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Koinly is an online crypto tax platform that allows you to monitor all your crypto activities and generate regulatory compliant tax reports. Koinly allows you to integrate your wallets and keep track of activities including trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs. Koinly can be used to automatically import transactions, and monitors all market prices, wallet transfers, calculates your crypto gains/losses, and generates tax reports. The platform is available in over 20 countries and integrates over 6,000 blockchains, 350 exchanges, and 75 wallets and provides a comprehensive crypto tax reporting service. The platform can be used for free with paid plans ranging from $49 to $279 per tax year. Visit Koinly Overview Koinly was founded in 2018 by Robin Singh and the company retains business locations in the UK, US, Sweden, and Germany. The company operates out of retains a presence in Palo Alto, California 95124, ...

The FTX’s demise left the market with an open, untreated wound, making the crypto industry bleed. There are no heroes left – even CZ is in a dour mood. The Domino effect hit after a series of parties stuck in between had surfaced. On November 28, BlockFi, a prominent crypto lender, filed for Chapter 11 bankruptcy in New Jersey. The company is seeking bankruptcy protection , estimating that it had over 100,000 creditors and approximately $1 to $10 billion in assets and liabilities. If you haven’t yet followed the case of Voyager, the proceedings are alike. The Chapter 11 bankruptcy filing, once approved, will grant BlockFi a chance to restructure its business and reduce its debt. BlockFi is also allowed to continue to run its business during the proceedings. BlockFi is On The Block (Sort Of) The creditors of the company consist of Ankura Trust ($729 million), FTX US ($275 million), the U.S. Securities and Exchange Commission ($30 million), and a huge number of other creditors. B...

Without a major crisis, there are no great opportunities. For Cathie Wood, the crises we’re enduring today create buying opportunities. Founder and chief executive of Ark Investment Management joined a virtual interview with Bloomberg on Wednesday , in which she shared her perspectives on the electronic currency after a series of scandalous events shook the entire market. Bitcoin to the Moon Says Wood Wood’s faith in crypto is unshakeable despite the aggravated market conditions. The respected investor stated, “the infrastructure is working beautifully,” given the fact that Bitcoin’s hashrate hit an all-time high earlier this month while Ethereum’s total value staked also skyrocketed. The crisis itself is a destructive process. But destruction can emerge incredible opportunities. Wood went on to state, “Sometimes you need to battle test, you need to go through crises to see the survivors first of all.” Ark Invest’s founder predicted that Bitcoin could surge to $1 million. Last...

The world of traditional and decentralised finance continues to converge, with large financial institutions continually exploring further DeFi integration, and VCs doubling down on web3 investments in the space. Despite the current squalls in the general market, large investors and companies remain undeterred when it comes backing upcoming protocols that will serve to change the way finance is done forever. This is clearly the case for the upcoming launch of Onomy Protocol , who just announced a $10 million raise ahead of the protocol going live. The round saw participation from leading venture funds, market makers, validators and angels in Web3. BitFinex, FSE, UDHC, Avalanche Foundation, CMS Holdings, Galileo, Arcanum, Kyros, Cosmostation, Citadel.One, Forbole, X-Chain Alliance and GD10 all participated. The $10 million raise indicates enormous excitement about the change Onomy is planning to bring to the space. The raise announcement follows extensive coverage of Onomy’s partne...

Every day, money is in and out of the crypto market. When things went smoothly, everything seemed shiny. But things didn’t always go smoothly. FTX’s bankruptcy triggered the selling panic, turning the liquidity shortage of many platforms into a crisis. Amid the turmoil, Binance CEO Changpeng Zhao stepped in on Nov. 14 , announcing the launch of an industry recovery fund to assist strong initiatives that have become stranded in a difficult situation. This is Open Liquidity War Yet it’s not 1907 and Binance is not JP Morgan, the dominant figure who averted the twentieth-century banking collapse. CZ needs more than good intentions, and in order to save struggling firms, he might just have turned to his Abu Dhabi partners. Bloomberg reported last week that Binance CEO made a visit to Abu Dhabi to secure more funds for the recovery plan. The plan, as stated by CZ, is aimed at helping promising projects in the liquidity crises following the FTX crash. To achieve the goal, the prominent...

Peer Inc is a technology company that focuses on consumer electronics, software, and services for the augmented reality metaverse. Not only does aim to shatter the status quo by innovating and driving mass adoption like Bill Gates who brought a PC to every desktop, but Peer also wants to deliver elegant, ease of use which is a relentless focus on the user like what Steve Jobs did with his well-known brand. What Is Peer? Founded in 2021 by Tony Tran, Peer has been a Web3 social network and metaverse ecosystem, built on top of its own high throughput blockchain that is designed to be even faster than Solana and Avalanche. The internet has been developed for over the past 30 years and Web3 now is its next generation. With the next generation of the internet, users not only can own their data but also port them to multiple applications. In addition, creators can be paid via token rewards. Web3 allows the creation of all new media formats never before possible. Also, new business mod...

It’s been the same old story since the dawn of crypto. The problems of dualism in finance always spot on major banks and cryptocurrencies and how traditional finance institutions hate digital assets. Jamie Dimon, JP Morgan CEO, and chairman made it clear previously that he was not a fan of bitcoin . While Dimon has a point, and his stance toward the global’s largest digital currency stays unchanged, his empire itself keeps getting ahead of the crypto game. JP Morgan Wants In According to a filing update from the U.S. Patent and Trademark Office (USPTO), JP Morgan’s trademark registration for a crypto wallet was officially approved on November 15. Registered in July 2020, the freshly trademarked wallet, called “J.P. Morgan Wallet,” aims to facilitate the exchange and transfer of digital assets. According to the notice of registration, the bank could offer more than only crypto services. Mike Kondoudis, USPTO licensed trademark attorney, noted a broad range of different offerings...

About 95% of traders lose money while trading crypto, mostly driven by emotion, FOMO, bad discipline, and poor trading knowledge. Mizar has been developed to help traders be successful by providing them with the tools they need to perform well in the crypto market. If you’re looking for ways to invest in crypto without risking your capital, then Mizar might just be what you need! Mizar Trading Platform Crypto Trading Bots Made Easy There are many people who find trading difficult, but still like to be challenged. While the enthusiasm is apparent, the initial excitement mostly turns into an overwhelming failure. The complexity of trading makes it difficult for beginners (and not only) to understand why certain decisions should be made in one way rather than another. Additionally, when opportunities present themselves, investors have little time to make the right decisions, and we all know how costly making the wrong move can be. For this reason, many traders have turned to syst...

Everything is dropping in the wake of FTX’s bankruptcy but Solana’s plunge has been extreme . The crypto market is suffering deep losses following the dramatic collapse of the FTX exchange. Solana (SOL), a so-called Ethereum killer, having been languishing since the beginning of the year, finds itself in more trouble. On Nov. 17, the Binance platform announced the halting of deposits of stablecoins USDC and USDT via the Solana blockchain “until further notice.” Solana is Getting Hammered Deposits of USDC and USDT tokens on other blockchains stay operative. In the latest update, the top exchange has reactivated deposits of USDT on Solana. Other exchanges including OKX and ByBit also reported the suspension of these Solana-based stablecoins on the same day. OKX said in the initial announcement that it would delist the tokens but the exchange shifted its statement, saying it paused deposits of the tokens. The three major exchanges have yet given any further details about the de...

On Nov. 16, Genesis Global Trading announced it would limit activities on the Genesis Trading platform and Gemini Earn application, including withdrawal suspension. The company cited “unprecedented market turmoil” in its official announcement. Heavily influenced by the bankruptcy of FTX and the previous collapse of Three Arrows Capital, Genesis Trading will pause all withdrawals and new loan supplies, confirmed by Derar Islim, CEO of the platform. All the excitement over the bull market of 2021 has turned into despair. The market is sick and price crashes. It’s a spectacular act of FTX that went down in crypto history, even beating the Terra collapse earlier in June. As a matter of fact, it was a trigger for a financial crisis for any platforms associated with FTX. More Fallout is Coming The crypto withdrawal halting started last week with crypto lender BlockFi’s shocking announcement, saying it would pause all client withdrawals due to FTX and Alameda Research’s liquidity cris...

Regulatory chase after privacy-enhancing coins is imminent but their natural structure may challenge the efforts. The European Union is considering severe restrictions on the use of privacy coins as part of the organization’s anti-money laundering efforts, media reported . The plans were leaked out from an anonymous EU diplomat upon revelation to CoinDesk. More Regulations Are Coming According to the source, the legislative deliberation has been processed, the EU lawmakers could consider banning banks and crypto service providers from using the Internet. If passed, privacy-focused coins including Monero (XMR), Zcash (ZEC), Secret (SCRT), and Dash (DASH) will most likely get hit. In April, the EU legislators voted in favor of controversial measures to ban anonymous cryptocurrency transactions, a move the industry says would stifle innovation and also drive away investors. The parliament seems to make those coins outlawed under stricter regulations. “Credit institutions, financi...