A decentralized video game and entertainment network dubbed “the king of NFTs” has now surpassed more than three million accounts. Worldwide asset eXchange (known as WAX for short) offers an easy-to-use cloud wallet and a convenient way of creating, buying, selling and trading nonfungible tokens. Congestion on the Ethereum blockchain has prompted a number of developers to start seeking alternatives — and figures from DApp Radar suggest that, toward the end of March, WAX had more active wallets than Tron, EOS, Ethereum and Flow. Alien Worlds, a space exploration game built on WAX, has also cemented its place at the …

Traders valued Internet Computer (ICP) at $630 in its debut on Coinbase on Monday. On Binance, however, the dollar bids for the token surged to as high as $3,093 as of Tuesday. Meanwhile, HitBTC reported ICP at a peak of roughly $407. The huge price differences across multiple cryptocurrency exchanges showed a berserk trading sentiment in the Internet Computer market, landing ICP in the list of top 10 cryptocurrencies by market capitalization, surpassing even veterans such as XRP, Dogecoin (DOGE) and Cardano (ADA), and reaching as high as the fourth spot. Major price corrections followed on profit-taking sentiment. Entering the …

Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reported on Tuesday. “It is important to know that if there is a profit or capital gain generated from a transaction, the profit is an object of income tax,” the official stated. Noor said that Indonesian taxpayers who receive capital gain from crypto trades would have to pay the tax and report it to the government. The official noted that the new crypto tax scheme for capital gains has not been implemented …

The Korea Federation of Banks has raised alarm over the increase in altcoin trading volumes across crypto exchanges in the country. According to a report by The Korea Herald on Monday, the banking association has asked member banks to conduct an audit on the altcoins being offered by their crypto exchange clients. The KFB is reportedly concerned about the potential risks of banks providing account services to exchanges overexposed to altcoins. An official of the banking association quoted by The Korea Herald explained: “One of the criteria that we recommend is the safety of digital assets and that can be …

What can you say about Dogecoin that hasn’t been said before? How about this: Elon Musk’s tweets aren’t the only thing that let the DOGE out. This week, right in the middle of the retail trading frenzy that has turned everyone’s favorite cartoon puppy into a rabid bull-doge, Cointelegraph Markets Pro subscribers had the opportunity to chow down on a NewsQuake™ from Bitfinex, which can be seen as further exciting a rally all the way from $0.48 to $0.68. Dogecoin (DOGE) Analysis In the chart below you can see where the news was delivered to Markets Pro members via Discord …

The price of EOS is in the double digits for the first time since mid-2018 after a parabolic advance that began back in March. According to data from CoinGecko, the 20th-ranked cryptocurrency by market capitalization is currently sitting above $11.50, delivering close to 100% gains over the last three days. First, the current EOS upward advance is occurring at the intersection of two unique price trends. On the one hand, the EOS/USDT trading pair is at the top of the range for 2021, while the token price against Bitcoin (BTC) fell to its lowest level in three years back in …

There exists a meme in the crypto world that goes something like this: “Whenever I buy, the market dumps, and whenever I sell, the market pumps.” Like a cliche, the widespread status of a meme is a sign that it contains an element of truth, as anyone who has spent five minutes on a trading site will have learned with great pain. Those who hold onto a dying coin for too long are considered delusional, while those who sell too soon are derided as having “paper hands.” In between are the estimated 1%–3% of day traders who actually make a …

The era of American banks regarding cryptocurrencies as evil might be coming to an end. According to a report by CNBC on Wednesday, New Digital Investment Group has inked a partnership with fintech staple Fidelity National Information Services, better known as FIS, to provide a framework for United States banks to offer crypto trading services to their customers. Patrick Sells, bank solutions chief at NYDIG, told CNBC that several banks have already signed up for the program, with the majority being smaller financial institutions. However, Sells also added that the company is in talks with major U.S. banks to participate …

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator CoinGecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76. The first likely reason for this current price action advance is that it is a continuation of ETC’s positive performance since the end of Q1 2021. As previously reported by Cointelegraph, major forks such as Ethereum Classic and Bitcoin Cash (BCH) had been seeing significant …

S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indexes amid a renewed surge on crypto markets. The company announced on Monday that it had launched three crypto indexes tied to the performance of the two largest cryptocurrencies: Bitcoin (BTC) and Ether (ETH). The newly introduced indexes include Bitcoin-based S&P Bitcoin Index (SPBTC), Ether-based S&P Ethereum Index (SPETH), and S&P Cryptocurrency MegaCap Index (SPCMC), which is designed to track the performance of BTC and ETH weighted by market capitalization. All three indexes are immediately available on the S&P’s website. The company …

Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily trade cryptocurrencies and earn high yields on their hodl stacks. Eventually, high fees on the Ethereum (ETH) network and a few sharp market sell-offs helped contribute to a pullback in token prices and DeFi transactions beginning in late February, but that trend appears to have reversed over the past week as activity on decentralized exchanges is once again on the rise. As seen in the chart above, decentralized exchange (DEX) …

Retail trading app Robinhood has appointed Christine Brown as the chief operating officer of its crypto division. The company announced the appointment in a statement on its website on Thursday. Brown, who is the current vice president of operations at Robinhood Markets, will now also oversee Robinhood Crypto following the appointment. Commenting on her new role, Brown expressed excitement at pivoting from traditional finance to the crypto space. “I couldn’t be more excited to lead our crypto operations, help our teams build amazing products, and deliver a great experience for our customers,” the executive added. According to the announcement, Brown’s …