Day: May 9, 2022

Bitcoin’s Dr. Doom is Working on a Tokenized Asset That is More Resilient Than the USD

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Quick take: Dr. Nouriel Roubini is reportedly working on a tokenized asset that is more resilient than the US dollar He is working with Dubai-based Atlas Capital Team LP Dr. Roubini emphasizes that the token will be backed by real assets, a mixture of short-term US Treasuries, gold, and US property His involvement in a crypto-project comes as a surprise as Dr. Roubini has a history of bashing the industry, referring to Bitcoin and DeFi as ‘vaporware’ Dr. Nouriel Roubini, commonly known as Bitcoin’s Dr. Doom, is reportedly working on…

DOT, ADA, SHIB Down Under 10%, as WAVES Rallies on Monday – Market Updates Bitcoin News

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Monday’s downturn in crypto markets sent several tokens lower, with cardano, polkadot and shiba inu all falling by over 15%. Despite this, there were some notable exceptions which rose to start the week, WAVES being one of them. WAVES WAVES was trading in the green on Monday, as prices rose by as much as 9% during the first trading day of the week. Following yesterday’s low of $12.65, WAVES/USD rallied on Monday, hitting an intraday peak of $14.54 in the process. Today’s surge saw price move away from the long-term…

PlayMining NFT Premier Will Host Project B-Idol Music NFTs product By INIMI

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Artist collaborations will play a key role in the future of NFT development. For example, Entertainment Asset Pte, Ltd, or DEA, is working with INIMI to launch a digital idol project. In addition, working with a music artist collective will lead to a limited set of music NFTs, ushering in a new era for non-fungible tokens. Project B-IDOL Is Coming Soon NFT technology often revolves around digital artwork, which can be linked to real-world art, although it doesn’t have to be. However, non-fungible tokens are not limited to images, as…

Coinbase 1099 Issues – New Form 1099-B & 8300 for Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io So why did Coinbase stop using Form 1099-K to report the sales transactions? Congress passed the Infrastructure Investment & Jobs Act back in November 2021. In the bill, they added new reporting requirements for cryptocurrency transactions. Starting in 2024, crypto brokers like Coinbase will need to file Form 1099-B to report the trades made within your Crypto accounts. Businesses will also need to file a Form 8300 if they receive any cryptocurrency payments in excess of $10,000. Need help with IRS Form…

Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT

BTC and many altcoins are fast approaching the “capitulation phase,” which is typically followed by the market finding a bottom. Global equity markets extended their decline on May 9 and the S&P 500 fell to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets. Data from blockchain analytics firm Glassnode shows that Bitcoin inflows to centralized exchanges have risen to more than 1.7 million coins, the highest since February. This suggests…

Bitcoin Price Hits Three-Month Low, What’s Driving This?

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At this point, it is no longer news that bitcoin has now hit its lowest point in three months. The last time the digital asset had seen its price break below $34,000 had been in late January but had continued to hold up well after this. Last time, the low market momentum following the market crash on December 4th had been the culprit. This time around, a whole different beast is behind the wheel of the tumbling asset value. Stock Market On The Rocks Bitcoin’s correlation with the stock market…

Game Space Releases Merge Bird on Its GameFi-as-a-Service (GaaS) Platform – Press release Bitcoin News

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press release PRESS RELEASE. Singapore – Game Space is proud to announce the release of Merge Bird on its GameFi-as-a-Service (GaaS) platform. Merge Bird is an on-chain version of the once-popular game ‘Flappy Bird’. Game Space has chosen it as the first on-chain version to pay tribute to the tenth anniversary of ‘Flappy Bird’. Game Space will also AirDrop 500 bird NFTs to the community from May 9th to May 12th. Users can participate in the Merge Bird NFT airdrop event as well as receive huge prizes from being in…

Galaxy Digital reports $112M Q1 loss, citing crypto price volatility

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Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility in the digital asset sector in 2022.  Galaxy Digital reported a net comprehensive loss of $111.7 million in the quarter ending March 31, compared to a gain of $858.2 million in the same quarter of 2021, the company announced Monday. In addition to unrealized losses in its digital asset portfolio, Galaxy’s overall losses were also attributed to investments in its trading and investment businesses.…