A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft of the Virtual Currency Tax Fairness Act of 2022, Washington Representative Suzan DelBene is seeking to amend the Internal Revenue Code of 1986 to exclude gains from certain personal transactions of virtual currency. If…
After releasing its latest financial results report, Nintendo held a live Q&A where they reportedly expressed “interest” in the “potential” of the Metaverse when it comes to introducing blockchain and nonfungible token (NFT) technology into their video games. David Gibson, senior analyst at MST Financial, asked in a tweet what the Japanese gaming giant thought about the Metaverse and NFTs,…
For one day only, a solid gold cube weighing over 400 pounds was on display in New York’s Central Park. Why? It was a part of European artist Niclas Castello’s foray into cryptocurrency. Castello created the gold cube with his digital currency and NFTs in mind. NFTs are cryptographically unique tokens that demonstrate ownership over a digital or physical asset.…
Bitcoin is a better option than fiat money, said Mexico’s third richest man, Ricardo Salinas, in an interview. Bitcoin, Salinas said, is unseizable and can be transferred instantly worldwide, contrary to fiat and the gold standard. “The gold standard has always been subject to governmental intervention,” Salinas said. “And fiat allows you to finance endlessly.” Bitcoin’s peer-to-peer nature makes the…
By Bipul Sinha, Senior Product Manager, Coinbase With tax season officially underway, customers expecting a refund might be wondering what to do with their extra cash. Now, Coinbase customers can get tax refunds automatically deposited into Coinbase as USD or crypto¹ when they file with TurboTax. Tax season can be stressful, but now there’s an easy way to put refunds…
Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower. Biggest gainers Despite the bearish pressure on crypto markets this Thursday, there were a few big movers…
In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX, and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last 7 days alone, all four projects have generated an estimated $365.9 million in value according to data from OpenSea. While the crypto market is steadily recovering from its lengthy bloodbath,…
Wormhole, a popular cross-chain crypto bridge between Solana, Ethereum, Avalanche, and others, has restored its missing funds after a hacker yesterday managed to siphon $320 million in Wrapped Ethereum (wETH) out of the protocol. wETH in Wormhole is a cryptocurrency pegged to the price of Ethereum but interoperable with other networks. To create wETH, users must first stake Ethereum. The…
press release PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of GensoKishi Online, which received the ‘Game of the Year Gold Award’ in Taiwan 10 years ago. The game leverages blockchain technology to build a digital world ecology, and GenoKishi Online Metaworld thus blends characteristics of Web 3.0 with the metaverse. Its ultimate goal is to create…
Just before the turn of the 19th century, Carl Benz announced what is now widely considered as the world’s first commercial automobile. At the time, it would have been impossible to predict how this one product could spur the development of a multi-trillion-dollar industry over the course of the next century — but it did. From refueling stations and maintenance…
