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Day: March 11, 2022

Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong

In Asia, Singapore extends taxes imposing on Non-Fungible Token (NFT) transactions, according to local media CNA. Speaking to the parliamentary reply on Friday, Singapore Finance Minister Lawrence Wong said the prevailing income tax rules “will apply to income derived from transactions of non-fungible tokens (NFTs),” adding that income tax treatment “will be determined based on …

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Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury

The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA …

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South Korea Becomes Next Country Led By A Pro-Crypto President

Two crypto-friendly candidates fought in a very close election for the South Korean presidency, with Yoon Suk-yeol coming out on top.   What’s in store for South Korea? The 51-year-old president-elect of South Korea describes himself as a conservative, but with strong economically libertarian tendencies. He is a member of the conservative People Power Party, …

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Women-led startup to help consumers monetize their data through blockchain

Greta Menzies, the co-founder of Chain Collective, says that blockchain can change the “economics of data between consumers and businesses.” Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the …

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EU and UK open antitrust probes into Google and Meta over 2018 ad deal

KEY POINTS The parallel probes will look at whether the so-called “Jedi Blue” agreement between the two companies hampered competition in markets for online display advertising services. Regulators in the EU and U.K. have opened antitrust probes into Google and Meta, formerly Facebook, over the tech giants’ 2018 ad deal. The parallel probes, announced Friday, will …

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STRIPE, FTX PARTNER FOR BITCOIN BUSINESS PAYMENTS

Stripe launched business infrastructure to support cryptocurrencies allowing businesses to transact and scale with Bitcoin. Stripe partnered with FTX and Blockchain.com to create payment processing software for Bitcoin and other cryptocurrencies. New services include payment integration with exchanges, ID verification scaling methods, currency conversion deposits, and streamlined automations. While Stripe stopped accepting bitcoin payments in …

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EBay Teases ‘Digital Wallet’ in Investor Presentation as Crypto Rumors Swirl

CEO Jamie Iannone recently said eBay is studying crypto as a form of payment. Online marketplace eBay (EBAY) flashed a “digital wallet” slide early in its Investor Day presentation on Thursday, adding to chatter about what the company’s plans might be with respect to crypto. EBay Investor Day presentation (eBay) EBay has floated the idea of crypto …

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Binance Suspends Transactions With Russian Mastercard and Visa Cards

Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their Mastercard and Visa Cards on Binance Starting on Wednesday, March 9, …

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How do I take my cryptocurrency winnings and reinvest them?

From the bottom last March, the S&P 500 went on to have its biggest price gains since 1950, rising nearly 75%. Those gains seem paltry by comparison when looking at a number of individual stocks or cryptocurrencies. Since the market bottomed on March 23, 2020, Tesla is up nearly 750%. Wayfair has risen more than 900%. Penn National Gaming has soared 820%. Bitcoin …

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E-government, e-voting, e-identities, and e-documents are examples of how blockchain might alter the government sector.

The excitement around the applicability of blockchain in the public sector is building at a large scale. Government agencies have started testing blockchain technology’s potential to improve the public sector. However, the technology’s application in the public sector remains in the experimental stages. Blockchain-based solutions could shift governments away from siloed and inherently insecure centralized …

E-government, e-voting, e-identities, and e-documents are examples of how blockchain might alter the government sector. Read More »