Month: February 2022

Court victory precedent: IRS may not tax staking rewards until sold

February 3, 2022

The Nashville couple’s case against the IRS compared unclaimed and unsold crypto rewards to an unsold book from a writer,...

China Designates 15 National Pilot Zones and 164 Entities for Blockchain Projects

February 3, 2022 0

The Chinese government has established 15 pilot zones and 164 entities for blockchain projects. “Projects will be carried out in...

Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax

February 3, 2022 0

Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot...

Fidelity Discusses Future of Crypto Ecosystem — Says Bitcoin Is ‘a Superior Form of Money’

February 3, 2022 0

Fidelity Digital Assets has released a report explaining why bitcoin is a superior form of money. The report discusses the...

Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum

February 3, 2022 0

Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for *93,750 ether or...

‘Philly is ready’ for CityCoins says city council

February 2, 2022

The Philadelphia city government is enthusiastic about exploring a partnership with CityCoins to help boost its treasury with cryptocurrency. Philadelphia...

Aussie billionaire sues Facebook over crypto scams with AG’s consent

February 2, 2022

The Aussie businessman said that Facebook’s failure to remove the fraudulent ads featuring him and dozens of other high profile...

UK tax agency cracks down on rules around DeFi lending and staking

February 2, 2022

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by...

Wormhole token bridge loses $321M in largest hack so far in 2022

February 2, 2022

The token bridge between Ethereum and Solana saw 120K wETH tokens removed from the platform and distributed between the hacker’s...

Bitcoin Price Prediction: BTC/USD Targets Support at $37,000 Level

February 2, 2022

Bitcoin Price Prediction – February 2 The Bitcoin price prediction resumes the decline after touching the daily high at $38,888,...

FTX Enters Japanese Crypto Market With Acquisition of Regulated Crypto Exchange

February 2, 2022 0

Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect...