Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined. Charlie Munger Says ‘It Was a Huge Mistake’ to Allow Crypto at All Charlie Munger, Warren Buffett’s right-hand man…
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The U.S. state of Colorado is preparing to accept cryptocurrency for tax payments, said Governor Jared Polis. “We expect to accept crypto by this summer,” he said, adding that after tax payments, crypto will be accepted for other things like driver’s licenses or hunting licenses. Colorado to Accept Crypto for Tax Payments The governor of…
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Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on…
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While Berkshire Hathaway’s Vice Chairman Charlie Munger continues to voice his usual criticism of crypto, he also warns that inflation “is a very serious subject, you could argue it is the way democracies die” and “a huge danger.” He was speaking during an interview with Yahoo Finance. According to Munger, the US government “probably…
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As the Japanese crypto scene is sending more signs of adoption and investments, a blockchain business leader is calling for a crypto tax laws reform. Here’s what recently happened in the Land of Rising Crypto Sun. … Read More: Japanese Gaming Giant Enters Metaverse, BitBank Adds Lightning Amid Crypto Tax Reform Call Read…
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In another sign of intensifying work on crypto-related legislation among European countries, the Slovenian Ministry of Finance has released a draft bill that is to introduce a tax on cryptoasset trading. As a next step, the government could submit the draft bill to the Slovenian parliament for further legislative work…. Read More: Slovenian Finance Ministry…
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Is 2022 the year of NFTs that can evolve and change over time or should NFT data be immutable? Cointelegraph spoke about the nonfungible token, or NFT, market with Halsey Minor, CEO of the NFT publishing platform provider Vivid Labs. Vivid Labs offers the VIVID NFT platform that allows creators to build NFT marketplaces on…
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Partnerships, cross-chain integrations and a major exchange listing provided a 50% boost for API3 price. In the emerging Web3 world, data is the most valuable commodity, and oracle solutions provide a valuable role in facilitating the accurate and secure transmission of data between blockchains and data sources. One project that is taking a different approach…
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Both President Barack Obama and the previous administration issued executive orders related to digital assets. The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework. In a Thursday report…
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BTC price plummeted to $41,750 as global markets, stocks and altcoins corrected in the face of escalating tensions between Russia, the United States and Ukraine. The quick-moving volatility that the cryptocurrency market is known for reared its ugly head on Feb. 17 as ongoing tensions between Russia and Ukraine and the rest of the world walloped financial…
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