Day: April 8, 2023

Polygon becomes second largest gaming blockchain after user activity surges in March

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Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to an April 6 Blockchain Games report published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, marking an increase of 53% compared to February. That figure places Polygon well ahead of third and fourth-ranked Hive and the BNB Chain at 84,000 and 80,000 UAWs a piece, while first placed WAX is…

Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization – Economics Bitcoin News

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Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly to blame for the developments. Tucker Carlson Believes Sanctions Are to Blame for De-Dollarization Efforts Across the World Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, touched on the recent moves countries have been making to distance themselves from using the U.S. dollar as…

Over 99% of crypto investors don’t report taxes, report indicates

As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance.  A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of cryptocurrency investors globally declared their crypto activities to local tax authorities in 2022.  STUDY: Divly, a tax preparation service in Sweden, conducted a survey which found that only 0.53% of global crypto holders pay taxes on digital assets. Finland had the highest percentage of taxpayers at about 4%. — Coingraph | News (@CoingraphNews) April 7, 2023 This article delves into…

Mt. Gox repayment window opens until October

The deadline for Mt. Gox creditors to submit their repayment details expired on April 6, opening the repayment window until Oct. 31, 2023. The repayments might take time, and the period could be extended with permission from the Tokyo District Court. Mt. Gox creditors’ are set to receive their base, intermediate, and early lump sum repayment by Oct. 31, following the passing of the repayment information submission period. However, the repayment deadlines might change depending on external factors. The specific repayment time of each rehabilitation creditor is not fixed yet.…

Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’

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Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.” Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2 weeks of April for crypto policy as legislation and oversight of the regulators ramps up. Stay tuned https://t.co/ZSsTFJ9pt7 — Ron Hammond (@RonwHammond) April 7, 2023 During an April 7 appearance on the Unchained podcast hosted by author and crypto…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient – Regulation Bitcoin News

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A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the FTX case from occurring,” she cautioned: “Certain areas still need further strengthening.” ECB’s McCaul Warns of EU’s Inadequate Crypto Regulation Elizabeth McCaul, a member of the European Central Bank Supervisory Board, discussed cryptocurrency regulation in a blog post published by the ECB Wednesday. She explained that the…

Thai opposition leader pledges $300 crypto airdrop for every citizen if elected

Thailand’s opposition leader, Srettha Thavisin, has vowed to provide each Thai citizen with a $300 USD equivalent cryptocurrency airdrop to stimulate the economy and promote digital currency adoption if he becomes the nation’s next prime minister. Thailand’s prominent opposition leader, Srettha Thavisin, has made a bold campaign promise to provide every Thai citizen with a $300 USD equivalent cryptocurrency airdrop if he is elected as the country’s next prime minister. Thavisin, who leads the Progressive Movement, believes this initiative would boost the nation’s economy and alleviate poverty. BREAKING: 🇹🇭 Thailand’s…

Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny – Regulation Bitcoin News

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Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago.” Robert F. Kennedy Jr. Warns about Fednow and CBDCs Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow system and central…

Florida governor Ron DeSantis challenges CBDCs, defends financial freedom

Florida governor Ron DeSantis has voiced strong opposition to central bank digital currencies (CBDCs), asserting that they threaten to undermine the financial freedom of Americans. Florida Governor Ron DeSantis has recently taken a strong stance against CBDCs, arguing that they pose a significant threat to the financial freedom of Americans. DeSantis sees danger in CBDCs In a tweet, DeSantis was quoted as saying, “CBDCs strip away Americans’ financial freedom and that’s not something I’m willing to accept.” This statement highlights the growing debate around the development and implementation of CBDCs…

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected – Bitcoin News

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the proposed airdrop could pose major challenges with specific implications. Thailand Prime Minister Candidate’s $300 Airdrop Promise Raises Concerns On Wednesday, Srettha Thavisin, a Pheu Thai candidate for prime minister of Thailand, declared that if his…