Quick Take The Bitcoin mining industry is experiencing a notable shift in its revenue structure. CryptoSlate’s analysis identified a significant increase in the fees miners earn from processing transactions. Last week, these fees exceeded the standard block reward of 6.25 BTC, suggesting a potential shift away from the traditional way…
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The Japanese government has reportedly ended the imposition of unrealized gains tax on crypto assets held by corporations, local media outlet CoinPost reported. In a Dec. 22 cabinet meeting, the authorities reportedly approved the discontinuation of taxing corporations for unrealized gains derived from cryptocurrencies issued by third parties. This policy…
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It has been widely accepted that Bitcoin ETF applications have been the main driver for Bitcoin’s return to the April 2022 level at above $40k. The thesis is simple: with a new layer of institutional legitimacy, the capital pool for Bitcoin inflow would deepen. From hedge funds and commodity trading…
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In the decentralized finance (DeFi) space, each blockchain or protocol can be compared to a unique stall in a bustling marketplace. However, there’s a twist: each trader (blockchain) communicates using their rules and language. While this diversity fosters a hotbed of innovation, it simultaneously presents a formidable challenge — the…
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The U.S. SEC has set a strict deadline of Dec. 29 for companies hoping to launch exchange-traded funds (ETFs) tied to spot Bitcoin price, Reuters reported Dec. 23, citing people familiar with the discussions. This significant development emerged from a high-level meeting on Dec. 21, where SEC officials engaged with…
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The following is a guest post from John deVadoss, the Co-founder of InterWork Alliance. Act One: From a Crisis, A New Institution Emerges On July 30, 2008, the United States Housing and Economic Recovery Act, intended to address the subprime mortgage crisis (which had precipitated the then ongoing Global Financial…
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The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry…
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The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country in a significant reversal of its previous stance. The change was announced through a circular on Dec. 22. It allows Nigerian banks and other financial institutions to resume operations with cryptocurrency service providers. The…
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Yield farming, a concept born out of the decentralized finance (DeFi) ecosystem, has recently gained popularity. Simply, it refers to deploying idle cryptocurrency assets to generate additional returns or rewards. This innovative approach allows investors and users to maximize profits by participating in various liquidity pools and yield farming protocols.…
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…