In May 2021, a Nashville couple known as the Jarretts filed a lawsuit against the United States Internal Revenue Service (IRS) over taxes they had paid on unclaimed and unsold Tezos (XTZ) staking rewards. At the beginning of February, news broke that the lawsuit filed by the Jarretts had come to an end, resulting in the IRS issuing the couple a tax refund for $3,793. Confusion among crypto holders Not long after this news made headlines, confusion among the crypto community piqued. One crypto media publication sent a tweet from its official account on Feb. 2, 2022, saying, “BREAKING: IRS …

The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires. This was the case with the weak close of 2021 which completely went against the bullish $100,000 BTC price estimates that crypto analysts and influencers were peddling nonstop. Currently, Bitcoin price is more than 50% away from its $69,000 all-time high and altcoins have fared worse, with many down more than 60% in the …

Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year. Paxful on Wednesday announced the launch of “La Casa Del Bitcoin,” a new educational and training center in El Salvador to enable free learning opportunities related to BTC. https://t.co/qSPHy997JJ — Paxful (@paxful) February 2, 2022 As part of the effort, Paxful will hold educational workshops and talks focused on Bitcoin and financial inclusion in the country. The center will focus on growing awareness around the benefits of buying and selling BTC as a means …

NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists generated at least $1 million in the past 30 days from selling NFT artwork. It’s also notable that NFT transactions have continued to increase, despite recent slumps in the crypto market. Yet with so much revenue being generated over a short period of time, some may be wondering how NFT creators are applying these new …

In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com to support educational and workforce development opportunities focused on Web 3.0. Specifically, as told by local news outlet Akron Beacon Journal, the partnership will help 1,600 kids in LeBron James' hometown of Akron, Ohio about the technology behind cryptocurrencies and how it will benefit their career paths in the future. "Blockchain technology is revolutionizing our economy, sports and entertainment, the art world, and how we engage with one another. I want to ensure that communities like the …

Gender is associated with both psychological and demographic factors when it comes to crypto investment, new academic research revealed. A new study has shed light on the differences between men and women in different aspects of crypto trading and investment, revealing that 60% of women have very limited or no knowledge about crypto assets, a critical element affecting investments, while two-thirds of men have a medium and high level of understanding of crypto. Better overall knowledge leads to taking more risks, as men follow their investments more frequently than women and do not avoid taking more risks, the study found. …

Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether (ETH). TCF Chief Financial Officer David Fuhriman said one percent of the total crypto holdings would be withdrawn quarterly to fund campus activities that aim to discover how the university could interact with crypto, such as working on a system that permits broader digital transactions within the university. Meanwhile, the rest of the funds will be converted into BTC and will not …

Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event. Through this sponsorship, Binance will also be promoting CAF’s social media content which will include the Assist of the Day, Assist of the Week and Assist of the Tournament. This content will cover games from five cities in Cameroon across all six venues. …

This year, new research showed that there’s still a long way to go before there is gender parity in the crypto and blockchain space. WEF’s April Global Gender Gap Report 2021 found that it will take close to 135.6 years to close the gender gap due to the COVID-19 pandemic. However, that hasn’t stopped these women who used blockchain technology and cryptocurrency to tackle a whole range of social issues ranging from girls’ education in developing countries to the wealth gap in black communities in the United States. In no particular order, these 10 women are changing the world using …

As the new year rapidly approaches, people are thinking about what they can do to make 2022 even better than 2021. With so much anticipation for cryptocurrency in the coming year from government policymakers and market action, it’s no wonder that some in the crypto industry have ambitious resolutions for the new year with how they will help to shape the industry for the better. National governments have taken steps to increase the global adoption of blockchain technology right up to the end of 2021. Late in the year, governments from Australia, Kazakhstan, Brazil and the Eastern Caribbean launched, or …

On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible tokens, or NFT, drops, storytelling content about NFTs and crypto, as well as showcasing Coinbase's recent growth in the sector. According to the announcement, there will additionally be a philanthropic integration with the Kevin Durant Charity Foundation. Coinbase is currently the third-largest centralized cryptocurrency exchange in the world by trading volume. At the time of publication, there is currently a …

Pashtana Durrani, the founder of an organization working to make education available to women and girls across Afghanistan as the country remains under Taliban rule, said the Islamic fundamentalist group has poor financial literacy, especially when it comes to crypto. In a Wednesday interview with political commentator Tommy Vietor from Pod Save the World, LEARN Afghanistan founder Pashtana Durrani said the international community — particularly the United States — should consider removing the sanctions imposed on Afghanistan and unfreezing funds controlled by foreign governments. According to Durrani, limiting foreign aid to Afghanistan through nongovernmental organizations (NGOs) and other entities gives …