Posts

Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

A new website called Ordinals Scrapyard is allowing users to see exactly how much money they’ve lost buying inscriptions — and harvest the losses for tax reporting purposes. The site is an embarrassing bookend to a series of stories about the theory that Ordinals could bring NFT trading onto Bitcoin’s blockchain despite its popularity on other chains like Ethereum and Solana.  Despite being heralded in early 2023 by Bitcoin developer Casey Rodarmor as a Bitcoin-native protocol for minting, buying, and selling collectibles, the floor price of most inscriptions has now fallen to $0.001. Indeed, prior to the website’s launch, most inscriptions had no bid whatsoever and the vast majority of purchasers minted or purchased their NFTs once and now could not resell them . ORD, a centrally maintained and off-chain record-keeping system, attempted to chronologically number each sub-unit of every bitcoin (BTC) in existence. By tracking these satoshis or ...

Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Michael Saylor’s Strategy Buys Another $217.4 Million Bitcoin

Image
Strategy, the Bitcoin treasury firm led by Michael Saylor, has bought an additional $217.4 million worth of BTC. According to a Sept. 8 8-K filing with the US Securities and Exchange Commission (SEC), the company bought 638,460 BTC between Sept. 2 and Sept. 7 at an average purchase price of $111,196.  Strategy’s latest Bitcoin purchase was funded by the proceeds from at-the-market sales of its Class A common stock, MSTR, perpetual Strike preferred stock, STRK, and perpetual Strife preferred stock, STRF.  Relentless Dilution, Underperformance Saylor said on X that Strategy’s holdings now stand at 638,460 BTC, or 3% of Bitcoin’s 21 million supply, acquired for $47.17 billion. The average acquisition price for these coins is around $73,880, he added. Strategy has acquired 1,955 BTC for ~$217.4 million at ~$111,196 per bitcoin and has achieved BTC Yield of 25.8% YTD 2025. As of 9/7/2025, we hodl 638,460 $BTC acquired for ~$47.17 billion at ~$73,880 per bit...

Shiba Inu is Deflationary, Dogecoin is Not: Can SHIB Beat DOGE?

Image
Shiba Inu (SHIB) and Dogecoin (DOGE) are two of the biggest memecoins in the crypto market. Both assets have had incredible growth over the last few years. DOGE has the upper hand in entering the game first, making its debut in December 2013. SHIB, although a much newer project, has seen stellar adoption in its five short years. However, both assets work in very different ways. Let’s discuss which memecoin will take the throne. Shiba Inu Vs Dogecoin: Can Deflation Help SHIB Win? Source: Bankrate One of the most stark differences between Shiba Inu (SHIB) and Dogecoin (DOGE) is SHIB’s deflationary nature. SHIB has a fixed supply of about 589 trillion coins. DOGE, on the other hand, does not have a fixed supply. DOGE tokens are minted nonstop via mining. There are about 150 billion DOGE tokens in circulation right now. SHIB also has a burn mechanism that reduces SHIB’s supply over time. SHIB’s deflationary nature may help the asset reach high prices as time passes. ...

BRICS Report Mentions XRP Ledger for Cross-Border Trade

Image
BRICS XRP Ledger has actually emerged as a key technology mentioned in official BRICS documentation for cross-border trade solutions. The report explicitly references the XRP Ledger’s escrow model as a potential automated payment system, marking the first formal acknowledgment by a major economic bloc representing around 40% of global population. Also Read: XRP $50.000 Forecast Revives Buzz From Forbes’ Hidden $59,472 Article Exploring BRICS XRP Ledger, How It Works and Its Role in BRICS Pay Source: AFP Official BRICS Documentation Discovery Crypto enthusiast Kenny Nguyen shared slides revealing that crypto researcher SMQKE discovered explicit references to BRICS XRP Ledger in official documentation. The report was found to examine blockchain applications for trade finance and positions virtual escrow accounts to ensure funds are available once contractual conditions have been met. Source: Kenny Nguyen on X The mention directly links to BRICS Pay development, which is being descri...

Bitcoin To $175k, Ethereum To $17k Before Dot-Com Style Crash, Economist Warns

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

BRICS Invests $2.02 Billion in Malaysia

Image
The BRICS alliance has invested over 8.54 billion ringgit, equivalent to $2.02 billion, in Malaysia in the first quarter of 2025, according to the latest figures provided by the country’s Ministry of Investment and Trade. The investments are diversified into various sectors to promote Malaysia’s manufacturing sector, green technologies, digital economy, and infrastructure. Investments in the services sector amounted to 270 million ringgit, which is about $63.8 million. Also, 96% of the investments have directly gone to the manufacturing sector. Also Read: Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan Malaysia is receiving an influx of investments from BRICS as it is a partner country of the alliance. These projects and investments are estimated to create more than 6,000 jobs in the workforce. “The approved investments between January and March 2025 are expected to create 3,990 job opportunities in the manufacturing sector and 2,837 in the services se...

Two Gaming Altcoins Go Parabolic After Binance Suddenly Adds Trading Support

Two gaming-focused altcoins are rallying after getting perpetual futures trading support from Binance, the world’s largest crypto exchange by volume. In a new announcement, Binance says it has added support for Aria.AI (ARIA) and OVERTAKE (TAKE) to Binance Futures. Amid the news, the native token of Aria, a Web3 open-world role-playing game developed by Inutan Studios, surged to more than $0.14 on Wednesday, a gain of more than 53% from Tuesday’s low of $0.096. ARIA has since retraced and is trading for $0.11 at time of writing, up 19.1% on the day. With a market cap of $21.2 million, the altcoin, built on the BNB blockchain, is the 1,281st largest crypto project. ARIA celebrates the Binance support on X. “This is just the beginning – AriaAI is built to grow with our community, and every step forward is thanks to you. Let’s keep building, playing and creating the future of AI x Web3 gaming together.” Meanwhile, TAKE, the nat...

Can XRP rally to $13 in 40 days? This analyst thinks so

Image
XRP could be on the verge of an explosive rally that might send its price to $13 within just 40 days, according to crypto analyst Tony Severino. That price target represents a 359% increase from XRP’s current level of $2.83.  XRP seven-day price chart. Source: Finbold If reached, XRP’s market cap would surge to about $772 billion, potentially making it the second-ranked cryptocurrency, assuming Ethereum (ETH) records minimal growth during the same period. Severino’s outlook shared in a September 3 X post is based on Elliott Wave Analysis , which highlights recurring structures in XRP’s long-term chart, where a corrective consolidation typically follows each impulsive upward move. XRP price analysis chart. Source: TradingView The Analysis shows that past rallies in XRP unfolded over six-bar, 42-day windows, delivering massive gains.  XRP past explosive growth  For instance, XRP surged 1,903% in just 42 days during the 2017 cycle, and a...

These 2 cryptocurrencies can make you a millionaire by 2030, according to ChatGPT-5

Image
With cryptocurrencies in the past recording massive returns on investment, investors looking for the next asset with millionaire potential are spoiled for choice.  To this end, attention is shifting beyond the obvious leaders to uncover projects with strong growth potential. To narrow the search, Finbold sought insights from OpenAI’s latest artificial intelligence platform, ChatGPT-5, which identified the following two assets. Chainlink (LINK) In the first spot, ChatGPT-5 highlighted Chainlink (LINK) as the leading oracle network, providing real-world data that powers decentralized finance (DeFi) and smart contracts. Without Chainlink, the AI platform noted that much of DeFi would be unable to function, cementing its position as a backbone of the ecosystem. Based on these fundamentals, the AI model noted that LINK has the potential to rally by 2030, with bullish estimates placing it between $75 and $110. More aggressive projections run as high as $190 to $250....

Ripple to unlock 1 billion XRP today — what to expect?

Ripple’s escrow program, set in motion in 2017, sees up to 1 billion XRP unlocked on the first day of each month, with unused tokens typically re-escrowed.  Today, September 1, is no exception, with Ripple unlocking around $2.76 billion worth of the cryptocurrency (approximately 1.68% of the total supply). However, if the historical pattern continues, we’ll most likely see around 700 million tokens re-escrowed, meaning the effective net addition will be closer to 300 million XRP, valued near $861 million (some 0.50% of the supply). Ripple September XRP unlock August marked a rare deviation in Ripple’s escrow schedule when the standard 1 billion XRP release failed to appear on-chain. The uncertainty ended on August 9, when three separate escrow releases (500 million, 100 million, and 400 million XRP) were executed in quick succession and flagged by Whale Alert. In anticipation of the September release, the market was speculating whether the government mi...

Bitcoin Risks Deeper Losses If $107,800 Line Fails To Hold – Details

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...