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Tax on income you never earned? It’s possible after Ethereum’s Merge

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IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides. After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax More

The post Tax on income you never earned? It’s possible after Ethereum’s Merge appeared first on BTC Ethereum Crypto Currency Blog.

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Australian Central Bank Details Active CBDC Pilot Project In Telling Whitepaper

Australians are already testing a CBDC. Surprising no one, considering the authoritarian way that the government handled the lockdowns. The jury is still out on Central Bank Digital Currencies, while some authorities see them as problematic and prone to abuse, others are running a pilot program. The Reserve Bank of Australia, the country’s Central Bank, […]

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Ethereum Co-founder Vitalik Buterin Expects Dogecoin, Zcash To Switch To PoS

Ethereum Cofounder Vitalik Buterin feels that other blockchains, such as Dogecoin and Zcash should be following the same strategy now that the Ethereum merge has been completed. Ryan Selkis asked Buterin at the 2022 Messari Mainnet if all networks should shift to proof-of-stake (PoS) method. Buterin responded affirmatively. Zooko Wilcox-O’Hearn, the founder of Zcash, was […]

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Quant (QNT) Adds 10% In 24 Hours While Macro Uncertainty Pulls Others

Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50. The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors.  Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go? Quant’s All-Time High Catalysts The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant.  Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent. Macroeconomics Turned Crypto Assets Bearish By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights. For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows.  At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own. Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours. Featured image from Pixabay and chart from TradingView.com

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Veritaseum Sued Coinbase Over Patent Infringement, Seeks $350 M For Settlement

Coinbase gets into trouble with another lawsuit of patent infringement, among its other legal issues. A blockchain-based fintech software company in New York, Varitaseum Capital LLC, sued the crypto exchange for infringing its patent transfer technology for several exchange services. Reggie Middleton, the founder of Veritaseum, filed the patent infringement case against Coinbase in Delaware […]

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WazirX Announces Delisting of USDC, USDP, and TUSD in a Clear Boost to BUSD

Stablecoins Are Great For Payment But Bitcoin Is The Best Answer For Inflation, Says Facebook’s Crypto Chief

India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle’s USDC, Paxos’ USDP, and TrueUSD’s TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD. “WazirX has stopped deposits of USDC, USDP, and TUSD, […]

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Win.app changes Play-to-Earn to Play-to-Win

Win.app aims to bring in a new era for blockchain gaming by becoming the ultimate play-to-earn gaming infrastructure for Web3. Developers worldwide will soon have access to the Win SDK, an out-of-the-box solution that empowers their games to support NFTs and crypto rewards, alongside new game modes like PvP and tournaments, essentially transforming any mobile game into a competitive multiplayer experience for Web3. Revolutionizing play-to-earn with Win SDK The Win SDK was built with one main goal: to remove the hassle of monetization from the development process, allowing creators to focus on reaching their vision when creating the ultimate skill-based games. It packs in all the key features of the play-to-earn experience: A complete blockchain-powered crypto payments solution that uses non-custodial wallets and Win’s proprietary $FTW token as in-game currency; NFT-based leveling system and staking rewards, allowing for unlimited gamification opportunities; A complex match-making and player rating algorithm that enables PvP gameplay and ensures that players are always matched with players of similar skills for a fun and fair experience; Real-time analytics for tracking all critical data; 24/7 player support – players will always have access to a dedicated support team that can handle any issue; Win.app firmly believes that developers need to focus on their creativity and innovation, not on the monetization hassle. The Win Realm – real Heroes are made, not born The Win Realm is a component of the Win Ecosystem designed to highlight the potential of the Win SDK. It uses Heroes, unique Polygon-based NFTs (ERC-721) as player-owned characters, and features a fantastic journey encapsulating the adventures of three ancient tribes. Every action of a player directly affects these Heroes. In the Win Realm, one doesn’t simply level up; they get mightier. The mightier the Hero is, the more opportunities one has: access to special tournaments, increased staking rewards, one-of-a-kind NFT collectibles, and much more. More information on the Win Ecosystem is available on the Win Blog. About Win.app Win.app is a play-to-earn mobile gaming platform powered by the blockchain. The platform enables players to compete against each other in skill-based games and earn crypto rewards and NFTs. Through its Win SDK, it allows mobile game developers worldwide to seamlessly integrate the P2E model in their skill-based games with just two lines of code. Win’s core belief is that blockchain technology can change the world, and as such, it’s working tirelessly to be the driver of this change. They are redefining the concept of play-to-earn by rebuilding the P2E gaming infrastructure for Web3.