Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
The debate between passive and active investing remains a central topic in the world of finance. As the stock market evolves, investors are continually reassessing their strategies to maximize returns. Passive investing, known for its simplicity and low cost, contrasts sharply with active investing, which promises potentially higher gains through strategic decision-making. As we look … Read more
Bitcoin mining company Riot Platforms has increased its stake in competitor Bitfarms to nearly 18.9% by purchasing an additional 1 million shares. This move raises Riot’s total holdings in Bitfarms to approximately 85.3 million shares, up from the previous 18.68% ownership. Ongoing Dispute and Takeover Attempt The acquisition comes amid a contentious dispute between the … Read more
Gas fees are a fundamental aspect of blockchain transactions, representing the cost paid to validators for processing and validating transactions on the network. These fees are crucial for maintaining blockchain operations and ensuring the security and efficiency of transactions. Here’s a detailed look at how gas fees are calculated and the factors that influence their … Read more
Polymarket, a leading prediction market platform, has announced a strategic partnership with the AI search engine Perplexity. This collaboration, unveiled on Monday, aims to enrich the user experience by integrating Perplexity’s advanced search capabilities to offer news summaries on prediction events. This move comes as Polymarket faces a significant 28% decline in open interest from … Read more
In recent comments, former Bank of Japan (BOJ) board member Makoto Sakurai suggested that the central bank would likely postpone any additional interest rate hikes until next year, signaling a preference for market stability in the near term. Sakurai’s remarks, made late Friday and reported by Bloomberg, indicate that further increases in the key interest … Read more
Kuala Lumpur recently transformed into a hub of innovation and technological advancement as it hosted the inaugural Malaysia Blockchain Week. This groundbreaking event brought together a diverse array of stakeholders, from industry titans to budding entrepreneurs, to explore the potential of blockchain technology in reshaping industries and economies. The week-long extravaganza was a testament to … Read more
The U.S. Internal Revenue Service (IRS) has introduced a new draft of Form 1099-DA, aiming to streamline the reporting process for digital asset transactions. This revision marks a significant shift from earlier drafts, addressing privacy concerns and simplifying tax compliance for investors in the growing digital asset market. Key Changes in the Draft Form 1099-DA … Read more
A recent report by Messari highlights substantial developments in TRON’s performance for the second quarter of 2024. The blockchain network has demonstrated impressive growth, particularly in daily transactions and stablecoin adoption, positioning itself as a significant player in the blockchain ecosystem. Impressive Rise in Daily Transactions In Q2 2024, TRON experienced a notable 29% increase … Read more
On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026. … Read more
Robinhood Markets Inc., the popular trading platform, has delivered robust financial results for the second quarter of 2024, driven by a notable resurgence in meme stocks and a significant increase in crypto trading revenues. The company reported revenues of $682 million, reflecting a 40% year-over-year increase. This surge underscores the platform’s continued relevance and growth … Read more