Crypto News Roundup for Oct. 22, 2021
Markets Daily Crypto Roundup
With crypto markets taking a breather after this week’s wild bitcoin ETF-driven rally, plus a look at the fragility of the global financial system, CoinDesk’s Markets Daily is back with the latest news roundup.
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Vertcoin’s Struggle Is Everyone’s Struggle
opinion Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. — You may not have heard of Vertcoin, a crypto project designed to curtail concentration…

IRS May Make It Harder to Avoid Declaring Crypto on Tax Returns
Sep 25, 2020 at 10:37 UTCUpdated Sep 25, 2020 at 12:20 UTCThe U.S. Internal Revenue Service (IRS) is about to deploy a simple trick to make it far harder for taxpayers to avoid declaring their cryptocurrency assets.According to a Wall Street Journal report Friday, the Internal Revenue Service plans to reposition a question on the…

Solana Leads Gains in Crypto Majors, Bitcoin Metric Suggests Low Retail Growth
Ethereum ecosystem and layer-2 tokens, such as LDO, ARB, and MNT, jumped as much as 7% as Franklin Templeton filed plans for a spot ether ETF.Meanwhile, some market observers pointed out that Google search interest for bitcoin remained at an all-time low compared to the price, implying low retail interest in the topic.Solana’s SOL led

Polymarket, Prediction Betting Markets Vindicated by Trump’s Strong Showing
Polymarket founder Shayne Coplan and the market niche he took mainstream in 2024 can take a victory lap. Along with Donald Trump, the Republican Party, and the cryptocurrency industry, prediction markets are a clear winner of the U.S. election. The GOP's surprisingly strong showing Tuesday night came as a shock to those who only got

DraftKings Founders Back ‘Play-to-Earn’ Soccer Game With $3M Raise
A non-fungible token (NFT) game called MonkeyBall has raised $3 million as the latest experiment in the surging “play-to-earn” sector, where gamers reap crypto rewards for their time.The soccer game is being developed with the Unity game engine on the Solana blockchain in a bid to be a high production value, AAA-grade title, the company…

Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar
news Coinbase’s legal chief is calling for private sector leadership in developing America’s digital currency. Brian Brooks, in a Fortune essay published Monday, argued private corporations are best positioned to build a much-debated digital U.S. dollar, and that the government should stand back and let them, doing little, if anything, to regulate their underlying blockchains.…

Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping
The bitcoin mining difficulty - a measure of how easily miners can discover a block of bitcoin - is set to surpass the 50T mark on Wednesday, setting a new all-time high, and it’s could continue to grow further.The rally in bitcoin prices this year and rise in popularity for the Ordinals protocol has led…

First Mover: 10 Takeaways for Bitcoin From Negative Oil Prices
Apr 21, 2020 at 12:06 UTCUpdated Apr 21, 2020 at 12:12 UTCFirst Mover: 10 Takeaways for Bitcoin From Negative Oil PricesU.S. oil futures prices turned negative Monday for the first time ever. Is it good or bad for bitcoin?The coronavirus pandemic has so completely upended the global economy that energy demand has fallen off a…