Tag: Altcoin News

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Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance

  Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around the case – which some…
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Smaller Altcoins Extend Gains while Bitcoin and Ethereum Look for Direction

Bitcoin price is currently (11:58 UTC) consolidating near the USD 38,500 level. If the bulls remain active, the price could rise towards the USD 40,000 level. Similarly, most major altcoins are attempting a key upside break. ETH could accelerate higher if there is a move above USD 2,800. XRP might struggle to clear the USD…
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FTX to Enter Japan via Liquid Group Acquisition as Altcoin Listing Rules May Ease

  Major crypto exchange FTX is readying to set up shop in the land of the rising sun via the acquisition of the Liquid group, the owner of a licensed Japanese crypto exchange, Quoine. Meanwhile, the body that governs Japan’s almost USD 1trn crypto market is reportedly considering making it easier to list digital tokens….…
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Year of the Tiger May Be the Year of the Digital Yuan as China Celebrates with More CBDC Adoption

  For millions of Chinese people living in the “10+1” pilot cities trialing the digital yuan, the Year of the Tiger is off to a lucrative start, with companies on an adoption drive that is seeing them slash prices for digital CNY customers, give away tokens and more. The busy Lunar New Year period, also…
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Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021

  South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses. As reported, the “big four” crypto trading platforms – Upbit, Bithumb, Korbit, and Coinone – collectively hired over 600 new staffers in…
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Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own

  Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its…
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Litecoin Releases its Much-Anticipated Fungibility and Scalability Update

  Litecoin (LTC) has released its long-awaited fungibility and scalability upgrade Mimblewimble Extension Block (MWEB) after almost two years of development, testing, and auditing. This is considered one of Litecoin’s most significant upgrades to date…. Read More: Litecoin Releases its Much-Anticipated Fungibility and Scalability Update  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Coin Race: Top Winners/Losers of January

  The first month of 2022 is behind us, and as in nature so in the crypto markets – it was cold. The month of December 2021 saw mostly lower prices for major cryptoassets. For example, bitcoin (BTC) and ethereum (ETH) both went down by close to 20%, which spelled absolute failure of many of…
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Luna Jumps as Terra Asks USD 38M From Community to Fund an Undisclosed Sports Partnership

  Terra co-founder Do Kwon has requested TerraUSD (UST) 40m from the community, a decentralized stablecoin running on Ethereum (ETH), in order to fund a Terra Brand partnership with an undisclosed sports franchise describes as “one of the four major American professional sports leagues” – seeing Terra’s native coin LUNA jump today…. Read More: Luna Jumps…
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Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years

  Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand…. Read More: Men Who Spiked a…
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