Portfolio in the red? How tax-loss harvesting can help stem the pain
“If you’ve made a sale during the tax year, and you’ve sold at a loss, there’s basically a benefit there,” says Koinly’s head of tax. Crypto investors — particularly those…
SOL price trending toward yearly low as Solana TVL drops $870M in three days
DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price. Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the…
US Air Force taps SIMBA Chain to develop budgeting and accounting system
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers.…
Soulbound Tokens: Social credit system or spark for global adoption?
Ethereum co-founder Vitalik Buterins Soulbound Token proposal for a robust identity and reputation system has stirred up the crypto community. Soulbound Tokens or SBTs are non-transferable, non-financialized tokens tied to…
High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective
At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang. On Thursday, ZachXBT, a cyber detective in the…
Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. Crypto traders had a brief opportunity to…
Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure
The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum. United States Securities and Exchange Commission…
Further downside is expected, but multiple data points suggest Bitcoin is undervalued
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected. The outlook across the cryptocurrency ecosystem…
Bitcoin Price Prediction for Today, June 16: BTC Falls Below $22,000; Is that all for Bulls?
The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $22,500 to touch the low of $20,464. Bitcoin Prediction Statistics Data: Bitcoin…
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token…
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the…
Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin
Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.”…
Bitcoin of America Is Working to Solve the Gender Problem in the Cryptocurrency Industry
The cryptocurrency industry has a big gender problem when it comes to female involvement. Bitcoin of America (BOA), a popular virtual currency exchange, is looking to solve this major issue.…
5 Cryptos to Buy Now for Future Profits
After a strong surge in 2021, investors saw a quick profit booking in 2022, which resulted in 2022 not being a healthy year for crypto assets (yet). On June 13,…
Bitcoin Price Prediction for Today, June 16: BTC May Move Down More
Bitcoin Price Prediction – June 16The gravity of falling forces that have dominated the BTC/USD market has not appeared running into give a damn as the crypto economy tends to…