The next bail hearing has been scheduled for Oct. 9. Source
Nigerian Court Postpones Decision on Gambaryan Bail Application
Category: ICO
Japan’s Financial Services Agency Considers Taxing Crypto as a Financial Asset
Any change might lead to the highest-earning crypto holders paying a lower rate of tax. The country currently taxes crypto profits as income, which can be as high as 45% for people earning over 40,000,000 yen ($276,000). Capital gains from sales of securities such as shares face a flat rate of 20%. Source
Crypto-Fan John Deaton Gets Chance to Battle Elizabeth Warren for U.S. Senate
Sporadic polling had left the GOP primary battle with little certainty as to an obvious frontrunner, though Deaton had the clear money lead among Republicans. For his primary run, Deaton was able to take in about $1.8 million in direct donations, including $1 million from his own pocket, according to the most recent public filings. Cain, who had been endorsed by noted crypto advocate Sen. Cynthia Lummis (R-Wyo.), had trailed with about $400,000 in direct giving to his campaign. Source
Crypto Exchange Binance Hires Grant Thornton
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Bitcoin Drops to Lowest Since August as U.S. Stocks Slide
Bitcoin mining profitability is stuck at record lows, JPMorgan said in a new research report. “We estimate bitcoin miners earned an average of $43,600 per EH/s in daily block reward revenue in August, the lowest point on record,” the analysts wrote. That compares with a peak value of $342,000 in November 2021, when the BTC price was $60,000 and the network hashrate was 161 EH/s. The network hashrate, a proxy for competition in the industry and mining difficulty, increased for the second straight month in August, JPMorgan noted. “The network…
India Becomes The Sandbox’s Largest Market for Creators: Co-Founder Sebastien Borget
The country now supplies 66,000 creators, who develop games for the immersive environment, compared with 59,989 in the U.S. and 25,335 in Brazil. The plan to focus on India was announced in December, and the platform is now targeting 1 million users in two years, co-founder Sebastien Borget told CoinDesk in an interview. Source
Mt. Gox Wouldn’t Have Happened With Modern Tools, Says Mark Karpeles as He Launches New Crypto Exchange EllipX
“Before Mt. Gox, nobody in Japan knew what bitcoin was, but when the Mt. Gox bankruptcy happened, it was covered all over national TV. Despite having only 10,000 to 20,000 customers in Japan, the event was streamed live on every TV station and widely reported,” he said. Source
TradFi Firms Want to Transact in Bitcoin (BTC), But Are Being Held Back by U.S. Regulations, Says Cantor Fitzgerald’s Howard Lutnick
“If a bank were to hold your bitcoin, they would have to set aside their own money equal to that amount, sort of ‘in jail’. That’s why they don’t hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin,” Lutnick said. Source
Ripple USD Stablecoin Could be Issued in ‘Weeks, Not Months’: Garlinghouse
Plans for the stablecoin come amid further boosts to the XRP Ledger network in the form of Ethereum-compatible smart contracts, which will let users build out on-chain exchanges and issue tokens, among other financial services, as they do on Ethereum. Source
Polygon Begins Token Swap, in Move to Allow More Issuance
“And then the second one is a means for, effectively, validators to receive emissions,” Boiron added. “Effectively, if you think of these new chains that pop up, what’s going to happen is that with time, they’re going to want to decentralize. And so instead of just having a centralized sequencer, they’re going to need to incentivize people to actually run a decentralized group or a decentralized prover. And if they don’t have a token, or if they don’t want to launch a token yet, how do they do that? Well,…