cryptosheadlines

Santa Rides Shiba (SANTSHIB) Memecoin Will Explode Over 19,000% Before Exchange Listing, While Shiba Inu and Dogecoin Lag

Santa Rides Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Santa Rides Shiba (SANTSHIB), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because SANTSHIB is set to soon be listed on numerous crypto exchanges,…

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Everything You Need to Know About Avalanche9000 Network Upgrade with Etna on Mainnet

The Avalanche Foundation has launched its most significant network upgrade to date, Avalanche9000, introducing the Etna upgrade to its mainnet. It marks a fundamental shift in the Avalanche ecosystem by simplifying the process of launching Layer 1 blockchains, removing the complexities of the previous Subnet model. AVAX’s price remained largely unfazed despite the major overhaul….

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Will Quantum Computers Break Bitcoin?

Imagine a world where diseases like cancer are curable, climate change is solved, and new materials stronger than steel revolutionize transportation. That’s the promise of quantum computers. But with this promise comes a massive risk: the ability to break even the most secure encryption systems in the world. But what does this mean for the…

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XRP Faces Selling Pressure as RLUSD Launch Triggers $28M Exchange Inflow Surge

XRP exchange inflows hit $28M ahead of RLUSD global launch MACD signals increasing bearish momentum Technical analysis suggests potential 10% correction As Ripple prepares for the global launch of its RLUSD stablecoin, XRP experiences an interesting market dynamic where positive news has paradoxically triggered increased selling pressure. This phenomenon, while seemingly counterintuitive, reveals important insights…

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US Treasury Sanctions UAE-Based Firm for Laundering Crypto for North Korea

The US Treasury Department shut down a North Korean laundering crypto scheme using cryptocurrency to wash millions of dollars. The isolated regime has been linked to several crypto-related crimes. The government emphasized its commitment to dismantling these criminal networks as North Korea continues to exploit complex schemes to sustain its military advancements. US Treasury Sanctions…

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Crypto News Digest by U.Today

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…

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Galaxy CEO predicts Bitcoin market cap will overtake gold in 5 to 8 years

Galaxy Digital founder and CEO Mike Novogratz believes Bitcoin (BTC) could match and eventually surpass gold’s market capitalization within five to eight years, following the crypto’s record-breaking momentum. Novogratz made the prediction in response to a post by Alex Thorn, head of research at Galaxy, which highlighted that Bitcoin’s market cap has reached 14% of…

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Ethereum’s culture clash: Dissent, decentralization and progress

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The Ethereum community is at a cultural crossroads as heated reactions to prominent contributor Max Resnick’s departure reveal deeper tensions around governance and dissent. Resnick’s critiques of Ethereum’s governance and scalability approach drew overwhelmingly negative reactions, including accusations of being a “Solana…

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Bloomberg Analysts Predict Litecoin and Hedera ETFs May Launch Before Solana and XRP ETFs

Recently, Bloomberg analysts, Eric Balchunas and James Seyffart, have predicted that the Litecoin and Hedera ETFs could launch before the Solana and XRP ETFs. Notably, they expect the SEC to first approve Bitcoin and Ethereum combo ETFs. Bitwise, Franklin Templeton, and Hashdex have all filed to offer these dual ETFs. These analysts predict the next…

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How Pre-2022 Cryptocurrency Gains Are Now Classified for Tax Purposes

– Advertisement – ITAT ruled pre-2022 cryptocurrency gains as capital assets, subjecting profits to capital gains tax with applicable deductions. Profits from cryptocurrency sales before April 2022 qualify for long-term capital gains if held for over three years. Post-April 2022, cryptocurrency gains face a flat 30% tax rate without deductions, under new Virtual Digital Asset…

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