US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule

A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS),…

Continue ReadingUS Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule

Multimillion-dollar investment rounds spark rallies in Avalanche and Audius

Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO.

Continue ReadingMultimillion-dollar investment rounds spark rallies in Avalanche and Audius

OpenSea’s Head of Product Is Out Following Accusations of NFT Insider Trading

Nate Chastain, Head of Product at popular NFT marketplace OpenSea, appears to have stopped working with the company after being accused of NFT flipping using insider knowledge. Head of Product…

Continue ReadingOpenSea’s Head of Product Is Out Following Accusations of NFT Insider Trading

Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion

On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study…

Continue ReadingStudy Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion

Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Maxime Bernier – leader of the fast-growing “People’s Party” of Canada, has confirmed that he supports the Bitcoin and cryptocurrency space just a week prior to a federal election in…

Continue ReadingCanadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681…

Continue ReadingEthereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion