Grayscale’s ETF Plans: A Strategic Play or Regulatory Dance?
Grayscale, a heavyweight in the cryptocurrency asset management sphere, recently took a somewhat unorthodox step in its pursuit of a Bitcoin exchange-traded fund (ETF). In its latest amendment to the United States Securities Exchange Commission (SEC), Grayscale omitted a crucial component: the details of its authorized participants, who play a pivotal role in creating and […]
IRS Rules for $10K+ Crypto Transactions
The U.S. Internal Revenue Service’s (IRS) new reporting requirements for cryptocurrency transactions over $10,000, effective in 2024, present significant challenges for compliance. Stemming from the 2021 bipartisan infrastructure bill, these rules aim to tighten tax reporting in the digital asset sector. The legislation mandates that crypto brokers report comprehensive transaction details, including the sender’s personal […]
The Sei Network
The Sei Network, a trading-focused blockchain launched in August 2023, has been gaining remarkable traction in the cryptocurrency world, driven largely by its EVM compliance and innovative parallelization process. Over the past week, the network’s native SEI token has experienced a significant surge, recording over 75% gains, indicating a growing interest and confidence in its […]
Pandoshi
Pandoshi is an ambitious endeavor aimed at creating a decentralized suite of products that cater to the diverse needs of the DeFi landscape. This ecosystem encompasses a Network, a Decentralized Exchange (DEX), a Wallet, and an array of other decentralized applications. The project extends its innovative reach to decentralized Metaverses and educational platforms, thus enriching […]
NFT Market’s New Twist: Unsellable’s Penny Deals
The NFT landscape, battered by a prolonged bear market, presents a bleak picture for the majority of collections, with DappRadar’s Head of Research, Pedro Herrera, estimating that 90-95% of them won’t regain their peak values. This downturn has left many NFT holders pondering their next steps with what are now essentially “worthless” JPEGs. Enter Unsellable, […]
Crypto Anonymity Under Fire: OKX’s Delisting of Privacy Coins
Cryptocurrency exchange OKX has announced the delisting of several privacy-focused tokens, including well-known cryptocurrencies like Monero (XMR) and Dash (DASH). This decision comes amidst growing regulatory scrutiny and the implementation of Financial Action Task Force (FATF) guidelines aimed at combating money laundering and tax evasion. The delisting, set to occur in early 2024, is part […]
Coinbase Appoints New Head of Custody Services
Coinbase is making strategic changes in its leadership, particularly in its custody division, which is crucial for handling services related to the eagerly anticipated spot Bitcoin Exchange-Traded Funds (ETFs). The company recently announced a significant alteration in its custody leadership, with Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, stepping down. His successor, […]
GameFi in 2024: A Year of Opportunity and Challenge
As 2024 dawns, the GameFi sector stands on the brink of a potentially transformative era. The promise of several Triple-A (AAA) titles set to be released this year ignites speculation about GameFi’s capacity to revolutionize the traditional gaming market. Yet, despite the excitement, the road ahead is fraught with challenges and skepticism. GameFi, a blend […]