Monthly Archives: May 2021

Coinbase has launched a fact-checking portal to combat “misinformation and mischaracterizations about Coinbase or crypto” being shared online. 897 Total views 1 Total shares Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check" via the company’s blog. In a May 27 post titled “Announcing Coinbase Fact Check: Decentralizing Truth in…

The new bridge will allow Ren’s ERC-20 representations of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network. 1667 Total views 1 Total shares The launch of the new Polygon x RenVM Bridge was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow…

Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S. 792 Total views 2 Total shares A couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold, in a complaint filed to federal court. The Tennessee couple are…

Uniswap is now planning layer-two deployments on both Arbitrum and Optimism. 1927 Total views 3 Total shares The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum.Uniswap’s creator, Hayden Adams, announced the vote on May 27, revealing the proposal’s governance vote received 41.35 million votes…

Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry. 858 Total views 1 Total shares Nvidia, a leading manufacturer of graphics processing units, or GPUs, has announced record earnings for Q1 2021. However, the firm has downplayed the role of the crypto…

Billionaire Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.” 1514 Total views 8 Total shares Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an…

The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges experienced…