IRS issues temporary relief on crypto cost-basis method changes

Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black Wednesday.” BTC’s price fell below $40,000 for the first time since it blew past the resistance level on Feb. 9 on the back of the…

Li Finance (LiFi) protocol users suffered losses amounting to around $600,000, some of them have been reimbursed after a hacker exploited a bug in the project’s smart contract. 373 Total views 21 Total shares The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’…

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies for potential evasion of sanctions, some countries in Asia have also been moving to respond to the situation.Japan to fine crypto exchanges for violating sanctionsJapan became the latest country in Asia to call cryptocurrency firms to comply with sanctions…

In a Twitter discussion with J.K. Rowling, Elon Musk revealed holding 0.25 BTC after claiming to be selling nearly every physical possession earlier this month. 2316 Total views 52 Total shares Elon Musk appears to have revealed his Bitcoin (BTC) holdings while participating in the crypto community’s efforts to educate J.K. Rowling, the author of…

The Shibarium community known as Shib Army has taken to X (formerly known as Twitter) to respond enthusiastically to the development. Progress is underway in the field of blockchain technology, with the highly anticipated public launch of the Shibarium layer-2 version happening soon. The Shiba Inu team has announced that the platform is running smoothly and…

Photography often has to weather disruptive changes — from film to digital, for example — and photographers find themselves needing to master new technologies or face losing out to more tech-savvy competitors. NFTs are just another transformation in how we consume images. Can photographers adapt and benefit from them?Coming to grips with the NFT market…

As part of the acquisition, Coinbase said One River Digital’s team would join the exchange and CEO Eric Peters would stay to lead the firm under the name Coinbase Asset Management. 91 Total views 4 Total shares Own this piece of history Collect this article as an NFTUnited States-based cryptocurrency exchange Coinbase has acquired cryptocurrency-focused…

In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other

Across numerous industries throughout the decades, there has always been a pervasive fear that robots are going to take our jobs. While there has been plenty of evidence that automation ultimately moves human workers off production lines, automation often needs human interaction in order to operate within acceptable margins. When we think of these robots…