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Theta upgrade goes live to support wTHETA as TNT20 token

Theta upgrade goes live to support wTHETA as TNT20 token

Theta Labs (THETA) successfully deployed the Theta v3.4.0 upgrade at block height 17285755, which supports wrapped THETA (wTHETA) as a TNT20 token. This upgrade was key for the launch of the Theta Metachain, which is expected to happen in December 2022. The new version allows the wTHETA to be transferred to Metamask wallets and other smart contracts. …

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CFTC’s Pham calls for new office focused on retail traders, with eye to crypto protections

CFTC’s Pham calls for new office focused on retail traders, with eye to crypto protections

QUICK TAKE A CFTC commissioner has proposed a new office that would focus on retail market protections. The commissioner, Caroline Pham, has made a concerted outreach effort to the crypto industry. Commodity Futures Trading Commissioner Caroline Pham has proposed a new ‘Office of Retail Advocate’ for the CFTC, one that could factor into a broader …

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CoinFlex creditors overwhelmingly back restructuring plan in early voting

CoinFlex creditors overwhelmingly back restructuring plan in early voting

QUICK TAKE CoinFlex’s creditors have overwhelmingly backed the crypto exchange’s restructuring plans in the early hours of voting on the proposals. The company plans to turn over 65% of its equity to creditors and vest 15% to employees. CoinFlex’s creditors have overwhelmingly backed the Seychelles-based crypto exchange’s restructuring plans in the early hours of voting on the …

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IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

The Internal Revenue Service (IRS) has received authorization from a U.S. district judge to sniff out individuals who attempt to sidestep taxes on their cryptocurrency transactions. The order comes at a time when digital asset adoption is seeing a surge, and the number of crypto tax evaders is subsequently increasing. A press release from the United States …

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South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021

The country began seizing crypto to offset tax arrears last year. NEWS   According to local news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies in the past two years due to tax arrears. The country’s politicians enacted regulations allowing for the seizure of digital currencies for …

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The Future of Cryptocurrency: 8 Experts Share Predictions for the Second Half of 2022

The Future of Cryptocurrency: 8 Experts Share Predictions for the Second Half of 2022

The first half of 2022 has been very bad for the crypto market. Bitcoin and ethereum are down more than 50% from their all-time highs in late 2021. While there have been small surges in recent weeks, the crypto market as a whole is largely stalled. While no one knows for sure, some experts say crypto …

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Crypto investment app Bitpanda adds commodities trading

Crypto investment app Bitpanda adds commodities trading

QUICK TAKE Crypto investment platform Bitpanda has launched the ability for users to trade commodities such as oil, natural gas, aluminum and wheat. This follows previous product additions such as its July addition of thematic crypto indices and the launch of its exchange-traded note last year which tracks the price of bitcoin. Crypto investment platform …

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After the invasion of Ukraine, the Russian central bank intervenes to defend the ruble’s dropping value.

After the invasion of Ukraine, the Russian central bank intervenes to defend the ruble’s dropping value.

Russians formed large queues to withdraw cash from their bank accounts on Monday as the ruble plummeted in response to sanctions imposed on Russia by the U.S., U.K., Canada, and European Union over the weekend. The currency dropped almost 30% in value on Monday. Adding to the pressure on Russian banks, many shops stopped accepting …

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Do we need to abandon GDP to meet net zero?

Do we need to abandon GDP to meet net zero?

It was a notable second. In September 2019, the then-16-year-old Swedish environment lobbyist Greta Thunberg commanded the notice of the world during a location to the United Nations Climate Action Summit. Reprimanding a fundamental conviction supporting huge wraps of worldwide monetary approach – that the more we produce, the good we are – she said: …

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