Cryptocurrency Analysis and News Portal
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would
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The value of PEPE, one of the most promising assets in the second quarter of 2023, has been faltering in recent weeks.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about project security emerged. Peckshield advisory reveals massive losses Investors and security professionals are reeling from an attack
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum co-founder, Vitalik Buterin, has lauded X’s new Community Notes feature, highlighting its alignment with core blockchain values despite its non-cryptocurrency origins. In December 2022, the social media giant formerly known as Twitter, now X, launched Community
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Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media. In an Aug. 16 post on his personal website, Buterin said that given X’s Community Notes were shown or not
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Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million. Although the news of the company’s financial instability
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As the deadline approaches for the decision to opt out of the existing $22 million settlement with Block.one (B1), the company responsible for the initial sale of EOS in a $4 billion initial coin offering (ICO)
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Moon and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an Aug. 7 announcement, Kraken announced the listing of Moon and Brick for spot trading and perpetual futures. At the time of publication,
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MOON is an ERC-20 token distributed as a reward for comments or posts in the r/CryptoCurrency subreddit. Users can store coins in Reddit's Ethereum-based wallet, called Vault. They can freely trade, tip, or spend those in the community for several purposes, including unlocking exclusive features like badges and GIFs in
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PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. The new stablecoin, PayPal USD, was launched on
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