Author: CryptoGlobeToday.com
SCORCH is developing a community-driven deflationary platform designed to manage the challenge of cryptocurrency oversupply and balance the economic theoretical scales of token supply and demand. SCORCH is the platform’s native decentralized cryptocurrency, set to launch on Shibarium Layer-2, and is designed to provide a structured approach to token supply reduction. Tokens such as SHIB have demonstrated diluted value from oversupply, and SCORCH draws direct inspiration from SHIB’s contentions to dent its trillions in token supply. The origins of the SCORCH platform tie directly to improving burn mechanics and deliberate participation-centered systems, opposed to automated token burns. Leveraging the speed…
TLDR: DAC8 requires EU crypto exchanges to report all transactions to tax authorities starting in 2026. User data includes full name, address, TIN, and date/place of birth for individuals. Reportable crypto transactions cover fiat trades, swaps, transfers, and intermediary-facilitated payments. Both domestic and cross-border activity will be automatically shared across EU member states. The European Union has finalized DAC8, a new rule requiring crypto exchanges and wallets to report user activity. The regulation targets both domestic and cross-border transactions, aiming to curb tax evasion. Reportable activities include trading, transfers, and payments using crypto-assets. DAC8 will come into effect in 2026,…
According to an analytics report, XRP traded near $2.06 on Friday as social chatter around the token turned sharply negative after a two-month slide of about 30%. Related Reading Traders and data firms flagged a sudden rise in bearish messages, a shift from the more mixed views seen earlier this year. The mood has tightened around crypto, and XRP is not immune. Crowd Mood Shifts To Fear Based on reports from Santiment, its chart tracks XRP’s price against positive and negative comments and a combined sentiment line that aims to measure crowd feeling. Recent readings pushed the balance into what…
TLDR The CFTC has approved spot crypto trading on regulated U.S. exchanges for the first time in history. This decision marks a significant step in advancing the U.S. vision to become the global leader in crypto markets. CFTC-registered futures exchanges will now allow spot crypto products to be traded under regulated conditions. Acting Chairman Caroline Pham emphasized the importance of offering Americans safe and regulated crypto markets. Bitnomial, a regulated exchange, will launch the first-ever leveraged retail spot crypto exchange under CFTC rules. The U.S. Commodity Futures Trading Commission (CFTC) has approved the first-ever spot crypto trading on regulated exchanges.…
TLDR: Coinbase powers over 80 percent of crypto ETF custody and trading in the current market Private companies staying private longer creates demand for blockchain-based capital formation Armstrong identifies Ethereum, Solana, and Base as networks positioned to host tokenized assets Coinbase manages half a trillion in assets it plans to use for tokenized product distribution Coinbase CEO Brian Armstrong delivered a bold forecast for the future of finance during a recent interview. He argued that the entire financial system will eventually operate on blockchain networks. Armstrong pointed to shifting market dynamics and regulatory burdens as catalysts for this transformation. His…
The market has been moving up and down, and you’re unsure what’s coming next. Then, suddenly, you see it: a single candlestick completely engulfs the previous one. That’s the engulfing candlestick pattern, and if you understand how to read it, you’re one step closer to making better trading decisions.Engulfing patterns are one of the simplest yet most powerful signals in technical analysis. They tell a story of market sentiment in just two candles. But here’s the catch—just spotting an engulfing pattern isn’t enough. You need to know when and where it matters. That’s exactly what we’ll break down today.What Is…