This is an opinion editorial by Prasad Prabhakaran, COO and cofounder of HexaWallet. Over time, an estimated 4 million bitcoin have been lost and are now in inaccessible wallets. It is unknown how many of those coins belonged to HODLers who died without sharing access to their wallets with anyone else. If you manage your Bitcoin keys, you must devise…
The Internal Revenue Service (IRS) has modified the crypto question asked on Form 1040, the tax form used by all U.S. taxpayers to file an annual income tax return. New Crypto Tax Question The Internal Revenue Service (IRS) published a draft of Form 1040 for the 2022 tax year last week. Form 1040 is the tax form used for filing…
Binance and Mastercard have launched a prepaid rewards card in Argentina to help people spend crypto on everyday goods in a country where the native currency suffers from one of the world’s highest levels of inflation. The card will let users buy things and pay bills with Bitcoin and other cryptocurrencies, according to a Thursday announcement by Binance, the world’s…
Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&P 500, Dow Jones, and NYSE have shed a few percentages today, while the global cryptocurrency market capitalization lost 2.5% in 24 hours, dropping to just above the $1.1 trillion range. Precious metals, on…
In brief Popular NFT project Moonbirds will switch to a CC0 license, putting its artwork in the public domain. As with other CC0 projects, it means that the artwork can be freely used, remixed, and commercialized. Moonbirds is one of 2022’s most successful NFT projects, yielding more than half a billion dollars’ worth of trading volume in a matter of…
The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives. In a report released Thursday, the TTP said that many crypto firms based in certain U.S. states have “reaped special benefits” for setting up…
For musician and visual artist Jimmy Edgar, NFTs are intangible—but that’s not a bad thing. In the music world, Edgar has worked with the likes of Vince Staples, Charli XCX, Miguel, Machinedrum, and remixed Lady Gaga’s “Babylon.” But he’s also branched out on his own with NFTs. Edgar is releasing an Ethereum NFT collection on August 11 called OXYGEN, which…
After months of price declines across cryptoassets, July 2022 brought signs of recovery. All sectors saw positive monthly returns — gaining a minimum of 8% — led by DeFi (52%) and metaverse (35%). Prices of BTC (19%) and ETH (59%) increased after three months of negative returns. Uncertainty lingered in July following several months of price declines and consolidation. The…
On August 4, the head of Coinbase Institutional, Brett Tejpaul, and the vice president of institutional product, Greg Tusar, announced that Coinbase has been selected by the financial giant Blackrock to provide the firm’s Aladdin platform access to cryptocurrencies. Blackrock Chooses Coinbase to Connect Aladdin Clients to Crypto Coinbase’s institutional arm will help the world’s largest asset manager, Blackrock (NYSE:…
Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina. In a Thursday announcement, Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and…
