Fintechs like PayPal are taking note of DeFi, says Uniswap

Uniswap’s growth lead, Ashleigh Schap, has hinted that the company has possible deals in the works with major trading and payments platforms including PayPal, E*Trade, and Robinhood.
The post Fintechs like PayPal are taking note of DeFi, says Uniswap appeared first on CryptoSlate. …

US senators eye the crypto market for potential $28 billion in tax revenue 

US President Joe Biden and the bipartisan group announced the details of a historic $550 billion federal investment in the country’s infrastructure as the Senate intends to tighten crypto taxes in order to raise $28 billion that would contribute to the funding, Bloomberg reported.
The post US senators eye the crypto market for potential $28 billion in tax revenue  appeared first on CryptoSlate. …

Bitcoin went to $58,000 the last time this price action happened. It’s back

Bitcoin closes seven consecutive daily green candles, putting it on track for the longest winning streak in 2021.
The post Bitcoin went to $58,000 the last time this price action happened. It’s back appeared first on CryptoSlate. …

Over 300 ETH lost to ‘failed transactions’ upon Stoner Cats NFTs launch

On-chain data shows users have lost just under 310 ETH due to failed mints of Stoner Cats NFTs.
The post Over 300 ETH lost to ‘failed transactions’ upon Stoner Cats NFTs launch appeared first on CryptoSlate. …

After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far”

The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability.
The post After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far” appeared first on CryptoSlate. …

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction.
The post Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021 appeared first on CryptoSlate. …