For one day only, a solid gold cube weighing over 400 pounds was on display in New York’s Central Park. Why? It was a part of European artist Niclas Castello’s foray into cryptocurrency. Castello crea...
Category: Crypto
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Bitcoin (BTC) Setting Up for Unexpected Bullish Impulse, According to Top Crypto Analyst
A popular analyst is making the case for why Bitcoin (BTC) might be on the cusp of breakout after two months of disappointing price action. The pseudonymous trader Credible Crypto tells his 304,800 Tw...
Qubit Finance Lost $80 Million In A Crypto Heist
Hackers exploited Qubit Finance’s protocols, a Decentralized Finance project (DeFi), and stole $80 million worth of cryptocurrencies on Thursday, making it the most famous crypto heist of 2022 to date...
India’s 30% Crypto Tax: Good or Bad?
The Indian government officially brought in the cryptocurrency gains under the taxation regime on Tuesday. Though the government was expected to table a bill to regulate digital assets, the Finance Mi...
Major crypto exchanges prepared to operate in Russia
TL; DR Breakdown Crypto exchanges that dominate the market, like Binance and Bitfinex, have shown they are not concerned about forthcoming crypto laws in Russia. The Russian government’s crypto regula...
Meme coin pushed Crypto to Mainstream: Litecoin’s founder
Litecoin founder Charlie Lee recently praised Musk’s favourite Dogecoin for its contribution to the crypto market. He finds it great and quite fun, says the founder Dogecoin has recently witnessed a ...
Here’s Why Bitcoin (BTC) Is Bouncing, According to Crypto Analyst Michaël van de Poppe
Popular crypto analyst Michaël van de Poppe says Bitcoin (BTC) is bouncing between rallies and corrections in part due to the strength of the dollar. In a new YouTube update, Van de Poppe tells his 16...
Jump Crypto Fronts $325 Million In Stolen Crypto One Day After Solana’s Biggest Hack Ever
Topline Digital assets firm Jump Crypto said Thursday it replaced the $325 million worth of tokens allegedly stolen from its portfolio company Wormhole Portal, a platform that helps users transfer cry...
What the IRS Court Case Over Crypto Staking Taxes Really Means
In brief A couple sued the IRS after they were denied a refund request for taxes paid on Tezos staking rewards. After the lawsuit started, the IRS offered a refund. But the plaintiffs now want a more ...
Suzuki Jincheng Partners With Crypto Project, Bob Eco
Bob Eco, the next phase of financial market evolution, has partnered with the motor vehicle giant Suzuki Jincheng in a revolutionary attempt to swap all of Africa’s fueled motorcycles with electronic ...
Cannabis or Crypto? Where should I Invest in 2022?
Investing in 2022 is more accessible than ever, yet the dilemma about what to actually get is still not an easy one. This article focuses on two of the most rapidly growing industries worldwide, and s...
Coinbase Users Can Now Receive Tax Refunds in Crypto Through TurboTax
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
U.S. Crypto Investors Reject IRS Settlement
Key Takeaways A married couple in Tennessee have claimed that the U.S. government offered them a tax refund after improperly taxing their crypto staking rewards—but they are refusing it. In 2019, Josh...
Crypto taxes, the case of the IRS and the staking Tezos
The IRS has offered a refund to a US couple who paid taxes for Tezos that were never sold but were created and obtained through staking. This development between the US tax collection agency and the ...
MicroStrategy Buys the Bitcoin Dip, Increases Crypto Stash to a Massive 125,051 BTC
MicroStrategy CEO Michael Saylor says that the enterprise analytics firm is buying the dip and scooping up even more Bitcoin (BTC). According to Saylor, MicroStrategy just purchased an additional 600 ...
New York Seeks to Pause Its Crypto Mining Sector
New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists ou...
Best Crypto Wallet Apps in 2022
Having a mobile application is almost essential for any crypto service. This includes crypto wallets which need to be handy in order to make transactions with crypto more convenient and accessible. Us...
US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200
A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft of the Virtual Currency T...
YouHodler Brings Affiliate Marketing Benefits to Crypto
For decades now, affiliate marketing has been one of the most popular ways to earn a living. From marketing firms in the pre-internet age to influencers on YouTube, the appeal of affiliate marketing i...
Crypto Bridge Wormhole Replenished After Hack for $320M in Ethereum
Wormhole, a popular cross-chain crypto bridge between Solana, Ethereum, Avalanche, and others, has restored its missing funds after a hacker yesterday managed to siphon $320 million in Wrapped Ethereu...
No, IRS may not write off taxes on crypto staking rewards so easily, claim experts
Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencer...
Bitcoin Halving To Bring The Subsequent Crypto Frenzy
According to Thailand’s largest digital asset exchange, the world’s largest cryptocurrency, Bitcoin, will go through another significant run in 2024 when it goes through yet another halving. This mean...
NFT project blankets Texas capital city in pro-crypto billboards
The founder of a website guiding readers through the digital asset market started a campaign in Austin to increase awareness of Bitcoin and other cryptocurrencies. Speaking to Cointelegraph, marketca...
Russia’s Ministry of Finance Wants to Let Banks Sell Crypto: Report
Key Takeaways Russia’s Ministry of Finance has reportedly proposed new regulations to legalize cryptocurrencies as financial assets. The regulator has suggested that banks could be authorized to...
Grayscale Launches Future of Finance ETF, Tracking Crypto & Fintech Firms
The world’s largest crypto asset manager has launched a new exchange-traded fund that tracks the leading companies in the world of payments and finance. Grayscale Investments LLC launched its Future o...
Indian Government levies 30% tax on Crypto – Impact and What to Expect
Cryptocurrency has just become a popular notion in India. Since the Covid-19 outbreak hit the country, sending the economy into a downward spin, Indians have begun to rely on cryptocurrency investment...
How PriFi Can Help Crypto Get Back on Track
Cryptocurrency’s Original Mission It seems as though, in the hype of all things blockchain, crypto, and Web 3.0, ‘cryptocurrency’ has forgotten its original mission. A mission that was integral to the...
IRS May Not Tax Passive Income From Holding Crypto Right Away
rear view of businessman sitting on green grass landscape with laptop watching view with flying large group of money over sunny blue sky getty What Happened Taxation of staking rewards has been a cont...
Arizona Senator Submits Two More Crypto Bills – What Are They?
Senator Wendy Rogers is setting her sights to turn Arizona into the most crypto-friendly state in the United States, as she submits two more crypto bills on Tuesday. This isn’t the first crypto-relat...
Ethereum Down 6%, Crypto Red Wave Returns – Market Updates Bitcoin News
Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Follo...