State Of Colorado To Accept Crypto For Taxes By End Of Summer – February 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $43,580

Bitcoin price has once again found itself in the $43,000s as price slowly rebounds from another attempt to advance.

Top-20 altcoins are mostly flat or slightly negative in their 24-hour performance, as Ethereum falls less than 1%, BNB remains unchanged and Avalanche stands out with a 4% rise.

Top Stories for February 16, 2022 πŸ”₯

πŸ‘‰ State Of Colorado To Accept Crypto For Taxes By End Of Summer

Governor Jared Polis has stated that the state of Colorado expects to begin accepting cryptocurrencies for the payment of taxes by the end of summer.

Polis made the statement during an appearance on CoinDesk TV, claiming that the state is on the search for payments processors to handle the transactions. Colorado will not hold any of the cryptocurrency itself, instead looking for a transactional layer to facilitate conversions into US dollars.

πŸ‘‰ JPMorgan Opens Virtual Lounge In Decentraland, Citing “$1T Opportunity”

JPMorgan has become the first major bank in the metaverse, after its opening of a lounge in the decentralized virtual world, Decentraland. The bank has labelled the metaverse sector as a “trillion-dollar opportunity”.

The lounge is named “Onyx” after JPMorgan’s private blockchain payments platform. A report was released alongside the lounge opening, which details business opportunities expected in the metaverse.

πŸ‘‰ x2y2 Is The Latest Vampire-Attack On OpenSea

A new NFT marketplace platform, x2y2, is the latest of its kind to launch a “vampire attack” on market leader OpenSea. The platform has placed an emphasis on high staking rewards and airdropped tokens to all OpenSea users from before January 2022.

A vampire attack attempts to invcentivize the users of an existing platform to jump-ship to a new platform, enticing liquidity and users with token-based rewards.