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Pakistan Faces IMF Pressure to Tax Crypto and Real Estate
18.3.2024
The International Monetary Fund (IMF) has stipulated that Pakistan's Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on cryptocurrency investments
The post Pakistan Faces IMF Pressure to Tax Crypto and Real Estate appeared first on Cryptonews
Theta EdgeCloud’s progress to the latest AI Compute Infrastructure
18.3.2024
In early 2022, Theta Labs CTO Jieyi Long and the engineering team began exploring AI, distributed systems, and machine learning applied to blockchain after inviting Peking University Professor of Computer Science Zhen Xiao as an academic advisor. Jieyi published a groundbreaking research paper...
Sony Reportedly Halts PSVR2 Production As Headsets Fail To Sell
18.3.2024
The PlayStation VR2 is struggling, it seems. According to a March 17 Bloomberg report, Sony has paused of the PS5’s virtual reality headset after its initial supply has failed to pick up sales momentum, resulting in an overflow of unsold stock.Read more
Cardano’s Charles Hoskinson Dispels Rumors of Abandoning Hydra Scaling Project
18.3.2024
Charles Hoskinson, CEO of Cardano, took to X to address rumors of Hydra's abandonment as "just pure FUD" (fear, uncertainty, and doubt) surrounding Cardano's latest project.
The post Cardano’s Charles Hoskinson Dispels Rumors of Abandoning Hydra Scaling Project appeared first on Cryptonews
Ether.Fi's Token Falls 20% After Debut
18.3.2024
Liquid restaking protocol Ether.Fi has issued its governance token (ETHFI) in the form of an airdrop and an over-subscribed Binance Launchpad round
Introducing httpz: The internet with massive potential
18.3.2024
Httpz exemplifies a novel vision for the internet, in which users can generate, exchange, and verify proofs of information without the involvement of any third parties. Users can ensure the data’s authenticity and that it originates from the source they anticipate. It builds upon...
China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors
18.3.2024
The People’s Bank of China publishes a digital yuan service guide for foreign visitors, detailing steps to download apps, open wallets, link accounts, and complete payments.
The post China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors appeared first on Cryptonews
Ethereum blockchain innovations transforming sports and esports industry
18.3.2024
Blockchain technology is a distributed ledger system that operates decentralized and securely across several computers to record transactions. Beyond cryptocurrencies, blockchain is used in several industries, such as voting, supply chain management, identity verification, and medical records....
Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister
18.3.2024
Bitcoin's record high above $72,000 hasn’t changed the Indian government’s position on crypto, according to Finance Minister Nirmala Sitharaman.
The post Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister appeared first on Cryptonews
Russian Crypto Mining Industry Could Be Set for $4Bn Boost
18.3.2024
The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia.
The post Russian Crypto Mining Industry Could Be Set for $4Bn Boost appeared first on Cryptonews
Prediction Market Kalshi to Take Bets on Crypto (Settled in Dollars)
18.3.2024
The CFTC-regulated platform will let traders bet on whether BTC will outperform ETH this year and other price outcomes amid renewed interest in both crypto and prediction markets
Dave Ramsey Sides With Warren Buffett on Bitcoin — Calls BTC Currency Based on Thin Air
18.3.2024
Personal finance expert and best-selling author Dave Ramsey says he agrees with Berkshire Hathaway CEO Warren Buffett regarding bitcoin. Viewing the crypto as a currency whose value is based on “thin air,” Ramsey stressed: “I wouldn’t wish bitcoin investments on somebody...
What Causes the Kimchi Premium? South Korean Experts Explain
18.3.2024
Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin, say South Korean experts.
The post What Causes the Kimchi Premium? South Korean Experts Explain appeared first on Cryptonews
BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy
17.3.2024
Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore,...
Unveiling ‘Mr. 100’ — The Mystery Bitcoin Wallet Linked to Upbit’s Cold Storage
17.3.2024
In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle...
Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion
17.3.2024
Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes....
$200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform
17.3.2024
Cetera Financial Group, a platform with $475 billion in assets under administration and $190 billion in assets under management, has approved four U.S. spot bitcoin exchange-traded funds (ETFs) for use in brokerage accounts on its platform. “We are prudently embracing bitcoin ETFs and...
‘Not a Store of Value’ — Vanguard CEO Labels Bitcoin Too Speculative for Long-Term Portfolios
16.3.2024
After the U.S. investment advisor Vanguard chose not to offer spot bitcoin exchange-traded funds (ETFs), its CEO Tim Buckley, in a recent discussion, described bitcoin as a speculative asset, unfit for inclusion in long-term investment portfolios. Vanguard’s CEO Confirms: No Change in Bitcoin...
NFT Market Faces 16.55% Drop in Sales Amidst Cryptocurrency Downturn
16.3.2024
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from...
Web3 OS Lowers Operating Costs Without Sacrificing Blockchain Security – Brendan Cooper
16.3.2024
According to Brendan Cooper, a core contributor at Andromeda, the widespread distribution and adoption of the Web3 operating system (OS) will likely result in the emergence of new business models, much like what happened with the Web2 OS. The Web3 OS is also likely to simplify “how developers...