The world of cryptocurrency is witnessing a boom in accessibility, with Bitcoin ATMs leading the charge. From a meager 10,000 in October 2020, the number of these cash-to-crypto converters has ballooned to over 38,000 globally. This surge isn’t just a fad; experts predict continued growth fueled by a perfect storm of convenience, profitability, and strategic […]
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year. Under the new framework, crypto brokers, hosted wallet services, and digital asset outlets must file 1099 tax […]
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Non-fungible tokens (NFTs), once hailed as the future of digital collectibles, experienced a sharp downturn in June. According to the crypto analytics platform Artemis, the NFT sector recorded the worst performance among 21 sectors, with a staggering 51.5% decline. This trend raises concerns about the sustainability of the NFT market. Sales Slump Across Major Blockchains: […]
Italian cryptocurrency wallet provider, Conio, has announced a new open banking partnership with Mesh Connect, a digital asset integration platform headquartered in the US. The partnership will allow Conio’s 430,000 users to access ten leading cryptocurrency exchanges directly through the Conio app. This integration eliminates the need for cumbersome processes such as scanning QR codes […]
What is MapleStory N? MapleStory N is an upcoming PC-based MMORPG that integrates blockchain technology into the popular MapleStory IP. Players will navigate a virtual world enriched with NFTs, enhancing in-game item ownership and economic interactions. Whilst the gameplay at its core is similar to the previous MapleStory titles, the way you progress and obtain […]
The European Union has intensified its antitrust scrutiny on AI deals, starting with high-profile collaborations between Microsoft-OpenAI and Google-Samsung. Margrethe Vestager, the European Commission’s executive vice president for competition policy, warned that AI is “developing at breakneck speed” and revealed that multiple preliminary investigations are underway into various AI-related market practices. Her concerns about potential […]
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