The non-fungible token (NFT) market has grown into a multibillion-dollar sector of the crypto industry, with top collections like CryptoPunks and Bored Ape Yacht Club trading for tens of millions of dollars or more.Needless to say, it’s been a wild year for NFT investors, who should use the last few weeks of 2021 to prepare for tax season in April.“Right now in December – … [Read more...] about The Top 5 Tax Tips for NFT Investors
Tips
How to spot a rug pull in DeFi, 6 tips by Cointelegraph
In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem. According to a recent report by Ciphertrace, … [Read more...] about How to spot a rug pull in DeFi, 6 tips by Cointelegraph
US agency FBI gives tips on dealing with the rise in crypto ATM fraud
U.S law enforcement agency the FBI has posted a warning about a new type of crypto scam that’s gaining popularity. It involves a scammer convincing a victim to put cash into a crypto ATM to send funds via a QR code.The crypto ATM/QR scamCrypto scams cover a variety of methods, but perhaps most well-known are rug pulls, as exemplified by the recent fraud involving the Squid Game … [Read more...] about US agency FBI gives tips on dealing with the rise in crypto ATM fraud
Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K
Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target.Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and Ethereum’s dip under $2,000 this week, according to Santiment. Ether is currently trading at … [Read more...] about Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K
19-year-old Bitcoin millionaire gives his most UNUSUAL tips on trading
All of 19, Sami Loyal is a crypto and indices trader who dropped out of college a few years ago to pursue his dream of trading full-time. He has since racked up over $1 million in profits and runs a successful YouTube channel under ‘Forflies,’ sharing tips, tricks, and traders with newer traders wanting to emulate his path.You probably saw Loyal at last week’s episode of … [Read more...] about 19-year-old Bitcoin millionaire gives his most UNUSUAL tips on trading