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Altcoin Season? Not Even Altcoin’s Month Right Now
Bitcoin’s price drop generally causes both concern and celebration, but the last few instances have only been the former. The dependence of the altcoins on Bitcoin has left them impaired, resulting in a failed Altcoin Season. Where Does Bitcoin Stand? Bitcoin’s price has declined sharply by 4% over the past 24 hours, dropping to $54,300. The dip below $55,000 raises concerns among investors, as this level represents the last significant support before a potential fall to $50,900. This $50,900 target corresponds with the double top pattern observed in March and July, indicating a possible additional 8% decline. Bitcoin Price Analysis....
HMRC Can’t Value Seized NFTs Seized in 2022
By Mark Hunter 5 days agoFri Nov 29 2024 08:17:29 Reading Time: 2 minutes The UK’s tax authority, HM Revenue and Customs, is still trying to figure out how to value three NFTs sized in a 2022 investigation Two years on, the agency has yet to determine how to accurately value the assets The agency remains tight-lipped about the NFTs’ current status, citing security and compliance concerns The UK’s tax authority, HM Revenue and Customs (HMRC), is still trying to work out how to value three NFTs sized in a 2022 investigation. HMRC seized the NFTs as part of a...
Coinbase Faces Intense Backlash Over Account Restrictions Claims
Coinbase Support has come under severe scrutiny as users on X reported restricted access to their accounts. The backlash came after Coinbase claimed that a ‘minor increase’ in restricted accounts was due to prolonged inactivity and FUD (fear, uncertainty, and doubt) concerns. However, hundreds of users have commented on the post, detailing how their accounts have been frozen for months and even years. Users on X also left a community note, saying Coinbase’s statement is false. Coinbase Support Faces Major Scrutiny from Users On Monday, December 9, Coinbase support acknowledged a significant rise in account activity, including new and reactivated...
