TaxNodes, a platform dedicated to calculating taxes on cryptocurrency profits and facilitating Income Tax Return (ITR) filing, is taking a groundbreaking step in India. They have recently announced an initiative to provide complimentary Non-Fungible Tokens (NFTs) to all eligible customers who file their ITR for crypto gains through their platform. This move aims to express
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Bitcoin (BTC) has displayed resilience as it remains above the $30,000 support level on July 17, defying expectations of a potential drop. The lack of volatility in the BTC/USD pair over the weekend indicates a stagnant market with no significant catalysts for change in risk assets. This article delves into the current state of Bitcoin’s
Blockchain analytics firm, IntoTheBlock, has recently conducted an analysis of on-chain data revealing that nearly 29% of all circulating bitcoins have remained untouched for over five years. This significant portion of unmoved assets has sparked discussions among analysts, suggesting the possibility of lost coins within the cryptocurrency ecosystem. Bitfinex, a major cryptocurrency exchange, also reported
The cryptocurrency exchange giant, Binance, has recently announced the successful integration of the Bitcoin Lightning Network (LN) for its deposits and withdrawals activities. This move is seen as a significant step towards improving user experience and addressing scalability issues in the crypto trading world. By adopting the LN payment protocol built on Bitcoin, Binance joins
In a major breakthrough for Ethereum layer-2 scaling solutions, zkSync Era has introduced Boojum, a groundbreaking proof system based on the Scalable Transparent Argument of Knowledge (STARK). This system is poised to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge rollups (ZK-rollups). Boojum, a Rust-based cryptographic library developed by zkSync, implements
The Web3 decentralized domain space has witnessed a significant development with the recent collaboration between Unstoppable Domains and the Ethereum Name Service (ENS). This collaboration brings together two prominent platforms in the industry, enabling users to create human-readable domain names and cryptocurrency wallet addresses. The integration of Unstoppable Domains and ENS opens up a plethora
In a recent interview with Bloomberg, Brad Garlinghouse, the CEO of Ripple, has accused the U.S. Securities and Exchange Commission (SEC) of prioritizing “politics and power” rather than the creation of “sound policy.” Garlinghouse boldly stated that the SEC intentionally created confusion in the cryptocurrency market and used it as a means to assert its
Cryptocurrency has served as a breeding ground for fraudulent schemes and scams, with the Austin family being the latest culprits apprehended by authorities in the United States. This father-son duo, Brandon and Eugene “Hugh” Austin, are facing charges of operating a significant cryptocurrency fraud, accused of embezzling more than $10 million from unsuspecting investors. The
The rise of Wall Street Memes, a prominent retail investing community, has captured the attention of a million supporters across various social media platforms in 2021. This burgeoning community has rapidly emerged as a force to be reckoned with in the online investing world. Powered by their massive following, experts predict that their token, $WSM,
CLabs, the organization responsible for the development of the Celo blockchain, has recently announced plans to reintegrate with the Ethereum ecosystem. The proposal, discussed on Celo’s governance forum, outlines a transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This decision aims to enhance the experience for Celo developers and leverage Ethereum’s tooling
