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US IRS Releases New Reporting Guidelines for Digital Assets
20.10.2022
The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well.
The IRS’ draft 2022 tax year guide has placed cryptocurrencies, stablecoins, and NFTs into the same category...
Tesla Still Holding $218M in Bitcoin — Elon Musk Expects Company to Be Worth More Than Apple and Saudi Aramco Combined
20.10.2022
Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combined. The executive is also “excited” about acquiring Twitter. Tesla Still Holds...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 as Volatility in Crypto Markets Intensifies
20.10.2022
Bitcoin snapped a two-day losing streak on Thursday, as prices of the cryptocurrency rebounded at a key point of support. The current price uncertainty in markets comes as global inflation continues to hover close to historical highs. Ethereum was also back in the green in today’s session....
Crypto.com supports Flare (FLR) Airdrop for XRP Holders
20.10.2022
Crypto.com, the fastest-growing online trading platform, announced on Nov. 2020 that they would support the distribution of Flare (FLR) tokens. After that, the Flare Network community released the token distribution program schedule. As per the updates received from Flare Networks, it will...
Japan plans to loosen crypto rules & token listings
20.10.2022
What Japan is doing could soon be followed by other countries that have resented cryptocurrency till now. To revitalize the crypto sector, Japan has announced to further loosen the listing of cryptocurrencies by enabling crypto exchange platforms to conclude the listing process within 30 days....
Coinbase supports Bitcoin in its legal battle against the SEC
20.10.2022
Grayscale and the Securities & Exchange Commission (SEC) are now in a legal battle after the latter refused to approve the application for the Bitcoin ETF. According to claims by Grayscale, the lawsuit came to light after the SEC failed to apply consistent treatment to similar investment...
Real Vision Bot to outperform Crypto market
20.10.2022
Real Vision Bot, a trading bot known to outperform digital asset markets, has highlighted a new portfolio selection. Despite Bitcoin retaining its top position as a brand, Ethereum has the maximum share percentage in its favor. According to the data shared by Real Vision Bot, nearly 56% of traders...
Latest updates about BudBlockz (BLUNT), Stellar & Polkadot
20.10.2022
The cryptocurrency market has reached some of its lowest points so far, often referred to as the crypto winter. However, one benefit of the crypto winter is that investors may buy cryptocurrencies with the potential for explosive returns at a discount. Below, you’ll find the latest updates about...
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business
20.10.2022
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain...
Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership
20.10.2022
N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets
Kraken crypto exchange is next to close doors to Russian users
20.10.2022
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange
MIRL will be listed on the cryptocurrency trading platform MEXC
20.10.2022
MIRL will be listed on the cryptocurrency trading platform MEXC, and its native token, MIRL, can be traded on this platform. Public information shows that MEXC is the world’s top 10 cryptocurrency trading platform. Its core products include spot, leveraged ETF, perpetual contracts, NFT Index...
Retail Giant Walmart Outlines Crypto Strategy — Executive Foresees a Lot of Disruption in Payment Options
20.10.2022
Walmart’s global chief technology officer has revealed crypto’s role in the retail giant’s future. “Crypto will become an important part of how customers transact,” the executive said. “We want to make sure that we make it as friction free for customers to...
Binance delegates 13.2M UNI tokens, becoming Uniswap DAO's second largest vote-holder
19.10.2022
This move will allow Binance to propose governance votes, but is not enough to meet the quorum 4% requirement
ShapeShift moves closer to full decentralization with open-source mobile app
19.10.2022
The organization transitioned to a DAO in July 2021 as part of a broader pledge to decentralize its operations
Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
19.10.2022
Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today’s move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week...
Japanese regulators loosen crypto laws and make it easier to list coins
19.10.2022
The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process
Azuki launches Physical Backed Token(PBT)
19.10.2022
Azuki has introduced the Physical Backed Token (PBT) to the community, enabling the members to tie physical items to digital tokens. PBT is an open-source token standard with its first implementation already in place. It uses a BEAN chip to create a unique experience called scan-to-own through...
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
19.10.2022
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto...
Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’
18.10.2022
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject...