U.S. states rethinking crypto tax payments amid bear market
U.S. states except for Colorado and Utah are rethinking allowing tax payments due to bear market prices, Bloomberg News reported...
Month: July 2022
BoE calls for tougher rules as crypto market plunges $2 trillion
Bank of England’s (BoE) Financial Policy Committee believes the crypto industry needs more stringent regulations as the crypto market cap’s...
NEAR Protocol: Simple, scalable, secure
In order to make a mark in the world, you can either hang on the coattails of things that already...
Huobi eyes US expansion with new FinCEN license
Huobi said July 5 that its subsidiary HBIT received a license from the U.S. Financial Crimes Enforcement Bureau’s (FinCEN) Money...
U.K. tax authorities seek public consultation on DeFi tax treatment
U.K. tax authority H.M. Revenue and Customs (HMRC) opened a public consultation on the tax treatment of DeFi lending and...
Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot
Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg,...
Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’
During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down...
Alexander Vinnik Serves Prison Term in France but No Freedom in Sight
Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return...
Tech Giant Meta To Shut Down Digital Wallet Experiment Novi, Says Metaverse Project Coming Next: Report
Meta is reportedly shutting down its crypto wallet years after Mark Zuckerberg took a grilling from Congress over Meta’s future...
DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle
One altcoin that powers an Ethereum-based decentralized finance (DeFi) platform is defying broader market woes by rallying in a big...
Italian government will provide $46 million in subsidies for blockchain projects
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to...
US Commerce Dept. asks digital asset industry for input on competitiveness framework
Among the numerous reports and other written material mandated in United States President Joe Biden’s March 9 executive order “Ensuring...
eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm
On Tuesday, special purpose acquisition company (SPAC) FinTech Acquisition Corp. V announced that it terminated its purposed takeover of Israeli...
Review of Swapin: A Crypto-To-Fiat Processing Service
Swapin is the first project that shows unique and limitless solutions for integrating the digital economy into the traditional world...
Lamborghini’s Racing Team “VSR” Adopts NFTs To Certify Car Parts
Non-fungible tokens (NFTs) continue attracting more use cases in the sports industry, with sports institutions, brands, and sports apparel companies...