Tax season is upon us, which means that it’s time to trawl through your finances and get your incomings and outgoings in order. Tax liability is a thorny area when it comes to Bitcoin and other digital assets. The truth is that Internal Revenue Service (IRS) reporting guidelines on crypto are still evolving. This, combined with the frequency with which…
sponsored March 6th sees GAIMIN enter its fifth and most exciting year: GAIMIN’s distributed data processing application which rewards users for participation in the network will be launched in April 2022. GAIMIN’s Minecraft plugin is delivering blockchain and NFT functionality to the Minecraft Metaverse. GAIMIN’s SDK for the Unreal/EPIC platform extends blockchain and NFTs to games developed on the Unreal…
The Korea Digital Asset Industry Committee comprising of leading Blockchain experts in South Korea has called for the formation of a government committee dedicated to helping and advancing digital asset businesses in the country. The group of experts gathered on Thursday to discuss various ways in which Korea could become a leading digital asset market and what role the should…
While the worldwide search interest for the keywords “metaverse” and “NFT” boomed in the last quarter of 2021, Google Trends data shows that the hype may have passed since February 2022. Google Trends shows that in the last twelve months, searches for “metaverse” gained traction within October to December 2021. However, since the beginning of 2022, the search interest continues…
As the West and America tighten their economic sanctions on Russia, concerns have emerged about how this will affect the cryptocurrency market. The country has been largely cut off from the SWIFT international payment system, and businesses in the United States and other Western nations are banned from doing business or transacting with Russian banks and the national wealth fund.…
This piece is part of a series that features interviews withBitcoin miners about their experiences setting up and scaling mining operations, as well as their views on the direction of the mining world. If you are mining Bitcoin and want to share your knowledge and story — the ups, downs and innovations – reach out to the author on Twitter…
Japan’s Financial Services Agency and the Japan Virtual and Crypto Assets Exchange Association are assessing ways to block crypto transactions on Japan’s sanctions list, according to the Japan Times. The news comes after an unnamed official spoke to the local news outlet in the wake of Russia’s invasion of Ukraine, which has sparked widespread and sweeping sanctions against the Russian…
Charles Schwab is launching a crypto economy exchange-traded fund (ETF). According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), “Schwab Crypto Economy ETF” will trade on the NYSE Arca. Charles Schwab Registers Crypto Economy ETF With SEC Charles Schwab, one of the largest financial institutions in the U.S., filed a registration statement with the U.S. Securities…
Coinbase CEO, Brian Armstrong, has said the exchange will comply with a ban on Russian users should the U.S. government impose rules to that effect. “If the U.S. government decides to impose a ban, we will of course follow those laws,” Armstrong said in a tweet. Armstrong also took the opportunity to double down on the exchange’s existing stance when…
The total market capitalization of the crypto industry has fallen by almost 4% amid Russia’s ongoing invasion of Ukraine. Bitcoin also dropped by almost 4% over the past 24 hours, falling from roughly $44,000 yesterday to $41,100 early this morning. The leading cryptocurrency has since recovered some and is currently trading at jsut over $41,600, according to data pulled from…
