People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits. Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab. An April 10 CoinGecko report found most considered how…

The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH. Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The…

A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes. The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…

Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and is at…

The amount of ETH being staked monthly has recently dipped according to the on-chain analytics platform Glassnode. Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12. On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking…

Only users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies CertiK…

A new proposal asks the Arbitrum Foundation to return 700 million ARB tokens after community backlash. Voting ends on April 14. The Arbitrum community has initiated a new proposal requesting the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury. The move comes after the Arbitrum Foundation transferred the funds without receiving the community’s…

Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO. Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they…

While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether’s price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether, the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as it…

Web3 is evolving rapidly, but mass adoption is still a mirage. According to the latest data released by Statista, the number of internet users around the world reached 5.16 billion in January 2023, representing a staggering 64.4% of the worldwide population. Undoubtedly, the world is consistently digitizing while technology continues to advance in parallel, bringing about…