Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators.
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Congresspeople chastise the Treasury for rushing new crypto monitoring proposal
As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond. 1759 Total views 9 Total shares Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury's recent proposal to make…
El Salvador's pro-Bitcoin President Nayib Bukele sworn in for second term
El Salvador's pro-Bitcoin President Nayib Bukele began a new five-year term, with the crypto industry applauding his leadership as he positions the country as a "world leader."
Japan’s largest mobile operator to establish Web3 consortium
Partially owned by the state, NTT Docomo aims to to accelerate the Web3 adoption in the Japan. 383 Total views 6 Total shares NTT Docomo, Japan’s largest mobile operator with over $40 billion in annual revenue, partnered with multichain smart contract platform Astar Network to accelerate the Web3 implementation in the country. The joint effort will…
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. 174 Total views 1 Total shares The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat.…
After Ethereum Merge, GPU prices may stabilize with dipping demand
The prices of many popular GPUs, such as Nvidia’s RTX3080, have dropped by nearly 60% over the last 90 days across some parts of the globe. 304 Total views 25 Total shares
Flare Network and Lena Instruments launch new crowdfunding mechanism
The mechanism allows investors to allocate a portion of the rewards they earned into funding startups. 351 Total views 19 Total shares Interoperability-focused blockchain Flare Network has partnered with software infrastructure firm Lena Instruments to implement a crowdfunding mechanism that lowers the risks associated with startup investing. Lena Instruments announced what it called a “CloudFunding" launchpad,…
3 reasons why Enzyme Finance (MLN) is up 92% in a week
Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money. One DeFi focused project that has been gaining attention over the past week as the mainstream world slowly opens itself…
What are decentralized social networks?
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