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Tax the Metaverse Calls Gain Momentum Following Scholarly Research


A new research paper from Harvard legal scholar Christine Kim argues that the same tax principles that apply to physical world income should extend to the metaverse. Christine Kim, a law professor at Yeshiva University, laid out the case for taxing the metaverse in her recent paper "Taxing...

Robinhood to Buy Back SBF’s Stake for Over $605 Million


Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses....

Binance Removes Sanctioned Russian Banks From P2P Platform


Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...

Cypher Says Token Offering Part of Steps to Make Users Whole


The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...

Binance Pay revolutionizes Brazilian crypto payments


Binance, a leading provider of blockchain and cryptocurrency technology, has recently released Binance Pay in Brazil. This new payment option offers exciting opportunities for local businesses to attract new customers, streamline their transactions, and minimize costs. Binance Pay, a cutting-edge...

GEO Pay partners with ProBit Global


GEO Pay, a Ukraine-based venture, has entered into a partnership with ProBit Global. The development was made public by ProBit, highlighting that GEO Pay is their latest fiat-to-crypto payment partner. What makes GEO Pay a perfect fit for the partnership is the fact that its mission statements...

Russia Will Use CBDC Pay Benefits & Evade Sanctions, Experts Claim


Russian experts say they think that the government will use the digital ruble to pay state benefits – and think the CBDC could be used to evade sanctions. With just days to go until Russia pilots the coin, experts have been examining the scant details that have thus far been forthcoming prior...

Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million


Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes


More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...

GTA Online Publisher Execs Get $72M Thanks To Player Spending


According to new documents, GTA, Borderlands, and NBA 2K publisher Take-Two Interactive is paying two of its top execs over $70 million this year, over twice what it paid the same executives last year. And that number could increase next year, as players continue to spend more and more on in-game...

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