Crypto Industry

Trader Joe Raises $5M for DeFi on Avalanche

Source Node: https://beincrypto.com/trader-joe-raises-5m-defi-avalanche/
Time Stamp: September 3, 2021 2:01 AM - Modified On: September 3, 2021 - Published By:
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Avalanche-based decentralized finance (DeFi) platform Trader Joe has become the latest to secure a round of funding from venture capital giants.Sponsored Sponsored In an announcement on Sept 2, the DeFi trading platform revealed that it raised $5 million in a strategic sale led by Defiance Capital, GBV Capital, and Mechanism Capital. Several other venture capital firms, angel investors, and industry leaders including Three Arrows Capital, Coin98 Ventures, Delphi Digital, Avalanche Foundation, and Aave founder Stani Kulechov, also contributed. Trader Joe plans to expand its team with the cash injection and

Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally

Source Node: https://www.newsbtc.com/news/ethereum/ethereum-issue-drops-below-bitcoin/
Time Stamp: August 28, 2021 2:00 PM - Modified On: August 28, 2021 - Published By:
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Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on the 24-hour chart. Source: ETHUSD Tradingview After the implementation of EIP-1559, Ethereum’s native token became a deflationary asset due to the change in its fee mechanism. To validate transactions on the network a portion of ETH is “burn”, meaning

Axie Infinity Maker Reminds Players to Pay Taxes

Source Node: https://thedefiant.io/axie-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=axie-taxes
Time Stamp: August 27, 2021 3:35 PM - Modified On: August 27, 2021 - Published By:
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Axie Infinity, the gigantically popular play-to-earn game in the style of Pokemon, is helping gamers supplement their incomes and even make a living. Now the maker of the game and regulators are reminding users internet money will not free them from the tax man.  That seems to be the message behind a tweet from Sky Mavis, the company that makes the Axie universe, in which it wrote, “Sky Mavis encourages Axie community members to abide by the laws of their home countries.”The comment was posted shortly after a report in the

Ethereum EIP-1559 Upgrade Adopted 34x Faster than Bitcoin Segwit

Source Node: https://beincrypto.com/ethereum-eip-1559-upgrade-adopted-34x-faster-bitcoins-segwit/
Time Stamp: August 27, 2021 2:11 AM - Modified On: August 27, 2021 - Published By:
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The adoption of the latest Ethereum upgrade appears to have outpaced that of Bitcoin’s Segwit by multiple factors.Sponsored Sponsored It has been a little over three weeks since Ethereum’s London upgrade was deployed on Aug 5. In that short time, it has seen rapid adoption according to Yearn Finance developer “banteg.” In a tweet on Aug 27, the developer stated that Bitcoin’s SegWit upgrade went live four years ago on Aug 25, 2017, adding that it is currently used for about 80% of BTC transactions.Sponsored Sponsored He compared that to

Mark Cuban Gives Crypto-Friendly Warning as Bitcoin Climbs

Source Node: https://beincrypto.com/mark-cuban-gives-crypto-friendly-warning-as-bitcoin-climbs/
Time Stamp: August 11, 2021 12:23 PM - Modified On: August 11, 2021 - Published By:
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Billionaire investor Mark Cuban issued a warning to crypto investors, as bitcoin prices continue a steady climb. Sponsored Sponsored The crypto space is heated. Investors are on edge as Bitcoin continues to steadily climb towards $50,000. However, the price incline comes at a time when the entire crypto industry could be facing a new reality with the new bill from the Senate.  The original syntax of the bill grouped virtually all participants in the space into the same tax and reporting bracket. If the wording remained as it originally appeared, even

Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill

Source Node: https://cryptoslate.com/ted-cruz-says-crypto-got-screwed-after-senate-votes-on-infrastructure-bill/
Time Stamp: August 10, 2021 1:00 PM - Modified On: August 10, 2021 - Published By:
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In an occurrence with effects yet to be fully determined, US democrats have objected to moves to make further amendments to the crypto tax provision in the infrastructure bill. Senator Cruz reflects on crypto bill provisionTed Cruz, the lawmaker representing Texas at the United States Senate, revealed this in a tweet on Monday. “Crypto got screwed tonight,”he wrote, noting that the disagreement over the issue of spending took a partisan dimension with Democrats voting against its change.🚨Crypto got screwed tonight.🚨There’s a partisan disagreement on spending, so Dems objected to ALL further amendments.That

Cardano Founder Charles Hoskinson Calls For Mass Rally Against U.S. Crypto Taxation Bill

Source Node: https://cryptopotato.com/cardano-founder-charles-hoskinson-calls-for-mass-rally-against-u-s-crypto-taxation-bill/
Time Stamp: August 10, 2021 11:35 AM - Modified On: August 10, 2021 - Published By:
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Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances against the bill. This would be a bid to convince the country’s senators to amend the Internal Revenue Services (IRS) reporting rules for cryptocurrencies. “I think it’s about time we get a rally going in

Switzerland blockchain company bitcci set to become a leading stakeholder in the blockchain industry

Source Node: https://bitcoinerx.com/blockchain/switzerland-blockchain-company-bitcci-set-to-become-a-leading-stakeholder-in-the-blockchain-industry/
Time Stamp: August 10, 2021 11:11 AM - Modified On: August 10, 2021 - Published By:
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The blockchain industry has grown into a multi-billion dollar industry with hundreds of companies offering different services. The success of these companies has been based on building innovative products in different sectors.  Switzerland blockchain company bitcci is set to become a leading player in the crypto industry with its innovations within the escort industry. A complete ecosystem  bitcci is a blockchain company launched in 2017 by Christoph Elbert and consists of a group of public stock companies. Since its launch, bitcci has developed an ecosystem that promotes transparency, innovation, and

Africa’s Leading NFT Project to Launch NFT Marketplace with Maiden NFT. AFRO X NFT Artdrop and Super AMA Session via Binance Africa.

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Time Stamp: August 9, 2021 1:55 PM - Modified On: August 9, 2021 - Published By:
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This is one of the most exciting news in the crypto industry, especially for the ever-expanding African crypto space.  Last week, AFEN announced the release date for the long-anticipated NFT marketplace. The launch date is scheduled for the 20th of August 2020. Once launched, the AFEN NFT marketplace is set to become one of the few African projects to move from idea to actual product with tremendous impact. AFEN NFT marketplace will also move to compete with top ranking NFT marketplaces such as open sea, Rarible, and Foundation with AFEN

Tempus Unveils ETH 2.0 Fixed Rate Staking

Source Node: https://beincrypto.com/tempus-unveils-eth-2-0-fixed-rate-staking/
Time Stamp: August 5, 2021 7:22 AM - Modified On: August 5, 2021 - Published By:
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Decentralized finance (DeFi) platform Tempus has announced a new staking method for Ethereum 2.0 which enables users to access a fixed-rate yield.Sponsored Sponsored In a blog post on Aug 4, Tempus founder David Garai explained that users can optimize their existing exposure to variable ETH 2.0 staking yields including the ability to get a fixed yield. Tempus is an open-source protocol that allows users to optimize their existing exposure to variable yield to better match their risk profile. It completed a $1.9 million seed round in mid-July.Sponsored Sponsored Fixed yields

Could a Digital Dollar Bolster the US Economy?

Source Node: https://beincrypto.com/digital-dollar-bolster-economy/
Time Stamp: August 3, 2021 8:03 AM - Modified On: August 3, 2021 - Published By:
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Economies all around the world are facing roadblocks in the form of escalating national debts and threats of inflation, but a digital dollar may be a saving grace for the U.S.Sponsored Sponsored Macroeconomics expert and Soundwise founder, Natasha Che, has postulated why a Federal Reserve-issued digital USD token could change the fate of America. In a lengthy tweet on Aug 3, the author stated that the U.S.’s largest export is its currency, the dollar. It’s currently the biggest money network in the world, used for 40-50% of global trade settlement

Singapore Regulator Allows Crypto Exchange to Offer Digital Payment Token Services

Source Node: https://beincrypto.com/singapore-regulator-crypto-exchange-digital-payment-token-services/
Time Stamp: August 3, 2021 5:56 AM - Modified On: August 3, 2021 - Published By:
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Singapore has taken another step towards securing its position as the region’s fintech hub with the in-principal regulatory approval of digital token payment services for a crypto exchange.Sponsored Sponsored The Monetary Authority of Singapore (MAS) has granted an “in-principle approval” to cryptocurrency exchange Independent Reserve allowing it to operate as a regulated provider for digital payment token services. Singaporean financial regulators classify digital payment tokens as any “cryptographically-secured digital representation of value that is used or intended to be used as a medium of exchange.”Sponsored Sponsored According to Bloomberg, it