The U.S. Internal Revenue Service (IRS) recently proposed a rule that aims to establish clear tax payment procedures and precise definitions for cryptocurrency brokers and their clients. While the IRS’s intention is to increase transparency in the cryptocurrency industry and generate more tax revenue, Coinbase, the largest cryptocurrency exchange, strongly disagrees with this proposal. In
Blockchain
The Open Network Foundation (TON Foundation) recently made an exciting announcement of its participation in a Guinness World Records-approved competition. This competition aims to establish the TON blockchain as the “world’s fastest blockchain.” Scheduled for October 31, 2023, at 15:00 UTC, the public network performance test will rigorously assess the blockchain network’s reliability, scalability, and
The world of cryptocurrencies is an ever-evolving landscape, with various contenders vying for the top spot. Among these, Bitcoin has managed to maintain its position as the most appealing cryptocurrency according to a recent research study conducted by K33. This article delves into the reasons behind Bitcoin’s dominance and the potential underperformance of Ethereum in
Circle, the stablecoin issuer, has recently announced its plans to expand the minting of USD Coin (USDC) directly on the Polygon network. This move aims to enhance accessibility and efficiency for users and developers utilizing the Ethereum layer-2 scaling solution. Improving Accessibility with USDC on Polygon Stablecoins have gained significant popularity in the cryptocurrency world
In response to the increasing adoption of cryptocurrencies, Hong Kong is considering measures to restrict retail stablecoin trading for individual investors. Retail stablecoin trading is currently not permitted in Hong Kong, but as the popularity of stablecoins such as Tether (USDT) and USD Coin (USDC) grows, it has become necessary for the city to establish
The recent surge in ether (ETH) staking on the Ethereum network has raised concerns about centralization and its impact on overall staking yields. While initiatives like Lido’s decentralized liquid staking platform were seen as alternatives to centralized exchanges’ platforms, the growing centralization of Ethereum poses risks to the network’s security and decentralization ethos. Lido has
The South Korean gaming company Netmarble has achieved a significant milestone in the blockchain gaming industry. Its subsidiary, MarbleX, is preparing to list its coin, MBX, on the Japanese cryptocurrency exchange Zaif. This marks the first time a token issued by a South Korean gaming firm has gained listing in Japan, signifying a major breakthrough
In recent years, Japan has emerged as a formidable force in the crypto and Web3 industry, leaving South Korea concerned about its own standing in the global market. Japanese government policies aimed at fostering the growth of the sector have the potential to transform Tokyo into a “crypto and Web3 El Dorado,” according to South
The crypto market in East Asia has faced significant challenges due to the China-wide ban on crypto trading activities since 2019. Despite being ranked as the fifth most active crypto market globally, the region has experienced a decline in activity over the past few years. However, Hong Kong’s recent adoption of crypto-friendly policies and initiatives
In the world of cryptocurrency, finding reliable and profitable trading signals is a constant challenge. However, a free-to-join group on the messaging app Telegram called Crypto Whale Pumps seems to have cracked the code. Crypto Whale Pumps has been experiencing impressive growth, attracting more and more crypto investors due to its track record of delivering