The NFT market showed sparks of life in January with a sharp uptick in trading volume and total NFTs sold, but it’s not just high-value Bored Ape Yacht Club sales driving the renewed buzz. Lately, it’s also open edition mints in which artwork is selling for tiny sums, yet fueling hype thanks to gamification techniques and FOMO over potential future…
Crypto software giant ConsenSys will financially support an ongoing lawsuit challenging the IRS’ ability to tax staking rewards, the company announced Tuesday. In 2021, Joshua and Jessica Jarrett sued the IRS to recover federal income taxes levied on the Tennessee couple’s stake-generated Tezos, arguing that self-generated staking rewards could not be considered taxable income under federal law. Mid-way through the…
File transfer service giant Wetransfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. Wetransfer’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or computer. Wetransfer and Minima Partnership Aims to Bring NFT Minting to Mobile and Desktop Devices On…
Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency. Ex-Coinbase manager pleads guilty in insider trading case https://t.co/i6fG3c3wHc pic.twitter.com/zKfjqnNpzT — Reuters (@Reuters) February 7, 2023 According to a report by Reuters, the…
United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time. The eight lawmakers acknowledged previous replies to official correspondence asking about the agencies’ information gathering authority as it…
2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph reported a $125 million raise from Blockstream, a $60 million allocation to QuickNode and pair of ecosystem funds from Injective and SSV worth $150 million and $50 million,…
Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with Cointelegraph, stating that “we’ve retained virtually all of our capabilities.” According to Lubin, the cuts were implemented “mostly because of potential headwinds and potential uncertainty” and partly because of declining volume in the ConsenSys ecosystem due…
Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 notice, the United States Securities and Exchange Commission’s Office of Investor Education and Advocacy, the North American Securities Administrators Association, and Financial Industry Regulatory Authority said self-directed individual retirement accounts, or IRAs, may include…
Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao kip, called the DLak, would launch Feb. 7. According to…
According to a post on the Reddit community r/bitcoin, an old file was discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is in the output script from a transaction that took place on Jan. 5, 2017, and was mined at block height 446,713. Speculation Surrounds Purpose of 7zip File Called…
