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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Mar / 27
- NFTs: A Digital Wild West with Uncertain Tax Frontier
- Mar 27, 2024 at 03:05 am
- Non-fungible tokens (NFTs) have attracted significant attention in the investment world, with sales reaching $26.3 billion in 2022. However, the Internal Revenue Service (IRS) has yet to provide clear guidance on NFT taxation, creating uncertainty for investors and creators. This article outlines six key tax issues related to NFTs, including the timing of tax liability, the potential impact of crypto transactions, the taxation of royalties and income, the treatment of NFTs received as gifts, the absence of tax statements, and the potential for sales taxes.
- Shiba Inu Eyes Down Under: Listed on Bitcoin.com.au
- Mar 27, 2024 at 03:05 am
- Shiba Inu (SHIB) has secured a listing on Bitcoin.com.au, a leading Australian cryptocurrency exchange. This development marks a growing presence for SHIB in the mainstream crypto market, adding to its recognition in the Australian crypto community. The listing follows the addition of SHIB on CoinJar in 2021, highlighting the growing popularity of meme coins among Australian investors.
- Shipwreck Discoveries Surge, Transforming Maritime Exploration
- Mar 27, 2024 at 03:05 am
- The increasing discovery of shipwrecks is attributed to technological advancements, extensive oceanographic research, and commercial ventures. Amateurs and professionals alike are utilizing accessible and affordable ocean scanning technology. Additionally, climate change has exacerbated storms and erosion, revealing shipwrecks once hidden in shallow waters. Archaeologists emphasize that modern exploration is unveiling a wealth of historical and scientific insights.
- Claim Your Free Crypto: The Comprehensive Guide to the Sei $SEI Airdrop
- Mar 27, 2024 at 03:03 am
- The Sei $SEI Airdrop is a free crypto distribution event providing a comprehensive guide for claiming $SEI tokens. Airdrops are a popular method in the crypto world to promote projects and incentivize community participation. Participants can claim their share of free digital assets by meeting specific criteria set by the Sei project. This airdrop serves as a strategic move to raise awareness and engage individuals in the evolving cryptocurrency ecosystem.
- Litecoin's Bullish Surge: How Far Can It Ascend?
- Mar 27, 2024 at 03:02 am
- Litecoin's bullish surge continues as its price ascends to $94.24, marking a 3.74% increase in the past day and a 9.0% surge over the week. Despite steady volatility, the Bollinger Bands hint at possible increased fluctuations ahead for Litecoin.
- Chainlink, Avalanche, and ANZ Team Up for On-Chain Digital Asset Revolution
- Mar 27, 2024 at 03:02 am
- In a groundbreaking collaboration, Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ), and Chainlink (LINK) Labs have joined forces to explore digital asset on-chain movement and settlement. Leveraging Chainlink's Cross-Chain Interoperability Protocol (CCIP), they aim to facilitate seamless Delivery versus Payment (DvP) settlement of tokenized assets across multiple blockchains and currencies. ANZ, with its vast customer base, is testing CCIP to enable access, purchase, and settlement of digital assets through DvP.
- KuCoin Faces Regulatory Storm as DOJ Uncovers AML Failures
- Mar 27, 2024 at 03:01 am
- In a significant development, KuCoin, a major cryptocurrency platform, and its founders face legal turmoil. The US Department of Justice has charged the company and its co-founders with conspiracy to violate the Bank Secrecy Act, alleging that they failed to implement proper anti-money laundering measures. The indictment claims that this allowed KuCoin to facilitate illicit activities, receiving and sending billions in suspicious funds. The company's founders remain at large, and the revelations have triggered a sharp decline in the value of KuCoin's shares, raising concerns about its resilience and the impact on the cryptocurrency market.
- BNB Chain Emerges as Victorious Giant, Surpassing Ethereum and Solana in Trading Volume
- Mar 27, 2024 at 03:00 am
- BNB Chain Shows Its Mettle What's up with BNB Chain? It's been keeping quiet, but it's quietly beaten both Ethereum and Solana in terms of trading volume. Outpacing the Titans On March 24t...
- CCTP Powers Cross-Blockchain USDC Transfers, Bridging Blockchain Barriers
- Mar 27, 2024 at 03:00 am
- Circle, the issuer of USDC, has expanded its Cross-Chain Transfer Protocol (CCTP) to the Solana ecosystem, allowing developers to seamlessly transfer USDC tokens between Ethereum, EVM-compatible networks, and non-EVM blockchains like Cosmos and Solana, with the support of key Solana ecosystem players including Wormhole, Allbridge, and Solend Protocol.
- BNB Slides Amidst Subdued Trading
- Mar 27, 2024 at 03:00 am
- BNB's value has declined 3.11% to $577.62 in the last 24 hours, despite a 9.0% surge in the previous week. Bollinger Bands on the daily and weekly charts show increased volatility, corresponding with a 66.0% drop in trading volume and a 0.25% reduction in circulating supply, now representing 76.93% of the maximum supply.
- AI Altcoins Surge: Supercharge Your Portfolio with Bullish Tech
- Mar 27, 2024 at 03:00 am
- As the bull market emerges, five crucial AI altcoins emerge as promising investments that blend technology and finance: Fetch.AI (FET) builds smart infrastructure, SingularityNET (AGIX) democratizes AI services, InQubeta (QUBE) revolutionizes AI startup investments, Bittensor (TAO) promotes collaborative machine learning, and PAAL AI (PAAL) redefines human-digital interaction. Leading the charge, InQubeta empowers fractional investment in high-potential AI startups, breaking down barriers for ordinary investors and fostering an inclusive tech ecosystem.
- Worldcoin's Biometric Data Collection in Europe Halted by Regulatory Concerns
- Mar 27, 2024 at 03:00 am
- Is Worldcoin's Biometric Data Collection in Europe Under Fire? Worldcoin, a blockchain project known for its data-driven approach, has encountered yet another regulatory obstacle in Europe. The Na...
- Floki Unveils Ambitious Roadmap to Drive Utility and Growth
- Mar 27, 2024 at 03:00 am
- Meme coins Floki, Bonk, and NuggetRush are gaining popularity due to strong growth potential. Floki's Binance dominance and four-phase roadmap enhance its utility, while Bonk's upcoming rally indicates positive sentiment. NuggetRush's NFT-based gaming model and rising presale attract investors seeking high returns. These tokens showcase innovation and potential for substantial gains in the evolving meme coin landscape.
- Cookie3 Revolutionizes Digital Marketing, Empowers Users with True Value
- Mar 27, 2024 at 03:00 am
- Cookie3 revolutionizes the digital marketing landscape by empowering users to capture true value. With its pioneering protocol and $COOKIE utility token, it shifts $366 billion in value distribution, fostering a thriving ecosystem.
- Dogecoin Emerges as Unbanked Empowerment Enforcer, Driving Utility and Adoption
- Mar 27, 2024 at 03:00 am
- Dogecoin is set to implement a new use case, aiming to empower the unbanked. According to Timothy Stebbing, a developer for Dogecoin Foundation, Dogecoin will be used as a means of payment in regions lacking access to traditional banking systems, through the RadioDoge decentralized communication and data transmission network. By providing more affordable and efficient transactions, Dogecoin aims to enhance its utility and drive widespread adoption.