Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC

Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, signed by eight U.S. Congress members, stated:“We wrote in April of this year urging the issuance of guidance for taxpayers who use cryptocurrencies…

While Web3 narratives haven’t yet permeated public consciousness, there seems to be a strong foundation for future acceptance of the idea. 361 Total views 19 Total shares Findings from an online survey of 1,500 United States-based consumers reveal people’s deep concerns over privacy and tech platforms’ outsize power while suggesting that Web3 is yet to…

Nolus’ DeFi lending protocol aims to onboard more people by solving collateralization inefficiencies. 285 Total views 1 Total shares Crypto lending has become an essential part of decentralized finance (DeFi), allowing people to lend and borrow digital assets via specifically designed protocols. With crypto lending, users can lock their crypto assets as collateral and then…

The Important Stories investigation seemingly contradicts Durov’s public claims. 

The most popular social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, local news outlet RNS reported on March 28.Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. Still,…

LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue.

This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its “impermanent loss protection” in the wake of a hostile market.DappRadar’s report shows…

StellarX, a Stellar-based zero-fee decentralized crypto exchange has left its beta phase and was fully launched Friday, September 28. The launch was announced in a blog post by Interstellar, the company behind the platform.The exchange, originally announced in July this year, is based on Stellar’s (XLM) universal marketplace. Stellar is an open-source protocol for cryptocurrency…

This in turn could reduce the headaches involved when achieving consensus. Bison Trails, a Blockchain infrastructure-as-a-service provider, has created double-signing protection software, or DSP, which aims to address the slashing penalties associated with double signing messages.According to the company, many digital asset holders consider slashing penalties to be one of the “main risks” of Blockchain…