Bitcoin SV (BSV) emerged following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which had in turn forked from the BTC blockchain a year earlier. The goal of Bitcoin SV is to recognize Satoshi Nakamoto’s original vision for the Bitcoin protocol and design, as described in his white paper, early Bitcoin client software, and known Satoshi writings. BSV aims to provide scalability … Continue reading What Is Bitcoin SV (BSV)?
Since the news of FTX’s collapse affected the cryptocurrency ecosystem, the total value blocked (TVL) on the Solana network has dropped by 32.4% in the last 24 hours. According to DefiLlama, Solana’s TVL has dropped to USD 423.68 million, 32.4% lower in the last 24 hours, and is still a long way from its all-time high (ATH) of $ 10.17 billion on November 9, 2021. … Continue reading Solana TVL drops 32.4% as FTX turbulence shakes the ecosystem
The cryptocurrency exchange FTX Group, which has about 130 affiliated companies, announced on Friday that it has filed for voluntary Chapter 11 bankruptcy. FTX Trading Ltd., doing business as FTX.com, West Realm Shires Services, Inc., and Alameda Research Ltd. have all declared bankruptcy. According to FTX Group, CEO Sam Bankman-Fried has resigned and has been replaced by John J. Ray III. Bankman-Fried and “many employees” … Continue reading The cryptocurrency exchange FTX Group declares bankruptcy
The authority changed the draft instructions for tax form 1040 in 2022 to include non-fungible tokens (NFTs) and stablecoins, replacing the term “virtual currency” with “digital assets.” The IRS defined digital assets as “any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology” in the recently released draft of the individual income tax return. Non-fungible tokens (NFTs) … Continue reading ALL CRYPTO TRANSACTIONS, INCLUDING NFTS AND STABLECOINS, WILL BE TAXED BY THE US
BNB Chain is launching the European Innovation Incubator, a three-week virtual program for innovative Web3 startups from across Europe to build and scale dApps, paving the way for a decentralized future. What is the European Innovation Incubator? Through esteemed partners and community experts, the European Innovation Incubator will provide long-term support to startups by providing leading Web3 resources and training. Hands-on sessions and mentorship on … Continue reading BNB Chain is launching the European Innovation Incubator
The U.k government has proposed new legal measures to regulate crypto ads and prohibit unauthorized crypto providers from offering services. Minister Andrew Griffith’s amendments to his own bill on Friday were welcomed by an industry that had called for existing proposals to go beyond stablecoins, which are payments-focused cryptoassets that seek to maintain value in relation to fiat currencies. According to an explanatory note tabled … Continue reading The United Kingdom seeks to recognize cryptocurrency as a regulated industry.
Bitcoin becoming less volatile than stocks may appear to be a good thing. However, crypto traders warn that in a low-volume environment, this may not be a good thing. Bitcoin’s (BTC) 30-day realized volatility has dropped dramatically in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. According to Coin Metrics data, realized volatility has dropped to nearly 52% from … Continue reading Bitcoin becoming less volatile than stocks
Ripple, an enterprise blockchain and crypto solutions company, launched the Ripple Creator Fund in September 2021, a $250 million initiative dedicated to providing creators with the financial, creative, and technical support needed to create nonfungible tokens (NFTs) and other tokenization projects on the XRP Ledger. On October 18, Ripple revealed the second group of creators who would be receiving money from Ripple’s Creator Fund for … Continue reading Ripple’s $250 million fund supports Web3 projects in the entertainment and media
On Tuesday, an anonymous user sent a slew of Tornado Cash transactions to high-profile Ethereum addresses in what appears to be a troll attempt to implicate them in a potential regulatory mess.According to Etherscan, wallets affected include those controlled by Coinbase CEO Brian Armstrong, TV host Jimmy Fallon, clothing brand Puma, and a wallet created for donations to Ukraine. Ethereum was distributed to prominent crypto … Continue reading An anonymous crypto user sent small amounts of ether to celebrities.
Terra’s UST stablecoin fell way off its peg, causing a 60% drop in LUNA. Terra’s price has dropped 43.6 % in the last 24 hours. This comes as TerraUSD (CRYPTO: UST), Terra’s stablecoin, has dropped to $0.93, a 7 % drop from its peg in the last 24 hours. At the time of writing, Terra has plummeted below $14 for the first time in six months, … Continue reading Luna Foundation Plan To Shore Up UST Stablecoin.