Bitcoin has continued to move rapidly without a clear upward or downward movement with the price not yet showing clear signs of stability. The height of the stagnation of the leading digital asset was seen after it stood at $9,000 most of the time.
Three big blockchain companies, Cosmos, Polkadot, and Terra have teamed up to develop a DeFi savings product that aims to offer reliable interest rates on stablecoin deposits. The product, which will be called ‘Anchor’, was announced at the still ongoing Unitize conference on July 6th.
Tokens are actually an old concept. Indeed, if we think of the original gold notes jewelers gave those depositing precious metals with them, we would realize that tokens were the original form of money. Nowadays, physical tokens are still very much in use, such as casino chips used to represent the money deposited in the…
The selection of this week’s most interesting coins consists of three cryptocurrency projects that are expected to benefit from the upcoming upgrades, announcements, and other events, both in terms of attention and valuation.
![Do You Need to Pay Taxes on Crypto? [In Collaboration]](https://staging-blog.coincheckup.com/wp-content/uploads/2020/06/kelly-sikkema-wgcUx0kR1ps-unsplash-scaled.jpg)
By now, you probably already know some of the biggest advantages surrounding crypto, which might be why you invested in it in the first place. But, like any other form of income, you do need to pay taxes on it. According to the IRS, there are two ways in which you’d have to pay. Let’s…