The issue of tax evasion is increasingly being debated. It's one of the key issues in the regulation of crypto within the EU. Stakeholders want to speed up the process of adoption.
So far, it has been a year of strong performance for the leading cryptocurrency, with prices generally on the rise. And for many analysts and Bitcoin enthusiasts, this trend is expected to continue. However, others are a bit more cautious due to the economic context and its impact on the crypto market.
Starting May 12th, collectors and fans will have one week to sign up on a whitelist accessible on Immortal Game. The sale will then start on May 19th for whitelisted users.
An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in Pepe, despite its controversial reputation, and believe that Chainlink could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on them!
On May 12th, PitchBook, a capital market analysis company, published a concerning report regarding venture capital investments in the crypto sector. The document suggests that venture capital firms are less inclined to invest in the emerging industry. It turns out that the number of venture capital deals with crypto companies has decreased globally. Let's delve into the findings of PitchBook's report.
Snek (SNEK) is a memecoin that was recently launched on the Cardano blockchain. Typically, Charles Hoskinson posts about the latest developments in the Cardano ecosystem. However, lately, the founder of Cardano tweeted about the new memecoin. The community didn't miss the sudden interest of the founder in SNEK, especially at a time when memecoins are all the rage.
It's no longer a secret that Bitcoin has outperformed expectations in recent months. The numbers clearly show a surge in its value. Meanwhile, despite gloomy economic and financial circumstances, Bitcoin has not experienced a significant drop. According to some experts, there might be a reason for this.
European authorities are actively working on establishing a framework suitable for regulating cryptocurrencies. Currently, they are particularly concerned about how to prevent tax evasion related to the crypto sector. Additionally, the UK's tax administration (His Majesty's Revenue and Customs, HMRC) has recently released a consultation document on the subject. In parallel, France aims to strengthen its measures to combat tax evasion.
A popular crypto strategist has predicted a significant drop in altcoins, while also updating their outlook on Pepecoin (PEPE) and Avalanche (AVAX), a rival of the Ethereum (ETH) network. The analyst, known by the pseudonym Sherpa, informed their 195 Twitter followers that altcoins could plummet by up to 50%.
The crypto analyst, known by the pseudonym Kaleo, has 586,700 Twitter followers. In a recent tweet, he claimed that Ethereum could rise to $2,400. However, he specifies that the price will first drop to $1,600 before bouncing back. If the prediction comes true, the price of Ethereum will reach the level it last reached in May 2022 before the collapse of the Terra (LUNA) ecosystem.