Binance, a crypto exchange, has removed two payment options from its peer-to-peer service after being criticized for using code words to represent sanctioned Russian banks. The payment options were listed on the exchange’s message board, which allows users to buy and sell cryptocurrency. The payment options were removed after Binance learned that account holders were […]
1inch Network has recently deployed its aggregation protocol and limit order protocol on the Base network, an initiative supported by Coinbase. This project aims to broaden its presence in decentralized finance (DeFi) and provide increased security, stability, and scalability for decentralized applications. Teaming up with Base grants access to Coinbase’s products, increasing influence and allowing […]
Coinbase has announced a new Ethereum layer-2 scaling solution called Base, which will share a portion of its revenue with its development partner, the Optimism Collective. The Optimism Collective is a group of companies, communities, and citizens working together to reward public goods and build a sustainable future for Ethereum.Base and the Optimism Collective have […]
The United States Internal Revenue Service (IRS) has proposed new regulations on the sale and exchange of digital assets by brokers. The proposed Form 1099-DA would simplify tax filing and help taxpayers determine if they owe taxes. The regulations are part of the Biden administration’s implementation of the bipartisan Infrastructure Investment and Jobs Act (IIJA), […]
Uniswap has become the premier decentralized trading spot for users since the beginning of 2023, surpassing Coinbase in terms of spot trading volumes. Uniswap facilitated up to $150 billion in trading volume in Q1 of 2023, while Coinbase came out at $145 billion worth of trades. Uniswap also dominated in Q2 of 2023, surpassing Coinbase […]
The U.S. Treasury Department has proposed new tax regulations for the cryptocurrency industry, which would require crypto businesses to report to the IRS in a similar fashion to traditional brokers. This would include the reporting of gross proceeds from transactions on Form 1099s. The regulations would also extend to nonfungible tokens (NFTs) and decentralized finance […]
Num Finance, a stablecoin issuer focused on the Latin America market, has launched a new stablecoin pegged to the Colombian Peso. The new stablecoin is dubbed nCOP and will be issued on the Polygon network, Num Finance’s blockchain partner, and is designed to bring the benefits of borderless transactions to the Colombian remittances market. Num […]
Aswath Damodaran, a professor of finance at Stern School of Business at New York University, has recently expressed skepticism regarding bitcoin’s potential and current status. He views it as a currency that nobody uses and a “collectible that doesn’t behave like a collectible.” He also opposed the theory that bitcoin could serve as a hedge […]
Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation was further fueled by the movement of 16 trillion tokens from a multi-sig wallet linked to the […]
Pyme is a platform revolutionizing the investment landscape in the world of cryptocurrency and Web3 companies. It focuses on empowering individuals from diverse backgrounds and democratizing finance, connecting investors with early-stage Web3 ventures. Pyme evaluates factors such as technology, team composition, market potential, and scalability to reduce risks associated with early-stage investments.Pyme also provides comprehensive […]
