The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices. Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross. With crypto tokens, wash sale rules don’t apply, meaning that you can sell your bitcoin and buy it right back, whereas with a stock, you would have to wait 30 days to buy it back. This nuance in the tax code is absolutely huge for crypto holders […]
Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Iron Mike Asks His Fans: ‘Which do you prefer, Bitcoin or Ethereum?’ The former professional boxer, otherwise known as “Kid Dynamite” and “Iron Mike,” tweeted about bitcoin and ethereum on Saturday and asked his followers which crypto asset they preferred. Tyson is […]
The Bank of Israel IT division has set up digital wallets into which team members of the venture can transfer “imaginary digital shekels” to each other. This content was originally published here.
Arjun Kalsy was skeptical. He’d just received a LinkedIn message from someone named “Gajesh Naik”—a crypto developer looking for guidance on a new project. This in itself wasn’t necessarily suspect. As vice president of growth for the fast-rising Indian crypto company Polygon, Kalsy is used to working with coders across the world. Naik stood out, though, in part because he claimed to be 13 years old. “I was 100% sure this guy was a scammer,” Kalsy told Decrypt, “Like, no way. Really? 13 years old? He’s probably some big hairy dude.” This was about a month ago—and at first, Kalsy […]
One day you’re on top of the world, making headlines for your upcoming appearance on SNL. Not long after, you’re the laughing stock of the internet. That’s the curse of Dogecoin, which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, have been tumbled in value over the past week. Dogecoin, for instance, dropped more than 30%, to under 20 cents. That’s a huge fall from its stratospheric high of 70 cents back in April. Bitcoin slumped to around $29,500, a fall of more than 10%, while Ethereum has crumbled 15%. Ether’s fall has affected thousands of altcoins, most […]
Loopring said that meme cryptocurrency Dogecoin (DOGE) is now available on Ethereum Layer-2 via renDOGE (RENDOGE), noting that the move is in line with Ethereum (ETH) co-creator Vitalik Buterin’s suggestion. What Happened: Loopring, an Ethereum Layer-2 scaling protocol, said on Twitter that deposits are now open for liquidity provider tokens for the renDOGE-Ethereum pair. Vitalik speaks + we deliver#Dogecoin now available (gas-free) on #Ethereum Layer-2 with the help of @renprotocol + renDoge 🚀 Deposits are now open for LP’s for renDoge / ETH pair — Loopring (@loopringorg) June 14, 2021 Ethereum’s Layer 1 can handle about 15 transactions per second, […]
What you need to know about investing in ether beyond its price and market cap This content was originally published here.
This week, I pull back the curtains on how miners are preparing for Ethereum’s forthcoming fee market change, EIP 1559. Also, I explain the hidden lesson behind the rare cases of Ethereum 2.0 validators with a balance of more than 64 ETH. For most of these validators, the high balance is not by choice. The balances of Ethereum 2.0 validators range wildly from 30 ETH to 65 ETH. The main reason for the extreme disparity is not because some validators are more profitable than others or because some validators started earning rewards on the network earlier than others. Roughly 168 […]
One day you’re on top of the world, making headlines for your upcoming appearance on SNL. Not long after, you’re the laughing stock of the internet. That’s the curse of DogeCoin which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, tumbled in value on Monday. DogeCoin is down more than 30%, to 17.6 cents. That’s a huge fall from its stratospheric high of 70 cents back in April. Bitcoin is at $31,500, a fall of just over 10%, while Ethereum has crumbled 15%. Ether’s fall has affected thousands of altcoins, most of which are built off the Ethereum […]
Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration Tesla CEO Elon Musk said he “pretty much” agrees with Ethereum co-founder Vitalik Buterin about a collaboration between Dogecoin and Ethereum. Buterin said: “if we can have a secure Doge-to-Ethereum bridge. That would be amazing.” Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees Ethereum co-founder Vitalik Buterin talked about a potential collaboration between Ethereum and Dogecoin in an interview with AI researcher Lex Fridman last week. Referring to the Tesla and Spacex CEO repeatedly tweeting about dogecoin, Fridman said, “There’s a power behind someone like Elon […]