The SEC argues that as ETH validators are concentrated more densely in the United States, ETH transactions are seen as taking place in the country. The Securities Exchange Commission (SEC) has made an unprecedented claim that Ethereum transactions take place in the United States as ETH nodes are “clustered more densely” in the United States…
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Global economic conditions suggest that markets — including the cryptocurrency market — have further downside ahead. Don’t bank on a surge to new all-time highs in the months ahead. Global markets are going through a tough period — including the cryptocurrency market. But judging by talk from the peanut gallery, it seems like some observers…
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Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists. Modern parents are going to need to keep an even closer eye on their kids’ gaming habits, as some of them may be accumulating a hefty tax bill, according to a crypto tax specialist. Speaking to Cointelegraph during last week’s…
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YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in. The blockchain-based gaming industry will need to look at localized strategies to attract Web3 gamers, says decentralized gaming guild Yield Guild Games…
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Major video game studios are scaling back plans to develop their own blockchain-based play-to-earn titles, amid an ongoing downturn in the GameFi and wider cryptocurrency sectors. According to sources quoted by Bloomberg, NFTs and cryptocurrencies introduce a speculative and profiteering element into gaming that at least some major publishers would prefer to avoid…. Read More:…
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South Korean prosecutors have labeled the Terraform Labs CEO Do Kwon a “fugitive” – and have claimed that he fled South Korea in April – several days before the crash of Terra ecosystem coins like TerraUSD (UST)…. Read More: Prosecutors Hunt for ‘Fugitive’ Do Kwon & Say He Left South Korea ‘in April’ Read more…
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In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph Lubin, the blockchain’s co-founder and the founder of blockchain software company ConsenSys….…
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The LUNC price is pumping again, up 15% this week and back in the five top crypto gainers today on Binance, just behind ApeCoin. This latest LUNC pump is a considerable show of strength by the bulls – with the Bitcoin price still trading under $20,000 and Ethereum under $1,400 as market sentiment moves ‘risk…
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U.S. President Joe Biden has shared his perspective on inflation. “I am more optimistic than I’ve been in a long time,” he said, noting that inflation has not spiked for several months. Many people disagree with Biden, with one saying that “families are poorer than when he took office.” US President Joe Biden’s Views on…
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The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October…
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