Stake Protocol

The Babylon stake protocol, which is currently being developed, announced that it has raised $18 million in a joint Series A financing round led by Polychain Capital and Hack VC. According to Babylon’s announcement on December 7th, other investors in the round include Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital.
Notable Statements from David Tse

David Tse, co-founder of Babylon and engineering professor at Stanford University, stated that the project began raising funds for the round at the end of July and that the process has now concluded. Tse explained that this round is a similar structure to Babylon’s announced $8 million seed financing round in March. He refrained from commenting on Babylon’s valuation in this round.

The Babylon protocol will allow Bitcoin holders to stake their assets in a proof-of-stake blockchain network and earn returns. The protocol will essentially allow PoS chains to introduce a stake presence in the Bitcoin ecosystem. Babylon aims to use Bitcoin’s security measures to enhance the security of PoS chains.

Bitcoin Soared Beyond $39K, Is Bitcoin Poised For Another Bull Run?

Dogecoin: how DOGE could be set to double it's price

Bitcoin's (BTC) price soars in daring push to new heights : eyeing $40,000

Positive events have come for Solana (SOL), the high-performance blockchain network, indicating bullish momentum. In the last month, the price of Solana has risen by 84%, and is currently trading at $56.

With gains of 18 out of the previous 30 days and price volatility of 22.32%, Solana is still a force to reckon with. In that span of time, SOL’s price surged by a staggering 78%, from $32 to $57.

The ecosystem is much more excited now that Binance has listed BONK, a meme coin based in Solana. Further evidence of Solana’s commitment to the arts is the creation of Artists in Residence, a bustling studio that showcases the variety of art forms involved in the project.

Analyst’s Bullish Prognosis: Solana’s Surge As Ethereum Challenger
Bluntz, a well-known pseudonymous cryptocurrency expert, has shared an intriguing forecast for Solana (SOL), predicting a strong rebound and an upward trend for the virtual asset.

Bluntz recently stated in a YouTube presentation that Solana’s native cryptocurrency, SOL, which is a strong competitor to Ethereum (ETH), has a potential to hit the $80 level.

Based on his research, Solana looks to be about to experience a significant uptick, indicating possible buying opportunities as it stands as a formidable Ethereum substitute in the cryptocurrency market.

Rich Dad Poor Dad” Author Urges Investors to Buy Gold and Bitcoin

Bitcoin (BTC) proponent and author of “Rich Dad Poor Dad” Robert Kiyosaki is out again, encouraging investors to increase their BTC holding rather than acquire traditional assets. In an X post, the acclaimed author encouraged his followers to ditch traditional financial systems and pivot to alternatives like gold, silver, and cryptocurrency, particularly Bitcoin.
“Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now… Before it’s too late,” Kiyosaki said.

Gold Surpass $2K Levels

His call to action was hinged on the recent price rally which each of these assets have seen in the last couple of day. According to Kiyosaki, gold has seen new high levels as it currently trading above $2000. Markedly, gold hit this significant milestone on November 21 and it was triggered by certain factors including a weakened U.S. dollar.
Additionally, investor expectations that the Federal Reserve may have reached an end in terms of interest rate hikes, also contributed to the price surge of gold. There has equally been low Treasury yield and the combination of these factors have all played a part in making gold a more attractive asset for investors.

Bitcoin to Reach $135K

Kiyosaki is confident that Bitcoin will reach unprecedented levels in no distant future. He predicted that the price of the coin will hit $135,000 and this comes around the time when BTC swiftly reclaimed the $38,000 levels. At the time of this writing, a unit of the flagship cryptocurrency is valued at $37,338.23, per data from CoinMarketCap.

Upcoming Token Unlock Events and LOOKS Token Unlock Analysis

One of the data that investors closely follow in the cryptocurrency market is token unlock events. According to Token Unlocks platform, in the next seven days, token unlocks worth $674.92 million will take place. Tomorrow, LooksRare, a local NFT marketplace operating in the Ethereum ecosystem, will have its token unlock event, which should be closely monitored.
Final Hours for LooksRare

According to the data provided by Token Unlocks, which shares token unlock events with its users, token unlocks worth $674.92 million will take place next week, making them the largest token unlock events of recent times. Among these token unlocks is LOOKS, the native token of LooksRare, an important NFT marketplace in the Ethereum ecosystem.

The event, which will take place tomorrow (November 27) at 02:00, corresponds to 6.88% of the total supply of LOOKS tokens, with a market value of $4.59 million. As the event approaches, investors are eagerly following the process, and at the time of writing, LOOKS token was trading at $0.1140. The LOOKS token unlock event will be one of the most notable token unlock events in the coming days.

Dogecoin Price Prediction: Will DOGE Price Surpass YTD High?

Dogecoin price prediction for December 2023 is bullish and suggests it may reach the YTD levels. DOGE price gained positive momentum and trading with a mildly bullish bias. It sustains above the 50-day and 200-day EMAs and showcases an uptrend.

Moreover, the EMAs in DOGE crypto displayed a golden crossover which further added fuel to the momentum.

Meanwhile, Dogecoin crypto also witnessed a massive spike in the buying volume visible in green bars. At the same time, the price also began to rise and rallied 30% in a short span of time. It shows crypto whales are alive and getting ready to take the prices toward YTD high.

In the mid of November, DOGE price suddenly shot up 8% in a single day and attempted to break out of the $0.08500 hurdle. However, the sellers were active in the supply zone, so they rejected the price and succeeded in defending the resistance.

Later, the price showed a minor retracement toward the 50-day EMA, and buyers again came forward to push it upward. Currently, Dogecoin price is trading at $0.07865 with a one-day decrease of 0.37%. The 24-hour volume to market cap is at 2.24.