IRS Rules Bitcoin-Ethereum Swaps Cannot Qualify as Tax-Free Like-Kind Exchanges
The United States Internal Revenue Service issued a landmark legal memorandum on June 18, 2021, definitively ruling that swaps between […]
Blockchain Technology
Technical developments, upgrades, and infrastructure news
China’s Expanding Crypto Mining Ban Forces Exodus as Bitcoin Network Hashrate Begins to Decline
China’s sweeping crackdown on cryptocurrency mining expanded to additional provinces on June 12, 2021, with authorities in Sichuan, Qinghai, Xinjiang,
Polygon Defies Market Downturn as Layer 2 Scaling Solutions Attract Developers and DeFi Projects
While Bitcoin and most major cryptocurrencies suffered significant losses in mid-June 2021, Polygon (MATIC) stood out as a rare bright
El Salvador Charts an Ambitious Blockchain Future as BIS and IMF Push Back on Bitcoin Legal Tender
El Salvador made history on June 9, 2021, when its congress passed the Bitcoin Law with a supermajority vote, making
El Salvador Makes History: First Nation to Adopt Bitcoin as Legal Tender
In a move that sent shockwaves through the global financial community, El Salvador on June 9, 2021 became the first
Polygon Emerges as Ethereum’s Scaling Lifeline as DeFi Protocols Seek Layer 2 Refuge Amid Surging Gas Fees
As Ethereum gas fees remain elevated following the explosive growth of decentralized finance and NFT activity in early 2021, Polygon
Bitcoin Network Proves Resilient as China Mining Crackdown Triggers Global Hashrate Migration
The Bitcoin network is demonstrating its fundamental resilience as a massive migration of mining operations unfolds in the wake of
Ethereum Outperforms Bitcoin as Crypto Markets Show Signs of Recovery From China-Driven Crash
May 25, 2021, marked a pivotal day in the cryptocurrency market’s attempt to recover from one of the most brutal
The 519 Flash Crash: How Blockchain Infrastructure Survived the Largest Crypto Market Stress Test Since COVID
On May 19, 2021, the cryptocurrency market experienced a flash crash of historic proportions. Bitcoin lost 32% of its value
Bored Ape Yacht Club Sells Out: How 10,000 NFTs Launched a Blockchain Cultural Revolution
On May 1, 2021, the cryptocurrency world woke up to a phenomenon that would redefine digital ownership. Bored Ape Yacht