The Ethereum Merge may constitute a taxable event if it results in a chain-splitting hard fork, tax experts warn. Ether (ETH) hodlers that don’t play their cards right following the Ethereum Merge may be in for a hefty bill come tax time, according to tax experts. Around Sept. 15, the Ethereum blockchain is set to…
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The NFT marketplace said that while they do not speculate on forks, the team will only support NFTs on the proof-of-stake chain. As the date for the Ethereum Merge approaches, nonfungible token (NFT) marketplace OpenSea has announced that it will focus on supporting only the NFTs that are on the upgraded proof-of-stake (PoS) blockchain. In…
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An opera-centric DAO is using NFTs to open up new funding avenues to classical musicians outside of the limiting legacy institutions. The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases. Genres like pop, EDM and hip hop have…
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Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close. Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro…
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The Federal Bureau of Investigation (FBI) profiled the Onecoin cryptocurrency scam and its co-founder Ruja Ignatova, aka “Crypto Queen,” in a new podcast. Onecoin was one of the world’s biggest crypto scams and Ignatova was recently added to the FBI’s 10 most wanted fugitives list. FBI on Onecoin Crypto Scam and Ruja Ignatova The Federal…
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The government of Iran has finalized a set of cryptocurrency regulations. A “comprehensive and detailed” law ratified by the administration provides a regulatory framework for cryptocurrency, including their authorized usage and crypto mining, a government official reportedly said. Iran Finalizes Crypto Regulations The Iranian government has evaluated all issues relating to cryptocurrencies and approved a…
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The District of Columbia’s Attorney General has publicly stated that his office will launch a tax fraud lawsuit against the IT firm MicroStrategy and its Bitcoin (BTC) bull former CEO Michael Saylor. But the firm called the lawsuit “false” – and has vowed to “defend aggressively” against what it called an “overreach.”… Read More: MicroStrategy…
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Bitcoin price again failed to gain pace for a move above the USD 20,500 resistance and corrected lower. It is currently (03:52 UTC) consolidating near USD 20,100 and is down almost 2% in a day and 6% in a week. Similarly, most major altcoins are also moving lower. ETH failed above USD 1,600 and corrected…
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The number one attribute to succeed in the crypto industry is a “start-up mentality” and the ability to “roll with the punches,” a crypto recruiter tells Cointelegraph. The ongoing crypto winter has seen budgets and jobs slashed, but the search for top-tier talent hasn’t stopped across several Web3 verticals, according to some crypto recruitment firms.…
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After first raising concerns about the wallet, Michael Benko noted he was pleased to finally get an official answer about the mysterious whale wallet. After much speculation, the wallet hodling more than 22 billion of Axie Infinity’s total supply of in-game token Smooth Love Potion (SLP) has been identified as an address belonging to Binance.…
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