The crypto community has largely lauded PayPal’s newly announced stablecoin asserting that it will be a good thing for the broader industry. Furthermore, since it is being launched on Ethereum, it reinforces the premise that […]
The US Internal Revenue Service (IRS) has released new guidelines regarding the taxation of cryptocurrency rewards received by taxpayers who stake cryptocurrencies. The guidelines aim to provide clarity on whether taxpayers should include the value […]
The US Securities and Exchange Commission (SEC) must answer ARK Invest’s Bitcoin spot exchange-traded fund (ETF) application by Aug. 13. The agency must rule on the first of several applications through which Wall Street incumbents […]
The central bank of Singapore has announced it will be investing approximately $112 million to invest in technological innovation in finance. Those resources will include funding for Web3 solutions. On Monday, the Monetary Authority of […]
The Litecoin price has failed to rebound since the 12% retracement triggered by the latest Halving event on Aug 2. Facing the risk of costs outpacing the value of their block rewards, Litecoin miners have […]
After a brief rebound last week, another 5% price correction has seen Decentraland (MANA) price retest $0.35 on Monday Aug 7. With Yield Guild Game’s (YGG) climbing 350% and entering a new gear, it appears […]
Hedge fund billionaire Dan Loeb, chief executive of Third Point, underlined an emerging trend in traditional markets that tops fundamental analysis. The renowned investor expressed his concerns over the rising dominance of retail traders in […]
Steadefi, a popular yield aggregator, has been the target of an exploit, and all the funds it handles are at risk, according to a tweet it sent out at 2:33 p.m. on Monday. The decentrazlied […]
A hack of CoinsPaid, the world’s largest crypto payments provider, was the result of six months of stealthy moves by the Lazarus Group, according to a detailed report on the incident. CoinsPaid, like other crypto […]
The Securities and Exchange Commission (SEC) has announced an enforcement action against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida. The regulator claims that the respondendent failed to act on […]
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