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πSeems like Halloween is back in January?π»link :
πSeems like Halloween is back in January?π»
πSeems like Halloween is back in January?π»
New week, new possibilities, Geckos!
Lets start off the week with a quick poll: With all the new projects quickly moving up in the cryptoverse, which type of token will be the one to lead the next trend? Let us know what you think! Now, moving on to some interesting news as for the first time in recent history, the perceived impenetrability of a US institution as powerful as The U.S. Treasury has been challenged with the news that hackers have gained access to their internal email traffic. How the perpetrators got into their system? A supply chain attack, the very same type of attack that hackers will use to steal your cryptofunds. The hack is so concerning that it led to a national security council meeting at the White House on Saturday. It's unclear whether any funds have been compromised as a result of the breach. When the incident was reported, the hack seems to be limited to information potentially stolen from government agencies' emails. In today's news, Crypto gets a new tax identity, Aavegotchi plans to bring the fun to DeFi, and President Vladimir Putin demands transparency from his team. Read on! | | |
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| | | eToro gives you everything you need to trade the world's top crypto with ease. Trusted globally by over 13M, our user-friendly platform provides investors of all experience levels with a powerful suite of features and analytics β including a free virtual portfolio so you can practice trading before spending a single dollar.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | The IRS Is Looking At You, Crypto The IRS has officially repositioned the crypto tax question at the top of the 1040 form, removing any room for interpretation on tax around cryptocurrencies. (Editor's Note: The tax question is "At any time during 2020, did you receive, sell, or otherwise acquire any financial interest in any virtual currency?") Most taxpayers are required to fill out Form 1040 and the modification drastically reduces the risk of people missing or ignoring the question. Despite the major change, some tax professionals have raised concerns to the IRS about the wording of the question, since they say it's unclear if buying or holding qualifies as transacting in crypto. TheBlockCrypto | | Aave Makes Lending Fun Aave (AAVE) is hoping to make DeFi more interesting by investing in Pixelcraft studios, the company that's building Aavegotchi (GHST), a blockchain game on Ethereum (ETH). Aavegotchi is preparing for its mainnet launch on January 4th , 2021 by hosting a series of raffles to reward early adopters. Aavegotchi is a playable avatar that represents DeFi collateral that is earning yield on Aave. Users can level up their avatar, customize its appearance and use it to battle spooky little critters. CoinDesk | | "What's In Your Wallet?" - Vladimir Putin Vladimir Putin recently made it a requirement for Russian public officials to disclose their crypto holdings. Anyone who wants to work in the Russian government must disclose their digital assets, as well as those of their spouse and children. They have until June 30, 2021 to declare their crypto assets and a failure to declare crypto holdings on time will incur a fine of 50,000 roubles. TheBlockCrypto | | | Gitcoin is raising $1 million in funding for open source. This enables developers to fund their projects and work for the open internet! Be a part of this historic event by creating a grant, funding a grant, donating to the matching pool, or joining the hackathon. Check out the action here | |
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| Mining PoolCombination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks. There are some that are public and there are some that are private. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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