The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice Avalanche (AVAX) had an amazing week, achieving gains of 50% and securing the 9th position in terms of market capitalization on the top 100 list. This sudden price movement has led traders to speculate if Pullix (PLX)
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Market intelligence firm Nansen says that Ronin (RON), a gaming-focused Ethereum (ETH) sidechain, witnessed a “staggering” surge in address activity last month. Nansen notes that Ronin clocked 464,000 active addresses in November, a 368% increase from the previous month and the largest percentage gain among all chains…
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Grayscale is evaluating the possible tax consequences associated with spot Bitcoin BTC $42,882 exchange-trade funds (ETF), prompted by inaccurate reports circulating about unfavorable tax implications. In a series of posts on X (formerly Twitter), Grayscale clarifies that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund
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SafeMoon US, LLC has filed for Chapter 7 bankruptcy with the United States Bankruptcy Court for the District of Utah. This development follows a tumultuous period for the company, characterized by legal challenges and significant market fluctuations. Concurrently, the value of SafeMoon’s native SFM token has experienced a dramatic 54% decline…
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In a significant move impacting companies holding cryptocurrencies, the Financial Accounting Standards Board (FASB) has introduced new rules requiring them to measure their crypto assets at fair value. This measurement technique, capturing the most up-to-date value of digital currencies like Bitcoin and Ethereum, aims to provide a more accurate reflection of their worth…
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