Senate proposal for crypto tax exemption is long overdue
Four senators are fighting to exempt low-value crypto transactions from federal taxation. Congressional approval for their proposal is long overdue.
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Stefan Berger explains the reason behind the delay in MiCA voting
One of the reasons behind the delay is “the enormous amount of work for the lawyer linguists, given the length of the legal text.” 269 Total views 2 Total shares As the Plenary vote for the landmark Pan-European crypto legislation, Markets in Crypto Assets (MiCA), has been rescheduled from the end of 2022 to February…
Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance
Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting. 231 Total views 1 Total shares Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido
Marathon Digital keeps on mining despite BTC price slump
Earlier this month, Marathon said it has been accumulating or “hodling” its Bitcoin since October 2020. As of June 1, 2022, the firm held approximately 9,941 BTC. 205 Total views 18 Total shares Despite data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon…
Ubisoft Might Be The First Major Games Company To Geek Out Over Blockchain
It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world.While this has moved many smaller development companies and hobbyist programmers to release their own blockchain-driven games, distributed ledger technology’s reception among mainstay gaming companies has so far largely been neutral.A new…
DeFi can be halal but not DOGE? Decentralizing Islamic finance
While Islamic scholars have long wrestled with the question of whether cryptocurrency is halal, what if it’s really fiat that isn’t permissible?Islam has strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, or salt, among others. Waseem Mamlouk, from the DeFi platform Nimbus, argues that government-issued fiat…
Restaking will spark the next big rush of money into crypto
Platforms including EigenLayer, Symbiotic and Karak are charting new territory on the frontier of restaking.
Jaguar Uses Iota in Proof-of-Concept Demo for Tracing Car Energy
Distributed ledger technology (DLT) company Iota partners with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT.Tracking energy source and usageIota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie…