Monthly Archives: May 2021

Everything You Need To Know About Bitcoin And Taxes

Crypto Daily

What are the basics that everyone should know about how their bitcoin is taxed in the United States? Is the purchase of bitcoin taxable? Do you pay taxes on the sale of bitcoin? What transactions require me to report my Bitcoin? These are questions nearly every Bitcoiner has asked themselves at some point in their Bitcoin journey. The topic of taxes and bitcoin can seem daunting at first but, once you have a solid understanding of the tax implications you may have around your bitcoin, you can […]

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Elon’s FUD Is A Problem For Tesla, Not Bitcoin

Crypto Daily

While the Tesla founder has proven inspirational in the past, with Bitcoin, he has fallen prey to his own eccentricities. Tesla’s FUD bitcoin announcement doesn’t mean bitcoin is overvalued; it does mean Tesla is overvalued. Tesla cars are expensive luxury items and their purchase is justified by Tesla being an aspirational brand. That brand is extremely dependent on the mystique of Elon Musk; can Musk lose that mystique? Well, he just did with Bitcoiners and soon with others too. There are many types of inflation in the […]

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Floyd ‘Money’ Mayweather to Launch Legacy NFTs Ahead of Fight With Logan Paul

Crypto Daily

Boxing legend Floyd Mayweather will release his own NFTs before the upcoming bout with Youtuber Logan Paul. The exclusive collection celebrates Mayweather’s legacy in life and sport with unique items. Floyd remained undefeated throughout his professional career after winning major titles in multiple weight classes. NFT Collection to Feature Rare Mayweather Memorabilia The NFTs will represent а digital collection of artwork, animations, and rare memorabilia offered to boxing fans and non-fungible token (NFT) collectors around the world. The exclusive pieces will be released later this month, ahead […]

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Interview: When Cities Embrace Bitcoin With Mayor Scott Conger

Crypto Daily

Mayor Scott Conger joined the “Bitcoin Magazine Podcast” to discuss how Bitcoin can help his city of Jackson, Tennessee. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the mayor of Jackson, Tennessee Scott Conger to discuss his recent interest in Bitcoin. Conger has been the mayor of Jackson for a few years now and is actually the third person in his family to serve in this role. […]

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Does Mike Novogratz hold more than $5B in crypto?

Crypto News

In a recent interview, the Galaxy Digital founder said his crypto investments amounted to 85% of his net worth. Galaxy Digital founder and CEO Mike Novogratz, a billionaire active in the digital asset space, says up to 85% of his net worth is in cryptocurrencies. In an interview with New York Magazine’s Intelligencer published today, Novogratz said that while he did have roughly 30% of his net worth in crypto starting at the 2017 bull run, the recent price surges in the crypto space had increased the […]

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Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry

Crypto News

Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14. Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74 billion, a 51% increase in eighteen days. This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue […]

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Why Dvision Network Migration to Binance Smart Chain Is a Game Changer

Crypto Daily

The leading blockchain Virtual Reality (VR) Metaverse platform Dvision Network is set to migrate to the Binance Smart Chain network through the cross-chain bridge. Dvision Network has changed the blockchain space by offering users an ecosystem that encompasses NFTs and virtual reality. The migration to Binance Smart Chain could prove to be a masterstroke by the cutting-edge NFT Metaverse platform. Binance Smart Chain Offers Wide Range of Possibilities Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown […]

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Tether Reaches 30 Billion USDT Issued on Tron

Crypto Daily

Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees, which make using it easy and cheap. Tether Reaches 30 Billion USDT Issued on Tron Tether, the biggest stablecoin in the market, has reached a volume of 30 billion USDT issued as TRC20 tokens on the Tron […]

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Sat-Stacking Platform Bittr Relaunches

Crypto Daily

Bittr, a platform allowing European users to easily accumulate small denominations of bitcoin, has relaunched in Switzerland. Bittr, a platform that offers sats stacking services in Europe, has announced the relaunch of its operation following a shutdown about a year ago that came as the result of stringent regulations surrounding the industry. It has transferred its headquarters from the Netherlands to Switzerland. According to the firm, the initial plan was to shut down operations permanently. However, calls from the community encouraged it to return. The Swiss Bitcoin […]

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Price analysis 5/13: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI

Crypto News

Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins. Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.”  Shortly after the announcement, Bitcoin price dropped by 17% to hit a new local low at $46,000. While Musk’s decision is a short-term blow to the sentiment of the […]

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