Harris’ unrealized gains tax could ‘tank markets’: Nansen’s Alex Svanevik, X Hall of Flame

Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as a key strategic partner to the world’s biggest and  most influential countries due to its positioning between east and west might yet become the central hub for this nascent…

With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC. 1765 Total views 8 Total shares Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin.In a Monday…

The first stage of the highly anticipated upgrade to the Ethereum blockchain, Ethereum 2.0, is expected to launch by the end of this year. Promising to increase the throughput and lower the latency of the Ethereum mainnet, these steps are likely to bring wider adoption in business and commerce.Ben Edgington, product owner for Teku —…

A site enabling consumers to buy Bitcoin using hundreds of different payment methods says demand is thriving despite declining cryptocurrency prices — with Africa being its biggest market.Paxful says the volume of transactions it has processed from the continent has risen by more than 130 percent — and now, an average of 17,351 trades per…

A majority of accredited and retail investors plan to increase their crypto asset holdings over the next 12 months, according to a survey published September 5 by investment platform SharesPost.The mid-year survey, which was conducted in July, polled 2,490 retail investors and 528 individual accredited and institutional investors. The recent survey shows both consumers and investors…

The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24.From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across…

Way back in 2014, the United States Internal Revenue Service (IRS) ruled that cryptocurrency is property in Notice 2014-21. That classification as property has some big tax consequences accentuated by wild price swings. Buying and selling crypto can trigger gain or loss and be taxable. Yes, buying something using crypto — a house, a car,…

Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems?Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.”Will Bitcoin see a rare “red” February?Against practically…

Blockchain technology firm LayerX raised nearly $28 million to further blockchain adoption. 1560 Total views 45 Total shares Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption.The Japanese version of Cointelegraph reported on May 28 that LayerX raised the funds from venture capital firms JAFCO,…