New York financial regulator sets crypto guidelines for banks The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operations. Banks must submit business plans before engaging in crypto In a statement issued Thursday, the NYDFS announced that banking institutions domiciled in the state must submit a business plan […]
Crypto Holiday Gift Guide 2022 The season for giving is upon us. Whether you're looking for a Bitcoin-themed stocking filler that won't break the bank or a little bit of luxury for the DeFi degens in your life, Decrypt has you covered. Note: This post contains affiliate links on which Decrypt earns a small commission, at no additional cost to […]
How to Make an NFT for Free & Sell It: A Beginner’s Guide Making money by creating and selling NFTs has become alluring for digital creators looking to earn a living. High minting fees have, however, become a deterrent, creating a barrier to entry for artists and creators who can't afford them. Fortunately, you can now make an NFT for free and sell it on leading marketplaces. Read […]
A Simple Guide On How To Create A Bitcoin Casino Bitcoin casinos are on the rise and the truth is that this trend will be sustained for a long time, provided that cryptocurrencies continue to offer unique advantages and benefits and that the demand for bitcoin skyrockets. In fact today it is impossible to have a precise view of the crypto gambling site lists or […]
How To Buy Bitcoin Anonymously: A Privacy & Security Guide Privacy matters, it is a fundamental human right, and once you go down the Bitcoin rabbit hole, you realize how important it is to sacrifice a little convenience for better protection of your wealth and identity. This article will guide you through the best practices and tools to buy BTC anonymously while developing a case […]
US IRS Releases New Reporting Guidelines for Digital Assets Source: AdobeStock / pabrady63 The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well. The IRS’ draft 2022 tax year guide has placed cryptocurrencies, stablecoins, and NFTs into the same category of ‘digital assets’ for taxing purposes. It stated that, […]
Ep03- OneCoin – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast Good news! Since OneCoin is back on the news and “The Missing Cryptoqueen” already released an 11th episode, proving that they’re back for real, we’re going to hit the accelerator. Starting today, we’ll summarize two episodes a week to catch up with the new developments in Dr. Ruja’s case. We hit the nail on the […]
How to Guide: Debunking ESG This article is featured in Bitcoin Magazine's "The Orange Party Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Not having Bitcoin would be the net waste.” –Satoshi Nakamoto No Free Lunch […]
IRS 2022 Tax Guidelines to Treat NFTs as Stablecoins, Cryptocurrencies The U.S. Internal Revenue Service (IRS) has given NFT investors new clarity about how the assets are set to be taxed. As per the IRS’ 2022 tax year guide, all “digital assets,” including stablecoins, non-fungible tokens (NFTs), and cryptocurrencies are set to be taxed under the same rules. This is a departure from the 2021 […]
New crypto accounting guidelines could ‘smooth the way’ for adoption The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency. During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at […]
A Beginner’s Guide to TradingView Crypto Trading Bots A TradingView bot keeps a watch on alerts from a user’s TradingView account and makes pre-set actions in real time. Alerts can be set based on price levels, one particular indicator or multiple ones. The software collects huge volumes of data, related to crypto markets in real-time. This info is analyzed according to pre-defined trading […]
A Bitcoin Online Casino Guide, Are They Safe? Whenever we try out a new online site, the first question to pop into our minds is ‘is this safe’? We have spent years being told to be cautious on the internet because you can easily fall into a trap and have your money stolen from your account. You can’t blame people for being skeptical […]
A Bitcoiner’s Guide To Bitcoin Amsterdam This is an opinion editorial by Chris Smith, the events ticketing manager for BTC Inc. Disclaimer: BTC Inc. is the parent company of Bitcoin Magazine and the Bitcoin Conference. A lot has happened in the past three months since Bitcoin Amsterdam was announced. An orange wave has taken over the city as Bitcoiners from around […]
Best Cryptocurrency Tax Software: Complete Guide to the Top Options The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation […]
Where to Buy Sweat Economy (SWEAT) Coin: Beginner’s Guide Exercise is good for the body, but how much we exercise at any given time depends on a number of factors, including our level of motivation, our level of weariness, and the equipment available. The move-to-earn project, Sweatcoin, offers rewards of a new generation cryptocurrency, SWEAT, for the physical activities of its users. Sweatcoin has […]
US SEC’s Crypto Guidelines Increase Costs For Lenders The accounting guidance from the US Securities and Exchange Commission (SEC) has upended the cryptocurrency projects of banks. According to people with knowledge of the matter, this is because the guidance would make it too capital-intensive for banking institutions to hold crypto assets on behalf of their customers. Banks According to media reports and their […]
Insiders’ guide to real-life crypto OGs: Part 1 Crypto OGs — slang for Original Gangsters — have acquired almost a mythical and godly reputation in an industry populated with libertarians, anti-government rebels, innovators, get-rich-quick scammers, hackers and degen investors with rampant gambling addictions and toxic social media behavior. Who are these OGs exactly? Unlike the rich and powerful in the traditional finance and […]
Celsius Shortfalls, Ethereum Dates, Federal Guidelines, Canadian Caps and 20 Crypto Jokes Another week filled with ups and downs in the crypto market. This time, it was Acala Network’s turn to get hacked, which was in line with the latest Chainalysis report that found an increase in crypto hacking and theft indices this year. Meanwhile, Terra’s Do Kwon sparked more Twitter drama. Further, Celsius Network revealed a […]
Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’ Source: AdobeStock / Tryfonov The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.” Reserve bank master accounts let institutions gain direct access to the Fed’s payment systems. Without this access, firms must team up with […]
DApps Scaling – A Detailed Guide For Beginners and Professionals In the fast-moving world and rapidly developing decentralized applications (dApps), there are multiple industries where blockchain has found its applications. Many blockchains that primarily existed in the crypto world are isolated from one another due to which the users have to face trouble in moving assets from one network to the other. The absence of […]
