Why Crypto Paycheck May Pose Some Challenges and Cause Tax Hiccups
The recent bullish run of Bitcoin exploded the crypto market and spurred more individual interest in cryptocurrency. Its recent $60,000 price hike helped establish its potency. As a result, businesses are interested in accepting it as payment. This extends to the labor market wherein employees now demand that their payroll be processed as cryptocurrency paycheck. […]
Hacked Coinbase users bash the exchange for poor customer service
Coinbase, the largest crypto exchange in the US, has come under fire as thousands of users claim it has terrible customer service. A CNBC report disclosed this news on August 24, claiming its journalists interviewed Coinbase users in the US and got thousands of complaints. Most of the complaints revolve around Coinbase failing to address […]
How TikTok Influencer Encourages Massive Cryptocurrency Trading
Understanding the complexity of the cryptocurrency space will save you from burning your capital portfolio. While other TikTok influencers are focused on making enough from their followers, CryptoWendyO is building a community that has undoubtedly impacted them. Who Is CryptoWendyO? The TikTok Female Cryptocurrency Influencer Rochelle, popular known as CryptoWendyO to her community of hundred […]
Why Copyright Policy Is Important for Non-Fungible Token (NFTs)
The massive adoption of non-fungible tokens (NFTs) into the blockchain society is a novel means for creators to reward their creativity. However, there is a looming problem resulting from the conflict of ownership and NFT copyright. Without a solution to this, NFTs won’t reach their full potentials. NFT Explosion in 2021 The first six months […]
MicroStrategy purchases 3,907 Bitcoin after selling 230K MSTR
MicroStrategy, a business software company, has purchased an additional 3,907 Bitcoin (BTC). The firm unveiled this news through a filing with the US Securities Exchange Commission (SEC) yesterday. Through this purchase, the company’s holdings of the leading cryptocurrency have increased to 108,992 BTC. According to the filing, the company spent $177 million on BTC between […]
DeFi vs. Regulation: How Regulation Can Rip DeFi of Its Value
DeFi is making financial inclusion easier by each day. But there is a growing need to conduct this financial service in a regulated environment. This regulatory measure is to provide security for both the users and the exchange developers. But the values of DeFi can rip off due to regulation. Has Peer-to-Peer Helped? The existence […]
Visa joins the NFT bandwagon after purchasing a CryptoPunk for $150K
Financial services giant Visa has joined the non-fungible token (NFT) craze. The firm unveiled this news through a blog post on August 23, saying it bought CryptoPunk 7610, an NFT-based digital avatar, for $150,000 worth of ETH. Reportedly, the company teamed up with Anchorage Digital to complete this purchase. In the blog post, Visa’s Head […]
Solana’s Wormhole Launch Triggers a Market Rally Amid Rug Pull Concerns
Solana’s Wormhole, a bi-directional communication bridge allowing existing Ethereum based projects to move their ERC20 tokens back and forth across blockchain built on Solana was recently launched to the much excitement of the Solana community. The Solana-backed multi-blockchain connector aims to bring interoperability to the blockchain and crypto space even as the DeFi movement picks […]
UWM to start accepting mortgage payments in crypto
United Wholesale Mortgage (UWM), the second-largest mortgage lender in the US, is the latest mainstream company to embrace crypto. A report unveiled this news on August 17, referencing the company’s Q2 earnings call on August 16. Reportedly, the firm is looking to integrate crypto payments before the end of the year. According to the report, […]
Companies Increasingly Adding BTC to their Balance Sheets as Blockchain adoption soars
A report released last week by auditing firm Deloitte shows that blockchain is increasingly becoming a major pillar for businesses to stay competitive with 73% of the respondents in the report noting concerns about their firms losing a competitive advantage without blockchain adoption. What’s more, 81% of the surveyed financial services believe that blockchain technology […]
Afghans increasingly embrace Bitcoin as an economic crisis looms
Afghanistan has recorded significant Bitcoin adoption this year. A report unveiled this news, citing the Google Trend monitoring service and Chainalysis’ 2021 Global Crypto Adoption Index. Reportedly, the country began shifting to crypto after the Taliban started taking over the country earlier this year. According to the report, the Google Trends monitoring service shows that […]
Bloomberg’s Analyst Predicted Increased Tether’s Adoption Over Ethereum: Bitcoin Neared Zero Backing on Gold Standards
Bitcoin rides the bull market as compared to gold in the commodity market. Despite that other cryptocurrencies (altcoins) may not easily reverse their high prices due to increasing volatility, Bitcoin’s performance trajectory will keep improving because of its firm foundation. This foundation causes crypto expansion into more creation of decentralized exchanges and decentralized finances. Will […]
Cool Valley mayor starts initiative to give city residents up to $1K in BTC
Jason Stewart, the mayor of Cool Valley, intends to offer more than $1 million worth of BTC to the city’s roughly 1,500 residents. He unveiled these bullish plans during an August 19 interview with KSDK, a St. Louis news outlet. With this initiative set to start before the end of this year, Stewart said he […]
You Can Now Buy Tesla EV Using Dogecoin and Other Cryptocurrencies: BOTS Inc Announced
On August 16th, 2021, BOTS Inc. announced that they are now creating a platform to allow car buyers to purchase used Tesla cars with Dogecoin and other cryptocurrencies. This prompted the increasing business opportunities for merchants accepting cryptocurrencies as payments for their products and services. The increasing cryptocurrency popularity is creating a new line to […]
Facebook says it can solve the financial exclusion puzzle if regulators let it
David Marcus, the Head of Facebook’s Financial Services Division, believes that Facebook and the Novi Wallet can help address the problems that plague the financial system. He shared this information through a blog post on August 18, noting that the current payments system has multiple flaws that either side-line or underserve a large percentage of […]
Consumers’ Surge in Using Crypto to Buy Stuff: 60% Wants Crypto Payment Option
Despite the restrictions surrounding the acceptance of Bitcoin and cryptocurrencies, holders and non-holders are willing to use cryptocurrency for purchases. A survey conducted by PYMNTS.com reveals that owners, users, and non-holders prefer cryptocurrency payment to the traditional payment methods because of its privacy and untampered security features. This survey reveals that about 60-70% of individuals […]
With $69 Billion Value, ADA Becomes The Third Biggest Digital Asset
Although Cardano’s native token is a little unknown in the crypto market in terms of its popularity, ADA is now the third-biggest digital asset, with the network developers embracing to enjoy the boom in decentralized finance. With the crypto asset making more than 50 percent gains over the last week, many experts are optimistic that […]
Ethereum Network Becomes Scalable with ‘London Hard Fork’ Upgrade
Ethereum blockchain network launched ‘London Hard Fork,’ its new upgrade last Thursday, August 5th, 2021. This upgrade is programmed to change the Ether mining process on the Ethereum platform and reward the platform users than the miners. As a result of this upgrade, exchanges and other platforms announced the suspension of Ethereum deposits and withdrawal […]
Legendary Lionel Messi joins PSG, Decides To Include Fan Crypto Tokens In His Contract
As one of the world’s most famous soccer players from Argentina, Lionel Messi, ended his more than two decades of the gig with FC Barcelona, he has signed a two-year contract with the French club Paris Saint-German. Reuters reported that Messi included the PSG fan crypto tokens in his payment deal with the football club. […]
Russia Tracking Bitcoin: Deploys $200K to Build a Tool to Monitor Cryptocurrency’s Activities
The largest Russian financial body will start tracking cryptocurrency transactions after the government disbursed $200,000 for a company (RCO) to build a tool for tracing crypto activities across the nation. While the government is doing that, another court is romancing Bitcoin involvement for a citizen. RCO Creating a New Tool for Tracking Cryptocurrency The […]
