Bitcoin Closes Strongest Week Since October 2021 - Regains $40K
ETH/BTC Ratio Bounces Off Key Support - Signals Extended Bull Run
MACRO NEWS
Solana Hacked Once Again Via Wormhole Bridge, Loses Over $320 Million...
Solana (SOL) has suffered a major setback as a result of a recent $322 million breach on its Wormhole bridge. SOL fell during the uncertainty surrounding wETH's support for the bridge, although it has since recovered slightly.
Nonetheless, a sizable portion of investors and traders are growing increasingly wary about backing Solana
Staking Rewards May Not Be Taxed Until Sold, According To The IRS...
The Internal Revenue Service (IRS) has agreed to offer a refund to a Nashville couple who sued the IRS over taxes they paid on unclaimed and resold Tezos staking rewards.
The ruling might establish a precedent for future guidance on how to tax cryptocurrency earnings generated via staking.
Russian Leader Comes Out Rejecting Central Banks Recommendation For Crypto Ban...
President Vladimir Putin has indicated that he will support a Russian government proposal to tax and regulate cryptocurrency mining, thereby rejecting the central bank's recommendation to completely ban it.
India Reveals Plans For Central Bank Digital Currency, And Crypto Taxation Ambitions...
India has just revealed plans to develop a central bank digital currency (CBDC) by next year and tax cryptocurrencies as well as NFTs, as the government inches closer to officially recognizing cryptocurrency assets...
Nobody is getting shocked nowadays by the recent news. The cryptocurrency industry has been quite shaky over the past few months and the most recent blow was made by Russian President Vladimir Putin...
WELCOME TO THE LARGEST AND LONGEST RUNNING ETH EVENT IN THE WORLD
ETHDenver is a member-owned Community Innovation Festival. With the genesis of SporkDAO in June of 2021, ETHDenver is the first event based DAO in the world.
We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.
