July 2022

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News

July 13, 2022 boss

President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev of Kazakhstan has signed a new piece of legislation introducing changes to the nation’s law “On Taxes and Other Mandatory Payments to the Budget” and supplementary law enhancing the implementation of the Tax Code. The…

Why Coinbase is banning slide decks and ‘endless meetings’

July 13, 2022 boss

Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month. In a July 13 blog post, Coinbase CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure. He suggested that many major firms experiencing rapid growth generally end up becoming complacent…

The NEXT Celsius?! 3AC Declares Bankruptcy…WHO IS NEXT? | Cryptocurrency News

July 13, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Three Arrows Capital Declares BANKRUPTCY! Which crypto project is next?! Let’s discuss the LATEST cryptocurrency news for bitcoin, ethereum, altcoins, & more! 👋 SLAP THE LIKE BUTTON! 🔴 Bitcoin or Ethereum? | Which One Is Better in 2022 📈 Bitcoin Will See A New All Time High When *This* Happens (SHOCKING) 🎬 Why Spike Lee is BULLISH on Bitcoin and NFTs Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022? What will ethereum be worth in 2030?…

Institutional investor sentiment about ETH improves as Merge approaches

July 13, 2022 boss

Ethereum prices may have dipped again today, but there are signs that professional investors are warming to the asset as the highly anticipated Merge draws closer. In its digital asset fund flows weekly report, fund manager CoinShares reported that Ethereum-based products saw inflows for the third consecutive week. There was an inflow of $7.6 million for institutional Ethereum funds, whereas those for Bitcoin continued to outflow with a loss of $1.7 million. Referring to the Ethereum funds CoinShares stated: “The inflows suggest a modest turnaround in sentiment, having endured 11…

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July 13, 2022

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Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets

July 13, 2022 boss

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies. According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued an order on Tuesday allowing the subpoenas after being told by the counsel for the liquidators that the founders’ whereabouts are unknown and there were fears they could be selling off tens of millions in assets. The counsel, Adam Goldberg, said he didn’t know the current location of…

California regulator investigating crypto interest accounts

July 13, 2022 boss

The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts. The DFPI stated that it is investigating multiple crypto interest account providers to determine whether they are “violating laws under the Department’s jurisdiction.” In a July 12 note, the DFPI emphasized that crypto-interest account providers “are not governed by the same rules and protections as banks and credit unions” and that some platforms are “preventing customers from withdrawing from and transferring between their accounts.” “The Department warns California…

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July 13, 2022

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Everybody Should Avoid Crypto ‘as if It Were an Open Sewer, Full of Malicious Organisms’ – Featured Bitcoin News

July 13, 2022 boss

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has a message for investors considering cryptocurrency. “Never touch it,” he stressed, adding that everyone should follow his example and avoid crypto “as if it were an open sewer, full of malicious organisms.” Charlie Munger Reaffirms His Anti-Crypto Stance Charlie Munger, Warren Buffett’s right-hand man and longtime business partner, threw more insults at cryptocurrency in an interview with The Australian Financial Review, published Tuesday. Munger previously called bitcoin “rat poison” and said last year that he hated the success of…

Blockchain Gaming Stands Firm As Crypto Market Staggers

July 13, 2022

Investments in blockchain initiatives have been patchy, but GameFi is one industry that is sustaining development despite the market’s decline. The blockchain gaming industry has quietly weathered the storm better than other market segments, despite the fact that the majority of investors are focused on the most recent scandals involving centralized finance (CeFi) and decentralized finances (DeFi) Blockchain Gaming Triumphs The blockchain gaming sector has grown by 2,000% since the first quarter of 2021, according to a recent data by DappRader and BGA Games, and it now accounts for more…