Industry leaders demanded greater crypto tax clarity at a recent summit organized by the IRS. These conversations are a “healthy sign” for Bitcoin and other digital assets, said one industry representative.
The event yesterday consisted of four panels: technology updates, issues for digital currency exchanges, tax return preparation, and regulatory guidance and compliance, with a host of big names.
Anthony Pompliano has dismissed the “ETH is money” narrative, arguing Bitcoin, and not Ethereum, is sound money. Is this a fair assessment?
DeFi player Synthetix reportedly suffered market manipulation attacks on its platform late last year. The incident emphasizes the need for better oracles and infrastructure around decentralized finance.
Synthetix Latest (or Earliest) DeFi Platform to Suffer ExploitAccording to a Medium blog post published Mar. 3, Ethereum-based DeFi platform Synthetix suffered targeted attacks between Nov. 30 to Dec. 26 last year.
Unstoppable Domains has announced the launch of a Google Chrome extension, bringing censorship-resistant websites to Chrome users.
Unstoppable Domains Proving… UnstoppableWith the launch of its Google Chrome extension, the blockchain domain name company is hoping to expand its reach to a mainstream audience.
Facebook’s Libra cryptocurrency may exist in a reduced capacity when it goes live later this year.
Instead, Libra will reportedly introduce support for fiat currency. Facebook will offer users digital versions of the US dollar and the Euro, according to a Mar. 3 report from the Information.
These will be available in addition to the Libra token, insiders told the website.
dYdX, a DeFi-native margin trading platform, has announced plans to introduce trading fees from Mar 10.
dYdX Introduces Trading FeesDeFi’s 6th most significant player according to DeFi Pulse offers users a protocol and an exchange.
Steem is rallying to retake control of its blockchain—just as exchanges withdraw their support of the takeover. Meanwhile, Justin Sun is trying to cover up the power grab, saying he saved the platform from “malicious hackers.”
The Coup Cover UpTron executed a hostile takeover of Steem yesterday, ousting 20 of 21 “witnesses,” community-elected representatives tasked with safeguarding the platform. Now, in a seeming attempt to cover up the coup, Justin Sun said he “defeated the hackers:”
India’s Supreme Court today backed down on a directive that effectively banned virtual currencies in the country. In place since 2018, citizens of the world’s third-largest economy had been forbidden from buying, selling, or trading cryptocurrencies like Bitcoin.
Staking on Tezos is thriving. However, fees as high as 30% are not uncommon among staking providers. Here’s how to walk away with more bread.
Much of the growth in staking is largely thanks to centralized services like Coinbase. Tezos staking on centralized exchanges has grown significantly over the past month, increasing 27% since January.
Coinbase holds more than 8% of the network stake through a balance of 58 million XTZ, making it the largest staking provider for Tezos—despite 25% fees.
One by one, identity cards and passports began flowing into a Telegram channel called “The Digileaker.” The anonymous individual posting the documents claimed to have “unrestricted” access to several thousand more records from the crypto project, Digitex.
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