Want help with your crypto taxes? Check out The Decrypt 2023 U.S. Tax Guide. It’s free, and there’s a fun quiz at the end so you can receive a free Proof-of-Knowledge certificate in the form of an NFT. While everyone purchases investments with the belief that they will appreciate in value, no one has a perfect investing record. This is particularly…
BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi. The report, titled “Crypto Losses in Q1 2023,” investigated a variety of crypto hacks and scams in the first quarter…
LayerZero Labs has just concluded its Series B funding, raking in $120 million from a host of notable investors. This gives the interoperability protocol a whopping $3 billion valuation. Auction house Christie’s, Samsung’s next-gen investment arm, NFT platform OpenSea, Circle Ventures, and a16z’s crypto branch were just a few of the 33 different groups that participated in the latest round.…
Major Brazilian investment bank BTG Pactual continues onboarding new cryptocurrency services with the launch of its own stablecoin backed by the U.S. dollar. BTG Pactual is preparing to launch the BTG Dol, a new stablecoin pegged to USD on a 1:1 ratio, using the bank’s custody services. Announcing the news on April 4, BTG Pactual said that the stablecoin will…
Midjourney, an artificial intelligence (AI) service that generates images from natural language descriptions, recently banned the making of pictures of Chinese President Xi Jinping, much to the dismay of its users. However, this ban does not deter its users from finding a workaround to creating deepfakes—- a realistic-looking media created by AI by altering images, videos, or audio to show…
Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $28,500. Bitcoin Bitcoin (BTC) continued to trade close to a key resistance level on…
Orbs, a public blockchain infrastructure designed for mass usage applications and close integration, has announced the release of the single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain. In the TON blockchain network, validators can use the single nominator, which provides an isolated cold wallet for securing their validation process. This feature is…
Franklin, which provides tax-compliant hybrid crypto and cash payroll services to startups and businesses, has raised a $2.9 million seed funding round led by venture capital firms gumi Cryptos Capital (gCC) and CMT Digital. Other investors include Arca, Sfermion, Portage Ventures, and Synergis Capital. Franklin’s payroll software is designed for small to mid-size businesses that want to be able to…
Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol — a Shiba Inu dog featured…
The Zambian kwacha, one of the best-performing currencies in 2022, is now expected to see its first quarterly decline in nearly two years. The Zambian leader Hakainde Hichilema claimed that stalled debt restructuring negotiations are adding to pressure against the local currency. Zambia’s Debt Default After ending 2022 as one of Africa’s best-performing currencies, the Zambian kwacha depreciated from 18…
