Month: March 2023

Web3 Community LinksDAO Acquires Popular Scottish Golf Course

The LinksDAO CEO said that the platform aims to build a vibrant community of golf lovers and provide them with a whole new experience for being part of a golf club. On Thursday, March 16, Web3 community LinksDAO announced the purchase of a real-world golf course by securing the winning bid to acquire Spey Bay Golf Club, an oceanside 18-hole golf course in Scotland. The Spey Bay golf course is 100 years old and was receiving bids for 750,000 GBP, or nearly $910,000. However, it is unclear as to how…

Grayscale extends review of ETHPoW decision

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Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens. Grayscale announced on March 16 that the company intends to extend the review period for evaluating the market environment to determine whether it can acquire EthereumPoW (ETHW) tokens — the forked asset that emerged after Ethereum’s Merge in September 2022. During the review period, the firm also aims to decide whether, when and in what manner Grayscale may sell ETHW on behalf of the record date shareholders. “Such review period is…

Crypto assets to become a separate category in UK tax forms

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As the United Kingdom gradually develops its own comprehensive crypto framework, His Majesty’s Treasury is introducing a separate category for crypto assets in tax return forms. The particular line should appear in tax forms in 2024–25. On March 15, the U.K. Treasury published a report paper on the national budget for Spring 2023. The document announces the amendment of the self-assessment forms for crypto assets. In the table of anticipated expenses and revenues of the national budget the crypto assets, the numbers against the crypto assets line appear only starting…

International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison – Regulation Bitcoin News

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An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland — with Europol’s support. International Operation Takes Down Chipmixer The U.S. Department of Justice (DOJ) announced Wednesday “a coordinated international takedown of Chipmixer,” which it described as “a darknet cryptocurrency ‘mixing’ service responsible for laundering more than $3 billion worth of cryptocurrency.” Europol, which provided support for the…

What is quantum cloud computing, and how does it work?

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Akin to platform-as-a-service solutions, quantum cloud computing services work by connecting users directly to quantum processors, emulators and simulators. Physical quantum computers are very complex, making cloud-based access an ideal setup for those needing to harness the power of quantum computing without purchasing their own machine. According to IBM, its quantum hardware systems are roughly the size of an average car — mainly comprised of cooling systems to ensure that the superconducting processor remains at the ultra-cold ideal operating temperature. Quantum hardware systems consist of superfluids that work to super-cool…

Signum Digital scores approval to offer security tokens in Hong Kong

Signum Digital, a joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform. Security tokens are a new category of digital assets built on blockchain technology representing ownership of tangible assets, such as private equities, real estate, art and collectibles. By being linked to real-world assets, the tokens may lower risks for potential investors, facilitate research processes and provide a foundation for the market value of the investment…

SVB saga saw NFT sales drop to November 2022 low

The number of NFT traders actively trading on March 11 was only 11,440, the lowest amount reported since November 2021. This decline in traders can be attributed to fear that the implications of a central United States bank failing might have been instilled in investors, leading to the trading volumes of nonfungible tokens suffering a tremendous hit after the failure of Silicon Valley Bank last week. According to a study published on March 16 by the data aggregation platform DappRadar, trade-in nonfungible tokens (NFTs) were between $68 million and $74 million in…

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