Author: American Coins & Gold

What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology
The OKB token will be used for gas fees on the new chain, which comes as rival crypto exchanges including Coinbase and reportedly Kraken are pursuing their own layer-2 projects.

OMG Token Surges 16% as Vitalik Buterin Hails the 'Return of Plasma'
OMG, the native token of the OMG Network, surged 16% to a six-month high of $0.77 after Ethereum creator Vitalik Buterin published a blog post on how Plasma, the technology the network is based on, has the potential to reduce transaction fees and improve security.

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps
The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.

Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs

Circle to Enable Cross-Chain USDC Transfers With Cosmos's Noble Later This Month
Decentralized exchange dYdX will be the a user of CCTP, as the project expands beyond Arbitrum, Base, Ethereum and Optimism.

U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%
In addition to the headline beat, core CPI unexpectedly declined last month.

First Mover Americas: Goldman Leads Blockchain Firm Fnality Raise of M
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

GROK Dumps 50% as Links to Failed Projects Halts AI-Inspired Token's Rally
It reached a $160 million capitalization on Monday, amassing over 13,000 holders and trading over $25 million in volume on decentralized exchanges.

GROK Dumps 50% as 'Scammer’ Links Halts AI-Inspired Token's Rally
It reached a $160 million capitalization on Monday, amassing over 13,000 holders and trading over $25 million in volume on decentralized exchanges.