NFTs, Ethereum 2.0, Crypto Trading: Tax Day Is Monday—Are You Ready? Monday, May 17, is Tax Day in the U.S., a full month later than normal for reasons related to the coronavirus pandemic. Yet even with extra time to file, some people just can’t help but wait until the last minute to familiarize themselves with
NBA Top Shot User Sues Dapper Labs, Claims NFT 'Moments' Are Securities In brief The would-be class action suit claims Dapper Labs harmed NFT buyers by failing to let them cash out in a timely manner A veteran crypto lawyer described the case as “goofy.” A Virginia woman named Jeeun Friel is suing the maker
NBA Top Shot User Sues Dapper Labs, Claims NFT 'Moments' Are Securities In brief The would-be class action suit claims Dapper Labs harmed NFT buyers by failing to let them cash out in a timely manner A veteran crypto lawyer described the case as “goofy.” A Virginia woman named Jeeun Friel is suing the maker
Argentina Orders Crypto Exchanges to Give Monthly Reports on Users In brief Argentina has taken steps in recent months to regulate the crypto industry. The moves come as the country tries to fight capital flight. Argentina is updating its regulatory framework to include more controls on financial operations related to cryptocurrencies. As a result, Argentina’s
A 'War on Rugs' Has Been Declared Against Ethereum Creator Over SHIB Transfer In brief Ethereum co-founder Vitalik Buterin incensed Shiba Inu token holders by getting rid of his holdings. The market for SHIB collapsed. Now, one group wants to collapse the market for ETH. The Telegram group War on Rugs hates rug pulls. So,
The Ultimate Beginner's Guide to Cryptocurrency Exchanges In brief Crypto exchanges are platforms for purchasing or trading cryptocurrency. Users can trade with digital currencies such as Bitcoin or Ethereum, or use more traditional fiat assets. Some of the leading crypto exchanges include Binance, Coinbase and Kraken. In the wake of the much-ballyhooed public listing of
What is Solana? A Scalable, Decentralized Network for Dapps In brief Solana is a blockchain designed to support massively scaling decentralized applications (dapps). It claims a maximum throughput of more than 50,000 TPS and block times as low as 400 ms. Decentralized applications, or dapps, are widely regarded as one of the key use cases
FTX and Circle Partner to Improve USDC Stablecoin Support In brief Cryptocurrency exchange FTX has teamed up with crypto payments company Circle to extend its stablecoin offering, adding additional support for USD Coin (USDC). USDC, jointly created by Circle and cryptocurrency exchange Coinbase, is a dollar-pegged stablecoin, valued at $1 USD at all times. Cryptocurrency
What is Proof of Stake? How it Differs From Proof of Work In brief Proof of stake is a consensus mechanism, which makes sure that only legitimate transactions get added to blocks. It works by having validators lock up their cryptocurrency to secure the network. Mining cryptocurrency is an energy-intensive business. But it doesn’t have
Square Says It Has No Plans to Change Bitcoin Buying Strategy The crypto-friendly digital payments company Square has no plans to change its investment strategy regarding Bitcoin, a company spokesperson has confirmed to Decrypt. The statement contradicts a report earlier today from Financial News, quoting from an interview with Square CFO Amrita Ahuja. “We don’t
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