According to a member of the nation’s tax compliance special staff named Yon Arsal, Indonesia has gathered close to $6.8 million in revenue since the implementation of taxes on fintech and cryptocurrency transactions in May. Arsal voiced his confidence that the number would increase during a recent retail conference. He reasoned that since the taxes … Read more
KuCoin, a cryptocurrency exchange situated in Seychelles, has cooperated with data aggregator 1inch DeFi to add native token swap capability to its internal wallet. KuCoin has released a decentralized product named KuCoin Wallet Through GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) functionalities, KuCoin Wallet offers consumers encrypted services for a convenient Web3.0 experience. To … Read more
Vitalik Buterin, the co-founder of Ethereum, thinks that none of the currently active initiatives by corporations to construct a metaverse are “going anywhere.” He cites Meta as an example of an initiative that he believes would “misfire.” Buterin said that while he believes “The metaverse is going to happen,” he does not believe that any … Read more
The digital payments startup Block Inc., which Jack Dorsey co-founded, announced a Bitcoin impairment loss of $36 million during the second quarter. The company ascribed the loss to “broader uncertainty about crypto assets.” In a letter to its shareholders published on Thursday, Block disclosed that its Cash App, an online payments service that facilitates the … Read more
Monday, the U.S. Department of Justice announced that Jessica Leeann Sledge of Pelahatchie, Mississippi, has been sentenced to 10 years in prison for allegedly attempting to hire an assassin via a dark web website using Bitcoin. According to United States Attorney Darren J. LaMarca and Special Agent in Charge Jericha Fomby of the FBI’s Jackson … Read more
Jordan Belfort, a former Wall Street trader, turned novelist, is the author of The Wolf of Wall Street, which Martin Scorsese converted into a movie in 2013. Former stockbroker Jordan Belfort, whose life inspired the blockbuster film The Wolf of Wall Street, has cautioned against investing in bitcoin with a “12-month or 24-month horizon”. While … Read more
On Wednesday, U.K. Finance Minister Nadhim Zahawi will declare his support for the long-awaited Financial Services and Markets Bill, allowing stablecoins to be used for payment purposes. After Brexit, the bill will assist the nation in developing a more competitive financial services industry. Members of UK Finance believe that stablecoins and crypto assets have enormous … Read more
Attacks on the non-fungible token (NFT) community’s most recent targets include NFT influencer Zeneca and NFT registration service PREMINT. Users were duped into linking their wallets by a phony airdrop for the influencer’s “Zen Academy Founders Pass” tied to Zeneca’s social media pages late on Tuesday. Everyone wants to be doing something special for the … Read more
Cynthia Lummis, a senator, stated that senators unfamiliar with cryptocurrency would require some time to understand and process the suggestions. According to the two senators, the key crypto legislation spearheaded by Republican Cynthia Lummis and Democrat Kirsten Gillibrand of the United States Senate will most likely be postponed until the next year. During their appearance … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more