Category: Cryptocurrency News

Korean lawmakers plan to impose taxes on NFTs after classifying them as virtual assets.

This exchange doesn't list coins/tokens for money, they list coins/tokens which they think are beneficial for their clients. I created a table of CoinMetro's microcap/early picks with price action. ​ COIN / TOKEN LISTING PRICE ATH CURRENT PRICE QNT ~7 427.42 (61x) 238.11 (34x) PRQ ~0.03 2.62 (87x) 0.86 (29x) LINK ~1 52.7 (53x) 27.08…
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If you’ve been paying attention to the broader crypto market lately, you might’ve noticed the emergence of Avalanche (AVAX). While many of the biggest coins in crypto have been experiencing some slight declines, most of which have come after ridiculous gains throughout the year, Avalanche has been outperforming peers by leaps and bounds. If you’re not familiar with the blockchain, spearheaded by Ava Labs, now might be the time to get acquainted. The $AVAX token has found it’s way to aggressively challenging the top 10 cryptos by market cap – no small task – and there’s been no memes necessary to make it all happen. When It Rains, It’s… An Avalanche? While the dictionary definition of an avalanche is “snow, ice, and rocks falling rapidly down a mountainside,” the AVAX token has been… exactly the opposite in recent weeks. The one-month chart tells quite a story, with a price that has roughly doubled in the past thirty days: AVAX has had stellar Q3 and Q4 this year. | Source: AVAX-USD on TradingView.com This is nothing to write off. In fact, if you look at the top 20 tokens by market cap, excluding stablecoins, at the time of publishing only two tokens have a green chart over the past 7 days: Crypto.com’s token, $CRO, which has performed well after sealing in the naming rights to Los Angeles’ formerly-known Staples Center, and of course, Avalanche. The surge has led AVAX to surpass meme tokens like Dogecoin and Shiba Inu in top coins by market cap. At the time of publishing, AVAX has been neck and neck with DOGE with regards to market cap. That’s no laughing matter. Meanwhile, some of those top tokens, including well-established, long-standing players like Litecoin and Chainlink, have dropped 15-20% over the same time period. So what’s been the secret for Avalanche’s success lately? Related Reading | Brace For More Downtrend: 15% Of Bitcoin Supply Is Now In Loss Opportune Timing: Deloitte Deal Some of Avalanche’s success has to be credited to ideal timing. Momentum had already been building in late October and into early November. Last week, our team covered the story of Ava Labs new deal with Deloitte, aimed towards building better efficiency around disaster response times. However, even earlier in the year, our team also released an in-depth report that highlighted Avalanche as a prime contender for holding a big piece of DeFi market share. The momentum has since been growing for the blockchain; in September, The Avalanche Foundation raised nearly a quarter of a billion dollars. Avalanche also launched a massive incentive program in recent months to attract investors. Ethereum challengers that offer substantially lower gas fees, show strong potential in DeFi and NFTs, engage in more environmentally-friendly transactions, and conduct fast transaction times have been given their opportunity to shine this year – arguably as much, if not more so than in years past. Solana, for example, hit record highs in recent weeks as the token establishes itself as a firm #2 in NFTs behind Ethereum. And of course, Avalanche is certainly a viable candidate here as well. Avalanche: More Than Just Riding A Wave With all of this in mind, don’t dismiss Avalanche for just having a hot streak at the right time. The token does have fundamentals that justify it’s surge in price given the heat in the DeFi and NFT space lately, and offer plenty of reason for positivity. The team at Ava Labs haven’t gone full-force in marketing, and rather, have focused on in-depth whitepaper details and building on the chain’s fundamentals. Avalanche utilizes a consensus model, which means that rather than a Proof-of-Work or Proof-of-Stake mechanism, the chain utilizes random voting to validate transactions. This makes the chain much more difficult to attack and exceptionally efficient with regards to transaction times and volumes. The Avalanche product leaves us with plenty to write home about. Furthermore, as many know, Avalanche is actually composed of several chains, including the X-Chain, smart contract C-Chain, and the P-Chain. This is especially developer-friendly, giving blockchain engineers versatility in products that they are creating. AVAX tokens also include governance, however the token is subject to a substantial amount of pre-sale tokens that could be unlocked in the months to come. While Avalanche is all business, did we really say no memes!? This is crypto, so some memes are just a prerequisite. Related Reading | November Crypto Market Turbulence Shakes Holders To Their Core Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

The founder of Africa-focused media and investment company Footprint to Africa, Osita Oparaugo, has urged governments on the continent to embrace cryptocurrency. Africa Must Not Be Left Behind Osita Oparaugo, founder of Footprint to Africa, has argued that a timely embrace of cryptocurrencies by African governments would be beneficial to the continent’s growth prospects. In […]

Unfortunately these days I don't have alot of time to scroll reddit or this sub for that matter for crypto news. That being said im just seeing loopring everywhere including r/superstonk and wsb forum so what am I missing? Is this coin somehow affiliated with games top etc and if so how is it being…
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“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services… I think there’s a strong case for that,” said Pat Toomey.

Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi.

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The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.