White Rock CEO: Crypto bear market offers great M&A prospects
Bear market offers fantastic chances for growth through mergers and acquisitions in the cryptocurrency mining industry. In this bear market, enterprises that have efficiently maintained their balance sheets are in excellent health, according to the CEO of a cryptocurrency mining company, and will continue to do well even if there is more turbulence to come. […]
Crypto stolen from Solana might be claimed as tax loss: Experts
Tax experts say that while U.S. investors will lose money, Australian, Canadian, and U.K. crypto investors may be able to claim hacked cryptocurrency as a tax loss. It turns out that digital assets lost during an attack or hack might theoretically be claimed as a tax loss, providing you live in the proper country, experts […]
Congress will likely determine crypto jurisdiction: Lummis staffer
If the SEC and CFTC are unable to resolve the matter, the United States Congress would decide who gets bragging rights over crypto regulation. If the conflict between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates crypto cannot be resolved internally, United States Senator Cynthia Lummis staffer […]
Uniswap Foundation’s $74 million price tag elicits mixed reactions
The Uniswap Labs community has already started deliberating a new idea that would create a Uniswap Foundation with a U.S. headquarters, but it will first cost $74 million. The idea has so far received a mixed response from the community. While many have praised the foundation’s efforts to promote and develop the Uniswap ecosystem, others […]
Vitalik: Centralized USDC could determine future of ETH hard forks
Vitalik Buterin stated that centralized stablecoins like USDC & USDT will play a big deciding role in upcoming hard forks. A centralized stablecoin like Tether (USDT) or Circle USD (USDC), according to Ethereum co-founder Vitalik Buterin, “may become a crucial decider in future contentious hard forks.” On August 3, Buterin and Illia Polosukhin, the co-founder […]