Author: CryptoHoppers

Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States […] Source link

Canada has a well-developed cryptocurrency market with numerous regulated exchanges and a growing number of cryptocurrency investors. As cryptocurrency becomes increasingly mainstream, the subject of cryptocurrency taxes is becoming ever more relevant. In this article, we will provide a quick explanation of crypto taxes in Canada and address some of the most common questions Canadian crypto users have about taxes. What are the crypto taxes in Canada? In Canada, income from cryptocurrency-related transactions is either considered as a capital gain or as business income.  50% of the capital gain made from cryptocurrency investing is taxable. For example, if you purchased…

This week, blockchain startups and various crypto projects collectively raised more than $100 million in venture capital (VC). Here’s a roundup of the funding activities between June 16 and June 22. The activity reflects a growing interest in diverse blockchain applications, from gaming and social networks to advanced cryptographic security. PQShield raises $37m in series B round Security startup PQShield emerged as this week’s biggest winner. It closed a $37 million Series B round to enhance its post-quantum cryptography solutions.  Led by Addition, the funding round also included new investors such as Braavos Capital, Legal & General, and Chevron Technology…

Share this article Cameron and Tyler Winklevoss, the American entrepreneurs behind Winklevoss Capital Management and crypto exchange Gemini, got back part of their Bitcoin donations from Donald Trump’s presidential campaign after the funds surpassed federal limits, according to a recent report from Bloomberg.The twins said in recent posts that they donated $1 million worth of Bitcoin each to Trump’s campaign. However, under federal law, the campaign could only receive $844,600 from each supporter, which means the Winklevoss twins’ donations exceeded the legal limit, and the excess $155,400 was returned, a campaign official told Bloomberg.The donations were intended to be distributed…

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […] Source link

America’s ever-growing debt problem is a ticking time bomb that could either push the crypto market to record-breaking heights or bring it crashing down. The Congressional Budget Office (CBO) recently projected that aid packages for Ukraine and Israel, combined with other factors like student loan forgiveness, will push the US deficit to a staggering $1.9 trillion this fiscal year. This ballooning deficit, coupled with a shift towards short-term financing, has some MAJOR implications for the US economy, money markets, and the fight against inflation. America’s updated budget outlook. Source: CBO Boosting Crypto One key way America’s debt problem would benefit…

Share this article Fund group YieldMax filed with the US Securities and Exchange Commission (SEC) to launch an Ether Option Income Strategy ETF on the New York Stock Exchange, Arca, according to a filing dated June 21, 2024. The move comes ahead of the anticipated launch of spot Ether ETFs in the US.The ETF, using a synthetic covered call strategy, aims to capitalize on the volatility of underlying spot Ethereum ETFs for income generation. Spot Ether ETF holders can sell call options to earn additional income and manage risk. According to the filing, the fund does not invest directly in…

Four Vietnamese nationals were charged in a U.S. court for a series of cyber intrusions causing over $71 million in losses. The defendants, part of the cybercrime group “FIN9,” allegedly hacked U.S. companies from May 2018 to October 2021, stealing non-public information, employee benefits, and funds. They used stolen personal and credit card information to […] Source link

Real Vision macro expert Julien Bittel believes that Bitcoin (BTC) is on the verge of going parabolic based on historical precedence. Bittel tells his 69,400 followers on the social media platform X that Bitcoin is in a historical “boring” phase ahead of an expected “banana” rally that has come after the halving events when miners’ rewards are cut in half. “What we’re currently witnessing in terms of Bitcoin price action is fairly typical around the actual halving: a big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to…

BitTorrent has announced the official release of BTFS V3.0 Heisenberg on the mainnet. The new update brings multiple intuitive features to elevate user experience, operational efficiency, and network security. The mainnet release was made on the official X account of BitTorrent. The tweet, along with a Medium post, shed light on what the update is bringing. The new features include:- Improved Encryption: After BTIP-72, BitTorrent has invested efforts in supporting symmetric encryption to satisfy diverse user requirements. Enhanced Node Security: After thorough community discourse on BTIP-72, the export and import of keystore files are now allowed. It will simplify management…