‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari
Minneapolis Federal Reserve President Neel Kashkari said crypto is “almost never” used outside of drugs and criminal activity — but evidence points to the contrary.
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US IRS Releases Guidance on Crypto Airdrops and Hard Forks
The United States' federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks.In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and airdrops. The guidance also answers questions regarding…
Bitcoin Hash Rate Record Highs Show Miners Are Long-Term Bullish
Bitcoin (BTC) continues to set new records for its network hash rate this month, a sign that miners have shaken off weak price performance.Hash rate hits all-time highs in OctoberData from monitoring resource Blockchain confirmed hash rate hit 114 quintillion hashes per second on Oct. 23. Bitcoin network hash rate (12 months). Source: BlockchainThis is the…
Crypto-Friendly British App Revolut Reportedly Tripled Losses in 2019
Revolut’s losses in 2019 surged over 200% due to investment in international expansion, Revolut founder and CEO says. Revolut, a crypto-friendly trading app and one of the biggest fintechs in Europe, reportedly tripled its losses in 2019 despite growth in revenue and new customers.The London-based company reportedly posted a total loss of more than 106…
Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to ‘buy the dip’
The world's flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings. 620 Total views 5 Total shares The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling.Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin…
Voyager rejects Alameda buyout offer as it ‘harms customers’
Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buyout its digital assets on the grounds that the actions “are not value-maximizing" and potentially "harms customers." In a rejection letter filed in court on July 24 as part of its ongoing bankruptcy proceedings, Voyager’s lawyers denounced…
Price Analysis 29/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange. While large economies are confused on how to handle cryptocurrencies, smaller…
Animoca Brands continues shopping spree with MotoGP mobile dev acquisition
The company announced its acquisition of WePlay Media after it recently closed multiple multi-million dollar fund rounds with investors such as Temasek. 444 Total views 11 Total shares One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries.The company announced the purchase of…
Ledger breach possibly affecting whole EVM ecosystem — Linea
Wallet provider MetaMask was also affected by the incident. Ledger released a patch to resolve the issue but warned users to wait 24 hours before using its connector library again. The attack on Ledger’s connector library may be impacting the whole Ethereum Virtual Machine (EVM) ecosystem, according to the Linea team, a zero-knowledge rollup by