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“# IRS authorized to access information on Circle’s crypto traders to nab tax cheats ” A U.S. federal court has granted authorization to the Internal Revenue Service, or IRS, to serve a John Doe summons to fintech firm Circle seeking all information on U.S. taxpayers who traded at least $20,000 worth of crypto assets on…
“# Mark Cuban owns 30% ETH because it’s ‘closest to a true currency’ ” Billionaire Mark Cuban believes Ethereum is the closest thing we have to being a true currency and views Bitcoin as a better alternative to gold. The Shark Tank and Dallas Mavericks co-owner made the comments as a guest on a recent…
“# Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention ” Distributed storage network project Filecoin is the talk of the town as FIL was the most highly traded token on Huobi, OKEx and Gate on Thursday. These three exchanges have a predominantly Chinese user base and represent a…
“# Filecoin market cap hits $450B after FIL price rallies above $230 ” The fully diluted valuation of Filecoin (FIL), a digital payment and cryptocurrency system built on top of the InterPlanetary File System (IPFS), has reached $450 billion. Filecoin is a blockchain that enables users to rent unused hard drive space to store and…
“# Altcoins move to new all-time highs while Bitcoin struggles below $60K ” According to data from, Bitcoin’s (BTC) Q1 2021 performance was the best since 2013. With strong tailwinds, Bitcoin now enters Q2 which historically has been a good period for BTC price. Data shows that BTC has only closed Q2 in the red…
“# Coinbase Ventures backing DeFi in the Polkadot ecosystem ” Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem. The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host…
“# Morgan Stanley adds Bitcoin exposure to 12 investment funds ” United States investment bank Morgan Stanley has updated the prospectus of several institutional funds to reflect potential exposure to Bitcoin (BTC) through Grayscale and cash-settled futures, highlighting once again the rapid uptake of digital assets by major investment firms. In a March 31 filing…
“# Nervos Network (CKB) gains 341% as DeFi and layer-2 development progress ” The crypto market continues to search for scaling solutions as decentralized finance (DeFi) applications struggle with surging fees, but some alternative solutions are piquing investors’ interest. For example, Nervos Network has enticed investors’ appetites with a 341% rally in a month. The…
“# Total crypto market capitalization posts new all-time high above $1.9T ” Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just unde $2 trillion. The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko…
“# NFT investment vehicle set to go public in London ” A non-fungible token investment firm is gearing up to raise 10 million pounds ($13.7 million) by listing on the Aquis Stock Exchange Global Market, reports Reuters. Dubbed NFT Investments, the firm was launched by the co-founders of crypto mining company Argo Blockchain. Described as…