Category: Everything Crypto

Crypto is going through a rough patch this year. First, the declining market, then the hacks and the Terra crash and now this – the FTX collapse.  What started with a simple CoinDesk report on some insights into the balance sheet of Alameda Research quickly turned into one of...

In 2022, the total number of crypto wallets reached over 81 million. And those are just the ones created on Blockchain.com. With cryptocurrency gaining more mainstream attention, the number of new wallets created every day, week, month and year are increasing rapidly. If you’re one of these relatively new...

At its core, DeFi, short for Decentralized Finance, aims to decentralize the entire financial infrastructure to eliminate the middlemen and third parties, like banks, from our everyday transactions.  That was the idea behind DeFi.  Now, whether or not people are using it with that intent is a different question....

The three-year-long lawsuit involving the IRS and how it treats crypto staking taxes finally came to an end a couple of months ago. Or did it?  The IRS never clarified its position on crypto staking. The closest thing we have to that are guidelines for mining rewards, based on...

What does the recent surge in cross-chain bridge hacks tell us? That they are the new favorite targets for hackers.  But why? Almost every day, a new cross-chain protocol gets hacked, and funds get stolen. Is it because cross-chain protocols are more vulnerable to hacks? Or are there any...

Crypto hacks are one of the most pressing challenges stopping the widespread adaptation of crypto and blockchain technology in the traditional finance space.  According to a Chainalysis report, more than $3 billion worth of cryptocurrency has been stolen so far in 2022 alone.  Firstly, in a climate like this,...

In a significant historical event, Ethereum finally shifted from its Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) system on 15 September 2022, as it was always intended to since its very conception in 2013. This is what everyone is referring to as the Ethereum Merge.  By reducing Ethereum’s...

Crypto taxes in Romania are straightforward – All income or profit made from crypto is subject to income tax rates of Romania.  But to understand how crypto taxes work in Romania, you need to know how crypto is treated from a tax perspective. In this guide, we’ll discuss the...

Crypto taxes in the US are as follows –  You pay short-term or long-term capital gains taxes on selling, spending, swapping or disposing of your crypto and income taxes on crypto you receive as income.  Even though the crypto taxation laws in the US aren’t perfect, they are certainly...

Crypto ETFs in the US don’t actually track the performance of any cryptocurrency, for instance, Bitcoin.  Instead, most of the popular ones, like ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF, track the prices of Bitcoin Futures because the US Securities and Exchange Commission (SEC) hasn’t yet approved...