Coinbase to Allow Users Receive Their Tax Refunds 💵 Through TurboTax 

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Coinbase to Allow Users Receive Their Tax Refunds 💵 Through TurboTax 

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TurboTax, a tax filing platform, is all set to allow tax filers in the United States to receive their refunds directly in crypto as part of an agreement with Coinbase.

In a blog post, crypto exchange platform Coinbase announced saying those individuals who have filed their tax returns using the TurboTax platform will have the option to get refunds in cryptocurrencies like Bitcoin, among others that are supported on the platform.

Additionally, Coinbase said that users can send the funds to their Coinbase accounts in fiat or automatically convert it to crypto without paying any trading fees.

“This year, customers can deposit refunds into Coinbase fee-free to start immediately putting their money to work. They can choose to get refunds deposited into 100+ cryptocurrencies from stablecoins to yield-bearing assets so they can trade or earn interest,” Bipul Sinha, senior product manager at Coinbase, said in a statement.

It looks like Coinbase is trying to establish itself as a mainstream gateway to the crypto world, a place to regularly deposit paychecks, expense reimbursements, and tax refunds.

Microsoft is Testing 🧪 New Experimental Features For Windows 11 

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A week after announcing that Windows 11 will receive a better than usual update with Android apps, taskbar improvements, among other features, Microsoft has now detailed its plans for Windows 11 testing throughout 2022. The company now plans to experiment even more with features for Windows 11 testers to assess that may never ship.

Amanda Langowski, the Head of the Windows Insider Program, said, “As part of this ongoing evolution, Insiders will see that we are leaning more heavily on the Dev Channel as a place to incubate new ideas, work on long lead items, and monitor the status of individual features.”

“In some cases, these concepts never ship, but by experimenting more, we can better refine experiences and deliver solutions in Windows that truly empower our customers to achieve more,” he added.

Microsoft plans to give testers of Windows 11 a window to switch from the Dev Channel to the Beta Channel to avoid the more experimental features that are on the way. The software maker will deliver the new features via Windows Feature, Web, and Online Service Experience Packs on top of preview builds.

OpenSea Hits $5 Billion 💸 in Monthly Sales as NFT Market Surges ⬆️

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OpenSea, the leading NFT marketplace, has generated more than $5 billion in total trading volume in the month of January between Ethereum and Polygon sales.

According to data collected by public blockchain platform Dune Analytics, OpenSea had over $4.95 billion of Ethereum trading volume in January, in addition to $79 million on Polygon. Both the sales figures are single-month records for each respective platform.

With this, the NFT marketplace broke its previous record of August 2021, where it topped $3.4 billion in trading volume for the month.

In the last two weeks of January, Bored Ape Yacht Club, Azuki, CloneX, and Mutant Ape Yacht Club has seen a significant rise in their floor prices and total sales volume.

Moreover, in the past seven days, all these four projects have generated an estimated value of $365.9 million, according to data from OpenSea.

While the crypto market is gradually recovering from its lengthy fall, NFT marketplaces like OpenSea and LooksRare have regularly generated over $100 million in daily total volume.

Modern Electron Raises $30 Million 💰 in Series B Funding Round

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Sustainable heat and power technology company Modern Electron has raised $30 million in its Series B funding round. The funding was led by At One Ventures.

The round also saw participation from new investors Extantia, Valo Ventures, Starlight Ventures, and strategic investors IRONGREY and Wieland Group.

Additionally, all existing investors including, MetaPlanet and Bill Gates and expanded their investments in this round.

Founded in 2015 by Max Mankin and Tony Pan, Modern Electron is a Washington-based sustainable heat and power technology company helping homeowners and buildings save money, minimize carbon emissions, and increase resiliency during power outages.

The company’s next-gen technology decarbonizes buildings and industry by producing hydrogen without CO2 emissions.

The company will use the proceedings to integrate its proprietary technologies into heating appliances with leading manufacturers of HVAC and energy systems.

Modern Electronic will also leverage the funds to deploy hydrogen production pilots that demonstrate affordable decarbonization of gas heating without any new infrastructure.

Around the Web 🌐

GM Ventures Invests in Battery Company Soelect: North Carolina-based developer and manufacturer of advanced solid-state battery components Soelect has raised $11 million in its Series A funding round. The funding was led by Lotte Ventures with participation from KTB Networks and General Motors’ corporate venture capital arm, GM Ventures.

South Korea January Inflation Near a Decade High at 3.6%: The consumer price index of South Korea rose by 3.6% from a year earlier in January, mainly due to a surge in imported fuel and commodity prices. The index broke above the 2 percent range for the first time in nearly a decade from the fourth quarter, adding 3.2% in October, 3.8% in November, and 3.7% in December.


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