‘Snow Crash’ by Neal Stephenson Neal Stephenson’s science fiction novel Snow Crash predicted the Metaverse in 1992. This cult book has the amusingly-named Hiro Protagonist running around in an artificial cyber world, trying to stop a virus that wipes minds, aided by his hacker friend Y.T. Reality is a place to escape from, a neoliberal …
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Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donating cryptocurrency to a charitable organization can provide a tax deduction and also avoid capital gains tax on the donated assets. Crypto tax-loss harvesting is another strategy that cryptocurrency investors use to reduce their overall tax …
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Summary: The average number of 56 industry experts expect ETH to hit finish 2023 above $2,000 and hit $6,000 by 2025. Finder’s panelists also opined that Ethereum could flippen Bitcoin as the largest crypto by market cap by 2024. 56% of Finder’s experts said now is the time to buy Ether and 60% believe ETH …
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A leading crypto analytics firm finds that meme token Dogecoin (DOGE) experienced the highest number of whale transactions to date this year on January 31st. Data from crypto analytics platform Santiment shows that there were 523 DOGE transactions worth over $100,000 each at the end of January, the highest since November 27th. The dog-themed asset’s …
An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. “Despite the challenging market conditions in 2022, stakeholders in …
One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said central bank digital currency (CBDC) support is already rolled out at Freshpik, its …
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The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again about whether …
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HSBC, the British multinational bank that manages the largest amount of assets in Europe, doubled down on its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization. On Jan. 30, HSBC opened the GPBW product director of tokenization position with a hiring process scheduled to end by …
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Bitcoin’s (BTC) bullish surge in January has helped the Nasdaq Crypto Index to register its third-highest monthly gain, with a 38% surge. The cryptocurrency market started the year bullish, defying major bearish market outlooks. Bitcoin and a number of altcoins touched new multi-month highs as inflation cooled off. Nasdaq Crypto Index monthly price chart Source: …
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Summary: South Korean prosecutors arrested Bithumb’s former chairman on suspicions of embezzlement and fraud, CoinDesk reported. Kang Jong-Hyun is under investigation along with two other company executives. The local offices of the crypto exchange were raided recently as part of a coin manipulation probe. South Korea’s tax agency also opened a case against the exchange …
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A survey of 835 institutional traders from 60 different global locations revealed that 72% have no plans for crypto trading in 2023, according to data released by JPMorgan. According to the survey, most traders had no interest in crypto trading because of market volatility. 46% of the traders said volatile markets’ would be their greatest …
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The bear narrative takes a hit as Bitcoin records a 24 week high, despite ongoing macro uncertainty. 2 min read Updated: February 2, 2023 at 11:20 am Cover art/illustration via CryptoSlate Bitcoin reached $24,260 during the morning of February 02 (UTC) – marking a 24-week high. Similarly, the total crypto market cap touched $1,098.4 billion, …
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The Accumulation Trend Score indicator suggests that all BTC cohorts are currently in a state of distribution. Definition The Accumulation Trend Score (ATS) is an indicator that reflects the relative size of entities that are actively accumulating coins on-chain in terms of their BTC holdings. The scale of the ATS represents both the size of …
U.S. television network TNT will air a ‘watch-to-earn’ quiz during ‘Inside the NBA’ during the next live show on Feb. 3 at 4 am UTC powered by ImmutableX, the gaming-focused Ethereum layer-2 chain. The online trivia game, ‘B/R W2E,’ from Warner Bros. Discovery Sports, will become a weekly feature during the Emmy Award-winning basketball show. …
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Suzhou is aiming to launch 30 use cases by 2025 — primarily focusing on healthcare, tourism, city administration and education. 1 min read Updated: February 2, 2023 at 10:55 am Cover art/illustration via CryptoSlate China’s Suzhou city announced a roadmap to become a metaverse hub by 2025, as reported by Forkast News. The city aims …
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