The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

news Crypto data startup Nomics just secured $3 million in funding from investors including Coinbase Ventures. The company announced Tuesday that the Series A investment will be used to flesh out its engineering team, as well as continue working to index 95 percent of all data pertaining to how crypto assets are traded. Led by…

ByteTree's Charlie Morris shows how bitcoin's price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market. Feb 12, 2021 at 2:29 p.m. UTCFirst Mover: A Bullish ($1 Million) Bitcoin Forecast as Year of Ox BeginsEditor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on…

Sep 25, 2020 at 01:26 UTC(PublicDomainPictures / Pixabay )The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.Data from Coin Metrics show that the total value of assets for all stablecoins breached the $20…

Polygon, a layer-2 network atop the Ethereum blockchain, will activate an upgrade on Wednesday that swaps out its longstanding MATIC token for a new POL token, allowing for more flexibility on issuance of new supply. While the planned switchover has been well-telegraphed, the changeover could be closely monitored, since the token is widely held across

news ConsenSys, the ethereum production studio, is letting go of 13 percent of its staff, according to a company announcement published Thursday and confirmed to CoinDesk by company officials. The move comes on the heels of an announced “re-focusing of priorities” at the Joseph Lubin–funded venture studio. As the company said Thursday: “Excited as we…

Stablecoins are increasingly used for everyday finances such as savings, currency conversion and cross-border payments in emerging markets, according to a Thursday report by digital asset investment firm Castle Island Ventures and hedge fund group Brevan Howard. Based on a survey of more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia, and India, access

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Decentralized exchange (DEX) KyberSwap has been attacked for nearly $50 million, and administrators are advising users to withdraw all funds as a precautionary measure as the exploiter says negotiations will soon commence.On-chain data shows that the attacker is stealing funds mostly in Ether, wrapped ether (wETH) and USDC. The attacker has also hit multiple cross-chain

Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Crypto-related…