Dogwifhat makes a comeback after WIF rallies 25% in a week — What is next?
WIF staged a double-digit rally over the past week as memecoin traders piled into fresh positions.
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Ethereum average gas fee falls down to $1.57, the lowest since 2020
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638. 919 Total views 29 Total shares The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the…
Crypto.com Simplifies Crypto Tax Reporting for Its Users
Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers.On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax.Now, Crypto.com’s users can import their historical crypto transactions from the platform into…
Upbit to pause NEAR deposits for network upgrade
Upbit ensures uninterrupted NEAR trading while suspending deposit and withdrawal services amid a crucial network upgrade.
8 ways crypto companies can improve their financial compliance in the US
The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry. Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making…
Metaverse not the endgame, but ‘ongoing digital transformation’: Davos 2023
The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space.It is also a hot topic at the 2023 World Economic Forum (WEF) in Davos, Switzerland. The WEF has…
Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
Coinbase Opens Office in Ireland as Part of Brexit Contingency Plan
San Francisco-based cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland, according to an announcement published Oct. 15. In addition to helping expand its operations in Europe, the new Irish offices are reportedly part of a contingency plan for when the U.K. leaves the E.U.Per the announcement, the Dublin team will take on…
No precedent: IRS court settlement doesn’t clarify crypto staking taxes
In May 2021, a Nashville couple known as the Jarretts filed a lawsuit against the United States Internal Revenue Service (IRS) over taxes they had paid on unclaimed and unsold Tezos (XTZ) staking rewards. At the beginning of February, news broke that the lawsuit filed by the Jarretts had come to an end, resulting in…