Crypto staking rewards are taxable once received: IRS
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain...
Month: July 2023
Base’s largest DEX LeetSwap halts trading amid exploit concerns
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange...
Nifty News: Yuga Labs to buy metaverse studio, Etihad NFT staking to take off and more
Roar Studios will be acquired by Yuga Labs as the latter looks to onboard talent for its still-in-development Otherside metaverse....
‘Let’s just diversify and see’ — Binance CEO on its stablecoin strategy
Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is key. Binance CEO Changpeng “CZ”...
Is SBF secretly behind BALD? Crypto Twitter debates latest conspiracy
Crypto Twitter has been set ablaze with a new conspiracy that Sam Bankman-Fried is secretly pulling the strings of a...
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the...
We need to fundamentally change how smart contracts operate
Smart contracts should be viewed as “proof-of-concept” rather than as critical for universal adoption. That may mean exploring alternatives. Smart...
Coinbase denies SEC told it to delist everything but Bitcoin
Coinbase CEO Brian Armstrong reportedly said the SEC requested it delist all other cryptocurrencies, but a spokesperson said the comments...
Crypto market loses $486M in July, most since 2022: Report
According to the report, nearly half of the month’s losses were caused by the Multichain exploit, which resulted in $231...
Republican candidate wants to end President Biden’s supposed ‘war on Bitcoin’ if elected
“As president, on day one, CBDC goes into the trash can — we’re not going to allow it," said Ron...
Where’s the recession? These 3 economic indicators can alert investors to a market downturn
Analysts have called for a U.S. recession all year, but stocks continue to creep higher. Here are three metrics investors...
First major success in US Congress for two crypto bills: Law Decoded
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act....
Researchers develop blockchain verification service for cultural artifacts
A combination of human expertise, NFTs and blockchain technology could help humanity protect its priceless artifacts from theft and looting.
Bitcoin mining update: Stocks cool off, miners send BTC to exchanges to prep for halving
Bitcoin miners make moves in preparation for the BTC block reward halving, which is scheduled for April 2024. In July,...
German government watchdog launched Worldcoin probe in November 2022: Report
Authorities in the United Kingdom and France have also reportedly cited concerns over Worldcoin’s data collection methods, which involve collecting...
