Day: December 1, 2021

Cryptocurrency

US lawmakers introduce bipartisan bill to modify a crypto tax provision in Biden\’s infrastructure deal

US lawmakers introduced a bipartisan bill Thursday that seeks to modify a cryptocurrency tax provision in President Joe Biden\’s newly passed infrastructure deal. The Keep Innovation in America Act, led by Representatives Patrick McHenry (R-North Carolina) and Tim Ryan (D-Ohio), is meant to clarify the definition of a crypto \”broker\” as spelled out in the […]

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Cryptocurrency

Rapper Snoop Dogg and producer Deadmau5 are planning to invest in the metaverse

American rap artist Snoop Dogg and Canadian producer Deadmau5 are planning to invest in the metaverse by joining Outlier Ventures, a venture capital firm, as strategic members. In their new roles, Snoop Dogg and Deadmau5 will invest in, advise, and collaborate with startups through Outlier Ventures\’ Base Camp accelerator. Other new members include Sandbox co-founder […]

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Cryptocurrency

Stephen Colbert called Logan Paul \’getting punched in the head\’ by fellow YouTuber KSI a \’great\’ sports memory

Stephen Colbert said Logan Paul \”getting punched in the head\” in a boxing match was a great sports memory in a segment about the Staples Center\’s name change announcement. During Wednesday night\’s episode of \”The Late Show With Stephen Colbert,\” the comedian and talk show host referenced Paul\’s 2019 boxing match with Olajide Olatunji, or […]

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Cryptocurrency

Bitcoin investors love the golden cross and death cross — here’s why they matter but there are other factors to keep in mind

They say you cannot apply traditional wisdom when it comes to the crypto market, but that doesn’t necessarily mean you can’t track it using some traditional means. Many in the Bitcoin trading game use the strategy of following the ‘golden cross’ or the ‘ death cross’ when it comes to long term investment in Bitcoin […]

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Cryptocurrency

US stocks edge lower as investors eye impact of inflation on corporate earnings

US stocks slipped on Monday, with investors weighing the impact of inflation on future earnings and whether US companies can continue to handily exceed estimates as they had done in the third quarter. Coming up, the market will be eyeing retail sales figures from the Commerce Department on Tuesday and earnings from big box retailers […]

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Cryptocurrency

US stocks trade mixed as rising COVID-19 cases weigh on economic recovery prospects

US stocks traded mixed Friday as rising COVID-19 cases weigh on economic recovery prospects. The S&P 500 slipped after the benchmark index closed at an all-time high Thursday as corporate earnings continued to impress investors. The Dow Jones Industrial Average edged lower while the tech-heavy Nasdaq-100 gained slightly. Here\’s where US indexes stood at the […]

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Cryptocurrency

Fiat money: Currencies that derive their value largely through trust in the governments that issue them

Fiat money is the term used to describe currencies that are backed by the government that issued them and aren\’t aren\’t tied to the value of a physical commodity such as gold or silver. They derive their value largely through the public\’s trust in the issuers. Most of the currency in the world is now […]

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Cryptocurrency

The NFT market is now worth more than $7 billion, but legal issues facing the nascent sector could hinder its growth, JPMorgan says

The NFT market has seen explosive growth this year as sales of the digital art items hover at a monthly rate of about $2 billion, JPMorgan said in a Thursday note. That\’s a big increase from monthly sales volume of about $400 million at the start of the year, and it has helped drive the […]

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Cryptocurrency

US futures trade mixed after stocks hit record highs, while bitcoin continues to slide

US stock futures were mixed Friday after the S&P 500 and Nasdaq hit record highs the previous day, as investors became more optimistic about the economic outlook. Elsewhere, however, bitcoin fell for the fifth day in a row. It traded at around $56,878, well below a record high of above $68,000 touched just over a […]

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Cryptocurrency

Most NFTs could end up being dead web pages according to a skeptic who just right-clicked and downloaded all of them

Geoffrey Huntley has the ultimate right-clicker mentality. In a project titled, \”The Billion Dollar Torrent,\” the Australian software and DevOps engineer right-clicked and downloaded every non-fungible token on the solana and ethereum blockchains. The nearly 20-terabyte index appeared on The NFT Bay, a concept derived from the well-known torrent site The Pirate Bay, on Thursday. […]

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