Monat: März 2023
Hedera Network Hits 6 Billion Transactions as HBAR Struggles
• Hedera reached a milestone of 6 billion transactions on its mainnet recently. • The network faced an issue that impacted mirrornode operators but was eventually resolved. • HBAR, the native token of Hedera, was showing bearish indicators and was trading 4% lower than last week. Hedera Reaches a Milestone in Network Growth Hedera [HBAR]…
Read MoreBTC Sets New High of $27K; Bulls Remain Adamant
• Bitcoin [BTC] recently made a new high, retesting the $26K price level twice within a week. • Investors sought out BTC as an alternative following the U.S. bank run and declining faith in traditional banking system. • BTC’s value was hovering around its June 2022 level, with sentiment being positive despite increased sell pressure.…
Read More30% Tax on Crypto Mining Companies, White House Seeks to Close Tax Loopholes
• President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use. • His Fiscal Year 2024 budget included a proposal to implement wash sale rules for crypto assets in order to close tax loopholes. • The United States expects to impose the…
Read MoreETH Sellers Have Edge as Bears Take Hold: Ideal Selling Opportunity Appears
• Ethereum [ETH] validators were doing well in terms of generating revenue from staking. • Real staking returns improved to 6% in Q4 of 2022. • A bearish order block around $1700 could offer an ideal selling opportunity. Ethereum Validators Generate Revenue from Staking A recent report highlighted that Ethereum [ETH] validators were doing well…
Read More