More than 3600 Bitcoin ATMs went offline to record largest monthly decline
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs. Go to Source Powered by WPeMatico
Month: April 2023
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus to Maintain Its Crypto-Friendly Tax Regime for Another 2 … Read more
‘AI Tools Will Provide Very Interesting Enhancements for the Metaverse’ — Upland Co-Founder
According to Dirk Lueth, co-founder of the Upland Metaverse, the colonization of the metaverse by tech giants and the building of so-called “walled garden systems” is not sustainable. Lueth argues that instead of “locking users in,” the metaverse should usher in “a future where they are free to move between platforms and can easily take … Read more
Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk
Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. Go to Source Powered by WPeMatico
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves Terraform Co-Founder at Large Citing … Read more
El Salvador removes all taxes related to tech innovation for economic growth
Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador. Go to Source Powered by WPeMatico
Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report
Investors pointed to Musk’s portrayal of “a fictitious financial expert” during a Saturday Night Live appearance, where he referred to Dogecoin as “a hustle,” as a reference point in the lawsuit. Go to Source Powered by WPeMatico
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the … Read more
Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities
Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed. Ripple’s … Read more
Cronos (CRO) Dips 16%, Hedera (HBAR) Dips 21% While Collateral Network (COLT) Leaps Ahead Of The Competition With Its Presale
Throughout the Web3 space, investors and traders are greeted with over 23,000 projects to pick from. As such, staying in the loop and knowing what to look for is essential to building a broad, varied and profitable cryptocurrency portfolio. There are three cryptocurrencies that we are going to look at today, and those include Cronos … Read more
