Opinion

According to Japan’s Finance Minister Taro Aso, he is not willing to demand the reduction of tax rate on cryptocurrencies in the country to 20 percent due to the difficulty of numerous households investing in digital assets. On June 2, the minister attended a meeting of the House of Councillors Committee on Financial Affairs, and answered a question by Japan Restoration Association member. According to Aso, about 900 trillion yen (8.4 billion USD) of the 1900 trillion yen (17.6 billion USD) financial…

The price of Ethereum has dipped by almost 80 percent from its lifetime high of $1.4k. This is due to the ICO bubble collapse and the history of a shift from altcoins to Bitcoins. However, by comparison, Bitcoin has only declined by 50 percent from its lifetime high of almost $20k. Numerous cryptocurrency market participants believe that Bitcoin will keep outperforming altcoins while a renowned investor is throwing his weight behind Ethereum. It is clear that the performance of Bitcoin…

Many people consider Bitcoin a store of value and they look for opportunities to buy when its price declines. This is one of the reasons it is called digital gold. Bitcoin is likewise hard money with a limited supply and despite being digital, it does not encounter the challenges faced by gold. The cryptocurrency is becoming scarcer every day even as its inflation has declined after the completion of its block reward halving. Additionally, hodlers’ attitude shows that they have…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $269 billion Bitcoin slumped to almost $8,700 but surged back to $9,500 over the weekend Ethereum is flying high on a 10% increase during the week XRP finally climbs above the $0.20 mark and stays there for more than a day Argentina defaults on $65 billion worth of foreign debt Crypto Trends 25th -…

Trading, holding, transferring and generation of digital assets is now possible for Incore Bank in Switzerland due to the authorization received from Swiss Financial Market Supervisory Authority (FINMA). The local bank announced the launch of access to digital assets on May 29, representing a critical step towards the creation of a blockchain-friendly environment across the EU banking sector. This makes the bank the pioneering business-to-business bank in Switzerland, approved for operation within the cryptocurrency space. Incore Bank is now allowing institutional clients to…

According to the founder and CEO of Tron, Justin Sun, there are now 6 million addresses on the Tron network. This notable milestone is due to the increasing number of dApps developed on the network which has become 768 as at last week. https://twitter.com/justinsuntron/status/1266293187645071360 In 2020, the decentralized blockchain network recorded a remarkable increase in use, in spite of its falling market capitalization. As revealed by data from blockchain explorer Tronscan, the number of new addresses created on the network has been…

Here are two new metrics from the top cryptocurrency data aggregator CoinMarketCap (CMC). The new metrics is to rank exchanges and market pairings according to several factors that are aimed at reducing the effect of fake volume on the platform’s data. In recent times, CMC presented some changes which proved controversial for favoring its new parent firm Binance, thereby requiring the changes just introduced. On May 29, CMC presented its new ‘Confidence’ metric for the identification of suspicious volumes reported by exchanges.…

TRON Founder and CEO Justin Sun recently set Twitter on fire with the TRON 4.0 launch announcement.  Founded in 2017, TRON is mainly designed to exploit blockchain technology and the Peer-to-Peer network to erase the need for middlemen in its ecosystem. Fuelled by the ambition to create a fully decentralized blockchain, the platform has partnered with various firms and attracted many developers and users.  Sun's latest tweet about TRON 4.0 triggered new excitement among blockchain users and fans. But what…

Throughout the previous few weeks, analysts noted that BTC was eventually looking for a local top. Bitcoin has been rejected at $10k price range three times in the past few months. The rejections led to people’s reconsideration of their bullish stance on Bitcoin because this level is important. Market participants have been considering data from financial derivatives like futures and options to understand cryptocurrency price movements over the previous few months, as they keep providing crucial information. According to derivatives…