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Blockchain

Taxation of Bitcoin, Altcoins, DeFi, and NFTs: A Comprehensive Guide

19 Sep 2023 @ 05:27
In 2014, the IRS initiated cryptocurrency taxation guidelines, marking the onset of regulatory oversight. Notably, it wasn’t until 2019 that the IRS mandated the reporting of cryptocurrency investments on income tax returns. Since 2014, a core principle has endured: cryptocurrencies and blockchain-based digital assets are considered property, not currency, for U.S. tax purposes...
 

A Guide to CertiK

16 Sep 2023 @ 00:30
Inaugurated in 2018 by distinguished professors from Columbia and Yale, CertiK stands as a trailblazer in the realm of blockchain security. Leveraging state-of-the-art Formal Verification and AI technology, the platform is dedicated to fortifying and overseeing blockchains, smart contracts, and Web3 applications. What Is CertiK? CertiK is a platform that is dedicated to ensuring the […]
 

Top Bitcoin and Crypto Reward Credit Cards for This Year (2023)

13 Sep 2023 @ 15:51
A cryptocurrency credit card usually takes the form of a conventional credit card. Also, these credit cards can be used in any part of the world where Visa, Mastercard, or Amex cards are accepted. Using a credit card comes with some attractive strings of benefits, and they’re: Users get to earn and get rewarded in […]
 

Arbitrum Community Introduces Snapshot Voting for Short-Term Incentive Program

13 Sep 2023 @ 05:21
The initiation of snapshot voting marks a pivotal moment in the evolution of Arbitrum’s ecosystem, as it introduces the ‘Short-term Incentive Program’ proposal. This program seeks to allocate a substantial 75 million ARB rewards from the DAO treasury to further fortify the already active Arbitrum protocol. Notably, the highest-voted option, which advocates the allocation of...
 

SWIFT Embraces Cryptocurrency: A New Frontier

12 Sep 2023 @ 01:21
In the 1970s, SWIFT revolutionized global payments, but its speed hasn’t kept up. International transactions still take days. Now, SWIFT is making a major move into crypto. Partnering with Chainlink, they’re experimenting with transferring tokenized assets across multiple blockchains and financial institutions. Swift is gearing up for a crypto future, aiming to create a unified...
 

Multisig Wallets: What Are They?

08 Sep 2023 @ 18:53
Multisig Wallets: What Are They?Multi-signature or multi-signature wallets are the types of wallets that make use of a state-of-the-art security mechanism and are available to crypto holders and users alike. However, because some investors do not have a clear understanding or any understanding at all of how these wallets function, they refrain from using them. […]
 

Asia's Drive for Cryptocurrency Clarity Amidst Regulatory Ambiguity in the U.S.

07 Sep 2023 @ 03:20
Asia, led by the proactive initiatives of Singapore and Hong Kong, is swiftly becoming a hub for well-defined cryptocurrency regulations. Ong Chengyi, the Head of APAC Policy at Chainalysis, emphasized the similarity in both jurisdictions’ commitment to upholding rigorous regulatory standards and fostering a conducive atmosphere for digital asset enterprises. In sharp contrast, the...
 

OKX Approaches the Last Licensing Milestone in Hong Kong for 2024

06 Sep 2023 @ 09:36
In an exclusive announcement, OKX Group’s Commercial Director, Jimmy Lai, discloses that the company stands on the brink of securing a coveted cryptocurrency license in Hong Kong. With ambitious plans in mind, OKX Group is poised to draw a substantial wave of retail investors, targeting a range of 100,000 to 200,000 individuals in Hong Kong. […]
 

Top Decentralized Finance Platforms in 2023

05 Sep 2023 @ 00:06
Welcome to the world of decentralized finance (DeFi), where financial services and tools, such as investments, lending, borrowing, trading, tokenized real estate, and insurance, are made available through decentralized websites. In contrast to traditional centralized finance, where banks and financial institutions typically act as intermediaries, DeFi operates on a peer-to-peer basis...
 

Exploring Investment Opportunities in the PayPal Stablecoin

01 Sep 2023 @ 23:29
PayPal’s entry into the world of cryptocurrencies highlights two key points. Firstly, it underscores the urgency for major financial firms to embrace the crypto revolution. By introducing its own stablecoin, PayPal now provides over 400 million users with seamless access to digital assets, enhancing their ability to invest. Unlike opting for established stablecoins like Tether […]
 
 
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