Airdrop

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Cryptocurrency Airdrops and Giveaways: What They Are and What’s Next

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There are a number of ways people can obtain cryptocurrencies and one of them is through airdrops, a type of distribution where creators send free coins to numerous crypto wallet addresses in order to drive adoption. Airdrops have been leveraged for years and token distributors believe that it’s a great way to disburse coins fairly … Read more

Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents

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The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets hard all around the world. … Read more

Are the KICK Tokens Part of a Data Harvesting Ploy?

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A lot of Ethereum users have tokens they hardly ever look at. Most of these offerings are random airdrops, yet the KICK tokens are suddenly rising in value. So much even that some people’s holdings have surpassed $200. The KICK Token Mystery As no one knows what this token is about or what to do … Read more

4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure

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Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many … Read more

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens

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The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0.5 PTR ($30) next week to eligible citizens who register with the … Read more

The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops

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The IRS is still uncertain as to how they will treat cryptocurrency airdrops. Additionally, the agency clarified how users can’t defer taxes on transactions occurring before 2018.  It is promising to see the IRS focus on cryptocurrencies in this day and age. Bringing them into the mainstream adds more legitimacy to Bitcoin and altcoins.  The … Read more