In brief The metaverse is a future evolution of the Internet based on persistent, shared virtual worlds in which people interact as 3D avatars. Blockchain technology may provide the backbone of the metaverse, with interoperable NFT assets that can be used across different metaverse spaces. If you pay attention to the tech, gaming, or crypto worlds, then you might have…
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which has been the main focus…
Bitcoin (BTC) and most major altcoins are struggling to find a bottom, indicating that traders are dumping their positions out of fear. The big question on everyone’s mind is whether the selling is over or could the decline continue? UTXO Management senior analyst Dylan LeClair highlighted that the network cost basis, the average price at which Bitcoin was last moved…
In brief Solana has seen degraded performance in recent days, including sluggish and failing transactions. Solana Labs CEO and co-founder Anatoly Yakovenko acknowledged “growing pains” as increasingly complex transactions affect the network. While the Solana network hasn’t experienced a full outage since September’s extended downtime, it hasn’t exactly been smooth sailing the last few months for the rising layer-1 blockchain. Following…
Harbor Custom Development will accept bitcoin for its real estate properties.The company said the integration would be facilitated by a third party, which would also handle an escrow arrangement.Harbor operates in Washington, California, Texas, and Florida. Real estate development company Harbor Custom Development Inc. will start accepting bitcoin as payment for its listed land, developed lots, residential homes, condominiums, and…
Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia…
In brief Coinbase’s new service will help streamline the tedious process of calculating crypto profits. The company does not plan on issuing 1099 forms. Crypto owners are already reeling from a brutal start to 2022, and now many of them face a new worry: how to calculate the tax they owe by the IRS filing deadline of April 18. For…
By Lucy Aziz, Product Manager, Coinbase Crypto taxes can be complicated. Last tax season, many customers told us they didn’t know if they owed taxes on their crypto activity, and those who did know found it manual and difficult to file. This tax season, we’re introducing a tax center so customers can understand and file their crypto taxes with more…
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” last week. The report analyzes SEC enforcement activities from July 2013 to…
Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam fiat/cryptocurrency addresses soliciting a token sale before being taken down by Youtube. According to Coin Bureau staff, they were baffled by the incident as its accounts…
