Category: Latest news

[ad_1] The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger…

[ad_1] The cryptocurrency market cap saw net outflows of $12.64 billion since the last wMarket report. As of press time, the total crypto market cap stood at $923.66 billion, down 1.3% over the last 24 hours. Bitcoin’s market cap fell 2.5% over the reporting period to $369.10 billion from $375.58 billion. Meanwhile, Ethereum’s market cap…

[ad_1] Against the wishes of the Aptos team, Binance will list an APT perpetual contract product on Oct. 19, with up to 25x leverage, according to Wu Blockchain. OKX joined Binance with a similar product offering going live on the same date. Perpetual contracts enable both longs and shorts. Following its recent debut, the controversial…

[ad_1] Real estate platform Roofstock has completed the sale of a three-bedroom property as a non-fungible token (NFT) for $175,000. The rental property located at 149 Cottage Lake Way, Columbia was sold on the Roofstock onChain NFT marketplace by transferring the Home onChain identity to an Ethereum address owned by the house buyer Adam Slipakoff.…

[ad_1] Block’s CEO Jack Dorsey, who was previously the CEO of Twitter, announced the launch of AT Protocol as a federated network to power the next generation of social media applications. AT Protocol, short for Authenticated Transfer Protocol was built as a federated network to allow users to easily communicate with blockchain URLs similar to…

[ad_1] The biggest news in the cryptoverse for Oct. 18 includes Do Kwon claiming charges against him are illegitimate, Aptos blockchain criticized for processing only four transactions on launch day, and Roofstock selling its first on-chain house as an NFT for $175,000. Thousands of Bitcoin leave Coinbase for the first time since June Coinbase saw…

[ad_1] Ripple’s XRP Ledger could enable support for non-fungible tokens (NFTs) as early as Oct. 31, according to a tweet shared by Ripple’s vice president of corporate strategy and operations, Emi Yoshikawa. XRPL Amendment v1.9.2 (Xls20) – 2 weeks countdown has begun! pic.twitter.com/3MZaT0Yr4M — Emi Yoshikawa (@emy_wng) October 17, 2022 According to the tweet, the…

[ad_1] Ethereum (ETH) co-founder Vitalik Buterin has said solo validators should be tolerated if they censor blocks in special cases in an Oct. 17 tweet. I would say “be tolerated”. Slashing or leaking or socially coordinated anything should only be considered for massive reorging of other people’s blocks, not making wrong choices about what to…

[ad_1] Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an Oct. 12 speech published on Oct. 17. Barr stated that there are heightened liquidity risks when traditional banks do business with crypto firms, as such banks could be exposed to liability…

[ad_1] The cryptocurrency market cap saw net inflows of $12.39 billion since the last wMarket report. As of press time, the total crypto market cap stood at $936.3 billion, up 1.3% over the last 24 hours. Bitcoin’s market cap grew 1.7% over the reporting period to $375.58 billion from $369.27 billion. Meanwhile, Ethereum’s market cap…