How to Best Navigate Crypto Taxes As 2022 Deadlines Approach
CoinLedger Co-Founder & CEO David Kemmerer discusses best practices for crypto taxes, touching on strategic tax-loss harvesting, stablecoins and what software like CryptoTrader.Tax can offer. Plus a conversation about NFTs and CoinLedger’s ambitions to make digital asset taxes easier for traders.
MobiKwik Pulls Crypto Support; Twitter NFT Hacker Strikes Again
Binance wins Abu Dhabi nod for another Middle Eastern outpost. India’s MobiKwik pulls crypto support. South Korea’s president-elect forges ahead with crypto policies. Twitter hacker takes over verified accounts to promote fake Azuki NFT drop. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
OpenSea’s Solana Beta Begins; Binance Bails Out Sky Mavis
Chinese state-media opinion piece calls for tighter regulation of NFTs. Solana NFTs enter OpenSea marketplace; NFT sales down by 25%. Vietnam’s Sky Mavis raises $150 million to offset Ronin hack, Axie NFT sales surge more than 350%. Bitcoin takes a stumble following Fed minutes.
DBS Makes Crypto U-Turn; China’s E-CNY Expansion
DBS makes U-turn over retail crypto trading plans. China confirms expansion of e-CNY trials, but what’s needed to really spur adoption? Experts: USD-backed stablecoins to continue dominance in the market. New owner gives Pudgy Penguins NFTs happy feet.
Former OpenSea Exec Accused of Insider Trading Aims for Return to Crypto
Ex-OpenSea executive Nate Chastain, who resigned amid allegations of insider trading, has reemerged with plans for a new NFT platform called Oval. “The Hash” group discusses how Chastain’s reputation could hinder the growth of his new venture and where investor appetite stands.
China’s E-CNY Push; India’s Crypto Tax Kicks In
China pushes forward with digital yuan in five more cities. South Korea’s committee studies proposals for crypto sector. NFTs enter bear market territory, but are things all bad? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
China’s WeChat Bans NFT Accounts; Zilliqa Token Soars
NFT accounts banned from WeChat due to “crypto speculation”. India’s IMF Mission chief warns over crypto. Zilliqa on a tear after Metapolis metaverse launch event announcement. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Visa Launches NFT Program
Visa has announced its new “Creator Program” that will help selected small business owners in fields like music, fashion and film expand their work into the NFT space. “The Hash” team discusses former Major League Baseball player Micah Johnson’s involvement in this project and how NFTs can empower creators.
Abra CEO on Why He Thinks ETH Will Eventually Overtake BTC
Abra CEO Bill Barhydt explains why ether could overtake bitcoin following its upgrade to a proof-of-stake mechanism, highlighting the many use cases for the Ethereum network, ranging from NFTs to DeFi applications. Plus, a conversation about crypto leaving centralized exchanges and Abra’s digital asset lending programs.
Why Metaverse Fashion Week Matters
Decentraland hosted Metaverse Fashion Week, where global brands like Estée Lauder, Forever 21 and Tommy Hilfiger participated through NFTs and immersive experiences. “The Hash” team discusses what audiences these types of virtual events attract and how they might evolve as metaverse technology progresses.