Author name: Peter

Grayscale, one of the largest cryptocurrency asset management firms, has addressed the issue of taxation regarding the adoption of a cash creation model in an upcoming spot bitcoin exchange-traded fund (ETF). The firm clarified that any spot Bitcoin ETF that qualifies as a grantor trust would not be at a disadvantage in relation to any […]

Embrace Year-End Tax Strategy With a Charitable Giving Twist As the year comes to a close, cryptocurrency investors have the opportunity to optimize their tax benefits while supporting worthy causes by combining tax-loss harvesting with cryptocurrency donations to charities. The Concept of Tax-Loss Harvesting in Crypto Tax-loss harvesting in the crypto realm involves selling digital

Sygnum’s Institutional Investor Survey Digital asset bank Sygnum recently conducted an institutional investor survey that reveals a significant shift in sentiment towards cryptocurrency. Over 80% of the respondents now agree that crypto plays an important role in the global financial industry, indicating a move from skepticism to advocacy. The survey, titled "Future Finance 23," was

Explosive Rise of BONK Boosts Solana Saga Phone's Market Appeal The Solana Saga phone, which had struggled to find its footing in the market, has experienced a remarkable turnaround in recent times. Units of the phone are now being sold for as much as $5,000 on Ebay, a significant increase from its discounted price earlier

The current state of bitcoin trading between $40,850 and $41,075 has investors closely examining various charts, oscillators, and moving averages to gain insight into the next moves of the leading cryptocurrency. While oscillators indicate neutrality, moving averages present a mixed picture, suggesting a critical juncture for bitcoin. Bitcoin's Trajectory On the 4-hour chart, bitcoin's trajectory

NFT Trader Platform Compromised Reports have confirmed that the NFT trading platform, NFT Trader, experienced a security breach resulting in the theft of approximately $2.85 million worth of high-value NFTs. The breach was caused by an assailant exploiting an outdated smart contract. Notably, the stolen NFTs included collectibles from the Mutant Ape Yacht Club (MAYC)

BONK Emerges as the Third-Largest Meme Coin, Overtaking PEPE In the world of cryptocurrency, the meme-inspired coin BONK (BONK) has experienced remarkable growth, surpassing pepe (PEPE) to become the third-largest meme coin in terms of market capitalization. Over the past month, BONK has seen a surge of 621% in value against the U.S. dollar, solidifying

FDUSD Market Growth and Ranking In the span of two weeks, from December 2 to December 17, 2023, the stablecoin asset known as first digital usd (FDUSD) has experienced a significant expansion. Its supply has increased by 690 million coins, resulting in a market capitalization of $1.61 billion. This surge has propelled FDUSD to become

In a recent update, Shakepay, the Canadian cryptocurrency app, has revealed that a data breach occurred, resulting in unauthorized access to the personal information of a specific group of customers. The breach was identified on December 13, 2023, but fortunately, it did not compromise any bank accounts, crypto wallets, or customer credentials. Addressing the Data

Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has denied Coinbase Global's Petition for Rulemaking, which was filed in July of last year. Coinbase sought regulatory clarity from the SEC, specifically requesting "potential rules to identify which digital assets are securities." After receiving no response from the SEC for 18