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In a daring forecast, the co-founders of the well-known cryptocurrency analytics firm Glassnode, operating under the X account Negentropic, have predicted that Solana (SOL) could surpass Ethereum (ETH) by an impressive 500%. Jan Happel and Yann Allemann, the masterminds behind Glassnode, conveyed their positive outlook on Solana ’s potential to outperform Ethereum. They drew inspiration from a recent interview featuring macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal. Positive Projections for Solana The optimistic perspective on Solana from Glassnode’s founders emerged during a discussion regarding the potential for a substantial rally in the SOL/ETH chart. In an interview exploring risk-adjusted returns, the co-founders were asked about their preferences for a $10,000 investment over 12 months. This came with a focus on Ethereum and Solana. Pal and Zeberg, after analyzing Solana’s recent performance trend, expressed confidence in its signific...

The Financial Accounting Standards Board has released its first crypto accounting rules , revolutionizing how companies report crypto currency holdings. Under these new guidelines, businesses holding Bitcoin (BTC) or Ethereum (ETH) must now value these assets at their current market price, a method known as fair value measurement. Previously, companies could only report the depreciated value of their crypto assets, often leading to diminished earnings reports due to the volatile nature of cryptocurrencies. This one-sided approach has been a point of contention for businesses heavily invested in digital currencies. JUST IN: #Bitcoin to be recorded at fair value under new FASB rules issued today – Bloomberg This is HUGE! pic.twitter.com/47gUogsDul — Radar (@RadarHits) December 13, 2023 You might also like: Nasdaq repurposes crypto tech for wider financial service uses The new rules aim to provide a more balanced and accurate reflection of a company’s ...

Within the most recent rally and multiple cryptocurrencies surging in price, cryptocurrency greed is back to 2021’s levels in multi-year highs. Investors and traders firmly believe that a bull market has started, setting high expectations for 2024. Fear and Greed indexes offer valuable insights into the overall sentiment in a given market based on technical indicators. Essentially, fear surges under bearish indicators and weak momentum with high selling pressure. In the meantime, greed appears during a strong momentum with an increased demand. However, extreme fear is usually associated with an ‘oversold’ state, while extreme greed can often signal ‘overbought’ capitalization. Both states might trigger a trend and sentiment reversal. Greed is back to 2021 levels in crypto Cryptocurrency Total value locked in DeFi surpasses multiple countries' GDP Cryptocurrency Buckle up: Altseason can ignite at any moment; Here's why C...

Crypto investigations are no longer focused on money laundering as about half of the crypto probes in 2022 involved tax, the IRS says. As per a Bloomberg report, Jim Lee, head of the Internal Revenue Service’s (IRS) criminal investigation division says that crypto investigations now cover various offenses such as failure to report income from capital crypto gains or mining activities to not disclosing crypto holdings. The report says the IRS unit’s played a pivotal role in the criminal case against Binance and its executives, when the exchange’s founder Changpeng Zhao pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement. However, no other details were specifically given about the unit’s efforts on the matter. Meanwhile, the IRS is struggling to come up with a new framework for crypto as in late Oct. 2023, the agency extended the period for comments on crypto tax reporting requirements until Jan. 25, 2024 in...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As someone who has observed the crypto revolution unfold from the industry’s front seat, I find it hard not to be awestruck by the magnitude of this burgeoning domain. Digital assets and blockchain technology not only surpassed a $3 trillion market cap, but experts also predicted that they would keep on growing at a higher rate. Undoubtedly, the crypto market has transformed from an obscure curiosity into a global economic powerhouse, shaping brand-new frontiers in finance. You might also like: Will Bitcoin price make a new all-time high in 2023? Prediction and analysis As most of us marvel at the growth, a recent issue has threatened to undermine the security of billions of dollars in crypto assets: outdated, cold wallets. As experts and enthusiasts, we’re more than familiar with these convenient little devices. Designe...

ScapesMania :  Innovatively positioned for growth in the crypto market. Ripple (XRP):  Resilient despite legal challenges, with fluctuating market performance. Cardano (ADA): At a pivotal point, with potential for significant price movements based on market trends. The cryptocurrency market has pulled back from recent highs, but overall sentiment remains bullish. Bitcoin and major cryptocurrencies like Ether show resilience, with Bitcoin experiencing a 30% rally since early October.  This surge is attributed to the anticipation of a spot BTC Exchange-Traded Fund (ETF) approval and a favorable macroeconomic backdrop. Technical indicators suggest a positive outlook, with predictions of Bitcoin breaking out above $38,000 and testing the $42,000 level if momentum continues. This bullish trend extends beyond Bitcoin, presenting opportunities for altcoins such as Ripple ( XRP ), Cardano ( ADA ), and the innovative project ScapesMania . While Ripple...

The surge in adoption of Dogecoin (DOGE), the well-known humorous cryptocurrency, persists, marked by the number of crypto addresses holding DOGE exceeding 5 million for the first time. This growth, witnessed two years post the initiation of the COVID-19 pandemic, suggests an enduring interest in less serious digital assets. Nevertheless, despite a substantial increase in active addresses and confirmed transactions within the DOGE network, concerns linger regarding the concentration of ownership within the DOGE ecosystem. Elevated Metrics and Ongoing Concerns Data provided by on-chain analytics firm IntoTheBlock indicates a significant rise in DOGE adoption, with the number of addresses holding the cryptocurrency surpassing 5 million. The count of active addresses has more than doubled, reaching 168,000, the highest since March 2022. Additionally, confirmed transactions on the Dogecoin blockchain have surged, registering a remarkable 1,000% increase in the past 10 days, reaching l...

Cryptocurrencies have outperformed stocks and commodities this year. Most coins, including Bitcoin and Ethereum have jumped by over 100$%.  The Shiba Memu token sale is accelerating as demand rises. Cryptocurrencies have been the best-performing assets this year.  Bitcoin price has jumped by more than 120% this year while the tech-heavy Nasdaq 100 index and gold have soared by 48% and 10%, respectively. Other smaller coins like THORChain (RUNE), Injective (INJ), and Solana have risen at a faster pace. Why the crypto bull run is happening There are three main reasons why the crypto bull run is happening. First, Bitcoin has jumped because of the ongoing trend known as TradFi, which happens when companies in traditional finance move to the crypto industry.  The most notable of these companies are big players like Blackrock (the biggest asset manager in the world), Invesco, Ark Finance, and Fidelity have all filed for a spot Bitcoin ETF ...

The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements. A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded that a full 46.48% of the crypto lost from exploits in 2022 was not from smart contract flaws but was rather from “infrastructure weaknesses” or issues with the developing firm’s computer systems. Categories of Web3 vulnerabilities. Source: Immunefi. When considering the number of incidents instead of the value of crypto lost, Web2 vulnerabilities were a smaller portion of the total at 26.56%, although they were still the second-largest category. Immunefi’s report excluded exit scams or...

The cryptocurrency market is abuzz with anticipation as attention turns to the potential approval of spot exchange-traded funds (ETFs) for leading cryptocurrencies Bitcoin and Ethereum. This development has infused a renewed sense of optimism into the market, suggesting a potential resurgence of the bull run. As the second week of November unfolds, three notable cryptocurrencies are drawing the focus of investors as the top ones to watch. It presents compelling arguments for extended recovery if the prevailing bullish market sentiment endures. Also Read: Crypto: 47 Nations Embrace Framework for Tax Compliance Solana (SOL): Exceptional Performance Solana (SOL) has emerged as a standout performer this week, demonstrating a notable gain of 36.7% in the week concluding on Nov. 12. The majority of these gains materialized on Friday, Nov; 10, with a surge of 25.2%. This upswing is linked to the heightened attention to projects being developed on the Solana network. Despite SOL r...

Hey, crypto enthusiasts! We all know the festive season brings surprises, but this one is off the charts. The crypto world is buzzing about Borroe Finance ($ROE), and word on the street is, it might just overshadow giants like XRP and BNB. Let’s unwrap this gift and see what’s inside. Borroe Finance: the game changer Now, for the show’s star: Borroe Finance ($ROE). If you’re not familiar, brace yourself. This isn’t just another crypto; it’s a potential revolution. Borroe Finance isn’t shy about its ambitions. It aims to reimagine crowdfunding, turning future income into sellable NFTs. Imagine being a freelancer or creator and getting paid now for the work you’ll do later. Mind-blowing, right? But wait, there’s more. The presale of Borroe Finance was a sensation. Investors scrambled to get a piece of the pie, driven by a community that’s both robust and ecstatic about the project’s potentia...

The crypto market has declined over the past month, with many coin veterans such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) suffering huge drops in value. But no currency in crypto has seen a deterioration like Terra (LUNA). It went from being one of the top ten most valuable cryptocurrencies to now being ranked #2785 on CoinMarketCap . Unfortunately, the crypto crash did not end in May and has suddenly occurred yet again. According to reliable sources, Bitcoin has crashed more than 10%, falling below $25,000 for the first time since December 2020.  Despite this, upcoming crypto tokens such as Mushe (XMU) could be a viable alternative for investors who are looking for safer options. This article will explore how Mushe (XUM) could help the crypto market recover, whilst reviewing if Bitcoin (BTC ) can maintain its dominance in the market. Mushe (XMU) - The new DeFi token  Mushe (XMU) is an upcoming decentralised finance (DeFi) token that aims to facilitate gov...

Ethereum co -founder , Vitalik Buterin, has lauded X’s new Community Notes feature, highlighting its alignment with core blockchain values despite its non- crypto currency origins. In December 2022, the social media giant formerly known as Twitter, now X, launched Community Notes. Since then, it has steadily grown in prominence, establishing itself as a cornerstone tool for the platform. Open-source in nature, Community Notes allows anyone to participate as a contributor. Though still recognized as being in its developmental pilot phase, the feature plays a central role in a burgeoning community dedicated to identifying and correcting misinformation on the microblogging platform. What do I think about Community Notes?https://t.co/9A0PnanndM — vitalik.eth (@VitalikButerin) August 16, 2023 Vitalik Buterin remarked on the striking parallels between the tool and some blockchain projects. He praised its decentralized essence, the emphasis on community engagement, and its t...

The Australia n Securities and Investments Commission [ ASIC ] has initiated legal proceedings against eToro. The recent lawsuit focuses on eToro’s contract for different [CFD] products. According to ASIC , the cryptocurrency firm failed to perform comprehensive screening tests before offering its “high-risk” leveraged derivative contracts to retail investors. The financial regulator took to Twitter to announce the lawsuit and also called out the exchange. ASIC is suing eToro for allegedly breaching design and distribution obligations and their licence obligations to act efficiently, honestly and fairly #CFD — ASIC Media (@asicmedia) August 2, 2023 ASIC describes eToro’s CFD products as a leveraged derivative contract enabling clients to speculate on fluctuations in the value of an underlying asset. This may include foreign exchange rates, stock market indices, individual equities, commodities, or cryptocurrencies. Currently, eToro offers all of the ...

Since stating just a few months ago that, if it found itself in financial difficulty, it would sell its bitcoin before offloading more shares, Michael Saylor ’s MicroStrategy has sold somewhere in the region of $339 million in shares and plans to sell up to $750 million more in the coming months, likely to buy bitcoin . Saylor made the promise in an interview with George Gammon at the end of last year, citing the responsibility it had to protect its investors. According to its Q1 earnings report, MicroStrategy was running short on cash with revenues dwindling. However, it claimed to have enough funds to survive for the next 12 months with $94 million in its war chest, $2.1 billion in debt, and 140,000 bitcoin. MicroStrategy hints at bitcoin bag dump while offloading shares Read more: Saylor bets the bitcoin bottom as MicroStrategy shorts subside At press time, the company now has 152,800 bitcoins acquired for a total of $4.53 billion , or $29,672 per bitcoin. These coins are ...

Fernando Pérez Algaba reportedly ran a crypto trading business in Argentina and is suspected to have been murdered by a professional outfit. A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after he was found dismembered in a suitcase. According to several local media reports, Fernando Pérez Algaba, a crypto trader and influencer, was suspected as missing on July 18 when he failed to return the keys to a rented apartment and answer his phone. His remains were found less than a week later on July 23 by a group of children in the town of Ingeniero Budge, a province of the Argentinian capital. One of the last images Algaba posted on his social media accounts. Source: Instagram The suitcase contained amputated legs and forearms, authorities discovered a torso on July 24 after draining the stream where the suitcase was found. A head was found in a backpack a day later on July 25. Analysis of fingerprints and...