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Yes, the IRS taxes NFTs as property, and that single fact drives everything else. Creators who mint and sell generally owe ordinary income tax (and often self-employment tax); collectors who buy, hold, and flip owe capital gains or losses on each sale. Art-like or “collectible” NFTs may be subject to a higher long-term capital gains tax rate than the standard brackets, and marketplaces now issue Form 1099-DA, so the IRS sees more of your activity than it did two years ago. Three things to do this week: Log every transaction with a date, USD value, and wallet address. Save the…

TAC, an EVM network connected to TON, halted validator block production after the project said an exploited vulnerability affected the Cosmos-based EVM side of its network and, according to TAC, only the TAC token supply. In an Aug. 22 notice, the team said it was working with validators on a temporary halt that would take effect within minutes. TAC’s official Telegram announcement channel subsequently described the halt as implemented and promised further findings and steps toward resuming the chain. A check of the TAC explorer API at about 1:03 p.m. UTC on Aug. 23 returned block 24,671,475, timestamped 11:58:11 p.m.…

Bitcoin introduced the model now called Nakamoto Consensus, but Ethereum, $BNB Smart Chain, $XRP Ledger, Solana, and Tron took different routes, while Dogecoin and Zcash still run much closer to Bitcoin’s original playbook. Excluding stablecoins, all of these cryptocurrencies mentioned below are the top digital assets by market valuation. What a Consensus Algorithm Actually Does A blockchain is essentially a shared accounting book replicated across computers worldwide. When two machines see different transactions or competing blocks at once, the network needs a hard rule for deciding which history survives. That is a consensus algorithm’s job. It determines who gets the…

UK tax authorities are nearly tripling warnings sent to cryptocurrency investors suspected of owing unpaid capital gains tax. The tax office says it issued 81,172 letters, emails and text messages in the 2025-26 financial year, reports the BBC. That figure almost tripled the 27,714 warnings sent in 2023 through 2024. Warnings target profits from selling crypto or swapping one cryptocurrency for another, with investors risking fines or prosecution for failing to declare such gains. The surge follows sharp rises in crypto values in the bull run from December 2022 to October 2025, which witnessed BTC climb from around $16,500 to…

Ethereum’s EIP-7702 wallet delegation feature is facing renewed scrutiny after security research presented at the USENIX Security Symposium linked a large share of analyzed authorization transactions to attacker-controlled contracts. The research found that 63% of EIP-7702 authorization transactions in the analyzed sample were connected to malicious contracts, with automated wallet-draining activity contributing to more than $2.3 million in confirmed thefts. That sounds alarming, but the framing matters. This is not the same as saying EIP-7702 has an inherent protocol bug. The concern is that wallet delegation can expand the attack surface when users are tricked into signing malicious authorizations. In…

An eCash fork, which would create a separate ECX asset for Bitcoin holders, produced Alpha-chain blocks from height 963,648 on Aug. 23. The permanent fork did not happen: the project’s current roadmap now places the 1:1 allocation of permanent ECX at a Mainnet launch around Bitcoin block 973,728 on Oct. 31. For holders, miners and exchanges, Aug. 23 became a rehearsal rather than the permanent allocation event. Bitcoin ownership did not change, practice pECX is not permanent ECX, and public exchange notices did not show a universal freeze of Bitcoin services. What the Alpha chain proved The eCash Alpha explorer…

Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using Canton, as reported by Cointelegraph. Inside the RISE program The RISE program is expected to launch in the first quarter of 2027 and would combine multiple benefits into monthly or twice-monthly payments, with spending rules applied to categories including food, child care, and cash. The monthly or twice-monthly structure is designed to consolidate what are often separate, siloed benefit payments into a single stream governed by program-specific…

Uniswap founder Hayden Adams warned at the CFTC’s inaugural Innovation Advisory Committee meeting that regulatory uncertainty in the United States is pushing crypto builders and developers overseas. The comments came during an August 20 panel discussion, not an enforcement proceeding and not binding testimony. Still, the message matters because it captures one of the industry’s longest-running complaints: US crypto policy has been too unclear for builders trying to launch products, hire teams, and raise capital domestically. That concern is not new. What is different now is the setting. The complaint is being made directly in front of US market regulators…

US regulators have already found a home for true Bitcoin perpetuals inside the CFTC’s exchange framework. The SEC is now turning to another part of the same market: how a team can pay to build a network before its token has much use.A derivatives exchange starts with an established asset and places a new contract around it. A token project usually starts with a promise. Buyers provide the capital needed to write the code, launch the network, and make the token useful, while the founding team promises to do the work that could make their purchase more valuable. That bargain…

On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange. Almost three months later, on Aug. 18, the SEC proposed a legal route through which crypto projects could someday raise money from the public under rules written for token networks.That’s a pretty unusual order in which Washington is rebuilding the American crypto market. The rules for trading and hedging an established asset are already producing live products, while the rules that would let founders finance new assets still have to pass through public comments and another SEC vote.Bitcoin traded around $77,000 on Aug. 21, up…