“They’re made by people trying to get rich off of other people trying to get rich,” said Dogecoin creator Billy Markus. Seemingly frustrated by the amount of ‘meme coin’ spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets. Markus recounts how DOGE was originally created...
The capital pool promises to enable greater access to finance for traditional corporations and institutions seeking to capitalize on emerging opportunities within the DeFi space. Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the...
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018. The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers by the end of the first quarter. The UAE Securities and...
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility. Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities. The proposal includes a 30% income tax...
In 2021 alone, victims within the FBI San Francisco division’s territory lost more than $64 million to romance scams, compared to just over $35 million in 2020. The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies. Just a few...
In a fun and fortune-finding experiment, a Redditor has locked away $100 worth of Bitcoin in a public library “somewhere in Europe” until 2122. There’s never a dull day in Bitcoin (BTC) land. Despite that markets calling for a lull, the creative Bitcoin community always has cause for amusement. Yesterday, a Redditor by the name of Optimal-Dentistador (henceforth,...
The formation of DAOs and a look ahead to 2022 and how DAOs are on a path towards mainstream adoption. In 2021, crypto has been one of the biggest trends shaping tech and finance, and according to mainstream news headlines, decentralized autonomous organizations (DAOs) are set to be a force to be reckoned with in crypto in 2022. Mark Cuban called them the...
BTC bulls want to confirm this week’s trend reversal, but analysts warn that Bitcoin price is in a “profit-taking” zone where $45,000 is expected to stand as resistance. The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed's...
Singapore, a major financial and shipping center, has emerged as a top global cryptocurrency hub in a short period. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues...
Soon after the launch of the Stacks Bridge, more token and NFT transfers will be supported so users can benefit from the security of Bitcoin and the speed of other chains. Multi-chain token bridge Allbridge will become the first to offer Stacks (STX) transfers as part of a partnership with Bitcoin software developer Daemon Technologies. STX is the native token...
Stock headwinds contrast with a lack of short sellers to produce an array of forecasts on where Bitcoin price action may head next. Bitcoin (BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels. Melt-up or breakdown? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in...
The developers behind the project noted that the deployment of RSS3 could take up to 6-8 months. Really Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet is all set to take on Web3 with a decentralized information processing protocol called RSS3. In a technical whitepaper released on Monday, RSS3...
“No doubt about it, people are really scared, which is typically an opportunity to buy,” Willy Woo said. Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels. Speaking on the What Bitcoin Did podcast hosted by Peter McCormack on Jan. 30, Woo...
Traders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur. The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from...
Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees. The New York Digital Investment Group, or NYDIG, has launched a benefit program allowing employees of participating companies to convert a portion of their paychecks into Bitcoin. In a Tuesday...
MicroStrategy bought significantly less BTC in January than in previous months, according to official data. Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the United States Securities and Exchange Commission (SEC) filed on...
January gives no relief to hodlers, but it’s been eight years since Bitcoin had a double-digit “red” February. Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems? Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle....
Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol. Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for a...