India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local media. India’s Goods and Services Tax Could Soon Apply to Crypto Transactions India’s finance ministry…
The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met. A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges…
Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. According to a Sept. 21, Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second…
While testifying before United States (U.S.) lawmakers, JPMorgan Chase CEO Jamie Dimon referred to himself as a “major skeptic” on “crypto tokens that you call currency like Bitcoin,” labeling them as “decentralized Ponzi schemes.” Dimon was asked what keeps him from being more active in the crypto space during an oversight hearing held by the House Financial Services Committee on…
On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.” Boba Network Integrates With the Avalanche PoS Blockchain Boba Network, the layer two (L2) scaling project introduced Boba AVAX…
This is an opinion editorial by Robert Hall, a content creator and small business owner. The White House Office of Science and Technology Policy issued a report warning that mining uses a great amount of energy and demands miners become greener or potentially face the threat of a total ban. As plebs, what can we do to protect Bitcoin from…
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry this year. Nomura Introduces Laser Digital Holdings The investment banking giant from Japan, Nomura Holdings, is stepping into the…
Binance CEO Changpeng “CZ” Zhao thinks the Bitcoin bear market is good for crypto. In a conversation with Messari CEO Ryan Selkis at the Mainnet conference Wednesday, CZ—who connected remotely via video chat—said a four-year crypto market cycle is normal and that a bear market is healthier in the long term than a seemingly never-ending upward trend. “Price corrections are…
The European Union’s landmark and now-finalized Markets in Crypto Assets (MiCA) draft legislation asserts that NFTs sold as components of large collections possess little to no distinctively unique qualities or utility, and, therefore, would be subject to the same regulatory scrutiny as cryptocurrencies, according to a leaked draft of the legislation obtained by Decrypt. According to University of Kentucky law…
The Central Bank of Iran will make a pilot launch of a central bank digital currency (CBDC) on Sept. 22, the Iranian Chamber of Commerce has announced. The so-called “crypto-rial” has been in the planning stage for several years. The launch of the crypto rial was originally planned for November, according to the Chamber, which said the CBDC was intended…
