January 6, 2023

Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs

Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs

After the 2021 boom, the hype that fueled non-fungible token (NFT) trading has died down. Cryptocurrency prices have plummeted from their previous highs, and widespread interest in digital collectibles has waned, driving NFT prices lower. But the extended crypto winter has arrived with a potential silver lining: tax loss collection, where NFT enthusiasts can sell …

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Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Rather than enduring a protracted bankruptcy process, some investors with claims on FTX, Celsius Network, BlockFi, and Voyager Digital are looking to transfer their claims to others. According to data from crypto claims trading startup Xclaim, there are at least hundreds of investors affected by the recent collapses of crypto platforms FTX, Celsius, BlockFi, and …

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Huawei Research Indicates Metaverse Infrastructure Isn’t Ready

Huawei Research Indicates Metaverse Infrastructure Isn’t Ready

Huawei, a Chinese multinational telecommunications corporation, believes that existing telecommunications infrastructure is insufficient to meet the Metaverse’s requirements but that 5G and 6G networks may be. The remarks were made by Abhinav Purohit, Chief Expert on Business & Strategy Consulting for Huawei’s Middle East region. On December 20, he published a three-part blog series focusing …

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Ethereum bulls awaken after four years to transfer 22,982 ETH.

Ethereum bulls awaken after four years to transfer 22,982 ETH.

Genesis and Poloniex, the trading platforms from which the Ethereum tokens in question originated, were found to have moved a total of 13,103.99 and 9,878 ETH, respectively. When the market is volatile due to a bear market, cryptocurrency investors frequently stick with Bitcoin and Ether to avoid experiencing any short-term losses. As a result, the …

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