2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume.The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x … [Read more...] about 3 things every NFT investor should know to avoid a tax nightmare
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NFT Scams: How to Avoid Falling Victim
If you Google “NFT scams,” the results will likely lead you down a rabbit hole filled with, in some cases, actual cartoon rabbits.Non-fungible tokens (NFTs) have exploded into a multibillion-dollar sector of the crypto industry in the last 12 months alone. Top collector’s items, such as rare pieces from the Cool Cats and Bored Ape Yacht Club collections, trade for upwards of … [Read more...] about NFT Scams: How to Avoid Falling Victim
QuickSwap lets users avoid Ethereum transaction fees with Polygon
As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain … [Read more...] about QuickSwap lets users avoid Ethereum transaction fees with Polygon
New to Bitcoin? How to Stay Safe and Avoid These Common Bitcoin Scams
In any such unsolicited email, make sure you look at the sender’s address. A key clue in any phishing email is a slight misspelling of a real address or URL. For example, with the Ledger phishing scam, the email was from a “legder.com” URL, which is misspelled. An attacker will try to make the incoming email seem as real as possible, so always double-check. Another tip is to … [Read more...] about New to Bitcoin? How to Stay Safe and Avoid These Common Bitcoin Scams
‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends
The Indian government should avoid a ban on private cryptocurrencies, according to a report by Indian non-profit organization Centre for Internet and Society (CIS), which has been cited by lawmakers for reference in the past.The report comes as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies. But first it needs … [Read more...] about ‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends