Despite market crash, investors keep flocking to crypto startups
While the crypto market started the year poorly, with the industry losing over $300 billion of its value due to the fall in the price of Bitcoin and other assets…
The dark side of the NFT market
As new and exciting use cases for NFTs emerged, so did their potential for abuse, revealed a recent report by Chainalysis. The blockchain research and analysis company investigated two forms…
Solana is getting a new incentive rewards mechanism
Step Finance, a Solana-based DeFi protocol, announced today that it’s launching a new kind of incentive mechanism for its users called Reward Options. The incentive will be distributed to Step…
Jack Dorsey tells Mark Zuckerberg he should have built around Bitcoin
Jack Dorsey, the CEO of Block Inc, formerly Square Inc, tells Mark Zuckerberg he should have focussed his efforts on Bitcoin instead. Dorsey was referring to Zuckerberg’s failed Diem project,…
On-chain metrics suggest Cardano is due a reversal of fortunes
San Francisco-based exchange Kraken published a report showing “exponential growth” on Cardano for almost every adoption metric listed. “we see Cardano underwent exponential growth in nearly every adoption metric listed,…
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should…
Report: Bitcoin mining carbon emissions contribute nearly 0.08% globally
The new CoinShares report underlines the network’s recent carbon emissions, which amount to nearly 0.08% globally, are insignificant numbers compared to emissions released by other industries and domains. CoinShares’ report…
