IRS Updates Crypto-Related Instructions for 2022 Tax Filing
The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions…
Month: October 2022
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore…
New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency…
Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says
In an open letter, Altimeter Capital’s CEO and founder recommended the tech giant cut its…
Ethereum’s Merge won’t stop its price from sinking
Ethereum became deflationary after its September Merge. But for now, it’s not going to make…
Criminal use of crypto an ‘emerging threat’ — Australian police
Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s…
Global Bitcoin payments market projected to reach $3.7B by 2031: Research
Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks…
The Madeira Bitcoin adoption experiment takes flight
An update on the Bitcoin rollout on the Portuguese archipelago of Madeira, which according to…
Nokia Believes the Metaverse Will Replace Smartphones in the Future
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes…
Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit…
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market…
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins…
Volumes on crypto investment products drop to 2-year low: CoinShares
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what CoinShares…
Reddit NFT trading volume hits all-time high as wallet holders near 3 million
Meanwhile, the minting volume of nonfungible tokens have been declining steadily. According to data provided…
What are governance tokens, and how do they work?
Governance tokens allow users the opportunity to take on a more active role in managing…