Bitcoin and Ethereum See a Dip in the Average Transaction Fees

Bitcoin, the world’s most valuable digital currency, experienced a volatile period last month as the price of BTC dropped nearly 40% within the last three weeks of May 2021. However, the volatility has decreased over the last few days. According to the latest data published by the crypto analytics firm, Glassnode, the mean transaction fees for Bitcoin and Ethereum dropped […]

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South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body – Taxes Bitcoin News

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” Data Needed for Future Action […]

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SmartKey and Orange Revolutionize the Blockchain of Things – Sponsored Bitcoin News

As technology moves forward, you use more and more innovations to facilitate your daily activities. The cooperation of the largest Polish telecommunications operator with the innovative BoT (Blockchain of Things) provider improves the standard of your daily life. With the use of technology provided by SmartKey, Orange’s Live Objects platform puts an end to all the problems that arise when […]

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Former congressman Ron Paul: Bitcoin is money and should be taxed the same

Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization of Bitcoin and other cryptocurrencies in the past. The former congressman has also regularly taken aim against the Federal Reserve […]

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Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour

While the short-term market outlook for many NFT projects look uncertain, and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 nonfungible tokens (NFTs) in just under an hour. Nonfungible token studio Zenft released a line of 8,888 unique bonzai NFT plants that quickly sold out on Tuesday, with the studio […]

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Funding surpasses $2 million for this charity DAO

Opportunities for cryptocurrency usage have risen over the years as digital assets have become more well known. One operation, called Endaoment, is aiming to put charitable giving in the hands of the people and recently secured over $2 million to further its endeavor.  “Endaoment facilitates tax-deductible giving of cryptocurrencies via its Donor-Advised Funds, a kind of charitable financial account, where […]

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Polygon and AU21 Capital unveil $21M fund to support Polygon developers

Polygon ecosystem is getting a major funding boost thanks to a new joint venture fund with blockchain venture capitalist AU21 Capital, setting the stage for wider adoption of the Ethereum-compatible infrastructure platform.  The $21 million Polygon Ecosystem Fund announced Wednesday is designed to provide direct funding support for promising projects building on top of Polygon. The fund will offer business […]

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GMO Group Announces Partnership with INX Limited to Offer Yen Stablecoin

GMO Trust, the New York-based regulated stablecoin subsidiary of Japanese financial services conglomerate GMO Internet Group, announced a partnership with INX Limited to bring the world’s first regulated Japanese yen-pegged stablecoin, GYEN, through its subsidiary INX Digital, Inc. According to the press release, GYEN will be offered to both retail and institutional investors. Furthermore, INX will also be integrating GMO […]

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