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U.S. Government To Tax Crypto Transactions To Fund $1 Trillion Infrastructure Package
Lawmakers in the U.S. and President Joe Biden have finalized the details for a $1 Trillion bipartisan package for infrastructure. The plan also contains measures to improve tax compliance and comes with measures that are specifically directed at improving tax compliance around cryptocurrencies and crypto-assets. Read More
Binance Makes The Decision To Ban Crypto Derivatives Trading In Europe
As Binance continues to be the main target of global regulators around the world, the crypto exchange has made a series of decisions in order to comply with regulation, the latest of which has seen Binance make the decision to ban crypto derivatives trading in Europe. Read More
Bitcoin sellers in 'disbelief' or BTC price wouldn't still be at $41K — Analyst
A small number of old hands choose to cover all their bases as BTC/USD clinches a July close above $41,000.
Bitcoin (BTC) closed July above $41,000 in a "bullish engulfing" candle that dramatically upends its previous downtrend.
In a tweet on Aug. 1, investor and entrepreneur Alistair Milne joined many celebrating a classic return to form for BTC price action. Read More
DHedge scales up on Polygon, integrates with SushiSwap
Decentralized asset management protocol, dHEDGE, has launched its V2 deployment on Polygon. The new platform also boasts integration with a popular decentralized exchange, SushiSwap.
Speaking exclusively to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework — which enables v2 users to access whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO). Read More
NFTs are a game-changer for independent artists and musicians
The high value and unique rewards system that nonfungible tokens offer is a revolutionary and highly appealing opportunity for musicians.
The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark Cuban and Gary Vee, still strongly advocate NFT use and the role smart contracts will play in the near future, while each week new NFT exchanges and drops continue to roll out. Read More
High-performance protocol to bring cross-chain privacy to digital assets
This layer-two protocol says it is bringing cross-chain privacy to digital assets by enabling account balances and transaction amounts to be encrypted.
The Zecrey protocol enables account balances and transaction amounts to be encrypted — delivering anonymity and hiding relationships between senders and recipients. It also means that only an owner knows how much crypto is in their wallet. Read More
Ethereum London Hard Fork to Make Some Tokens Worthless
Remember gas tokens? You won't need them anymore.
The next Ethereum upgrade will happen during the first week of August.
It includes EIP-3529, a code update that does away with gas refunds.
That makes gas tokens functionless. Read More
The First In The Social Media Marketing Niche
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy. Read More
Is Bitcoin Mining Finally Getting Greener?
Calls for Bitcoin mining to get more environmentally friendly have grown louder. There are signs of progress—which is what Elon Musk is looking to hear.
As the price of Bitcoin surged over the past year, so did the noise around the environmental impact of Bitcoin mining, an energy-intensive process in which large computers race to solve math problems and win the right to upload bundles of transaction data to the network.
Bitcoin mining uses a method called Proof of Work (PoW), and it’s been no stranger to criticism from regulators and environmentalists. Their main contention is over the increasingly large amount of energy (computational power) PoW demands. That energy use has risen along with Bitcoin’s price since more lucrative miner incentives lead to more mining activity, which means more machines using more electricity. Read More
Bitcoin Difficulty Increases 6% — It's Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago
As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May. Read More
Ripple Resolution With SEC Not Coming Anytime Soon, Says Legal Expert – Here’s Why
Legal expert James K. Filan says XRP investors shouldn’t expect a settlement in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) anytime soon.
In a tweetstorm, the defense lawyer and former federal prosecutor says it looks like the government is showing no sign of giving up. Read More
Paid to Play in the Metaverse – the Crypto-Based Future of Gaming
What exactly can you do in the Metaverse? You can buy land, form a community, start a business, buy and sell art, and even raise money for real-world charities.
The real estate market is booming in the Metaverse, with plots of virtual land regularly selling for hundreds of thousands of dollars. Houses, cities, towns, and communities are being founded on that land and an entirely new world is being built as we speak. Within that world, people obtain gainful employment. For instance, one industrious player started a tour company within a game, taking people around to show them the sights. This virtual entrepreneur charges for this service and makes real money. Read More
Cardano Launching Connector That Bridges ADA Wallet to Decentralized Applications
EMURGO, a founding entity of Cardano (ADA), announces that it is launching a new platform that will bridge the interaction between ADA users and decentralized applications (dApps) on the blockchain network.
In a statement, EMURGO says that it will soon roll out the Yoroi dApp connector that will allow ADA holders to access decentralized applications on the Cardano blockchain from their web browsers by using a plugin. Read More
Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months
Tether CTO denies non-issuance claims about USDT.
Ardoino stated that 100 million USDT was issued recently.
Tether has minted new tokens consistently over the past 12 months. Read More
DeFi Exploits in 2021: A Compilation of DeFi Crimes
DeFi Exploits in 2021 have already crossed the figures recorded in 2020. With the amount of money locked on DeFi protocols is increasing by many folds, criminals are also attacking them to get away with the bunch of money.
While fewer DeFi attacks have occurred in 2021, they are more devastating than the hacks that happened in 2020. According to a CipherTrace report, by the end of April 2021, criminals were able to net $156 million in the first five months of 2021. This amount has surpassed the $129 million stolen in DeFi-related hacks throughout all of 2020. Read More
How Blockchain is Disrupting the Ride-Hailing Industry
An industry that is now seemingly experiencing the disruptive nature of blockchain technology is the ride-hailing industry. It is a known fact that ride-sharing and ride-hailing applications have taken over traditional taxi services all over the world. In 2020, the global ride-hailing market was at $42.25 billion and it is expected to grow from that figure to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. According to Businesswire, by 2025, the market is expected to reach $108.15 billion at a CAGR of 17%. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
