August 1, 2023 IRS clarifies rules on crypto staking rewards The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards. The new directives stipulate that taxpayers…
August 1, 2023 Is SBF secretly behind BALD? Crypto Twitter debates latest conspiracy Crypto Twitter has been set ablaze with a new conspiracy that Sam Bankman-Fried is secretly pulling the strings of a new memecoin on Base…
August 1, 2023 A surge in AVAX’s popularity shouldn’t be misinterpreted by traders because… Despite the hike in popularity, Avalanche’s daily active addresses and transactions declined A few metrics suggested a price uptick but the market indicators remained…
August 1, 2023 Crypto staking rewards are taxable once received: IRS The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens….
August 1, 2023 Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap Quick Take Ethereum has reached a significant achievement by cracking into the top 50 global assets based on market capitalization, with a current worth…
July 31, 2023 Base’s largest DEX LeetSwap halts trading amid exploit concerns Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange LeetSwap, which operates on…
July 31, 2023 Axie Infinity traders, be prepared! AXS likely to fall to $5.8 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure…
July 31, 2023 Coinbase distances itself from CEO Brian Armstrong’s comments on SEC investigation Coinbase has publicly distanced itself from statements made by CEO, Brian Armstrong, which suggested that the U.S. Securities and Exchange Commission (SEC) had requested…
July 31, 2023 Nifty News: Yuga Labs to buy metaverse studio, Etihad NFT staking to take off and more Roar Studios will be acquired by Yuga Labs as the latter looks to onboard talent for its still-in-development Otherside metaverse. Yuga Labs accelerates Otherside…
July 31, 2023 Is sticking to XRP the key to long-term gains? An analyst opined that investors should consider holding XRP. XRP’s price action tilted toward the bearish area but network activity improved. As investors constantly…