Category: crypto

Russia’s Federation Council approved amendments to the Tax Code to regulate digital currencies like Bitcoin. The legislation defines digital currency as property for tax purposes, with income from crypto transactions taxed under a progressive system. Mining operators must report activities to enhance transparency. Some crypto activities are exempt from VAT. Critics worry about enforcement challenges,…

Off The Grid by Gunzilla Games won Game of the Year at the 2024 GAM3 Awards in Manila. The event celebrated excellence in Web3 gaming, with Off The Grid also winning awards for Best Shooter Game, Best Multiplayer Game, and Best Action Game. The event had over 300 attendees and reached a peak viewership of…

Coinbase CEO Brian Armstrong is working to uncover US banks’ crypto-related account closures through FOIA. He blames anti-crypto sentiment from figures like Elizabeth Warren and Gary Gensler for these actions, which he believes hurt the Democratic Party. Other crypto stakeholders have also faced account closures, leading to accusations of “Operation Choke Point 2.0.”

Bankrupt crypto lender Celsius is making a second round of payments to creditors, totaling $127 million and covering 2.75% of claims. This follows a previous payout of $2.53 billion to 251,000 creditors. Payments will be made in Bitcoin or USD cash, with Bitcoin payouts dependent on market value. Former CEO Alex Mashinsky faces trial in…

JMJ Mach is leading the way in luxury watchmaking by combining traditional craftsmanship with NFTs and blockchain technology to create “phygital” timepieces that are both physical watches and unique digital assets. Their innovative approach includes advanced security features, community governance through WatchDAO, and a limited release strategy targeting high-end collectors.

SOS Limited, a Chinese data mining and technology company, approved a $50 million Bitcoin investment to diversify assets and capitalize on its growing importance. The company plans to use various strategies for the investment. Following the announcement, its shares surged nearly 100%. Other firms, like MicroStrategy and Marathon Digital, have also made significant Bitcoin acquisitions,…

Vancouver Mayor Ken Sim proposes adding Bitcoin to the city’s financial reserves to protect purchasing power and diversify resources. The motion aims to position the city as a leader in digital asset adoption, citing Bitcoin’s decentralized and finite nature as a hedge against economic instability. Bitcoin advocate Jeff Booth supports the proposal, highlighting its potential…

MetaMask has integrated Venmo to provide users in the US with more options for converting fiat currency to cryptocurrency. This integration allows for easier onramp options for users looking to enter the crypto space using their Venmo accounts.

CryptoSlate Alpha is a web3 membership that provides cutting-edge insights and knowledge powered by Access Protocol. To access paywalled content, users must stake a minimum of 20,000 ACS tokens. By locking ACS tokens with CryptoSlate, users accept the terms and conditions of their third-party digital wallet provider and the Access Foundation.

Tether is ending support for its Euro-pegged stablecoin, EURt, citing Europe’s regulatory landscape as the reason. The company will focus on other initiatives, including the Hadron project, which aims to revolutionize asset tokenization in Europe. EURt has struggled to gain traction in the market, with competitors like Circle’s EURC dominating.