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Russia's Minister of Finance Suggests Letting Banks Sell Crypto: Report
Cryptocurrencies should be treated like investments in gold and other assets, the minister wrote in a letter to the prime minister. Source link
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IRS Offers Tezos Staker Refund on Rewards Tax in Break From Current Policy
In 2019, Joshua Jarrett paid income tax on 8,876 tezos tokens he earned through staking. In 2020, Jarret asked the IRS to return the taxes he paid, arguing the tokens were not income but “created […]
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UK Tax Regulator Updates Guidance on Staking and DeFi Lending
The new guidance lays out some examples of how users could decide the nature of their return from lending or staking. For instance, if the return amount, say 5% per annum, was already agreed to, […]
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Hester Peirce Warns Proposed SEC Reform of Securities Trading Platforms Could Threaten DeFi
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has warned that plans by the agency to reform securities trading could threaten decentralized finance (DeFi) platforms. Source link
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Blockchain Bridge Wormhole Suffers Possible Exploit Worth Over $326M
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial […]
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Tom Brady Retires to Focus on Family, NFT Startup
Buccaneers and former Patriots quarterback Tom Brady announced his retirement Tuesday after playing 22 years and winning seven Super Bowls, more than any player or franchise in NFL history. He launched an NFT startup last […]
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Neopets Pitched a Metaverse Pivot. Fans Balked
For many Neopets fans, an effort to bring the early-aughts classic into Web 3 is throwing up red flags. Source link
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Why India Isn’t Buying NFTs (Yet)
Amitabh Bachhan, Bollywood’s biggest superstar, affectionately known as “Big B,” launched an NFT collection with several thoughtful collectibles, including poem readings and even a Big B CryptoPunk. The entire collection sold for just under $1 […]
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Coinbase, Genesis Highlight Massive Institutional Growth at MicroStrategy Conference
Brett Tejpaul told MicroStrategy CEO Michael Saylor that increase in business has prompted an increase in the institutional group’s size, from about a dozen people to 150. Institutions need to know they can transact their […]
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Fed’s Hawkish Pivot May Not Last, Bitcoin Analysts Say
“I anticipate that we are to see some slowdown in” the pace of Fed monetary-policy tightening, said Edward Moya, senior market analyst at the foreign-exchange brokerage Oanda. “If there’s some cracks in the economy and […]