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Alexis Ohanian has partnered with the Solana Foundation to invest $100 million to build social-media projects on the solana blockchain.
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World's largest cryptocurrency Bitcoin was trading over 7% higher today. The price of Bitcoin rose 7.34% to $66,119 on Coinmarketcap. Market cap of the cryptocurrency reached $1,252.44 billion.
Dogecoin, founded in 2012 as a joke, has drawn widespread attention from high-profile personalities such as billionaire entrepreneur Elon Musk and rapper Snoop Dogg.
Of course, crypto is notoriously volatile. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. Other coins are even more volatile – the memecoins bounce back and forth wildly at times – and scams and hacks occur with some frequency.
The cryptocurrency crane had continued trending higher this month after experiencing some volatility earlier on when they were trading at $0.0000065 but now hover around $0.0000045, which still makes it more profitable.
The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies.
The NYDFS is known for being especially rigorous in its approach to cryptocurrency businesses compared to other state regulators, requiring an exacting review of capital requirements and policies regarding money laundering, fraud, capitalization, consumer protection, and cybersecurity. It's an unpopular approach among many in the crypto industry, some of whom have even opted to pull business out of New York rather than bear the high cost of compliance.
“This is because if the bill passes, exchanges will have to issue 1099-B tax forms with cost basis information to investors,” Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company, recently told NextAdvisor. “This will significantly reduce the crypto tax filing burden.”
Spanish banks ready to comply with new regulations to offer crypto services to customers
Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
— Patrick Uzcategui is now an government relations associate at Sylvamo, a new spinoff company from International Paper Company. He was previously government affairs coordinator at Tyson Foods.
Bitwise’s chief investment officer explained why the firm has decided to drop its Bitcoin futures ETF and focus on the spot Bitcoin ETF.
Lettau, M. and S. Ludvigson (2001), “Consumption, aggregate wealth, and expected stock returns”, The Journal of Finance 56 (3), 815–849.
Not a huge amount is known about SafeMoon meaning the risk to your investment may be even higher.
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