According to the bank’s public policy analysts, legislation concerning tech regulation, cryptocurrency, pricing of prescription drugs, tax increases, and China competition will have varying chances of passage by the end of 2023, depending on the outcome of the November elections. Source
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and digital tokens through exchanges in Thailand will benefit from a 7% VAT exemption on such transactions. A decree published in the Royal Gazette on Tuesday enforced the tax break retroactively from April 1, 2022. It…
In a desperate attempt to stay relevant with crypto-curious audiences, marketers around the world are FOMOing into the metaverse trend, experimenting with everything from branded non-fungible token (NFT) collectibles, to virtual shops and offices, through to issuing their very own cryptocurrencies. But users are often nonplussed, getting the sense these retail schemes are more about supersizing sales than cultivating community, connection, collaboration and co-creation in the new era of Web 3. Source
StarkWare technology addresses the scalability issues of the Ethereum blockchain, which cause slow throughput and raise gas, or transaction, fees. The company has two platforms. The StarkEx scaling engine, which the company said handles more transactions per month than the Bitcoin network, powers the likes of non-fungible token (NFT) platform Immutable X and decentralized exchange dYdX. The second platform, StarkNet, launched in February and puts blockchain scaling technologies in the hands of developers building decentralized applications. Source
Ethereum (ETH) layer-2 developer StarkWare has raised a further $100 million in its latest fundraising round despite the prevailing downturn in cryptocurrency markets. StarkWare’s series D fundraising round sees the firm’s valuation up to $8 billion, marking a four-fold increase in value just six months after its Series C round in November 2021. Tech investment firm Greenoaks Capital led the latest fundraising round in addition to private equity firm Coatue, Tiger Global and other investors. StarkWare has established itself as a major player in the Ethereum layer-2 scaling space, boasting…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🪙#Crypto के बाजार में कोहराम क्रिप्टो करेंसी में भारी गिरावट बिटकॉइन डेढ़ साल के निचले स्तर पर क्रिप्टो के लिए रिकॉर्ड खराब हफ्ता जानिए, क्रिप्टोकरेंसी के बाजार में क्यों मचा है कोहराम आशीष चतुर्वेदी से। @AshishZBiz | #Bitcoin | #Cryptocrash Zee Business is India’s Number 1 Hindi business news channel. It’s your channel for profit and wealth. Watch Live coverage of Indian markets – Sensex & Nifty, also for expert insights and advise from our team of experts. ————————————————————– You can also…
The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another. Recently, executive board member of the European Central Bank (ECB) Fabio Panetta mentioned in a written statement for a speech to Columbia University that regulators should follow a globally coordinated approach while regulating digital assets. He said that the world should have digital assets regulated by the Anti-Money Laundering (AML)…
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59. Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its current range. BTC/USD –…
The Jump-backed cross-chain connector will integrate with Injective, an EVM-compatible sidechain of Cosmos. Source
ZenLedger, a tax software company, is planning new products that push into institutional markets. Source