As we approach the end of the year, NFT traders are discovering an unexpected use for their seemingly worthless tokens – selling them for pennies to offset their capital gains tax. With the IRS’s criminal investigation unit showing a heightened interest in crypto cases, it’s become a prime time to unload these unwanted tokens. This…
Stani Kulechov, the mind behind Aave, has been at the forefront of the decentralized finance (DeFi) revolution. His mission? To create a financial world that’s transparent, open, and powered by blockchain tech. Aave, the decentralized lending platform he pioneered, has played a significant role in advancing DeFi and pushing blockchain into mainstream finance. Now, let’s…
In an exclusive interview with CNBC Television, Bitstamp USA CEO Bobby Zagotta has shared his insights on the future of the cryptocurrency industry. According to Zagotta, the year 2024 is poised to witness a significant uptick in institutional adoption, a development that could reshape the digital assets landscape. Zagotta emphasizes the pivotal role that institutional…
Crypto analyst Benjamin Cowen believes that Bitcoin (BTC) could be on the brink of a substantial correction, drawing insights from its historical price movements. In his latest strategy session, Cowen, followed by a substantial audience of 788,000 on YouTube, points out a key indicator – Bitcoin’s 100-week simple moving average (SMA). Cowen observes that whenever…
The cryptocurrency world is ever-changing, and in 2024, altcoins are taking center stage, overshadowing Bitcoin. Renowned voices in the crypto industry, Miles Deutscher and Michaël van de Poppe, have shared their insights on the top altcoins to watch. Miles Deutscher’s Top 5 Altcoins Miles Deutscher’s top picks encompass a diverse range of altcoins, each with…
The cryptocurrency market is buzzing with anticipation as the possibility of spot Bitcoin ETFs (exchange-traded funds) approval in early 2024 looms on the horizon. While this development might appear to be a bullish omen for Bitcoin, experts are painting a more nuanced picture. Bitcoin ETFs and the “Sell-the-News” Phenomenon CryptoQuant, a well-known analytics firm, has…
Once a dominant player in the metaverse landscape, Roblox is bracing itself for a challenging 2024, with investors expressing doubts about the company’s ability to achieve long-term profitability. Roblox, previously hailed as a metaverse hub in the world of gaming platforms, is gearing up for a tough year ahead as its financial situation continues to…
Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has shed light on the challenges hindering the adoption of eNaira, the digital currency introduced by the Central Bank of Nigeria (CBDC). According to Albert, these challenges can be traced back to a previous ban on cryptocurrencies enforced by the government. In an exclusive…
Hut 8, the Miami-based digital asset miner, has announced its role in managing mining operations for MiningCo, a new mining company given the green light by the US Bankruptcy Court for the Southern District of New York as part of Celsius Network LLC’s reorganization plan. What’s Happening Under the four-year contract, Hut 8 will be…
In an exciting development, the AIOZ Network, a leader in decentralized web3 solutions, has joined forces with the Google for Startups Cloud Program. This partnership signifies a significant step forward for the AIOZ Network as it taps into the vast resources, expertise, and global reach of Google Cloud to enhance its Decentralized Private Information Network…
