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Archives by Year:
Top Senator Slams Infrastructure Bill Crypto Tax Draft
Key Takeaways Senator Pat Toomey has said that Congress should be careful about passing the proposed U.S. infrastructure bill. He argued that the crypto provision within the bill should be amended as it may be “hastily-designed”. The bill proposes that all “brokers” in the cryptocurrency sector should report crypto transfers to the IRS. Some American […]
Alchemix Plummets After Suspected Insider Trading Blunder
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Alchemix has fallen over 15% after Coinbase announced support for the similarly-named asset Alchemy Pay. Alchemix Drops on Failed Insider Trading It seems someone got confused between Alchemix and Alchemy Pay. Yield tokenization protocol Alchemix dropped over 15% on Monday following the […]
Monero’s Riccardo Spagni Arrested on Fraud Charges
Key Takeaways Riccardo Spagni, former lead maintainer for Monero, was arrested last month in the U.S. on charges of fraud. Spagni allegedly falsified documents while involved with a South African company called Cape Cookies circa 2009. The charges were unrelated to his work on Monero. Former Monero lead maintainer Riccardo “Fluffypony” Spagni has been arrested […]
Bitcoin at Make or Break Point After Drop Below $40,000
Key Takeaways Bitcoin has slipped below $40,000 after enjoying a 43% rally. Transaction history suggests that BTC would have a difficult time reclaiming this level as support. If it does reclaim $40,000, $44,000 will become an imminent price target. The overall sentiment among cryptocurrency enthusiasts is back to “neutral” after the significant gains Bitcoin has […]
Eden to Protect Sushi Traders from MEV on Ethereum
Key Takeaways Transaction ordering protocol Eden Network has launched to protect Ethereum users from MEV. MEV is the amount of value miners can extract from transactions by reordering blocks, usually through frontrunning. Eden has integrated Sushi, giving traders on the DEX an option to protect themselves from MEV. This news was brought to you by […]
Why Cardano is Still Holding Strong After Market Crash
Key Takeaways Cardano’s native token ADA has shown strong support in the $1 to $1.20 range. Investors staking Cardano look to be helping it maintain its support. The strong community surrounding Cardano is also helping to keep people interested despite development setbacks. Since Cardano’s launch in 2017, its ADA token has seen wild swings in […]
Marathon Digital Buys Another 30,000 Bitcoin Mining Rigs
Key Takeaways Marathon Digital has agreed to buy 30,000 Antminer S19j Pros from Bitmain. The purchase will increase Marathon’s total hashrate by 30%. The move comes as an increasing number of Bitcoin mining companies look to expand their operations in North America. Mine Crypto Marathon Digital has agreed to purchase 30,000 Bitcoin mining machines from […]
Infrastructure Bill Crypto Broker Update Sparks Confusion
Key Takeaways A new U.S. bill says those classified as “brokers” in the cryptocurrency space will have to adhere to strict tax reporting. As per the latest amended bill, brokers are those who engage in “effectuating transfers” of cryptocurrencies. The bill has sparked confusion over whether cryptocurrency miners would be classified as brokers. The Senate’s […]
Ethereum Aims for 13th Consecutive Green Candle Close
Ethereum has achieved its 12th green daily candle in a row. Ethereum on a Rally Following the recent crypto market reversal, Ethereum is in bullish mode. From Jul. 21 to Aug. 1, ETH has closed each day at a higher price, registering the longest period of sustained daily gains in the asset’s history. The current […]
Has Crypto Entered “NFT Summer”?
Key Takeaways NFTs are a type of asset that offer provable scarcity and ownership by recording data on a blockchain. Demand for CryptoPunks and other sought-after NFTs has risen over the weekend. Some have suggested that crypto is in the midst of the NFT equivalent of last year’s “DeFi summer.” Prices for in-demand NFTs like […]
