Day: October 25, 2022

A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

boss

No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes. Last week, the IRS last week released a draft bill featuring a well-defined digital assets section that outlines if and how taxpayers will account for the use of cryptocurrencies, stablecoins and nonfungible tokens (NFTs). Page 16 of the draft defines digital assets as any…

Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living

boss

Blockchain tech firm Laguna Labs has launched a testnet for its in-development “flatcoin” — a spin-off of stablecoin tokens — pegged to the cost of living rather than a fiat currency or a commodity. In an Oct. 24 announcement, Laguna Labs said that the Nuon flatcoin is unlike tokens tied to fiat currencies, such as the United States dollar, as it is pegged to the cost of living via “daily unbiased, authentic, and on-chain inflation data.” The firm said the idea is inspired by discussions and Twitter threads from big…

Brand New ‘Emergent Entertainment PLC’ Forms to Offer Next Generation of Digital and Immersive Entertainment – Press release Bitcoin News

boss

press release PRESS RELEASE. 25 October 2022: Today, the formation of a new entertainment PLC EMERGENT ENTERTAINMENT is announced. Emergent Entertainment officially merges London-based video game studio Maze Theory with blockchain veterans and developers Pluto Digital PLC, following a successful joint venture between the two companies (Emergent Games) earlier this year. Emergent Entertainment is a next generation entertainment company focused on bringing audiences and storytellers together by harnessing emerging technologies. The proposed valuation of the new business exceeds $65 million, and the company intends to prepare for a future IPO…

‘Nederland is waardeloos’ | Mr. Bitcoin | Bitcoin Amsterdam 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Abonneer voor het laatste bitcoin nieuws en de koers: 00:00 Intro —– Meer van BLOX? ✅ Koop crypto: ✅ Cryptonieuws: ✅ Facebook: ✅ Telegram: ✅ Twitter: ✅ Instagram: ✅ Abonneer youtube: ✅ Nieuwsbrief: Disclaimer: De informatie in deze video is niet bedoeld als beleggingsadvies of als aanbeveling tot aan- of verkopen van cryptocurrency’s. Het handelen in digitale valuta brengt een significant risico met zich mee en is op eigen risico. Welkom op het YouTube kanaal van BLOX. Hier vertelt Axel van den…

Key witness called to testify at Terra parliamentary inquiry is a no-show

boss

The CEO of venture capital firm Hashed and early Terra (LUNC) investor Kim Seo-joon has cited “extreme stress” following the Terra crash as the reason for his no-show at South Korea’s National Assembly’s Political Affairs Committee. Seo-joon was one of six people selected to take part in the South Korean parliament’s latest inquiry to better understand the events that led to the infamous $40 billion wipe out of Terra’s cryptocurrencies, according to an Oct. 24 article from the Korea Economic Daily. According to a letter from Seo-joon, he suffered severe…

‘Hyperbitcoinization’ Is Coming to an Emerging Market Near You, Paxful’s Ray Youssef Says

“The Global South is very interesting, particularly places like Africa, because the people there don’t need anything,” Youssef remarked. “They are under such restrictive financial regimes, that honestly, it’s a miracle they’re not extinct. They’re ingenuity and resourcefulness will create amazing wealth.” Source ComingEmergingHyperbitcoinizationMarketPaxfulsRayYoussef CryptoX Portal

Litecoin Hits $1 Million In Whale Transactions

boss

Litecoin, for most part of the current year, has been silent and is only mentioned when its price goes down relative to the overall sentiment of the whole crypto market. Litecoin manages to increase its value by 1.3% over the last week LTC is seen trading at $54.89 over the next five days A sharp fall from its current trading price is likely to happen over the next few weeks Since attaining its $410.26 all-time high (ATH) on May 10 last year, the crypto has been on a steady decline,…

Investors are loving SEC’s crypto industry crackdown, according to survey

The United States Securities and Exchange Commission’s (SEC’s) more-than-enthusiastic crackdown on the crypto industry is being seen as a positive signal for the majority of crypto investors, according to a new survey.  Around 60% of 564 survey respondents in the latest MLIV Pulse survey from Bloomberg said they viewed the recent flurry of crypto crackdowns as a positive sign for investing in the asset class. Around 65% of retail investors signaled they were “more likely” to invest with “greater enforcement against crypto” compared to 56% of professional investors. Conversely, only…

Secondary Sales Volume Tied to Reddit’s Collectible NFT Avatars Surges Crossing $5 Million – Blockchain Bitcoin News

boss

Reddit’s non-fungible token (NFT) avatars have produced significant market action in the NFT industry, as the collectible’s secondary market sales reached more than $5 million on October 24 across more than 20,000 sales. The demand for Reddit’s collectible NFT avatars minted on Polygon has also spurred over three million Redditors to leverage Reddit’s Vault blockchain wallet. Demand for Reddit’s Collectible NFT Avatars Skyrockets — $5 Million in Secondary Sales Sold Across 20,000 Sales During the first week of July, Reddit revealed the company had plans to release blockchain-backed avatars that…