TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-01-03

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01MARKETS & BUSINESS

IRS RULES REQUIRE REPORTING DATA FROM $10K CRYPTO TRANSACTIONS IN 2024

The US Infrastructure Bill, signed into law by President Biden, requires crypto transactions above $10,000 to be reported to the IRS. It officially went into effect at the start of this year. The legislation requires any entity that receives $10,000 or more in crypto in the course of business to report personal details of the parties involved to the IRS within 15 days of the transaction. While the new law states that not complying will be considered a felony, there is no guidance on how exactly individuals and businesses should actually conduct this process.

cointelegraph.com2 min read

CRYPTO EXCHANGE VOLUME CRACKS $1 TRILLION FOR FIRST TIME SINCE LATE 2022

Crypto exchange trading volume reached $1.1 trillion last month, exceeding $1 trillion in a month for the first time since September 2022. Binance led the way, accounting for 39.3% of December's trading volumes. The rise in trading is due in large part to industry participants’ anticipation of the approval of spot Bitcoin ETFs.

theblock.co2 min read

02INNOVATION & LAUNCHES

DYMENSION IS THE LATEST AIRDROP FOR SOLANA, ETHEREUM, AND COSMOS USERS

Dymension, a protocol for deploying app chains, announced a token airdrop for over a million eligible addresses across numerous chains. Dymension is built on Cosmos and the Inter-Blockchain Communication Protocol to facilitate connections between rollup scaling networks. The "genesis rolldrop", with a unique set of qualifying factors, is allowing users to claim their DYM token allocations until January 21.

decrypt.co3 min read

VISA-BACKED CRYPTO PROJECT TO LAUNCH ‘FAIR’ TOKEN OFFERING INSTEAD OF ICO

Web3 entertainment platform Playbux is planning to raise $150,000 via a token sale. It will allow pre-listing access to its engaged users through a fair community offering, managed by crypto investment platform Raiser. This novel fundraising method works by ranking users for investment opportunities based on their platform activity. Aiming to circumvent the fraud risk inherent in ICOs, this method offers an alternative community-driven fund-raising mechanism.

blockworks.co2 min read

03GUIDES & TUTORIALS

THE MESSARI THESES FOR 2024

Messari CEO Ryan Selkis unveiled his annual crypto market predictions with his 2024 thesis, spotlighting potential trends and key players to watch. Highlights include increased crypto VC activity, the rise of DePIN (storage, compute, wireless) projects, and significant progress for privacy projects. Selkis also lists his top 10 people and projects to watch. He predicts an evolutionary leap in Bitcoin's security model and advocates for increased on-chain privacy to preserve user rights. He also details promising rollup chains' tokens and highlights the ongoing wallet war in crypto.

twitter.com6 min read

A GUIDE TO “ROLLAPPS”

Dymension, making headlines for its aforementioned airdrop, is developing a new technology called 'RollApps' that combines the best features of Cosmos SDK and Ethereum EVM to scale modular blockchains. In modular chains, different specialized chains handle execution, settlement, consensus, and data availability. This post details how RollApps provide more optionality and scalability than traditional monolithic chains.

twitter.com5 min read

04MISCELLANEOUS

DISRUPTING NETWORK PLATFORM COMPANIES

This article discusses vampire attacks as capital-efficient go-to-market strategies that reward usage of other pre-existing platforms with tokens. This reward system, exemplified by NFT marketplace Blur, has proven successful in overcoming the network cold-start problem. The author hypothesizes about the possibility of using this strategy to disrupt non-crypto platforms, provided they satisfy certain conditions, and provides examples of disruptable platforms like Chess.com, Stack Overflow, and Tinder.

patricklung.co6 min read

FRED WILSON ON WHAT WILL HAPPEN IN 2024

This blog post from Fred Wilson, a renowned crypto VC, goes over his predictions for 2024 as they relate to web3 and AI. Wilson anticipates more regulatory clarity for web3 technologies, driving increased adoption of dapps. While he expects the crypto industry to show strength and gain traction this year, he still thinks that VC funding will remain muted for the time being.

avc.com6 min read