Polygon Labs’s MATIC-POL migration confirmed for Sept. 4
The upgrade is part of Polygon’s 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem, aiming to expand the utility and functionality of its native token.
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Court victory precedent: IRS may not tax staking rewards until sold
The Nashville couple’s case against the IRS compared unclaimed and unsold crypto rewards to an unsold book from a writer, and will be rewarded a refund with interest for tax paid. 602 Total views 5 Total shares A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to…
Raoul Pal believes institutions have finished taking profits as year winds up
Raoul Pal suggested that profit-taking by institutions was the likely reason for recent Bitcoin sell offs, but that the selling is likely done for now. 1654 Total views 33 Total shares Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year…
Bitcoin Rally in Danger? Wall Street Veterans Warn of Nasdaq Bubble
Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin (BTC) and stocks in recent months, it could negatively affect the crypto market.Since March 2020, Bitcoin and the S&P 500 saw an uncanny correlation. There were some periods where BTC…
Nexera burns stolen 32.5M NXRA tokens following hack
Burning the stolen NXRA tokens is a significant step to ensure the long-term stability and integrity of the Nexera protocol.
Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion
A SHIB hodler who spent $3,400 on the memecoin last August is now a crypto billionaire from that purchase alone, with the asset gaining 94278239.8%% over the past year. 486 Total views 16 Total shares An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of…
LocalEthereum Woos LocalBitcoins Traders After Platform Reportedly Bans Cash Trading
Finnish P2P bitcoin (BTC) trading platform LocalBitcoins has kept silent after users reported it had removed cash trading from its service on June 1.LocalBitcoins, which allows users to trade BTC for fiat currency privately, purportedly cut the option for in-person meetups to trade crypto for cash, angering social media commentators.“It’s time to no longer recommend…
SEC doubles down on crypto regulation by expanding unit
The Crypto Assets and Cyber Unit of the SEC's Enforcement Division, which is tasked with policing cryptocurrency firms, will add 20 people to its staff. 391 Total views 5 Total shares The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in…
Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?
The recent week has been relatively dull on the price movements of Bitcoin (BTC), as a slow upward trend was established after Bitcoin’s price found a footing at above $10,000. This rally then continued toward $11,000 on Sep. 18 but was pushed back by some short-term resistance levels. The previous week has been focused solely around…