What Is DeFi? Uncovering the Mysteries of Decentralized Finance

Cryptocurrency enthusiasts widely believe that DeFi, or decentralized finance, is the greatest potential use case of blockchain technology. It takes Satoshi Nakamoto’s original idea for a revolutionary new financial system and brings it to the next level on Ethereum (ETH) and other blockchain networks. Decentralized finance is a blockchain-based movement…

Crypto Tax Software: The Easiest Way to Manage Your Tax Reports

Whether you’re a Bitcoin beginner or a crypto trading veteran of many cycles, crypto tax software is the easiest way to handle your tax calculations. Knowing which tax forms to fill out and how to calculate your capital gains on the blockchain can be a nightmare. Fortunately, there are plenty…

New York Enacts Partial 2-Year Ban on Crypto Mining – DailyCoin

Governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Tuesday, November 22, making New York the first state to restrict PoW mining. The legislative measure, aimed at reducing carbon emissions, sets its sights on the energy-intensive process used to mine Bitcoin and other cryptocurrencies. The newly signed…

Watchdogs Points Justin Bieber Along With 19 Celebrities For Shilling NFTs – DailyCoin

Truth in Advertising (TINA.org), a watchdog organization for consumers’s rights, has accused 19 celebrities of endorsing NFTs without declaring their affiliation with the projects. The group claims that celebrities’ social media promotion of non-fungible tokens is a practise that is “rife with deception.” 19 celebrities were targeted TINA.org wrote on…