Since the arrival of CryptoKitties in 2017 and DeFi Summer in 2020, the industry is still grappling with how to make blockchains better, cheaper, and faster. And this is precisely where Offchain Labs’ chief strategy officer A.J. Warner and his team are setting up camp: solving the famed blockchain trilemma. The blockchain trilemma refers to the three core challenges developers…
Meta, the parent company of Facebook and Instagram, plans to release artificial intelligence (AI) chatbots with human-like personalities as it focuses on user retention efforts, according to a report from the Financial Times. On Aug. 1 the FT reported that people close to the matter said prototypes of the chatbots have been underway with the final products being able to…
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Source: https://cointelegraph.com/admin/login/index.php/news/leetswap-dex-halts-trading-amid-exploit-fears
Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way. In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent amendment to the 2024 National Defense Authorization Act (NDAA), could potentially introduce…
Crypto Twitter has been abuzz with debate after a new conspiracy theory has suggested FTX founder Sam Bankman-Fried may be secretly behind one of the most controversial new memecoins on Base. The BALD memecoin, which draws its namesake from a humorous reference to Coinbase CEO Brian Armstrong, was launched on July 30 and witnessed an incredible 289,000% gain within the…
United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority. On July 31, the Internal Revenue Service (IRS) issued Revenue Ruling 2023-14, giving clarification about how income earned from staking digital assets should be treated for taxation purposes. Excerpt from Rev. Rul.…
