After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for investors and accountants alike in the past. While there has been progress, the United States Internal Revenue Service rules still weren’t ready for something like the Ethereum network upgrade. Nonetheless,…
New Jersey Representative Josh Gottheimer said that United States lawmakers needed to pass legislation clarifying regulators’ role over crypto or risk companies taking their business abroad. Following a roundtable discussion on Sept. 27 with Commodity Futures Trading Commission chair Rostin Behnam and many industry leaders, Gottheimer said some of the crypto bills proposed by members of the U.S. House of…
NFT marketplace OpenSea announced on Tuesday that it has expanded its offerings to include projects built on Ethereum layer-2 scaling solution Optimism. Optimism joins five other existing networks now supported by the marketplace: Ethereum, Solana, Polygon, Klatyn, and—as of last week—Arbitrum, another Ethereum scaler. OpenSea already has listings for over 100 Optimism-native NFT collections on its marketplace since launching compatibility…
The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The stock and commodity trading platforms in Moscow and St. Petersburg are working to develop this market, the high-ranking official added. Russia’s Top Exchanges Waiting for Moscow’s Green Light on Cryptocurrency…
In brief Christie’s has launched a new on-chain Ethereum NFT marketplace called Christie’s 3.0. The auction house previously hosted notable NFT auctions, including the $69.3 million sale of artwork from Beeple. Christie’s has already made a big splash in the NFT space, most notably auctioning Beeple’s “Everydays: The First 5,000 Days” artwork for $69.3 million in March 2021. The storied…
This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher. Bitcoin is designed to be a permissionless, censorship-resistant financial tool, and miners are supposed to be one of several groups that support this functionality. Yet transaction censorship attempts by mining is becoming an increasingly important discussion topic as the mining industry landscape has dramatically changed in…
Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100. Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday gains as it slipped back…
The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only and Robinhood is rolling out the beta version of the Web3 wallet to 10,000 clients on the company’s…
Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The changes will bring Japan up-to-date with Financial Action Task Force (FATF) recommendations. An amendment to the Act on Prevention of Transfer of Criminal Proceeds will be introduced in the National Diet on Oct. 3…
Bitcoin payments company Strike has raised $80 million in a Series B funding round. Venture capital firm Ten31, which focuses on Bitcoin companies, led the round but Washington University in St. Louis, and the University of Wyoming, also took part, according to a Tuesday announcement. The cash will be used to grow Stike’s partnerships with merchants. Strike uses the Lightning…
