Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation of Cryptocurrencies in EU European…
This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains. Today, Bitcoin faces a challenge. There are two contradicting requirements necessary for success, and if we want to win, we have to find a way to satisfy both. First there is the requirement for security — it is paramount when billions of dollars are at…
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe. Source: https://cointelegraph.com/news/colorado-is-accepting-crypto-for-tax-payments-it-could-be-a-mess-or-a-shining-example
Rumors of a significant hack on the BNB Chain were confirmed by the blockchain’s team, with all deposits and withdrawals suspended on the network. Source: https://cointelegraph.com/news/bnb-chain-confirms-bsc-halt-due-to-potential-exploit
Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, now infamously known as the “Bear Whale,” sold the coins at $300 per unit, which put extreme pressure on the nascent bitcoin market that saw roughly…
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada. Source: https://cointelegraph.com/news/more-than-30-of-canadians-plan-to-purchase-crypto-by-2024-says-osc-head
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Source: https://cointelegraph.com/news/global-bitcoin-adoption-is-still-in-its-infancy-but-here-s-how-it-might-accelerate
In brief Solana Labs co-founder Anatoly Yakovenko appeared on the latest episode of Decrypt’s gm podcast. He discussed the current crypto bear market and why the Breakpoint conference is an important event for Solana’s development scene. It’s been a rough few months for crypto following the collapse of Terra in May, sending shockwaves throughout the wider market. But crypto prices…
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman. Source: https://cointelegraph.com/news/web3-must-bridge-back-into-web2-for-real-cash-flows-checkout-com-vp
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects it might bring to the…
