ApeCoin (APE) price jumps 100% on ApeChain launch

U.S. lawmakers believe they can find $28 billion worth of infrastructure funding by expanding taxation on crypto transactions. 1007 Total views 8 Total shares Last-minute additions to the bipartisan infrastructure deal in the United States Senate saw lawmakers propose expanded cryptocurrency taxation to raise an additional $28 billion in revenue.The proposal will implement tighter rules…

Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. 92 Total views 2 Total shares Coinbase’s professional trading platform Coinbase Pro will cease to exist as the cryptocurrency exchange is restructuring services to bring them all into one platform.The United States-based crypto trading firm Coinbase officially announced…

Continued adoption of nonfungible tokens across a variety of industries from video gaming, music, art and digital collections could see the sector valued at $231 billion by 2030. 325 Total views 4 Total shares A market report published by Verified Market Research (VMR) provides a lofty prediction for the future of the nonfungible token (NFT)…

Demand for Aave has boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally focused investment vehicle.The San Francisco-based asset management firm announced Wednesday that it would invest directly in Aave to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and…

NFT sale volumes are a mere shadow of what they were in previous months, but renewed interest in Bored Ape Yacht Club NFTs and a new Lil Baby Ape Club derivative project could be reversing the trend. 1078 Total views 12 Total shares Crypto Twitter nonfungible token (NFT) influencers have been relatively quiet over the…

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars.Assuming the worst-case scenario of the U.S. government eventually…

Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway.Ether/USD 4-hour price at Bitstamp. Source: TradingViewOn the non-crypto side, a number of equities-related factors are translating…

South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges. 583 Total views 35 Total shares South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an Aug. 15…