NFT holders sue art gallery, Ubisoft to launch Web3 game: Nifty Newsletter
A group of NFT holders sued an art gallery, claiming it failed to deliver its promised metaverse club.
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Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies
Big Four auditing and professional services firm Ernst & Young EY) has launched a tool for accounting and preparing taxes on cryptocurrency holdings, according to a press release published on Mar. 4.The new tool called EY Crypto-Asset Accounting and Tax (CAAT) is designed to improve accounting and tax calculations for digital currency transactions by both institutional…
Uzbekistan has no plans to ease crypto payments ban, says official
One official said that after banning crypto payments in late 2019, Uzbekistan won’t ever reconsider its decision. 534 Total views 57 Total shares The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official.Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted…
India: Police Arrest Suspects in Alleged $14 Million Crypto Scam
Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17.The case reportedly led to the freezing of several accounts in the country and to the arrest of four individuals…
Trump silent on crypto platform, SEC urged to clarify airdrops: Finance Redefined
Former President Donald Trump remained silent about his family’s upcoming crypto platform, and Republican Party lawmakers urged the SEC to clarify its stance on crypto airdrops.
Baidu metaverse app would take 6 years for a full launch, VP says
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said. 189 Total views 33 Total shares The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive.Baidu vice president Ma…
Will Bitcoin Price Finally Conquer $10K? Here Are 3 Things to Consider
Bitcoin (BTC) bulls were celebrating the digital asset’s recent surge above $10,000 for the first time this decade, but the smiles were short-lived as Bitcoin failed to hold above $10K for a meaningful amount of time.Is this another short-lived bull run like the seven times Bitcoin crossed $10K in 2019? Or is this time different?Daily…
Crypto pyramid scheme leader extradited to China after global pursuit
As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.
Crypto Markets See Green as Bitcoin Nears $3,900 and Ethereum Touches $160
Saturday, Jan. 5 — the crypto markets are mainly in the green today, as Bitcoin (BTC) moves closer to the $3,900 mark, data from Coin360 shows.Market visualization by Coin360Bitcoin has shown slight growth today, up by around 3 percent and trading at about $3,899 at press time. Over the month, Bitcoin is up almost 1…