Major cryptocurrency tax compliance startup TaxBit has raised $100 million as it expands into Europe. According to a March 3 blog post, TaxBit has secured the funds in Series A round led by Paradigm and Tiger Capital. Additional investors included PayPal’s venture arm, major industry...
Bitcoin is technology but gold ‘is dead,’ Mark Cuban tells Peter Schiff
Bitcoin (BTC) and Ether (ETH) are empowering but gold is “dead,” billionaire Mark Cuban has told one of cryptocurrency’s biggest naysayers. In a Twitter debate on Mar. 2, Cuban, who has become increasingly sympathetic to crypto, warned Peter Schiff that gold “will die” as a...
Cardano Google Searches at All-Time High as Retail Investors Come for ADA
Retail investors appear to have flooded the third-biggest cryptocurrency by market cap – Cardano’s ADA. Google searches have skyrocketed to new highs in the past few weeks, coinciding with the latest price record for the ADA token. Cardano Google Searches Through the Roof Google trends...
Public, private actors in Delhi trial blockchain-based solar energy trading
Tata Power DDL, a leading electricity distribution company that serves over seven million residents in North Delhi, is piloting a solar energy trading project together with Australian blockchain firm PowerLedger and the India Smart Grid Forum, or ISGF. The pilot, which runs until June, aims...
Upbit’s main banker targets 2022 IPO amid massive crypto user on-boarding
Some South Korean banks appear to be enjoying the benefits of increased crypto involvement with K bank reportedly eyeing an initial public offering in 2022. According to a report by The Korea Times on Wednesday, K bank CEO Lee Mun-whan revealed that the bank would...
Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar
The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally. There is a narrative that the price of Bitcoin often coincides with a drop in the value of the dollar. Since...
Market Watch: Bitcoin at $50K Again as Rollercoaster Continues; Cardano Still Top 3
Following another sharp price decline to $47,000, bitcoin has bounced off and trades around $50,000 once more. The altcoin market is also well in green, with Ethereum targeting $1,600 and DOT aiming for $40. Bitcoin Has $50K In Sight Again The primary cryptocurrency reacted rather...
Santiment Reveals Top 10 Ethereum Projects by Developer Activity
Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated. The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously...
SEC Nominee Gary Gensler’s Hearing: What’s Good and Bad for Bitcoin and the Crypto Industry
Gary Gensler’s statements to the U.S. Congress on March 2, 2021, were beautiful to the ears of crypto enthusiasts. Still, a small part raised red flags and contributed to the markets closing the day with a red candle just when bitcoin seemed to be recovering...
IRS clarifies reporting requirements for crypto bought with fiat
The United States Internal Revenue Service, or IRS, has updated its FAQ section on cryptocurrency to clarify investors who have only purchased crypto assets with fiat currency do not need to report their transactions under the “virtual currency” question. The first page of U.S. citizens’...