Author: Adam Stern

As we stand 100 days after the much-anticipated Bitcoin halving event, the cryptocurrency landscape is witnessing a paradigm shift, particularly in the aftermath of the recent approvals of Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). This milestone offers a prime opportunity to delve into the implications of these developments on Bitcoin’s trajectory and the broader crypto market. Understanding the Bitcoin Halving Bitcoin halving, a fundamental event in the cryptocurrency world, is a scheduled reduction in the reward miners receive for adding new blocks to the Bitcoin blockchain. Occurring approximately every four years, this mechanism is…

In the ever-evolving landscape of cryptocurrency and blockchain technology, recent developments have caught the eye of enthusiasts and skeptics alike. From Donald Trump’s NFTs transitioning to Bitcoin’s Ordinal inscriptions to Mark Zuckerberg’s long-term vision for the metaverse, the horizon is buzzing with groundbreaking advancements and bold predictions. Trump NFTs Go Ordinal: A New Era for Digital Collectibles Trump’s FIRST-ever trading cards on bitcoin! Donald Trump’s foray into the world of NFTs has taken an intriguing turn with the adoption of Bitcoin’s Ordinal inscriptions. This move signals a significant shift in how digital collectibles are perceived and managed. Ordinals, a method…

Cryptocurrencies have always been a subject of scrutiny when it comes to their potential use in illicit activities. A recent report for the year 2023 sheds light on a concerning trend: stablecoins have risen to prominence as the preferred choice for illicit transactions. In this article, we delve into the key findings of the report, highlighting the challenges and implications associated with this development. The Rise of Stablecoins: A Double-Edged Sword Stablecoins, known for their price stability, have gained popularity as a means of transferring value within the crypto space. However, their privacy features and ease of use have also…

The NFT (Non-Fungible Token) market has been a dynamic and ever-evolving space. In recent news, two significant developments have emerged, causing ripples in the NFT community. Firstly, the platform X has decided to remove NFT profile pictures, sparking a conversation about digital identity. Secondly, GameStop has announced the closure of its NFT marketplace. In this article, we delve into the details of these developments and their implications for the NFT industry. X Takes a Stand: Removing NFT Profile Pictures X, a prominent platform in the crypto space, has made headlines by taking a bold step to remove NFT profile pictures.…

In a significant development that has caught the attention of the crypto community, the IRS (Internal Revenue Service) has taken a step back in its approach to cryptocurrency taxation. The latest decision brings relief to many crypto enthusiasts and investors. In this article, we delve into the details of the IRS’s move to exempt cryptocurrency transactions exceeding $10,000 from certain tax obligations. Background: Cryptocurrency Taxation Challenges Cryptocurrency taxation has been a complex and evolving issue for both individuals and regulators. The IRS has been actively seeking ways to ensure compliance and transparency in the crypto space. The IRS’s Previous Stance:…

Cryptocurrency advocacy and regulation have become subjects of significant debate in recent years, drawing the attention of lawmakers like Senator Elizabeth Warren. One particular concern raised by Senator Warren revolves around the practice of cryptocurrency advocacy organizations hiring former government officials. Coin Center, a leading cryptocurrency policy advocacy group, has recently responded to these concerns. In this article, we delve into Coin Center’s perspective and their rationale behind hiring ex-officials in the cryptocurrency space. The Role of Advocacy Groups Senator Warren’s Dec. 18 letter to Coin Center Cryptocurrency advocacy organizations like Coin Center play a crucial role in shaping the…

Cryptocurrency investments have become a prominent part of the financial landscape, offering both opportunities and challenges. While successful crypto trading can yield significant profits, it’s essential to understand how to manage losses for tax purposes. In this comprehensive guide, we’ll explore the tax implications of crypto losses and provide insights into managing them on your tax returns in the United States, the United Kingdom, and Canada. Understanding Crypto Losses Before delving into tax considerations, it’s crucial to understand what constitutes a crypto loss. A loss occurs when the current value of your cryptocurrency holdings is less than the initial purchase…

The year 2023 witnessed an explosive surge in the adoption of Web3 applications, marking a new era for decentralized and blockchain-based technologies. According to a report by DappRadar, Web3 apps experienced a remarkable 124% growth during the year. In this article, we delve into the driving factors behind this phenomenal growth and the key players leading the charge. The Rise of Web3 Apps Top 10 blockchains by UAW Web3 apps, built on blockchain technology, offer a decentralized and trustless environment for various use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and gaming. This innovative approach has gained rapid…

Bitcoin, the flagship cryptocurrency, has been a rollercoaster of valuation highs and lows. Despite its volatility, there are strong indicators suggesting that Bitcoin is poised for further price growth. Here, we explore three compelling reasons underpinning the potential for Bitcoin’s continued upside in the market. Institutional Adoption Gaining Momentum BTC/USD annotated chart One of the most significant drivers for Bitcoin’s price surge is the growing interest and investment from institutional investors. Major financial institutions, hedge funds, and even publicly traded companies are adding Bitcoin to their portfolios. This trend indicates a shift in perception, recognizing Bitcoin as a legitimate and…

The cryptocurrency landscape is on the brink of a significant transformation with the advent of Bitcoin Spot Exchange-Traded Funds (ETFs). As these financial instruments make their way into the market, they’re tipped to not only accelerate Bitcoin’s use cases but also to serve as a substantial tailwind for the entire crypto industry. The Rise of Bitcoin Spot ETFs Spot ETFs, which directly invest in Bitcoin rather than derivatives, offer a more straightforward exposure to the cryptocurrency for investors. This development marks a pivotal moment, as it bridges the gap between traditional finance and the burgeoning world of cryptocurrency, making Bitcoin…