IRS may not tax staking rewards until sold

A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund. The decisio...

Shiba Inu Now Has Its Own Fast-Food Chain

Alex Dovbnya Shiba Inu-branded fast food is now available in Italy In a new blog post, Shiba Inu developer Shytoshi Kusama has announced a partnership with an Italian fast-food restaurant called Welly...

What Will It Take For DeFi To Go Mainstream? Simplicity, Security And Utility

Complexity is the enemy of mass adoption—and if decentralized finance (DeFi) has been anything to date, it’s complex. It’s true that a niche of crypto pioneers are comfortable navigating the often cha...

Solana Set For Another Bearish Cycle! SOL Price To Dump More Than 20% – Coinpedia – Fintech & Cryptocurreny News Media

The Solana price is more than 60% away from its ATH and the metric signifies that its loss of profits to competing cryptocurrencies is driving the latest correction. The past couple of months has been...

What’s CK Pool? And, Why Are There So Many Solo Miners Getting Block Rewards?

The CK in CK Pool stands for Con Kolivas, a Bitcoin legend. Three weeks ago, when he announced that a solo miner got a whole 6.5 BTC block reward, the Bitcoin community cheered. Then, there was a seco...

Grammy-winner John Legend launches new music and art NFT platform

American singer-songwriter John Legend is solidifying his position among the ranks of celebrities flocking to the world of nonfungible tokens (NFTs), helping to launch a new NFT platform for musicians...

NFT Platform Pixel Vault Closes $100M Investment

NFT (non-fungible token) development platform Pixel Vault has closed a $100 million funding round, the startup announced on Wednesday. The company said that the investment by Velvet Sea Ventures and 0...

South African Regulator FSCA Cautions Consumers Against FTX, ByBit

The Financial Sector Conduct Authority (FSCA) of South Africa issued two notices yesterday, warning the public against dealing with crypto exchanges FTX and ByBit.  In a press release, the FSCA told t...

In The Clash Between Ripple And SEC, Is XRP Price Conspired To Remain Bound to $0.5?

The crypto business’s biggest legal brawl, while finding no end in sight, continues to spectate the roaring voice of the XRP army.  While the discovery deadline finds dates to the end of the month, th...

Solana Woes Worsen in $320 Million (120K wETH) Wormhole Bridge Hack

A Solana bridge called Wormhole has been exploited for as much as $320 million according to reports emerging on Feb. 3. The team posted a notice that the bridge had been hacked losing 120,000 wrapped ...

Wormhole token bridge loses $321M in largest hack so far in 2022

The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and ...

Paradigm Offering ‘Futures Spread Orderbooks’ on Deribit and Bybit

A futures spread trade is an arbitrage technique where a trader takes two positions on a commodity to capitalize on a discrepancy in price. So a trader buys one futures contract and sells another with...

What Does This Mean for Cardano?

Vladislav Sopov Cardano (ADA), the largest proof-of-stake network, implements an array of updates to advance its performance and developer experience Input Output Global, the development studio behind...

Public backlash forces “Worms” game NFT to be canceled

The non-fungible token (NFT) space might be the darling of many crypto enthusiasts but it appears that some remain unconvinced about the space. This was what Team 17, a video game publisher, found out...

Solana Labs Riptide Hackathon to Dole Out $5M in Prizes, Seed Funding

In brief Riptide is Solana Labs’ 5th global hackathon. With the hackathon, Solana is looking to onboard new developers into its ecosystem. Surf’s up! Just in time for the return of the blockchai...

Gary Vaynerchuk Tackles Myths About TikTok, Talent And NFTs

When Gary Vaynerchuk sees an opportunity to build something, he goes all-in. In 1996, that meant helping his dad’s liquor store in Springfield, NJ by creating an e-commerce site called Wine Library. A...

‘Philly is ready’ for CityCoins says city council

Philadelphia is on the cusp of following in the footsteps of Miami, Austin and New York City by partnering with CityCoins to develop a crypto for the city of Brotherly Love. Philadelphia Mayor Jim Ken...

The Walking Dead NFTs Spring to Life Amid AMC TV Series’ Final Season

In brief AMC will launch The Walking Dead NFTs via startup Orange Comet. The Walking Dead franchise previously launched NFTs for The Sandbox, an upcoming metaverse game. The popular The Walking Dead f...

What Will Be A Foundational Technology For Creating Metaverse Apps?

Game engines are not just for games anymore – but a doorway to creating Metaverse apps. getty As I have written in the past, the Metaverse is a work in progress. While it is the buzzword of the ...

India Will Never Accept Cryptocurrency As Legal Tender, Says Finance Secretary

India’s Finance Secretary T.V. Somanathan warned on Wednesday that private digital money will never be recognized as legal tender in the country. Only the Reserve Bank of India’s digital currency is r...

Cardano (ADA) Price Analysis: Bulls Remain Pressured Around $1.20

Cardano’s (ADA) price shows signs of consolidation but the outlook remains negative for the ADA. Cardano finds strong support around $1.03, a historical support level. At the press time, ADA/USD is tr...

McDonald’s celebrate Chinese New Year in the metaverse

American fast-food giant, McDonald’s is celebrating the Chinese Lunar New Year festival by creating a zodiac collection in the Metaverse. According to available information, the fast-food company join...

We Watched the Viral ‘Problem With NFTs’ Video So You Don’t Have To

On January 21, the YouTube channel Folding Ideas, created by Dan Olson, posted a video titled “Line Goes Up—The Problem with NFTs.” The video is well over two hours long and criticizes cryptocurrency ...

Grayscale and Bloomberg Launch First Equity ETF

The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the perf...

Esports Org 100 Thieves Releases Free NFT On Polygon

Esports organization 100 Thieves is known to be on the cutting edge of culture, often described as the “hoodie org” by esports loyalists who have competitive gaming at the forefront. However, 100 Thie...

LTC Price Analysis: Hidden RSI Divergence Foretells Recovery For Litecoin Holders

The LTC/USDT technical chart indicates an overall bearish trend. The coin price has recently plunged to the July 2021 low of $105, indicating a 64% loss from the previous swing high of $297. However, ...

Litecoin Creator Praises Dogecoin, Can The Token Get Its Bark Back?

In the midst of fast-paced vacillations between Polkadot (DOT), Terra (LUNA), and DOGE, Dogecoin (DOGE), a cryptocurrency project that began as a joke but has now taken on a far more powerful persona,...

UK tax agency cracks down on rules around DeFi lending and staking

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi). The updated re...

Polygon’s OpenSea Active Users Surge by 23% Amid Global Brands’ NFT Launch

As reported by Polygon analysts, Polygon’s OpenSea active users spiked 23% amid recent global brands’ NFT drop. In January, Italian luxury fashion house Prada and sportswear giant Adidas a...

Web 3.0 And Planning For Art NFT Collectors

Web 3.0 written newspaper close up shot to the text. getty Web 3.0 promises to have a profound impact on the way everyone does everything as everything becomes tokenized. The first harbinger of this r...

After Days of Consolidation, Is SHIB Breakout Incoming?

After some hard days, SHIB is starting to give clear bullish signals that may emerge in the renewal of a possible price rally. Key Support level: $0.000018 Key Resistance level: $0.000023 While SHIB c...

Solana, VeChain, EOS Price Analysis: 02 February

As the bulls endeavored to counter the long-term bearish tendencies in the market, Solana saw overbought readings on its 4-hour RSI and Bollinger Bands. This would likely propel a near-term setback. F...