Bookmarking Crypto Insights
JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s action “causes a slightly deeper recession for a period of time” then “that is the price we have to pay.” JPMorgan Chase President on … Read more
Ethereum became deflationary after its September Merge. But for now, it’s not going to make much of a difference. Go to Source Powered by WPeMatico
The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New IRS Instructions for Tax Form 1040 The Internal Revenue Service (IRS) released its 2022 draft … Read more
Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said. Go to Source Powered by WPeMatico
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users to interact in several activities. Industrial usage will also be … Read more
Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks and emerging economies continue to grow. Go to Source Powered by WPeMatico
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due … Read more
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what Coinshare describes as an “apathetic period.” Go to Source Powered by WPeMatico
Meanwhile, the minting volume of nonfungible tokens have been declining steadily. Go to Source Powered by WPeMatico
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a … Read more