The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, which requires its citizens to pay a 30% tax on unrealized crypto gains, came into effect on April 1. A commotion among the Indian crypto community followed as investors and entrepreneurs tried…
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), had finally made it…
The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in the cryptocurrency and crypto mining sectors. Paraguayan Cryptocurrency Bill Passes Senate Discussion Countries in…
The story of one Bitcoiner’s cat that sought to disrupt the decentralized network with a “dirty protest.” Source: https://cointelegraph.com/news/bitty-kitty-cat-spoils-bitcoin-node-during-price-crash-with-dirty-protest
A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miners have made. The crypto bear market and growing energy costs have caused a perfect storm for the mining sector and this has led some companies to lay off employees and others…
Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation.”…
Bitcoin’s attempt to form a bottom has lured altcoin traders to focus on ETH, MATIC, FTT and ETC. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-eth-matic-ftt-etc
Otherside, the much-anticipated metaverse gaming platform from the creators of the Bored Ape Yacht Club, is open for business. Almost. On Saturday, the Yuga Labs-developed game invited 4,300 players—so-called “Voyagers”—for a first-look tech demo and tour of the immersive, ape avatar-navigated online platform. All Otherside players will be required to embark on or view one of these “First Trips” to…
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who thinks specific parts of the…
Regardless of how many new users it could attract, Binance isn’t interested in offering users the ability to trade stocks. CEO Changpeng Zhao told Decrypt on the latest gm podcast that cryptocurrency exchanges offering the feature are neither right nor wrong, but he emphasized that swapping equities doesn’t align with his company’s philosophy. As crypto firms endure a broad market…
