Shiba Inu (SHIB) storms up crypto rankings suggesting meme coins aren’t done yetThe global crypto market cap is $2.3 trillion with a 24-hour volume of $122.28 billion. The price of Bitcoin is $54,149.91 and the BTC dominance is at 44.3%.
by Samuel Wan A strong performance from Shiba Inu this week sees it climb the CoinMarketCap rankings to 14th place, with a market cap of just under $13.3 billion. During the last week of September, Shiba Inu was ranked 47th with a market cap of $2.8 billion.
More news ⏬South Korea will not tax NFT gains even as it moves to tax crypto incomeIt is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs). Data analytics on the Fantom (FTM) blockchain just turned easierThe Fantom Foundation has announced that blockchain data analytics platform Nansen now supports the Fantom mainnet. Have investors finally come around to accepting Bitcoin (BTC) as a safe haven?Bitcoin is up 24% since the start of October, with six daily green closes out of seven. FTX charges customer $1 million for transferring to wrong addressA blog post from Rekt has revealed that FTX, a leading centralized exchange, has charged one of its users around $1 million for helping him to retrieve a deposit made into a wrong address. FTX charged 15% instead of 5% According to the post, the trader made a wrong deposit of $6.3 million into Paxos […] Salvadorans are buying more Bitcoin (BTC) than withdrawing from Chivo ATMsA new tweet from El Salvador’s President, Nayib Bukele has hinted that the mass adoption of the leading digital asset, Bitcoin, in the country is still growing en masse as more money is being used to purchase the coin. Moneygram partners with Stellar (XLM) after Ripple snub last yearOne of the world’s largest money transfer services, MoneyGram International, recently announced stepping into a partnership with Stellar Development Foundation, a non-profit organization that supports the development of the Stellar (XLM) blockchain. Fund managers increase Ethereum (ETH) holdings citing ‘most compelling’ growth outlookBitcoin might be the most popular crypto asset in the world but a recent survey by CoinShares has revealed that several fund managers see more potential in the second-largest crypto asset by market cap, Ethereum, than in its more illustrious counterpart. Bank of America report says crypto, DeFi are “only in the first inning”This week, Bank of America (BoA) published a favorable crypto report detailing its analysis of the sector. Crypto exchange Binance sets up three Irish entities after global regulatory tussleWith the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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sexta-feira, 8 de outubro de 2021
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Shiba Inu (SHIB) storms up crypto rankings suggesting meme coins aren’t done yet