Latest news with #NFTs
Gulf Insider
an hour ago
- Business
- Gulf Insider
How to Set Up a Crypto Inheritance Plan
A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable. A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings. Privacy must be protected using encrypted files, sealed documents or decentralized identity tools rather than exposing sensitive details in public wills. Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely. If you hold digital currencies like Bitcoin BTC$118,426 and Ether ETH$3,692, it is essential that you create a clear and well-thought-out inheritance plan to prevent your crypto from going down the drain once you are not around. Unlike traditional bank accounts, cryptocurrencies are controlled entirely by private keys and seed phrases (regardless of whether they're stored in hot or cold wallets), and losing these keys means the assets become permanently unrecoverable. Each year, cryptocurrency worth millions of dollars is lost due to forgotten passwords, misplaced wallets or heirs unsure how to proceed with crypto assets. Traditional wills often fail to adequately address digital assets, resulting in possible legal complications or permanent loss. A carefully designed crypto inheritance plan addresses these challenges, ensuring your assets remain secure and accessible to your beneficiaries as you intend. This article discusses what makes it imperative for you to have a crypto inheritance plan, components of such a plan, ways to protect privacy while planning, crypto death protocols and a lot more. If you own cryptocurrency, creating a crypto inheritance plan is essential. Unlike traditional bank accounts, cryptocurrencies are often self-custodied, meaning only you hold the private keys or seed phrases. If you pass away without sharing this information, your assets could be lost forever. A digital asset will ensure proper sharing of altcoins and Bitcoin private keys after death. Around 1.57 million Bitcoin are likely lost, which is approximately 7.5% of the total supply of Bitcoin (it has a fixed upper limit of 21 million BTC). Traditional wills often fail to address cryptocurrency-related requirements, and heirs may lack the technical skills to access or manage digital wallets. Also read: Binance Launches World's First Sharia-compliant Multi-token Cryptocurrency Staking Platform
Yahoo
a day ago
- Business
- Yahoo
Can COIN's Base App Power Web3 Growth and Revenue Diversification?
Coinbase Global Inc.'s COIN Base App, set to replace the existing Coinbase Wallet, represents a major milestone in the company's broader Web3 strategy. Natively built on Base—Coinbase's Ethereum Layer 2 network—the app provides users with a streamlined, user-friendly interface to access decentralized applications (dApps), conduct crypto transactions and engage in various on-chain activities. By simplifying the user experience and removing complex blockchain barriers, Base App aligns with Coinbase's mission to onboard the next billion users into the Web3 Coinbase becomes the first U.S.-based exchange to roll out a comprehensive super app that brings together key Web3 functionalities — wallet, DeFi, NFTs, and payments — within a single mobile platform. This move expands Coinbase's reach beyond its core trading business, allowing it to engage a wider consumer audience. The Base App serves as a key growth lever, deepening user participation in the on-chain ecosystem while opening up new monetization the app enhances and diversifies Coinbase's revenue streams. As users tap into Web3 services, Coinbase stands to earn from token swaps, stakingand other in-app offerings. Its integration with the Base network further allows the company to capture sequencer fees and benefit from rising on-chain activity. This strategic pivot reduces Coinbase's reliance on unpredictable trading volumes and fosters a more resilient, recurring revenue model centered on infrastructure usage and ecosystem expansion. What About COIN's Competitors? Robinhood Wallet drives Robinhood Markets' HOOD expansion beyond traditional brokerage into self-custodial crypto, offering access to tokens, NFTs and future DeFi tools. By engaging crypto-native users, Robinhood diversifies its revenue streams. This positions Robinhood to capitalize on Web3 growth while reducing dependence on its core trading Inc.'s XYZ Bitcoin Wallet drives Block's growth by enabling self-custodial crypto access and empowering users with financial control. By simplifying Bitcoin storage and peer-to-peer transfers, it aligns with Block's mission of economic empowerment and reinforces its strategic position within the Bitcoin ecosystem and emerging Web3 landscape. COIN's Price Performance Shares of COIN have gained 69.1% year to date, outperforming the industry. Image Source: Zacks Investment Research COIN's Expensive Valuation COIN trades at a price-to-earnings value ratio of 75.03, above the industry average of 22.44. But it carries a Value Score of F. Image Source: Zacks Investment Research Estimates for COIN Witness Southward Movement The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved down 2 cents and 1 cent, respectively, over the past seven days. The same for full-year 2025 and 2026 EPS has decreased by 2 cents and 3 cents, respectively. Image Source: Zacks Investment Research The consensus estimate for COIN's 2025 and 2026 revenues indicates year-over-year increases. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS suggests an increase. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report Block, Inc. (XYZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
2 days ago
- Business
- Newsweek
Crypto Keeps Changing, Bitcoin Endures
Over the past decade, I've worn various hats in crypto as a builder, investor and, for a time, CEO of CoinMarketCap, the industry's most widely used market data platform. Through bull and bear market cycles, I've watched the industry promise one revolution after another: ICOs (Initial Coin Offerings) to democratize capital, DeFi (decentralized finance) to rebuild finance, NFTs to rewrite culture. And each time, I've found myself asking the same question: What will actually last? Lately, the answer is harder to ignore. Amid the constant reinvention, everything is falling back to where this all began: Bitcoin. Not because it's trendy, recording all-time high prices this month, but because it has quietly proven itself as the most reliable foundation for what comes next. Bitcoin isn't just "magic internet money" anymore. It's becoming the connective tissue linking Wall Street and emerging markets, tech conferences and government Cabinets. ETFs, sovereign interest and institutional adoption all point to Bitcoin stepping into a larger role, long visible to those tracking Bitcoin dominance: CoinMarketCap's enduring gauge of how much of crypto's market value still revolves around Bitcoin. But that shift brings real risks. The tools built now will shape not just markets, but the future of access, ownership and trust. And the complexity of that task is exactly what makes it worth doing. Bitcoin's story has outpaced its systems. The core architecture is sound, but it's not ready for the scale and demands ahead. The challenge isn't to reinvent Bitcoin. It's to complete it, to give it the resilience, functionality and accessibility that institutions can depend on and individuals can use without compromise. People attend a Bitcoin conference at the Javits Center on April 7, 2014, in New York City. People attend a Bitcoin conference at the Javits Center on April 7, 2014, in New York City. Photo byWhat Does Bitcoin Really Stand For? At its heart, Bitcoin is a story encoded in blocks, a timeless idea rendered in code. It speaks to a basic instinct that power should be distributed, not hoarded; that trust must be earned through transparency, not imposed from above. It is both a rebellion against opacity and a blueprint for self-determination. This is not crafted in slogans, but in software. For many, Bitcoin offered a first true taste of sovereignty in an increasingly centralized digital world. And that deeper promise of owning not just your money, but also your place in a global system, continues to resonate long after market cycles fade. Yet that promise is under constant strain. High-profile hacks, fraud and failures across the broader crypto ecosystem have shown that not every structure in this space honors Bitcoin's values. Through it all, Bitcoin's protocol has held firm. It remains open, transparent and resilient as proof of why it stands apart. Now, with institutions entering the space en masse, the test is greater than ever. Bitcoin's role in the global financial system is no longer speculative. Sovereign wealth funds, asset managers and public companies aren't just watching Bitcoin, they're holding it. ETFs have opened the gates to mainstream capital. Corporate treasuries are putting Bitcoin on the balance sheet. In some countries, Bitcoin is now treated as a strategic reserve. This wave of institutional adoption brings pressure along with the opportunity. More capital, more visibility and stronger incentives to reshape Bitcoin to fit legacy systems of control. If this is to become a true Bitcoin renaissance, those building the infrastructure must pair institutional scale with a firm commitment to decentralization, neutrality and user ownership. Equally important is preserving the culture that allowed Bitcoin to thrive. As early crypto educator Andreas Antonopoulos once observed, Bitcoin's innovation has always resembled a "Festival of the Commons" as a space where developers and communities contribute openly to shared infrastructure. That openness is a source of resilience. Maintaining it is as critical as scaling the protocol's capabilities. Bitcoin's next chapter won't be shaped by markets alone. It depends on how those expanding its reach choose to evolve it and whether they can do so without compromising the foundation. The last major crypto crash exposed this fault line. In 2022, a healthy market run suddenly reversed due to the collapse of Sam Bankman-Fried's FTX, triggering a long, painful bear. When a trusted institution imploded causing cascading losses around the industry, Bitcoin remained unbroken. It hadn't let people down, but the systems built around it had. The lesson wasn't that crypto is flawed. It was that while Bitcoin's architecture still works, much of the infrastructure surrounding it does not. If institutional adoption is to reinforce Bitcoin's core principles rather than erode them, developers, companies and protocol designers must build with care, making it usable without diluting what makes it distinct. Innovation on Bitcoin should be tangible in a way that users can interact with directly, not deferred to future roadmaps or buried in abstractions. The goal isn't to mimic traditional finance or compete on feature sets. It's to ensure Bitcoin remains a dependable foundation for meaningful applications built on its own terms, with its principles intact. Safeguarding Bitcoin's Culture But technology alone won't preserve Bitcoin's integrity. The social architecture around it, consisting of the values, norms and design constraints, matters just as much. Capital and adoption are necessary, but they can't come at the expense of decentralization and user control. Supporting the Bitcoin ecosystem means expanding what's possible without betraying what it stands for. It's not enough to promote self-custody while neglecting the systems that shape how users interact with the protocol. If Bitcoin is to remain resilient, the culture around it, from core developers to wallet designers to institutional custodians, must continue to uphold its original principles. That's especially true in places where Bitcoin already functions as critical infrastructure—under sanctions, in protest movements or wherever financial access is a matter of survival. Builders must proceed with care. This isn't about complexity for its own sake, or about turning Bitcoin into a generalized platform. It's about creating tools that serve real-world needs while keeping Bitcoin's trust-minimized design intact. Bitcoin doesn't need another hype cycle. It needs a return to the principles that gave it meaning in the first place—especially now, as attention and capital flood back in. Amid constant reinvention, Bitcoin remains one of the few systems that asks nothing of its users but trust in code and time. It doesn't promise yield or shortcuts. It offers something quieter but more enduring: a foundation. That foundation still holds, but not by default. Preserving it requires discipline and intention. The responsibility now lies with those shaping Bitcoin's next phase: to keep it open, neutral and usable not just for the next wave of adopters, but for those who've always needed it most. If that foundation holds, Bitcoin won't just survive, it will continue doing what it was built to do: show up when trust in everything else is gone. Carylyne Chan is a core contributor to Fractal Bitcoin, the only native scaling solution completely and instantly compatible with Bitcoin, as managing partner at BlockSpaceForce.
Bloomberg
3 days ago
- Business
- Bloomberg
Crypto Week Was the Worst Art Exhibit in Years
Congress showed that financial regulation is like a museum: It's hard to tell the bogus from the genius. Save This is Bloomberg Opinion Today, the full faith and credit of Bloomberg Opinion's opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily newsletter here. The buying and selling of art is an expensive, confusing and intimidating business, but at its heart lies a simple truth: A painting is worth exactly as much as somebody is willing to pay for it. Same goes for sculpture, photographs, ceramics, installations, conceptual art, jewelry and bananas. (But not NFTs, which are worthless no matter how much some clown was willing to pay for it.)
Yahoo
15-07-2025
- Business
- Yahoo
The Shocking Way To Lower Your Taxes by Investing in Crypto
Non-fungible tokens (NFTs), while trendy for a time as speculative investments, quickly oversaturated their market and — coupled with overall declines in the cryptocurrency market — have markedly decreased in value. Indeed, many NFTs are now worthless or near-worthless, leaving their investors empty-handed. Check Out: Read More: That said, NFTs can still serve a rather surprising utility for clever investors. Per Forte Innovations, NFT investors can actually turn around their worthless NFTs and use them to cut their tax bills. This process is known as tax-loss harvesting. Through tax-loss harvesting, an investor identifies any investments in their portfolio that have dropped in value (in this case, NFTs). The investor then sells off the NFTs at a loss. While doing so does create a realized capital loss, that loss can offset the investor's overall annual gains and income, thus lowering their crypto tax bill come tax season. 'You can dispose of your worthless NFT by selling, trading, gifting or burning it,' noted Ronny Ko of Forte. 'Remember that those actions will create a taxable event.' Essentially, through the tax-loss harvesting of the NFTs you've invested in at a loss, you are able to use those very same losses to offset the capital gains of your other, more successful, investments when it's tax time. Even further, you can utilize any profits you do make from the divestment of the NFTs and reinvest in something similar for your overall portfolio, thereby keeping you active in the market. Or course, for those who aren't experienced at the tax-loss harvesting investment strategy, it is always wise to consult with an investment expert and/or your accountant before making such a move, in order to protect both your investment portfolio as well as your wallet when tax time comes around. More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on The Shocking Way To Lower Your Taxes by Investing in Crypto Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
