Tag: Support

ConsenSys releases statement of support for continuation of the Jarrett tax case

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ConsenSys issued a statement Feb. 7 in support of the appeal of the of Jarrett v. United States case concerning the taxation of staking rewards. The case originated in a dispute over a refund of about $4,000 that Joshua and Jessica Jarrett claimed on XTZ tokens they validated in 2019.  The Jarretts claimed their staking rewards should be treated as property and taxable only on upon their sale. After the U.S. Internal Revenue Service (IRS) ignored their refund claim, the Jarretts filed suit. They issued the refund in 2022, but…

Binance to support users in Turkey’s earthquake region with $100 airdrops in BNB tokens

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The devastating earthquake that hit Turkey on Feb 6 has left a trail of destruction in its wake, affecting numerous communities and individuals. In response to the tragedy, cryptocurrency exchangeBinance has announced that it will airdrop $100 USD worth of BNB tokens to all Binance users residing in regions hardest hit by the earthquake. The process of identifying eligible users will involve checking Proof of Address (POA) submissions made before February 6th in ten cities affected by the earthquake, including Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Şanlıurfa, and…

Avalanche (AVAX) price is up, but do fundamentals support the rally?

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Avalanche (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend throughout February. AVAX’s year-to-date gains for 2023 have outpaced those of Bitcoin (BTC) and Ether (ETH). Recent reasons for AVAX’s rally can be attributed to an Amazon partnership announcement on Jan. 11. The partnership is meant to easily deploy nodes on the Avalanche blockchain with Amazon Web Services (AWS). Ava Labs, which supports the Avalanche ecosystem, hopes the partnership increases blockchain usage for enterprises and governments. While AVAX…

BTC Rebounds, as Bulls Reject Breakout of Key Support Level – Market Updates Bitcoin News

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Bitcoin was trading in the green on Feb. 7, as prices rebounded following a near collision with a key support point. Bulls have so far rejected this move towards $22,500 and instead pushed prices higher. Ethereum also rallied, with prices continuing to trade above $1,600. Bitcoin Bitcoin (BTC) rebounded from Monday’s lows in today’s session, with prices racing back above the $23,000 level. Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day. The move comes as bitcoin bulls…

‘Multichain future is very clear’ — MetaMask to support all tokens via Snaps

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MetaMask Snaps aims to facilitate a “multichain future,” allowing the Ethereum-based wallet service to support non-native blockchains and tokens for the Web3 economy. Details of the latest in-development addition to MetaMask’s growing ecosystem were unpacked at the StarkWare Sessions event in Tel Aviv, Israel, in Feb. 2023. Speaking to Cointelegraph Magazine editor Andrew Fenton, Alex Jupiter, the senior product manager at MetaMask Snaps, revealed details about potential blockchain synergies. The last 18 months have seen the development of Snaps speed up after the success of MetaMask Swaps, which brought token…

Binance to Support Georgia’s Crypto Industry Through Blockchain Education – Exchanges Bitcoin News

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Digital asset exchange Binance has agreed to help Georgia to develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading coin trading platform has been expanding its presence in the region with similar projects in other countries. Binance and Georgian Tech Agency to Jointly Develop Country’s Crypto Economy The world’s largest cryptocurrency exchange, Binance, announced the signing of a memorandum of understanding with Georgia’s Agency for Innovation and Technology (GITA). The sides intend to work together on the implementation of educational and community initiatives in the blockchain…

Japanese Prime Minister says DAOs and NFTs help support government’s ‘Cool Japan’ strategy

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Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country. In response to questioning from Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were “various possibilities for using Web3” in Japan. He added that the Japanese government could use aspects including nonfungible tokens (NFTs) and decentralized autonomous organizations (DAOs) in efforts to revitalize regions and promote ‘Cool Japan’ — a national strategy aimed…

Reliance Retail Adds Support for India’s CBDC

The RBI is yet to announce when and whether the Digital Rupee will be launched for general use. India’s largest retail chain, Reliance Retail has added support for the country’s Central Bank Digital Currency (CBDC) dubbed the Digital Rupee. As reported by TechCrunch, the company said it had partnered with ICICI Bank, Kotak Mahindra Bank, and fintech firm Innoviti Technologies to launch in-store support for the digital rupee. The Indian CBDC is still in its trial stages after the Reserve Bank of India (RBI) made the announcement last year. The…

Indian retail chain rolls out support for CBDC payments in stores: Report

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One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.  In a report by Tech Crunch, the company said that CBDC support is already rolled out at Freshpik, its gourmet store line. In addition, the firm also noted that it will be expanding support for the digital rupee to all of its properties, a move that could potentially push adoption forward for the country’s CBDC. V Subramaniam,…

New FOI resources to support public authorities

2 February 2023 A blog by Deborah Clarke, ICO Upstream Regulation Manager Deborah is responsible for supporting public authorities to comply with the Freedom of Information Act and Environmental Information Regulations. We’ve been working hard, following the commitments made in our ICO25 plan, to make improvements to our Freedom of Information (FOI) services. We want to enhance the experience and outcomes for people making FOI requests and also support public authorities to be transparent and accountable about the decisions they make. We now have a new Upstream Regulation team in…