According to a recent ruling from the United States’ highest tax body, cryptocurrency holders are required to include staking rewards in their gross income for the year they were earned. Internal Revenue Service Revenue Ruling 2023-14 was released on July 31. It clarified the tax treatment of profits from staking
August 1, 2023 1 min read
To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that
August 1, 2023 1 min read
One topic has dominated coverage of the cryptocurrency industry in recent weeks. Among cryptocurrency enthusiasts, the approaching Litecoin Halving has become the most awaited event. In addition, as anticipation for the event grew, its value increased to $110 on June 30. Moreover, the price is facing high volatility as investors
July 31, 2023 4 mins read
The U.S. SEC and Binance both filed replies about “Eeon,” a company that wanted to intervene in the SEC’s complaint against Binance on behalf of clients. Binance and the SEC have apparently opposed Eeon’s request to intervene in the action, arguing that it does not comply with the requisite legal
July 29, 2023 2 mins read
There are a number of causes behind Solana’s recent brief price surge. On July 7, Solana finally had its much-anticipated Proof-of-History fork, which included significant enhancements to the underlying network. Developers and investors now have more faith in Solana as a result of the successful fork. Solana’s DeFi activity is
July 29, 2023 2 mins read
In the last 24 hours, the cryptocurrency market has moved inside a narrow range. Also, the fear and greed measure is now at 51 out of 100, which is in the middle of the spectrum. On Thursday, bulls drove the price of Ethereum (ETH) closer to $1,900. Ever since the
July 28, 2023 2 mins read
Analysis of the daily chart implies that the XRP price may soon reach a turning point. On July 14, the XRP price began its ascent. Since the XRP price peaked at $0.854 on July 19, there has been an increase in profit-taking. The price could not continue the rally further
July 27, 2023 2 mins read
With over 18 million Polygon-based Collectible Avatars created over the last year, Reddit has swiftly become one of the largest brands related to NFTs, and it has now released another intriguing collection. The fourth generation of Reddit’s Collectible Avatars, dubbed “Retro Reimagined,” debuted today. It features hundreds of artists’ takes
July 27, 2023 1 min read
Ramp is the first global crypto on-ramp provider that offers direct Worldcoin (WLD) purchases. The fintech company is excited to announce that, with the exception of the United States, they are the first crypto on-ramp provider to provide Worldcoin (WLD) direct purchases to consumers globally. Customers may now purchase Worldcoin
July 26, 2023 3 mins read
Boba Network, an exclusive multichain layer-2 (L2) solution driven by HybridCompute ™, today announced the unprecedented integration of Oku, the most advanced DeFi trading platform powered by Uniswap v3 and built by GFX Labs. As Boba Network leads the way in delivering off-chain data and computation capabilities with HybridCompute ™, this
July 24, 2023 3 mins read
