Trading
Taxes
US tax watchdog classifies NFT as digital assets for tax purposes
NFT investors must report all taxable NFT incomes for the 2022 tax year as the IRS now considers NFTs digital assets like cryptocurrencies.
Analysis
Here’s why Aptos (APT) crashed 45% on first day of trading
On Binance, APT's value briefly spiked to as high as $59.39 before crashing to under $10.
NFTs
Ripple’s XRPL to soon support NFTs
Ripple has announced the second wave of creators receiving funding for their web3 and NFT projects.
People
Buterin advocates for censorship tolerance in special cases
As of press time, 53% of ETH blocks produced were OFAC-compliant in the last 24 hours.
Banking
Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation
Federal Reserve Bank Vice Chair Michael Barr called on Congress to take action and provide an actual strong federal framework that will allow proper regulation of stablecoins.
Hacks
BitKeep suffers $1M hack
BitKeep has promised to repay victims of the hack while promising rewards for anyone with information to help recover teh stolen funds.
Technology
Ripple starts testing XRPL sidechain compatible with Ethereum
The sidechain would run 1000 transactions per second (TPS) and it would be compatible with Ethereum applications like Metamask, Remix, and Truffle.
Mining
Bitcoin Association pursuing criminal charges against miner mining empty blocks
Bitcoin Association further accused the miner of coordinated distributed denial-of-service (DDoS) attacks on key network infrastructure and services.
Legal
Texas is investigating FTX US, Sam Bankman-Fried over unregistered securities offerings
TSSB Director of Enforcement declared that FTX US should not be allowed to purchase Voyager's assets because of these infractions of the securities law
Price Watch
Quant rises over $200 after surging 100% in 30 days
An analyst on Tradingview pointed out that Quant is in the overbought zone, as its asset's Relative Strength Index (RSI) was over 75 at press time.
Adoption
Hoskinson says banks are marketing crypto with their actions after Kanye West, JP Morgan fallout
Cardano founder Charles Hoskinson made the statement in reaction to a picture of Kanye West wearing a cap with a Satoshi Nakamoto inscription after he was de-banked by JPMorgan.
DeFi
Mango Market exploiter says action was ‘legal’
The Mango community will hand the exploiter a record bounty of $47 million.
