IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new ‘Digital Asset’ category. Go to Source Powered by WPeMatico
Month: October 2022
Turkey taps blockchain for e-Human project, President Erdoğan announced
Turkish President Recep Tayyip Erdoğan shared new details about the country’s e-Human project powered by blockchain. Go to Source Powered by WPeMatico
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions are set to remain in force for an indefinite period. Eliminating Pressure From … Read more
Report: India ranks third in the world in terms of Web 3.0 workforce size
There are currently 450 Web 3.0 startup in the country, including four unicorns. Go to Source Powered by WPeMatico
Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.” Go to Source Powered by WPeMatico
Institutions ‘moving very, very fast’ into Crypto: Coinbase exec
D’Agostino also said the recent battles between the SEC and CFTC is a good thing for crypto because it indicates that it will be a “vitally important piece of market structure” moving forward. Go to Source Powered by WPeMatico
Major client demand the ‘tipping point’ for BNY Mellon’s crypto services
BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets. Go to Source Powered by WPeMatico
German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before the mid-December deadline. Go to Source Powered by WPeMatico
The Best Technical Analysis Indicators
If you are a cryptocurrency investor or trader, the chances are high that at some point in time, you will run into a bottleneck or a wall where you may feel as if your knowledge is blocking you from making well-informed decisions regarding trading. To be more efficient at the decision-making process, you will need … Read more
Nifty News: Top 10 CryptoPunks wallet lays dormant, house sells on OpenSea, and more
A dormant nonfungible token (NFT) wallet from 2017 with 141 CryptoPunks has been found to have minted the now ludicrously expensive NFTs for a possible $7 each. Go to Source Powered by WPeMatico