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Crypto/Blockchain

Blockchain, crypto set to take sports industry beyond NFT collectibles

Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. Adding …

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Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch

At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. ** This post was updated at 3:00 p.m. (ET) to reflect the fact that the Terra blockchain …

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Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases

According to the Times of India, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has confirmed that the government has decided to impose a 0.1% tax charge on incomes emanating from the trade of digital currencies. Indonesia, Southeast Asia’s largest economy, announced plans to tax capital gains from crypto investments by 0.1 percent …

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Algorand Scores FIFA Partnership, ALGO Price Surges

The blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup and an official sponsor of next year’s Women’s World Cup. FIFA, soccer’s global governing body, locked in Algorand as an official blockchain partner before the World Cup competition that starts in November in Qatar. According to the agreement, Algorand will …

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Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round

0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation. The details of the financing round were revealed exclusively to Forbes who also reported that Pantera, Jump Capital, OpenSea, and Jared Leto also participated in backing the …

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Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to fade and concerns about the state …

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Kadena Protocol Launches $100m for Web3 Grants Initiative

Kadena Protocol, a scalable Layer-1 blockchain network, has announced the launch of a $100 million Web3.0 grant to power the growth of innovative startups looking to build on the network. According to a blog post shared by Francesco Melpignano, the Chief Executive Officer of Kadena Eco, the application for the grant is now ongoing and the …

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Commerzbank Applies for Crypto License

After the German commercial bank (Commerzbank) applied for license encryption earlier this year, it will become the country’s first major bank to provide encryption currency if they are approved to get the operation license. German bank Commerzbank also appears to be strengthening its crypto offering after applying for a crypto license earlier this year in the first …

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Vitalik Buterin Becomes Citizen of Crypto-Friendly Montenegro

Ethereum co-founder Vitalik Buterin has been granted Montenegrin citizenship. Buterin joins other members of the crypto community with global experience who have been invited to help the small Southeast European nation attract investments and develop its blockchain sector. Vitalik Buterin Obtains Montenegrin Passport Prominent crypto figure Vitalik Buterin is now a citizen of Montenegro, the country’s public service …

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