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“# Crypto staking rewards and their unfair taxation in the US ” The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they…
“# Boston Celtics basketball team joins fan token platform Socios ” Socios, the blockchain-based platform responsible for tokenizing many popular sports franchises, has said the Boston Celtics basketball team will be joining its roster. In a Wednesday announcement from the National Basketball Association, Socios said it will have a significant presence on the Celtics’ website….
“# YouTuber accused of engineering multi-million pump n dump via Uniswap ” An ex-Google tech lead and YouTuber with more than 1.1 million subscribers has been accused of engineering a multi-million dollar “pump and dump” scheme. Patrick Shyu, known pseudonymously as TechLead on YouTube, launched the Million token (MM) via Initial Dex Offering (IDO) on…
“# Grayscale adds Cardano to Digital Large Cap Fund after rebalancing ” In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding. Reflecting the growing demand for crypto investments, the fund’s portfolio was adjusted by selling existing components for…
“# NFTs make it possible for gamers to have digital property rights ” Every day, we hear of more involvement by big industry players (for example, Epic Games and Roblox) as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected digital experiences. The problem is that none of this matters until…
“# Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades ” The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol’s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs. With this partnership, Balancer joins…
“# Socios partners with Turkish soccer club union to explore digital revenue models ” The soccer world continues to seek out new revenue models amid the coronavirus pandemic, which saw the suspension of league matches in some countries, and new partnerships form to find sustainable answers in the digital space. Representing soccer clubs playing in…
“# SEC accuses XRP Army of issuing ‘false statements’ against its leadership on social media ” The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements. In a…
“# Cointelegraph launches celebrity NFT charity campaign with Binance ” Cointelegraph is delighted to announce a nonfungible token charity auction in partnership with the Rotary Foundation and the Binance cryptocurrency exchange. Binance will feature the celebrity-themed charity campaign on its newly launched NFT marketplace, aiming to generate donations supporting financial education for children and training…
“# Portuguese national football team launches fan token with Socios ” Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios. In a Thursday announcement from Socios, the platform said it will be dropping tokens for the Portugal national football team, also known as A Seleção or “The…