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Crypto Community Unites to Halt Controversial Tax Plan

Crypto Community Unites to Halt Controversial Tax Plan

Key Takeaways Crypto community members are requesting senators to reject the draft to the infrastructure bill that contains the Portman-Warner amendment. The amendment would only exclude Proof-of-Work miners from stringent tax reporting, while potentially imposing strict regulations on Proof-of-Stake validators and developers. As the bill moves towards a senate vote, an industry-wide lobbying effort has […]
Bitcoin Looks Primed to Run to $47,000

Bitcoin Looks Primed to Run to $47,000

Key Takeaways Bitcoin has claimed $40,000 as support, generating a short squeeze.  More than $180 million worth of short positions were liquidated as prices rose. With shorts liquidated, BTC could climb to $47,600.  Bitcoin has sliced through a crucial resistance level that was preventing it from achieving its upside potential. Bitcoin is Breaking Out Bitcoin […]
Tezos Successfully Completes Granada Network Upgrade 

Tezos Successfully Completes Granada Network Upgrade 

Tezos has successfully implemented the Granada upgrade, cutting block times in half and reducing smart contract gas consumption.  Tezos Enhances Network Capabilities Tezos has launched its seventh major upgrade.  The self-amending blockchain has successfully conducted its Granada upgrade, enhancing several existing network features. The upgrade has replaced the previous consensus algorithm, Emmy+, with Emmy*, cutting […]
Biden Backs Infrastructure Bill Draft Posing Threat to DeFi

Biden Backs Infrastructure Bill Draft Posing Threat to DeFi

Key Takeaways The Senate is debating a massive infrastructure bill bearing concerning crypto-related provisions. The White House has backed an amendment to the bill that threatens DeFi and Proof-of-Stake validators. The final vote on the amendment is due on Saturday. The White House has weighed in on the ongoing infrastructure bill debates. White House Backs […]
Binance “Pivoting to Proactive Compliance”: CEO Zhao

Binance “Pivoting to Proactive Compliance”: CEO Zhao

Binance CEO Changpeng Zhao has indicated that the exchange will be adopting a more proactive approach to regulatory compliance. Binance Switches Its Strategy The world’s largest crypto exchange looks to be taking a different approach to regulatory compliance. In a tweet posted Friday, CEO Changpeng Zhao told his 3.1 million followers that Binance would be […]
Marvel Will Launch Spider-Man NFTs on Saturday

Marvel Will Launch Spider-Man NFTs on Saturday

Key Takeaways VeVe will begin to sell Marvel superhero NFTs this weekend. The first series of non-fungible tokens will feature five variations on Spider-Man, priced between $40 and $400. Future VeVe collectibles will feature Wolverine, Iron Man, and Captain America as well as digital comic books. Comics giant Marvel and its NFT partner VeVe have […]
Coinbase Expands Apple Pay Support for Buying Crypto

Coinbase Expands Apple Pay Support for Buying Crypto

Key Takeaways Coinbase has announced Apple Pay support for iOS and Safari users with a Visa or Mastercard debit card. The exchange will cooperate with U.S. payments company The Clearing House to offer instant withdrawals of up to $100,000 to American customers. The move should help Coinbase target retail investors. This Exchange News was brought […]
Aave is Exploring Solana, Avalanche, Layer 2 Expansion

Aave is Exploring Solana, Avalanche, Layer 2 Expansion

This news was brought to you by ANKR, our preferred DeFi Partner. Aave founder Stani Kulechov revealed that the protocol was looking into expanding its markets beyond Ethereum and Polygon. Aave to Enable Cross-Chain Collateral Decentralized lending protocol Aave is working on a multi-chain strategy. Speaking at Chainlink’s Smart Contract Summit, Aave’s founder and CEO […]
Bitcoin at Make-or-Break Amid JPMorgan Fund Reports

Bitcoin at Make-or-Break Amid JPMorgan Fund Reports

Key Takeaways JPMorgan is said to be pitching an in-house Bitcoin fund to its clients.  While JPMorgan CEO Jamie Dimon remains skeptical, he has expressed an interest in satisfying institutional investors.  Meanwhile, Bitcoin is on the verge of a massive price movement.  This news was brought to you by Phemex, our preferred Derivatives Partner. Institutional […]
EIP-1559 Has Already Burnt $1 Million Worth of ETH

EIP-1559 Has Already Burnt $1 Million Worth of ETH

Key Takeaways $1 million worth of Ethereum has been burnt already. The price of Ethereum has reacted quickly, jumping 6% in the last hour. While not deflationary yet, ETH will see a significant decrease to the growth of its supply. This news was brought to you by ANKR, our preferred DeFi Partner. $1 million worth […]