How to Pay Tax on Cryptocurrencies?

Cryptocurrency taxes are complex because they have been classified as property for federal income tax purposes. Secondly, they are classified as currency for certain state rules such as sales and capital gains taxes. In many countries, cryptocurrencies are taxable. Every country has its own set of rules, so double-check with a tax professional before deciding. […]

Core State Holdings Enters Into Crypto Partnership With GEMXX Corporation (OTC: GEMZ)

Ammolite crypto

On September 18, 2021, Core State Holdings, Corp., entered into a definitive White Label License Agreement with GEMXX Corporation (OTC: GEMZ) to develop the world’s first Ammolite-backed cryptocurrency and a PTP crypto-based Wallet. GEMXX Corporation (OTC: GEMZ) is a public traded, mine-to-market gemstone and jewelry producer with a global reach that owns mining, production, and […]

Meet Web 3.0: The Revolution of the Internet

The internet has come a long way from its primary intentions of open space to centralized internet and now, a concept of a decentralized version of the internet. However, traditional tech gatekeepers still have a grip on the digital economy.  It is up to those creating the decentralized internet to loosen that grip, especially with […]

Crypto Adoption: Turning Stablecoin Issuers to Futuristic Banks

The year 2021 has enabled the crypto industry to flex market muscles and create new trends while there is an ongoing global adoption. Amidst all these, the market hit a recent capitalization of three trillion dollars. Although this happened over a short while as the crypto market is relatively known not to have stability because […]

Cardano and Solana Creating Innovative Paths for NFT “Explosive” Growth

The association of “digital ownership” to virtually anything is experiencing a hike in adoption as the exploding tokenization of securities and valuables happens each day. Although the concept and existence of non-fungible tokens (NFTs) have been in place, they didn’t gain popularity until last year. The Q3 of 2021 came with more than $10,000,000,000 NFT […]

Security vs. Innovation: Confluence on How Crypto Adoption Can Play Out

If you have been observing the news and the industrial trends, you would agree that there won’t be a year without a new development in the cryptocurrency space. In a few years, we saw trends running from initial coin offerings (ICOs) to non-fungible tokens (NFTs). Despite the innovations taking place in the industry, crypto companies […]

The Merge: Ethereum Deflationary Mode Intensifies as the Launch Draws Nearer

Over the years, the Ethereum community has been working around the clock to successfully incorporate the proof-of-stake (PoS) mechanism on the mainnet. This is an effort to replace the proof-of-work (PoW) algorithm, which has been the foundation of this blockchain network since its inception. This realization of the incorporation is drawing nearer, and it will […]

India’s new crypto regulation bill moves to ban private digital assets

India is back at it with crypto after its government said it would introduce a new bill to regulate digital currencies in the Winter session of Parliament. A report unveiled this news on November 24, noting that this bill will effectively call for the banning of most private cryptocurrencies. However, the bill will exempt specific […]

What is DeapCoin (DEP)?

DeapCoin crypto token

For profound gamers who spend hours of their time and hard-earned resources on games and various gaming platforms, amassing wealth and conquering quests, the one question that plagues their mind is ‘If only I could be as rich in real life as I am in the game?’ Well, this can be a reality as DeapCoin […]

What is Dvision Network (DVI)?

Dvision Network crypto token

The development of Facebook metaverse has opened a box load of opportunities and startups. It is predicted that the Metaverse Industry is bound to expand further provided the growth in the NFT and VR sectors, the Global Metaverse market is projected to reach a $280 billion valuation by 2025. Division Network is one of the […]

What is Gamercoin (GHX)?

Gamercoin crypto token

Launched in November 2017, GamerHash was a concept spun up between two friends who now serve as the co-founders. Since its official public release, it has successfully gathered over 500,000 users.  GamerHash is a fully functional platform that rewards users for sharing excess computing power only when desktops or laptops are used for playing graphically-demanding […]

What is Newscrypto (NWC)?

Newscrypto crypto token

Newscrypto is a decentralized platform that was designed to make cryptocurrency trading more mainstream and to facilitate profitability for its users. The system can execute the main point of its creation by making use of a collection of comprehensive indicators, as well as a set of educational resources to ensure that all its participants, from […]

What is Pax Gold (PAXG)?

Pax Gold crypto token

The Pax Gold cryptocurrency platform is a token that has its backing in the gold reserve. The platform was created by Paxos, a profit company based in New York. According to the platform’s white paper, it was created to enable investors from all over the globe access to purchase small amounts of gold in the […]

What is The Sandbox (SAND)?

The Sandbox crypto token

The Sandbox is a blockchain-based virtual world created by Pixowl that allows users to create, build, purchase, and sell digital goods in the guise of a game. The Sandbox creates a decentralized platform for a healthy gaming community by combining the powers of decentralized autonomous organizations (DAO) with non-fungible tokens (NFTs). The Sandbox is an […]

Proof of Work VS Proof of Stake

The debate over Proof of Work vs. Proof of Stake has long divided the cryptocurrency community. The argument comes down to which consensus algorithm is more efficient, but there are several variables to consider before deciding which is better.  In this article, we look at the basics of both these consensus algorithms and understand the […]

What are KYC and AML? Why are they Relevant for Digital Assets?

Banks and other financial services providers use KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to combat fraud, money laundering, and terrorist financing. These concepts have been around for a while and initially supported banks and financial institutions.  However, with the emergence of digital assets like Bitcoin, these rules are also being applied to […]

What are Cryptocurrency Derivatives?

The crypto market is expanding rapidly, and while many people are still hesitant to enter the sector, there are several new trends in progress. Derivatives based on cryptocurrencies are one of these trends. These might be options or futures contracts on specific markets, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc. Cryptocurrency derivatives have […]

Is Solana Outgrowing Ethereum with Gas Fees and Transaction Speed?

Due to the recent industry maturity in the crypto space, the market capitalization for top cryptocurrencies keeps changing. An instance is the case of Solana (SOL), which has recorded more than 2,500 transactions every second. As a result of this, its value is making a moon ride. In over a year, Solana’s price had grown […]

Shiba Inu’s team warns the community to beware of scammers

The team behind Shiba Inu (SHIB), a meme token that seeks to kill Dogecoin (DOGE), has warned investors to beware of an ongoing SHIB-related scam. The scam alert came in the form of a tweet on November 21, noting that malicious actors have been propagating the scam on multiple social media platforms. Specifically, the fraudsters […]

What is GALA (GALA)?

GALA crypto token

The Gala Games Ecosystem’s digital utility tokens, or GALA tokens, operate on the Ethereum blockchain and adhere to the ERC-20 standard. The non-refundable utility token, in particular, is cryptographically secured and used as a medium of exchange between ecosystem participants. This means that the coin can be transferred between users and that they have complete […]