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As one of the most widely known and used privacy coins in the crypto space, monero (XMR) hardly needs an introduction. Amidst a rising tide of privacy concerns and quests for data sanctity, XMR is cementing its position as a coin of choice for those yearning for anonymity in their financial escapades. Yet buying monero can be confusing for many — especially if you are a crypto newcomer. This detailed guide demystifies the process, exploring everything you need to know about the famed privacy coin, including how it works and how you can buy monero securely. Our methodology for choosing…
Digital asset management firm CoinShares says Ethereum (ETH) rival Solana (SOL) is a favorite among institutional investors as the crypto market boils over with Bitcoin (BTC) exchange-traded fund (ETF) frenzy. said. CoinShares revealed in its latest Digital Asset Fund Flow Report that institutional investors poured more money into Solana than any other non-BTC digital asset in the past week and over the past year. “Last week, Solana received an additional $15.5 million in inflows, bringing year-to-date inflows to $74 million (47% of assets under management). [assets under management]) — has been the most popular altcoin of the year so far.…
Virtual currency mining equipment (Shutterstock) When Arkansas Business last forayed into the state's growing digital asset mining operations in July, cities and counties fought back, criticizing the noise, the vast desire for power and often shadowy foreign capital. Faulkner, Clark and Van Buren counties are racing to establish zoning restrictions before state law 851 goes into effect on August 1, making it illegal for counties and local governments to “discriminate” against virtual currency mines. was. These are clusters of connected shipping containers or warehouses filled with thousands of computer servers. Computers, often cooled by loud fans, solve complex mathematical puzzles…
New data from market intelligence firm Santiment suggests that four major trends are currently driving the crypto market. The cryptocurrency analysis platform said in a new blog post that optimism centered on Bitcoin (BTC) and XRP drove the industry in October, while developments on Reddit and the Federal Reserve caused concern. Ta. The U.S. Securities and Exchange Commission (SEC) has dropped charges against Ripple executives Brad Garlinghouse and Chris Larsen as the crypto king reaches $30,000 twice in one week, Santiment said. This has brought new bullish sentiment to the market. ” [BTC’s] The $30,000 range is typically celebratory, so…
The world of cryptocurrencies has emerged as a revolutionary force, challenging the traditional financial ecosystem and attracting significant attention from investors, institutions and policymakers. Cryptocurrencies are a hotbed of innovation and volatility, with prices that can skyrocket and plummet in a matter of hours. But the question remains: how do these digital assets correlate to the broader macroeconomic factors that influence global financial markets?The intersection of cryptocurrency and macroeconomicsCryptocurrencies, including the best-known Bitcoin, are a kind of “digital gold” and a hedge against traditional financial instruments. This view has led to a widespread perception that the cryptocurrency market may be…
Over the past three weeks, the criminal trial of disgraced crypto tycoon Sam Bankman Freed has brought together powerful legal minds. Manhattan's top federal prosecutor, Damien Williams, sits on the 26th floor with partners at a prestigious law firm and a former representative of Robert Mueller III, the special counsel in the investigation of President Donald J. Trump. I sat in court for hours. .Then a man named Tako appears.Taco, 39, a prolific YouTuber with a channel dedicated to cryptocurrencies, is among the lawyers and reporters who line up before sunrise every morning to secure a seat at Bankman Fried's…
In the ever-evolving landscape of the crypto market, 2023 proves to be a year of formidable challenges. The crypto world is at a crossroads as central banks respond to inflationary pressures with rapid interest rate hikes and geopolitical tensions cast a cloud of uncertainty.This article delves into the key factors influencing the trajectory of the crypto market: tight monetary policy, the resurgence of the US dollar, and lingering inflation fears. We also explore the evolving role of cryptocurrencies, and Bitcoin in particular, in terms of global finance and stability.Johnny Louey is a research analyst at LTP.This article is part of…
The crypto industry has weathered its fair share of storms, but none like the one of developers leaving in the middle of a crypto winter. A recent report by Electric Capital revealed that the number of developers working on open source crypto projects has decreased significantly. There were 19,300 developers contributing to crypto projects as of October 1, 2023, a 27% decrease over the past 12 months, according to a report released Wednesday.Experts note that the decline in the number of developers is especially significant when compared to the bear market conditions of October 1, 2020, when the number of…
Important pointsTop choices for cryptocurrency accounting software often integrate with general business accounting software.Crypto accounting software can track cryptocurrency payments made to your business.Monthly and annual plans are available.You know how you have to track your regular money so you know what's there during tax season? The same goes for cryptocurrencies. Regulators are closely monitoring virtual currency trading. This means that individuals and large businesses will need to track their crypto transactions and pay taxes accordingly.Organizing and filing your tax information isn't usually considered fun. When it comes to cryptocurrencies, it's no small feat. Between constantly fluctuating prices, countless exchanges,…
Stay informed with free updatesJust sign up for cryptocurrency myFT Digest — delivered straight to your inbox.U.S. authorities are cracking down on the cryptocurrency market with new rules on opaque transactions, as pressure mounts in Washington to curb links between digital tokens and illicit funds following Hamas attacks on Israel.The Treasury Department announced late Thursday that it plans to increase the transparency of transactions through so-called virtual currency mixing services to combat what it called “serious money laundering and national security risks.” Mixers obscure the traces of cryptocurrency ownership and payments.The move comes as a bipartisan group of senators in…