Memecoins are a ‘cornerstone’ of crypto: Galaxy’s Novogratz

The Crypto Biz newsletter is delivered weekly to your inbox. Join the mailing list to stay up to date on the week's biggest business stories. 366 Total views 12 Total shares Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding…

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Denmark’s tax agency (Skattestyrelsen) has confirmed it is “identifying” 2,700 individuals it says owe taxes on Bitcoin (BTC) gains, according to a Dec. 12 press release.According to Skattestyrelsen, the Danish citizens bought and sold Bitcoin via an unnamed Finnish cryptocurrency exchange between 2015 and 2017, but did not declare any profits or losses on tax…

Ether (ETH) price could continue its gains to hit $440 before resistance kicks in, one analyst has told mainstream media. Speaking to Bloomberg on Feb. 14, Edward Moya, senior market analyst at online forex broker Oanda Corp, warned that the largest altcoin’s huge gains in 2020 were now looking unstable. GSI flashes bearish for ETHETH/USD has more…

The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine.

The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium…

The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers. 182 Total views 6 Total shares Own this piece of history Collect this article as an NFTThe tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom…