The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Bitcoin mining remained unprofitable throughout Q3
Miners are feeling the hard times, especially with rising debt obligations and difficulty finding liquidity options.
FatMan sounds the alarm on Ronaldinho-backed ‘World Cup Inu’ crypto token
World Cup Inu tokenomics raise suspicions of another rug pull, but supporters say everything is above board.
CryptoSlate Daily wMarket Update – Oct. 19: Polkadot leads stagnant top 10 with marginal 24 hour gains
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
CryptoSlate Wrapped Daily: IRS classifies NFTs as digital assets; retail investors group seeks to track down Do Kwon
Cardano NFTs could be next gold rush as ‘Ford Edwards’ sells for $65,000, Terra Classic community reduces tax burn to 0.2%, and much more in this edition of CryptoSlate Wrapped Daily.
UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry
Carolyn Wilkins said that protocols need to re-examine their decision-making process which is largely "centralized" and adopt best practices to improve their transparency so as to retain the trust of investors.
Bitcoin, DeFi space see light, NFT market declines in Q3
In July, the cryptocurrency market cap reached a low of $903 billion, but it recovered significantly in Q3 and reached $1.2 trillion in August.
Island nation of Madeira hopes to copy El Salvador’s Bitcoin success
Members of the advisory board discuss how the push for Bitcoin adoption is panning out in Madeira at Bitcoin Amsterdam.
Research: Bitcoin mining could help slow climate change
Using methane that would be burned or released into the atmosphere for crypto mining could not only make Bitcoin carbon-neutral, but also help it reduce global emissions by as much as 2%.
Top 10 metaverse tokens tank as interest wanes
After the hype of 2021 saw the value of metaverse lands ballon to astronomical heights, the value of these lands have now drastically declined.
Blockchain advocacy groups file motion to support Grayscale in lawsuit against SEC
The advocacy groups said the SEC's refusal to approve a spot Bitcoin ETF limits American investors' choice, which is a violation of the Administrative Procedures Act.
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.
Israel moves to avail government bonds via blockchain
Israel will look to reduce costs and shorten the duration of issuance and clearing of government bonds using blockchain technology.
Cardano NFTs touted as next gold rush after ‘Ford Edwards’ sells for $65,000
Members of the crypto community expect Cardano to be the next chain for a boom in NFTs. Data shows an uptick in volume this week.
Terra LUNA Classic community reduces tax burn to 0.2%
The LUNC community passed Proposal 5234 to reduce the tax burn from 1.2% to 0.2%.
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.