When a Lamborghini owner didn’t have cash on them to pay for their repair job, they used Bitcoin to pay Kansas City welder JayFab. The Bitcoin meme “Wen Lambo” might be making a comeback. For JayFab, a Redditor who owns and operates a welding and fabrication company, it’s certainly the case. Working in Kansas City,...Continue Reading
Athletes are slowly becoming more and more interested in contracts paid out in crypto. What’s their reasoning and how does this impact the blockchain industry? After suffering significant losses due to issues stemming from the COVID-19 pandemic, the sports industry has turned to crypto to recoup its losses and help fans stay connected with clubs...Continue Reading
The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe. Bitcoin (BTC) pierced $40,000 at the Wall Street open on April 26 as its latest relief rally lasted less than 24 hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $39,500 eyed as BTC safety net...Continue Reading
Greg Tanaka is an entrepreneur and DeFi developer who wants to make crypto a legal tender. In terms of policy, Greg Tanaka calls himself a legislator for the digital age and possibly the most pro-crypto person running in this election cycle. Now a Palo Alto City Council member, he has set his sights on the...Continue Reading
A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user. A court in the Chinese city of Hangzhou ruled a one-of-a-kind judgment against a nonfungible token (NFT) marketplace for allowing a user to create (or mint) NFTs of stolen artwork....Continue Reading
Web3 solutions may be the answer to America’s housing market, but will the mainstream want to use blockchain-based platforms? America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are...Continue Reading
Investors in the Fireblocks’ Early Access Program put up close to $250 million into the Terra DeFi ecosystem within the first 72 hours of its integration going live. Fireblocks, a digital asset custody platform, announced that it has enabled institutional DeFi access to Terra (LUNA), the second-largest decentralized finance (DeFi) protocol by total value locked...Continue Reading
Direct BTC purchases and Bitcoin mining stock investments are two “fundamentally different” investment strategies to suit different people and interests, Ben Gagnon says. Amid Bitcoin (BTC) mining stocks like Hut 8 Mining touching multi-month lows, a major industry executive has outlined key differences between BTC investment and investing in BTC-linked stocks. Ben Gagnon, chief mining...Continue Reading
The integration provides LUNA users a way to accurately track and record their transactions to meet their tax obligations, according to Koinly’s Tony Dhanjal. Crypto tax calculation platform Koinly added Terra (LUNA) wallet support to make tax calculation easier for LUNA holders as the Canadian tax report deadline draws near. Tony Dhanjal, head of tax...Continue Reading
Two moving averages warn of a bear market-style price floor in the making, says analysis one month after Bitcoin’s weekly chart “death cross.” Bitcoin (BTC) is facing a rare chart phenomenon which has historically resulted in 50% price drawdowns, new data shows. In a tweet on April 25, popular account Nunya Bizniz noted a fresh...Continue Reading
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