{"id":191,"date":"2022-02-06T19:44:21","date_gmt":"2022-02-06T19:44:21","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/02\/06\/3-things-for-crypto-investors-to-know-friday\/"},"modified":"2022-02-06T19:44:21","modified_gmt":"2022-02-06T19:44:21","slug":"3-things-for-crypto-investors-to-know-friday","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/02\/06\/3-things-for-crypto-investors-to-know-friday\/","title":{"rendered":"3 Things for Crypto Investors to Know Friday"},"content":{"rendered":"<div>\n<p>Cryptocurrency traders looking for the latest news are in luck as we cover the biggest stories in our breakdown for Friday!<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 400px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:55%;\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"A photo of various crypto coins on a computer keyboard representing cryptocurrency news.\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/sHHyQB3Y.ase00bkuS70mg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUyNw--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/4eOMDVUogeg1f.m140RZIQ--~B\/aD00MDA7dz03Mjg7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/investorplace_417\/414d4a959179fca26204d1e353f26cd0\"\/><noscript><img decoding=\"async\" alt=\"A photo of various crypto coins on a computer keyboard representing cryptocurrency news.\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/sHHyQB3Y.ase00bkuS70mg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUyNw--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/4eOMDVUogeg1f.m140RZIQ--~B\/aD00MDA7dz03Mjg7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/investorplace_417\/414d4a959179fca26204d1e353f26cd0\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">A photo of various crypto coins on a computer keyboard representing cryptocurrency news.<\/figcaption><\/p>\n<\/figure>\n<p>Source: Chinnapong\/Shutterstock.com<\/p>\n<p>Let\u2019s dive into the latest crypto news below!<\/p>\n<h3>Cryptocurrency News for Friday: Wormhole Hack<\/h3>\n<p>The biggest news that cryptocurrency investors need to know about today is the Wormhole hack. This resulted in <span>some $320 million worth of crypto being stolen by hackers<\/span>. That includes $251 million of <strong>Ethereum<\/strong> (CCC:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/eth-usd\/\" rel=\"nofollow noopener\" data-ylk=\"slk:ETH-USD\" class=\"link \"><strong>ETH-USD<\/strong><\/a><\/span>), $47 million of <strong>Solana<\/strong> (CCC:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/sol-usd\/\" rel=\"nofollow noopener\" data-ylk=\"slk:SOL-USD\" class=\"link \"><strong>SOL-USD<\/strong><\/a><\/span>), as well as $4 million of stablecoin <strong>USD Coin<\/strong> (CCC:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/usdc-usd\/\" rel=\"nofollow noopener\" data-ylk=\"slk:USDC-USD\" class=\"link \"><strong>USDC-USD<\/strong><\/a><\/span>).<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/investorplace.com\" rel=\"nofollow noopener\" data-ylk=\"slk:InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips\" class=\"link \">InvestorPlace &#8211; Stock Market News, Stock Advice &amp; Trading Tips<\/a><\/p>\n<p>So what is Wormhole and why should cryptocurrency traders be concerned with this news? Wormhole is a bridge that allows users to transfer their crypto between blockchains. In this case, the hackers took advantage of a vulnerability in the Solana blockchain to steal the cryptos, reports <em>CNBC<\/em>.<\/p>\n<h3>Cryptocurrency News for Friday: TurboTax+Coinbase<\/h3>\n<p>In other news, TurboTax users preparing for their 2021 tax returns can bypass a bank account and have the funds <span>sent to a cryptocurrency account<\/span> instead. The <strong>Intuit<\/strong> (NASDAQ:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/stock-quotes\/intu-stock-quote\/\" rel=\"nofollow noopener\" data-ylk=\"slk:INTU\" class=\"link \"><strong>INTU<\/strong><\/a><\/span>)-owned tax filing company is teaming up with <strong>Coinbase<\/strong> (NASDAQ:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/stock-quotes\/coin-stock-quote\/\" rel=\"nofollow noopener\" data-ylk=\"slk:COIN\" class=\"link \"><strong>COIN<\/strong><\/a><\/span>) to make this possible.<\/p>\n<p>TurboTax is adopting the direct deposit option as it sees a rising interest in cryptocurrency. The company notes that the crypto deposit feature is available for both state and federal tax returns.<\/p>\n<h3>Cryptocurrency News for Friday: Crypto Tax<\/h3>\n<p>Speaking of taxes, a bipartisan group of U.S. House representatives <span>has reintroduced the Virtual Currency Tax Fairness Act<\/span>. This is a proposed piece of legislation that would stop crypto traders from having to pay taxes on transactions of $200 or less. The idea is that this wouldn\u2019t require traders to have to keep track of and report small cryptocurrency transactions.<\/p>\n<p>Cryptocurrency investors looking for more news today are in the right place!<\/p>\n<p><button class=\"link caas-button collapse-button\" aria-label=\"\" title=\"\" data-ylk=\"elm:readmore;slk:Story continues\">Story continues<\/button><\/p>\n<p>We\u2019ve got all the latest crypto news that traders will want to know about for Friday! A few examples include the latest details on <strong>Algorand<\/strong> (CCC:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/algo-usd\/\" rel=\"nofollow noopener\" data-ylk=\"slk:ALGO-USD\" class=\"link \"><strong>ALGO-USD<\/strong><\/a><\/span>), <strong>Shiba Inu<\/strong> (CCC:<span><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/shib-usd\/\" rel=\"nofollow noopener\" data-ylk=\"slk:SHIB-USD\" class=\"link \"><strong>SHIB-USD<\/strong><\/a><\/span>), and NFTs. You can find all of this info at the following links!<\/p>\n<h3>More Friday Crypto News<\/h3>\n<p><span><i><span>On the date of publication, William White<\/span><\/i><\/span><i><span> did not have (either directly or indirectly) any positions in the securities mentioned in this article. <em><span>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <\/span><\/em><\/span><\/i><a target=\"_blank\" href=\"https:\/\/investorplace.com\/corporate\/investorplace-publishing-guidelines\/\" rel=\"nofollow noopener\" data-ylk=\"slk:Publishing Guidelines\" class=\"link \"><i><span>Publishing Guidelines<\/span><\/i><\/a><em><span>.<\/span><\/em><\/p>\n<h3>More From InvestorPlace<\/h3>\n<p>The post <a target=\"_blank\" href=\"https:\/\/investorplace.com\/2022\/02\/cryptocurrency-news-3-things-for-crypto-investors-to-know-friday\/\" rel=\"nofollow noopener\" data-ylk=\"slk:Cryptocurrency News: 3 Things for Crypto Investors to Know Friday\" class=\"link \">Cryptocurrency News: 3 Things for Crypto Investors to Know Friday<\/a> appeared first on <a target=\"_blank\" href=\"https:\/\/investorplace.com\" rel=\"nofollow noopener\" data-ylk=\"slk:InvestorPlace\" class=\"link \">InvestorPlace<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency traders looking for the latest news are in luck as we cover the biggest stories in our breakdown for Friday! A photo of various crypto coins on a computer keyboard representing cryptocurrency news. Source: Chinnapong\/Shutterstock.com Let\u2019s dive into the latest crypto news below! Cryptocurrency News for Friday: Wormhole Hack The biggest news that cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=191"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/192"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}