Altcoin News

How to track and report crypto transactions for tax purposes

• by admin
• October 12, 2023

Crypto assets are subject to tax and must be tracked and reported to the IRS. This comprehensive tax guide contains everything you need to know. As cryptocurrencies and blockchain assets continue to grow in popularity and mainstream adoption, the United States Internal Revenue Service has taken an increasing interest in their taxation.  In the U.S., […]

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Stars Arena recovers 90% of stolen funds after offering $257K bounty

• by admin
• October 12, 2023

The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. News Web3 social media platform Stars Arena said it has recovered nearly all of the crypto stolen from an Oct. 7 exploit, minus a 10% bounty to the person responsible. In […]

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Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator

• by admin
• October 12, 2023

The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored. News Decentralized finance (DeFi) is yet to pose a meaningful risk to overall financial stability but does require monitoring, according to the European Union’s financial markets and securities regulator. On […]

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The economy is surging — which means it might be time to start buying Bitcoin

• by admin
• October 11, 2023

The economy is refusing to go down. If the trend continues, cryptocurrency prices are going to start rising — especially with Bitcoin’s halving. Opin The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against […]

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Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger

• by admin
• October 11, 2023

According to Hut 8 CEO Jaime Leverton, the newly merged mining business will have “highly diversified fiat revenue streams.” The Canadian Bitcoin BTC $27,055 mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC). Hut 8 mined 111 Bitcoin in September 2023, bringing […]

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OK Group sunsets ‘Okcoin’ for a global transition to ‘OKX’

• by admin
• October 11, 2023

Founded in 2013, Okcoin will have the same name as OK Group’s other crypto venture, OKX, formerly known as OKEx. Major cryptocurrency exchange operator OK Group continues transforming its business, rebranding its crypto ventures under the single name “OKX.” OKX president Hong Fang took to X (formerly Twitter) to announce that Okcoin will be rebranding […]

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Circle rolls out native USDC tokens on Polygon

• by admin
• October 11, 2023

Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol. News Stablecoin issuer Circle has announced it has begun minting USD Coin USDC $1.00 natively on the Ethereum layer-2 scaling protocol Polygon. USDC is accessible to users and developers without bridging the stablecoin from Ethereum to another blockchain. Circle […]

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Zimbabwe turns gold-backed digital token into payment method

• by admin
• October 10, 2023

The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023. News On Oct. 5, the gold-backed digital token under the name Zimbabwe Gold (ZiG) officially kicked off as a payment method. The […]

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FTX hacker could be using SBF trial as a smokescreen: CertiK

• by admin
• October 10, 2023

The still-unidentified FTX hackers have started ramping up their movement of stolen funds in recent weeks, potentially using media attention of the trial as a cover to hide the illicit activity. The hacker responsible for stealing over $400 million from FTX and FTX.US in November could be using the hype around Sam Bankman-Fried’s fraud trial […]

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DAOs need to learn from Burning Man for mainstream adoption

• by admin
• October 10, 2023

DAOs should learn from Burning Man’s example for simplifying their missions and governance structures while keeping community members engaged. As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses.  Sure, shining examples like PleasrDAO, Uniswap DAO, Synthetix’s group of DAOs and Maker DAO exist, thriving in their respective niches. Still, none […]