According to a study conducted by the Swedish tax firm Divly, only 0.53% of cryptocurrency investors globally paid taxes on their trades last year. The average share of people abiding by the rules varies in different countries. For example, over 4% of Finnish investors have paid taxes, while only 0.03% of those in the Philippines...Read More
The Digital Currency Group will revamp its way of mining Bitcoin amid larger funding problems due mostly in part to another subsidiary of theirs, Genesis, going bankrupt as a result of their dealings with FTX. Freeing Up Revenue Although Genesis reached an agreement with its creditors – the crypto trading platform’s parent company, DCG, being...Read More
A 23-year-old professional with a major tech company who lost nearly Rs. 30 lakh (approx. $37,500) in the cryptocurrency market tried to commit suicide by jumping off a river bridge in Kolkata, India. A cab driver who noticed the young man on the Vidyasagar Setu (bridge) alerted the nearby police about his intentions. Borrowed to...Read More
Decentraland and The Sandbox have been dominating the headlines in the world of virtual reality and blockchain gaming, but their performance has left some investors feeling underwhelmed. As a result, many are looking for new opportunities in the rapidly evolving crypto-gaming space. One promising project that has recently emerged is DigiToads, a deflationary meme coin...Read More
Last month a crypto Twitter influencer accidentally destroyed their $129K CryptoPunk NFT. Here are some best practices to protect your NFTs from losses to technical mishaps with your crypto. “This is truly a devastating mistake for me.💔 But I did this myself, and it is no one’s fault but my own. Both the beauty and...Read More
If some angry investors had it their way, the world’s most successful tech startup founder and CEO would meanwhile lose his fortune. The cohort of people bringing “Johnson v Musk et al” in U.S. federal court, Southern District of New York, are suing him for $258 billion. Elon Musk’s attorneys wrote in a memo to...Read More
What’s more? Some have even dubbed RenQ Finance the “Cardano (ADA) Killer.” In this article, we’ll take a closer look at RenQ Finance and explore why it’s generating so much excitement. Introduction to RenQ Finance (RENQ) RenQ Finance (RENQ) is a DeFi protocol that enables seamless trading and liquidity provision for multiple chains. Its unique...Read More
Economic, financial, and business analysts have been on the lookout for an imminent recession since late 2022. The only question in a field of certainty that a mild recession is looming is where? Jamie Dimon: Bank Failures Could Lead to Recession in 2023 Will the recession emerge from a financial crisis? Will oil or some...Read More
The blockchain security resource PeckShield was the first to inform about the exploit against SushiSwap’s approval contract. According to the firm, all 1,800 ETH (worth about $3.3 million) were drained from a single user – @0xsifu. The “RouterProcessor2” contract in question is used to execute trade routing on the popular decentralized exchange. It seems the...Read More
The United States Department of Justice (DOJ) seized $112 million in cryptocurrencies previously drained through the so-called “pig butchering” scams. One particular account based in Los Angeles contained more than $66 million worth of digital assets. That type of fraud has become increasingly popular recently. An investigation assumed that many shell companies in the United...Read More
