Category Archive: Cryptocurrency, No picture
Infrastructure Bill Crypto Broker Update Sparks Confusion
Key Takeaways A new U.S. bill says those classified as “brokers” in the cryptocurrency space will have to adhere to strict tax reporting. As per the latest amended bill, brokers are those who engage in “effectuating transfers” of cryptocurrencies. The bill has sparked confusion over whether cryptocurrency miners would be classified as brokers. The Senate’s […]
Ethereum Aims for 13th Consecutive Green Candle Close
Ethereum has achieved its 12th green daily candle in a row. Ethereum on a Rally Following the recent crypto market reversal, Ethereum is in bullish mode. From Jul. 21 to Aug. 1, ETH has closed each day at a higher price, registering the longest period of sustained daily gains in the asset’s history. The current […]
Has Crypto Entered “NFT Summer”?
Key Takeaways NFTs are a type of asset that offer provable scarcity and ownership by recording data on a blockchain. Demand for CryptoPunks and other sought-after NFTs has risen over the weekend. Some have suggested that crypto is in the midst of the NFT equivalent of last year’s “DeFi summer.” Prices for in-demand NFTs like […]
Phemex Launches Olympic Trading Competition
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. The Phemex exchange has announced and launched the Phemex Olympics: United Through Trading competition, the latest in a series of competitive and educational events held this year. Following the Olympics theme, the trading competition is divided into two categories — weightlifting and […]
Ripple Maintains “Lack of Clarity” Defense In SEC Case
Key Takeaways Ripple’s legal team has published a new legal filing. Ripple maintains that certain members of the SEC have expressed a lack of clarity around securities regulations. Some estimates suggest the case will end in 2022. The legal firm defending Ripple has published a new defense in the company’s ongoing legal dispute with the […]
Wealthfront Adds Grayscale Bitcoin, Ethereum Shares
Wealthfront will now let customers allocate to Grayscale’s GBTC and ETHE products. Wealthfront Adds GBTC and ETHE Wealthfront, a California-based investment firm with $25 billion assets under management, will give customers exposure to Bitcoin and Ethereum via Grasycale’s trust shares. The financial services firm announced the update Thursday. Customers will be allowed a maximum of […]
Harvest Finance Surges 127% on Coinbase Listing
Key Takeaways Coinbase has listed Fetch (FET), Paxos Standard (PAX), Polymath Network (POLY), and Harvest Finance (FARM). The listed coins are available on Coinbase and Coinbase Pro in most supported regions. Harvest Finance’s FARM token surged 127% following the listing. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Coinbase has […]
Ethereum Targets $3,000 Despite Death Cross Warning
Key Takeaways Ethereum’s price chart is flashing a potential negative warning in a death cross. The market can expect volatility due to today’s options expiry and rising derivatives volume. Many investors are awaiting Ethereum’s upcoming London hardfork, which includes the crucial EIP-1559 fee burning proposal. This news was brought to you by ANKR, our preferred […]
Animoca Brands Acquires Indie Game Developer Blowfish Studios
Animoca Brands has announced the acquisition of Sydney-based Blowfish Studios, expanding the firm’s game development capabilities. Animoca Brands Expands Game Development Animoca Brands is adding to its portfolio of game development talent by acquiring Blowfish Studios. The deal, announced Thursday, sees the leading NFT gaming publisher buy out Blowfish with a combination of cash and […]
Onboarding Millions on Layer 2 Solutions: Interview with DODO Founder
Key Takeaways DODO is set to launch on Arbitrum, and believes that Arbitrum will surpass people’s expectations. While initially, liquidity will be spread between layer 2’s and sidechains like Polygon or BSC, if layer 2 delivers it will eventually prevail. The recent slump in DeFi prices hasn’t affected most projects as they all have more […]
