China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). According to a domestic news report,…
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The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token called “OP” that aims to “govern protocol upgrades and project incentives.” Ethereum Scaling…
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Ethereum (ETH) Layer 2 (L2) scaling solution Optimism has announced the launch of its OP token that would further help the initiative move toward a decentralized governance structure known as the Optimism Collective. Optimism Collective is a bicameral governance system built to push the L2 solution toward a sustainable decentralized ecosystem. The collective will…
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The former CEO of the bankrupt bitcoin exchange Mt Gox, Mark Karpeles, announced he has launched a non-fungible token (NFT) project that will give Mt Gox customers registered between 2010 and 2014 an airdropped NFT. The Mt Gox NFTs are ERC721-compatible tokens that claim to provide “specific use cases.” Former Exchange CEO Announces Commemorative Mt…
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The CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox has announced a “commemorative” non-fungible token (NFT) collection for users and creditors of the infamous trading platform Writing on Twitter on Monday, former Mt. Gox CEO Mark Karpelès said that NFTs will be airdropped for free to anyone who “had a balance or filed…
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Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% – the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%. From now on taxed the same as lottery…
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The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection’s new utility and governance token ApeCoin (APE) was airdropped to holders of NFTs in the BAYC ecosystem on Thursday, soaring in price as major exchanges rushed to list it. At 10:13 UTC on Friday, APE traded at USD 14.61, up 41% for its first…
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During the last 24 hours, the cryptocurrency community has been discussing the launch of a new token called apecoin (APE), released by the newly-formed Apecoin DAO. At launch, the token exchanged hands for $10.36 per coin, but dropped more than 40% to $6.21. Since the token’s all-time low and Bored Ape Yacht Club (BAYC) owners…
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Ukraine has received nearly $40 million in crypto donations, out of which almost $7 million came after the announcement of the now-canceled airdrop. Ukrainian Vice Prime Minister Mykhailo Fedorov informed the public on Wednesday that the country has decided to cancel an airdrop for crypto donors that was announced on Tuesday and plans to raise…
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Ukraine has canceled a much-talked-about “airdrop” to people who have donated crypto to the country, with non-fungible tokens (NFTs) that support Ukraine’s Armed Forces now being planned instead, the country’s Minister of Digital Transformation, Mykhailo Fedorov, said on Twitter…. Read More: Ukraine Cancels Crypto Airdrop, Says It Plans to Issue NFTs Instead Read more…
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