Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators. On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis, passed in the first reading the amendments to the national tax code, regulating …
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Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD (UST) and why it was unable to maintain its dollar peg. DuMont defined stablecoins as “a crypto whose value is tied to an outside asset such …
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Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. …
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ETH Price Holds in a Range – May 25The ongoing trading activities in the ETH/USD market operations have that the crypto-economic price holds in a range zone. It is a situation that shows how indecision is playing out between the two major market movers as price trades around $1,942 at a negative percentage rate of …
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The Coinbase exchange has become a Fortune 500 company, making it the first cryptocurrency company to do so. Coinbase is the largest cryptocurrency exchange in the US, and it underwent a public listing on NASDAQ early last year. The listing of Coinbase as a Fortune 500 company follows a major recession across the cryptocurrency market. …
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Summary: Polygon (MATIC) has launched an uncapped fund to assist Terra projects willing to migrate to its chain. Financing of the fund will come from $450 million already raised by Polygon, its treasury, and a $100 million ecosystem fund. Polygon is willing to deploy more capital for Terra projects migrating if needed. The fund’s launch …
Quick take: Brad Garlinghouse has stated that Ripple could consider the possibility of an IPO after the SEC lawsuit. Rumors of a Ripple IPO have been circulating in the crypto-verse from as far back as 2020. XRP continues to be a top ten digital asset according to market capitalization, and a conclusion of the SEC …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Named after the recent resurgence of the MonkeyPox virus, MonkeyPoxlnu (MPOX) coin was launched on May 21 and lost 99% of its value three days later on May 23. MPOX’s value crashed after its developers allegedly pulled an exit scam, vanishing …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The VC firm Andreessen Horowitz has announced a new $4.5 billion fund to take advantage of the downturn in the crypto market. In a blog post titled “Crypto Fund 4,” a16z stated that “we think we are now entering the golden …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The proposal to create a new genesis chain for Terra LUNA has passed with just 65% of voters voting “yes,” 20% “abstain,” and 13% “no with a veto.” Therefore, on May 27, a new LUNA-only blockchain will be launched at block …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX US President Brett Harrison said the exchange is looking for strategic acquisition opportunities after seeing “notable growth” in users. Harrison made the revelation at the World Economic Forum 2022 in Davos while discussing the exchange’s performance in 2021. Although the …
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Following a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish streak during today’s session, …
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Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and …
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Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD …
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A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years. …
