No company looks forward to tax season, but for Web3 businesses, preparing can be particularly difficult. Global operations subject Web3 businesses to a variety of tax regulations and compliance requirements, and many regions lack regulatory clarity. Different digital tokens may have different tax statuses, making correct classification and reporting a tremendous challenge. The complexity is further increased by having to…
Trezor has launched the Safe 3, a hardware wallet aimed at “new entrants to crypto,” alongside the new Keep Metal recovery seed storage device. We take a first look at what comes in the box. Source: https://decrypt.co/videos/explainers/IjqnO9pR/trezor-safe-3-and-trezor-keep-metal-unboxing
Collect your free pass and unlock immediate exclusive digital and physical perks and access to unique Williams Racing experiences, powered by Kraken. Kraken, the Official Crypto and Web3 Partner of Williams Racing, is excited to announce a new innovation in fan engagement and digital collectibles; Williams Racing Collectibles+ Grid Pass, powered by Kraken. The program aims to bring Williams and…
Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024. According to the October 17 announcement by Robbie Ferguson, Immutable’s co-founder, the move is to enhance Immutable’s long-term sustainability. “At a minimum, when we finally do decide…
Bitcoin mining company Sazmining has opened its newest 100% renewable energy facility in Paraguay. The company operates customer-owned Bitcoin mining rigs on their behalf, taking a 15% commission for the service. Its new facility will get power from Itaipu Dam, the country’s largest hydroelectric dam. Located on the border of Paraguay and Brazil, the structure has earned itself the Guiness…
Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency. Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a known Fantom Foundation wallet. On-chain sleuth Spreek reported the attack on X (formerly Twitter) and estimated losses at $6.7 million. Security platform…
Bitcoin (BTC) is destined to hit $128,000 or more by the end of 2025, multiple analytics models suggest. Uploading his latest BTC price estimates to X on Oct. 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000. Multiple BTC price forecasts converge on $130,000 in 2025 Bitcoin market participants are diverging over how BTC price behavior…
Cryptocurrency exchange Binance.US has updated its terms of service, hinting that direct withdrawals in the U.S. dollar are no longer supported on the platform. Binance.US updated its terms of service on Oct. 16, significantly modifying the section about the “BAM Fiat Wallet,” referring to Binance US services related to USD custody. In the updated terms, Binance.US wrote that users “may…
Russia’s largest telecommunications firm MTS claims that it will launch an advertising service targeting Russian Telegram users, while the social messaging application denies that it has any agreements in place. The company made the announcement on Oct. 17, outlining the launch of advertising services for clients targeting the audience of specific channels, categories, interests and geolocation. MTS explicitly states that…
The queue for adding new staking validators on Ethereum briefly hit zero yesterday. It’s now risen again to 996 validators, but it’s still a far cry from its peak on June 10, when over 96,500 validators faced a waiting period of over 45 days, per Beaconcha.in data. In broad strokes, the slowdown suggests a dwindling appetite for staking Ethereum. Validators…
