Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and NFT transfers on exchanges and by individuals. Kenya is one of the countries with the fastest growing adoption of cryptocurrencies in the world. Kenya is seeking a 3% tax on […]
The post Kenya eyes 3% tax on cryptocurrency transfers appeared first on CoinJournal.
Key takeaways FLOKI is the best performer amongst the top 100 cryptocurrencies by market cap today. The token has added more than 50% to its value today and could rally higher in the near term. Binance is set to list Floki Inu in its Innovation Zone while the token is now live on Bitfinex Floki […]
The post Here is why Floki Inu’s price surged by over 50% today appeared first on CoinJournal.
Coinbase reports market-beating results for its fiscal Q1. Analysts are still keeping bearish on the Coinbase stock. Coinbase shares are now up roughly 70% year-to-date. Coinbase Global Inc are up nearly 15% on Friday after reporting its financial results for the first quarter that handily topped Street estimates. Coinbase stock up on narrowed loss Lost […]
The post Coinbase stock jumps 15% on strong Q1 results: sell into the strength? appeared first on CoinJournal.
Key Takeaways Crypto prices have rebounded strongly this year, but the space remains barren compared to the pandemic hysteria Institutional money has fled at an alarming pace, and there is no guarantee it will return Scandals of 2022 were on such a large scale that capital is reluctant to return Mention “2022” to anyone remotely […]
The post Has institutional money left crypto? appeared first on CoinJournal.
The Sandbox price failed to recover from a year-long slump during the bullish price action of early 2023. 3D games in the metaverse have been a source of great excitement among blockchain investors, but a new kind of play-to-earn (P2E) platform may be the next big thing in the GameFi sector. Metacade’s hugely successful token […]
The post The Sandbox Stalls. Could Metacade’s MCADE Price Overtake The Sandbox’s SAND in 2023 and Beyond? appeared first on CoinJournal.
Block didn’t see an impairment loss on its bitcoin holdings in Q1. Analysts at KeyBanc continue to see upside in its shares to $85. Block stock is currently down about 5.0% versus the start of 2023. Block Inc says it did not see an impairment loss related to its bitcoin hoard in the first financial […]
The post Should you buy Block stock on a boost to bitcoin revenue in Q1? appeared first on CoinJournal.
Metacade price has jumped by 275% from its all-time low. The token will benefit from a Fed pivot as US banks collapse. Technicals are supportive of the cryptocurrency. Metacade (MCADE) price has done well since going public in April this year. In all, data compiled by Uniswap shows that the token has jumped by more than […]
The post 3 reasons to invest in Metacade after the 275% rally appeared first on CoinJournal.
Federal Reserve raised the funds rate by another 25bp Jerome Powell hinted at the end of the tightening cycle The US dollar did not move following the Fed’s decision The Federal Reserve of the United States (Fed) delivered its interest rate decision yesterday. It was, by far, one of the most important Fed meetings because […]
The post Fed’s decision had no impact on the crypto market – yet appeared first on CoinJournal.
Key Takeaways The balance of stablecoins on exchanges is at a 2-year low In the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billion Treasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoins BUSD shutting down and USD Coin getting caught up […]
The post $22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight appeared first on CoinJournal.
Key takeaways The Venom Network’s first testnet was successfully launched. The team revealed that 223,446 wallets created were created, and 69,000,000 transactions were completed. The Venom testnet is designed with ecosystem users and developers in mind. Venom Network launches its first public testnet Venom Foundation, a decentralised network aimed at accelerating Web3 development and which […]
The post Venom Network’s public testnet records 69 million transactions appeared first on CoinJournal.
AltSignals (ASI) token sale continues as crypto is poised to react higher. This follows hints by the US Federal Reserve of pausing interest rate hikes. ASI token could also benefit from expected explosion in interest around artificial intelligence (AI) projects. Artificial intelligence continues to make waves, with both consumers and businesses looking to tap into […]
The post AltSignals (ASI) outlook strengthens as Fed signals rate pause appeared first on CoinJournal.
AltSignals is a financial markets trading signals service provider and it is working on an AI-based algorithm. AltSignals is currently conducting the presale of its new AI-based native token ASI. The ASI presale is currently in the second phase. The hype around artificial intelligence (AI) technology has found its way into the crypto world and […]
The post AltSignals (ASI) price outlook as AI hype sends AI-based tokens through the roof appeared first on CoinJournal.
Key Takeaways Coinbase stock is down 87% from its IPO price, the company now worth $11 billion Regulators are moving in on the industry in the US, creating an increasingly hostile environment Share price reflects these developments, as well as plummeting volume in the crypto space, writes our Head of Research, Dan Ashmore Coinbase is […]
The post Report: Coinbase share price continues to fall, as regulators and crypto volumes worsen appeared first on CoinJournal.
Stacks price has declined 4% in the past 24 hours and is -15% this past 30 days. STX currently trades near $0.78, and has a key supply zone near the psychological $1.00 level. The price of STX rose sharply in February and March as the Ordinals hype hit the market. The price of Stacks (STX) […]
The post Will Stacks price go back up? Here’s the short-term outlook for STX appeared first on CoinJournal.
AltSignals presale is now 63% complete as investors camp on new tokens $ASI, the native token, will power ActualizeAI, an AI-based signal service $ASI could rise by 1,000% after listing on exchanges as more investors access the token AltSignals upcoming token $ASI, currently in the first phase of the presale, is 63.85% sold out. The […]
The post AltSignals is 63% sold out as the hunt for new tokens takes SUI tokens to new heights appeared first on CoinJournal.
My Neighbor Alice CEO, Lenny Pettersson, spoke at the three-day NFTNYC conference, which happened between April 12th and 14th, alongside other NFT projects and creators—sharing his insights with calmer than usual audiences to highlight the shifts in NFT for games, metaverse, as well as the importance to protect NFTs from falling in price. Speaking on […]
The post NFTNYC 2023 Recap: Safeguarding NFTs –
Insights from CEO of My Neighbor Alice Lenny Pettersson appeared first on CoinJournal.
Bitcoin finds resistance at $30k The neckline of a head and shoulders pattern provides support The realized HODL ratio suggests investors may buy the dip The main event of the trading day is the Federal Reserve meeting. Most market participants expect the Fed to hike the interest rate by another 25bp, but the key would […]
The post Bitcoin price forecast ahead of the Federal Reserve meeting appeared first on CoinJournal.
Key Takeaways First Republic has become the latest bank to collapse in the US Bitcoin has bounced this week, as it did in March when SVB fell and the banking crisis was triggered Our Head of Research, Dan Ashmore, contends that Bitcoin remains a risk asset, despite claims from enthusiasts that a decoupling is occuring […]
The post Bitcoin still trading like a risk asset, despite claims of decoupling amid banking crisis appeared first on CoinJournal.
Bitcoin Cash price has remained in a consolidation phase in the past few weeks. It remains significantly below the year-to-date high of $153. The Fed is expected to hike interest rates by 0.25% and point to a strategic pause. Bitcoin Cash price has moved sideways in May as the recent bullish momentum faded. The BCH […]
The post Bitcoin Cash price remains calm ahead of the Fed decision appeared first on CoinJournal.
MicroStrategy Inc narrowed its bitcoin-related loss in the first quarter. Its executive chairman Michael Saylor remains bullish as ever on bitcoin. Bitcoin is currently up roughly 70% versus the start of the year 2023. Bitcoin has lost about 7.0% in recent weeks but Michael Saylor – the Executive Chairman of MicroStrategy Inc remains convinced as […]
The post Michael Saylor on bitcoin: ‘hold on to it and stomach the volatility’ appeared first on CoinJournal.
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