IRS clarifies reporting requirements for crypto bought with fiat

The United States Internal Revenue Service, or IRS, has updated its FAQ section on cryptocurrency to clarify investors who have only purchased crypto assets with fiat currency do not need to report their transactions under the “virtual currency” question. The first page of U.S. citizens’ Individual Income Tax Return form, or Form 1040, asks whether […]

Theta, Aavegotchi (GHST) hit new highs as Bitcoin price chases after $50K

Bitcoin (BTC) bulls appear to have found their momentum as BTC price reclaimed the $49,000 level within the last hour. On March 2 the price dropped as low as $47,000 but currently, BTC is trading above the 20-day moving average. Bulls are likely to make another attempt at flipping the $50,000 resistance to support and […]

Vitalik proposes solution to link certain layer-two scaling projects

In an ongoing effort to battle escalating transaction fees while creating a unified ecosystem, Ethereum co-founder Vitalik Buterin has proposed a solution for a particular type of cross-rollup scaling. The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability. Rollups are layer-two solutions that are essentially smart […]

Free fantasy soccer crypto game launched by Ubisoft and Belgium’s Jupiler Pro League

France-based game publisher Ubisoft just launched One Shot League, a new free-to-play fantasy soccer game powered by crypto assets. One Shot League was developed by the Ubisoft Strategic Innovation Lab in collaboration with Sorare, an Ethereum-based fantasy soccer game built around collectable cards in the form of NFTs. Discover an all-new fantasy football experience with […]

Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage

One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years. The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to increase its hashing capacity by another 5 EH (exahashes) according to reports. Bitfarms was […]

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged that payments giant PayPal has acquired the unrelated Israel-based crypto custody firm, Curv. News of PayPal’s Curv acquisition was reported on March 2, with the publications citing anonymous sources “familiar with the matter.” Israel-based media […]

Rarest Pepe — ‘most important NFT in art history’ — sells for 205 ETH

The rarest Pepe of them all, “Homer Pepe”, has sold for 205 ETH ($320,000) according to owner Peter Kell. The one-of-a-kind card displays a morph between Simpsons character Homer and the infamous Pepe The Frog. Peter Kell’s Instagram post. Source: Instagram Pepe is a cartoon frog created by artist Matt Furie and has inspired countless […]

Top 3 NFT brands' sales grew 381% in February

NFTs had their best month ever in February, according to a report by DApp statistics trackers at DappRadar. Sales volume from the top three platforms grew to $342 million in February, up almost 400% from the $71 million recorded the month before. Sports memorabilia platform NBA Top Shot dominated the sector and is now responsible […]

Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Nonfungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin (LTC) creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017.  The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard, but as Bitcoin’s (BTC) price recovered […]

Ethereum now available on Amazon Managed Blockchain

Technology giant Amazon just announced the general availability of Ethereum on its managed blockchain. According to Amazon Web Services, or AWS, users now have the ability to “provision Ethereum nodes” and connect to the blockchain’s mainnet in addition to the Ropsten and Rinkeby testnets through the Amazon Managed Blockchain. The program claims to offer secure […]

Why Bitcoin’s energy consumption is necessary

In recent months Bitcoin is increasingly being criticized for the huge amount of energy the protocol needs to operate and mine the cryptocurrency.Gianmarco GuazzoMar 2 · 5 min readPhoto by Federico Beccari on Unsplash According to Cambridge researchers, the Bitcoin protocol consumes roughly 120 thousand Terawatt hours per year, as much as Argentina or the […]

You can now buy a used Hyundai with Bitcoin, not just a Lambo

HGreg, a Quebec-based vehicle superstore with 30 North American locations, will begin accepting cryptocurrency payments for new or pre-owned vehicles this month.  The auto dealer, which has locations in Quebec and Florida, is becoming one of the first large automotive groups to accept digital asset payments in its day-to-day operations. The company claims to have […]

NextGEN Blockchain Platforms Self-Organized to Win Government Contracts

Washington, D.C., Feb 26, 2021 – (ACN Newswire) – Over the past year, blockchain development communities have turned their attention towards winning government contracts. There is a huge opportunity presented by increased government spending on blockchain projects. According to Bloomberg Government BGOV200 Report, federal government spending reached $597 Billion in 2019. However, since new businesses […]

RubiX Announces Full-Scale NFT Launchpad

BaaS company providing full range of NFT solutions built on the highly-secured RubiX blockchain that’s several times stronger in encryption than Bitcoin and Ethereum LEWES, Del., March 01, 2021 (GLOBE NEWSWIRE) — RubiX, a full-scale Blockchain-as-a-Service (BaaS) and security solutions company, announces the launch of its Non-Fungible Tokens (NFT) application built on the highly-scalable RubiX blockchain backed […]

Sony Europe joins Theta blockchain validator program

Sony’s European subsidiary is the latest company to join the validator program of the Theta Network, a decentralized blockchain-based video protocol. Sony Europe’s research and development group, the Center Europe Brussels Laboratory, has joined Theta’s enterprise validator and governance council program, the company announced Tuesday. As part of the development, Sony will operate an enterprise […]

Evolves files for Ether ETF with Canadian regulators

Less than a month after becoming the second firm to secure approval from Canadian regulators to list a Bitcoin (BTC) exchange-traded fund, Evolve is looking to debut an Ether (ETH) ETF product in Canada. According to a Tuesday press release, the company has filed a preliminary prospectus with Canadian regulators for approval to begin trading […]

Litecoin creator draws parallels between 2021’s NFT and 2017’s ICO mania

Charlie Lee, the creator of major cryptocurrency Litecoin (LTC), believes that the ongoing spike in popularity of the nonfungible token, or NFT, industry has much in common with the 2017 initial coin offering, or ICO, mania. Lee provided at least five similarities between 2021’s NFT popularity and 2017’s ICO mania, also comparing both to the […]

Enterprise meets DeFi: Organizations work toward adopting blockchain tech

Decentralized finance is quickly maturing. While the total value locked in DeFi is over $45 billion, financial institutions and large corporations are starting to implement DeFi concepts to automate business processes. This is known as “enterprise DeFi.” For instance, invoices and other financial products can be tokenized to ensure that transactions are valid and should […]

No, Goldman Sachs isn’t a bearish indicator for Bitcoin

Peter Brandt, a popular veteran trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on Goldman Sachs potentially restarting its cryptocurrency desk. Us old-timers have learned that whenever @GoldmanSachs enters a market niche it is time to guard your money. $BTC pic.twitter.com/tHfRkS4igb — Peter Brandt (@PeterLBrandt) March 1, 2021 On Dec. […]

Turkish finance ministry to study cryptocurrency with local regulators

Turkey made itself a name as a crypto-friendly country with a “wait and see” approach to digital assets, but that could be about to change, as the government is now ready to take things in hand. The Turkish Ministry of Treasury and Finance went to Twitter to express concerns about cryptocurrencies and to announce collaborative […]

Thai SEC forced to clarify proposed crypto rules after public backlash

Thailand’s Securities and Exchange Commission has walked back previous plans to enact a 1 million baht (about $33,000) minimum annual income requirement for crypto investment in the country. According to a report by the Bangkok Post on Tuesday, the commission has clarified that the previous draft document was published to gauge investor sentiment. The Thai […]

Bitcoin's compound annual growth is 'an unheard-of' 200% CAGR

Bitcoin (BTC) has delivered returns that are “unheard of” in history and ultimately leave Tesla stock in the dust.  That’s according to fresh data from on-chain monitoring resource CaseBitcoin, which this week delved into Bitcoin’s astonishing compound annual growth rate (CAGR). BTC hodling: 10 years, 5,200,000% returns A familiar phrase among crypto and traditional investors […]

The Biggest Hurdle Facing Decentralized Finance (DeFi)

John Anthony RadostaMar 1 · 6 min read Last month, I provided a solution for Chainlink on how best to model implied volatility (IV) on-chain for both Bitcoin and Ethereum options using price feeds and oracles. Chainlink — Decentralized Pricing Feeds For Etherum Smart Contracts If you’re not super familiar with how Ethereum smart contracts […]

Binance (BNB) Forecast 2021

Can BNB benefit from the Binance Smart Chain (BSC)?Lukas WiesfleckerMar 2 · 12 min read In our Binance Forecast 2021, we take a look at BNB’s opportunities and risks. To do so, we look at the short-term outlook as well as the fundamentals. What is the potential, and can investors expect rising prices? The mood […]

CBOE files to list Van Eck's proposed Bitcoin ETF

Globally leading exchange holding company, Chicago Board Options Exchange, or CBOE, has filed to list the Bitcoin exchange-traded fund proposed by asset manager, Van Eck. CBOE filed a Form 19b-4 requesting permission to list the ETF from the U.S. Securities and Exchange Commission on Jan. 3. In the form, CBOE emphasizes the benefits an ETF […]

Coinbase custodies 11% of entire crypto capitalization

Crypto data aggregator Messari has reported that the quantity of crypto assets stored in custody on U.S. exchange giant Coinbase surged in the last quarter of 2020. Messari Crypto has revealed that as much as 11% of the entire crypto market capitalization was held with Coinbase custody at the end of last year. The Coinbase […]

Leverage traders 'flushed out' by late-February crypto crash: Glassnode

According to on-chain analytics provider, Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets. On March 1, Glassnode published a report analyzing the recent crypto crash — which was only the second significant crypto correction since the markets pushed into new record highs in late 2020. Glassnode noted the crash […]