Are crypto cashback rewards taxable?

A massive diamond just sold on Sotheby’s for a whole lot of crypto. 310 Total views 2 Total shares Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9. The diamond “sold for $12.3 million to an anonymous buyer last Friday…

Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said. 315 Total views 34 Total shares Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according…

Thailand set to budget $16B for a crypto universal basic income scheme, Binance Japan to list 100 digital assets, Delio users' holdings slashed in half, and more. by Zhiyuan Sun 4 min August 31, 2023 Share Tweet Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto

Accredited investors will soon have over the counter access to a DOT investment trust 2936 Total views 17 Total shares In a market once dominated by a handful of BTC vehicles, there are now a growing number of products offering investors access to gains from popular altcoins like Polkadot. Yesterday, Osprey Funds announced the launch of…

Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum. From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14…

M12 adds early-stage Palm NFT Studio to its portfolio with participation from venture firm Griffin Gaming Partners. 1223 Total views 33 Total shares Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum co-founder Joseph Lubin, provides…

A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law.