Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar, while donors must file Form 8283 with their tax return for the donation of…
Month: March 2022
Ether’s Net Issuance Points to Supply Squeeze Ahead; Waves Hits Record High
WAVES, the native cryptocurrency of Waves blockchain, which enables users to create and launch custom digital tokens, surged over 50% to a new record high of $52. The surprise launch of Waves Labs, a U.S-based venture to support, develop and incubate commercial opportunities for the Waves blockchain, likely lifted the token higher. Source
Tokens take the runway at Metaverse Fashion Week
The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more than 70 brands, artists and designers including big names like Tommy Hilfiger, Estée Lauder, Philipp Plein, Selfridges and Dolce & Gabbana. Gigi Graziosi Casimiro, head of Decentraland’s Metaverse Fashion Week, told Cointelegraph that MVFW is…
Hedera, Newly EVM-Compatible, Woos DeFi With $155M HBAR Fund
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Binance Upgrades Blockchain Bridge to Connect DeFi and CeFi
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Blockware Solutions Builds 20MW Bitcoin Mining Data Center in Kentucky
“It is my hope that a region known for mining coal will now benefit from this different type of mining,” Kentucky State Representative Angie Hatton said in the statement. “It means a lot to see Blockware Solutions invest here and create these jobs, and I also hope that its significant electricity needs will help stabilize our steep residential rates,” Hatton added. Original
Bitcoin hits 2022 high as analyst gives new $80K BTC price target
Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided a welcome respite from the upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong doubts” over crash below $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900 before returning to crack $48,000 prior to March 29’s Wall Street open. The pair maintained support at the yearly open even while consolidating, fueling hopes that the 2022 trading range had been truly broken. Now, while acknowledging…
Terra LUNA hits new all-time high after 100% rebound from 2022 lows — Correction ahead?
Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard’s (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets. LUNA price hits new record high above $106 LUNA’s price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest price rally pushed Terra token’s net capitalization crossed $37.17 billion,…
Delphi Digital Leads $5M Seed Round for Money Market Protocol ZkLend
ZkLend has two key products. Artemis, a permissionless lending offering open to anyone with an internet connection, will launch in the third quarter of 2022. With Artemis, users can deposit assets to earn yield and can borrow using those assets as collateral. Deposits from multiple investors are collected in pools to facilitate the loans, which have real-time, liquidity-variable interest rates. Source
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