Category: Cryptocurrency News

submitted by /u/TylerLebronaghan [link] [comments]

A fair few posts either talk up a project like it's going to be cool to tattoo it on your ass in a few days or talk it down that it's worse then cancer. It's pretty much why the saying "Buy the rumour, sell the news" exists. As people don't know how to dial in…
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submitted by /u/0218JM [link] [comments]

I'm curious to know this sub's point of view on how the Silk Road marketplace affected Bitcoin as we know it. While the dark web marketplace was essentially shut down years ago, I feel as though the current state of crypto would be different had the marketplace never existed. I understand that Silk Road's goals…
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Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans. As the new year begins, the revenue department of Thailand is setting up its measures for implementing its tax plans on crypto traders this January. The move is to provide more clarifying information on the tax over crypto-related activities. According to the director-general of the revenue department, this month will mark the finalizing of the criteria for tax calculations which will be on crypto trading profits. The statement’s release was one week following its government’s disclosed plans to levy crypto miners and traders with a capital taxation gain of 15%. A Bangkok Post article on Tuesday reported the instruction of Prayut Chan-o-cha, the Thai Prime Minister, to the revenue department. He told the department to analyze the issue and map out the taxation plans for the investors and the entire public. Related Reading | Upside Potential in NFTs is Massive Says, Gary Vaynerchuk Following the Prime Minster’s instructions, the department has engaged the Bank of Thailand in a discussion. The talk is also the country’s Stock Exchange and Security and Exchange Commission. Cryptocurrency Investors React On Taxation Plan The Thai Digital Asset Association, while seeking clarifications, got in touch with the revenue department on Sunday. A local media reports that the association seeks to know more concerning withholding taxes and capital gains. Suppakrit Boonsat, the President of the Association, stated that many cryptocurrency investors accept the taxation. However, their concern is making moves that may violate the Revenue Code. Some traders are worried that there could be back taxation or penalties to trades and profits in previous years. According to a spokeswoman from the government, the authorities are not posing any hindrance to industrial development and innovation with fintech included. However, she warned that a rush to accept crypto trading without a thorough understanding could lead to a crypto crisis. Thailand intends to place its new taxation only on profits from miners and traders. In addition, there is an exemption of the country’s digital asset exchanges. With the largest affiliated with commercial banks and billionaire business tycoons. Related Reading | January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good According to the latest filing requirements, those that fail to comply with the rule will be heavilThethe move. In addition, they issued some warnings to individual businesses and commercial banks concerning adopting the country’s digital assets as pa through the movement options. In December, through the move Bank of Thailand mentioned its plan of drawing out measures for regulating crypto-related activities. The regulation, which was tagged ‘Red Lines,’ will cover both businesses and individuals within the crypto industry. Featured image from Pixabay, chart from TradingView.com

submitted by /u/HabileJ_6 [link] [comments]

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million […]

Digital assets have experienced a boom in the past years with new trends, such as DeFi, NFTs, and digital property, supporting a new wave of adoption led by institutional demand. These players have embraced the technology upon which they are planning to build the internet of the future, the Metaverse. In the coming years, as younger generations inherited wealth and power, every financial and business sector will need to have a presence in the Metaverse. Thus, understating the benefits and opportunities earlier could reward projects and investors that develop a business strategy around these assets. A new project called Metaverse Avenue and built on Solana was created for users to begin their journey into this sector. This advertising metaverse platform leverages the power of NFTs for users or companies to promote their products, personal and corporate brands, in the digital world. Create Your Profile Or Rent Property On The Metaverse Metaverse Avenue has a strong team of people with deep knowledge in the promotion and development of crypto and blockchain products. In total, there are around 10 people that understand design, marketing, and the crypto industry as a whole, that decided to create a unique way to combine the power of NFTs with marketing. Metaverse Avenue will let users purchase NFTs and get a block on the project digital billboards. Therein, a person or company can upload information and an image on themselves or a brand. Billboards will be formed of a specific number of blocks. According to the project’s official website, Metaverse Avenue will only mint a total of 10,000 tokens. These digital assets will be worth 1 block on the platform and will be available in a pre-sale on January 26th at 20:00 London time. Investors and interest parties can sign up for the pre-sale via a whitelist. More information on this upcoming event can be obtained via the Metaverse social media, and their Discord Channel. Those people that sign up and get one of the limited places on the whitelist will receive a discount during the pre-sale. At that time, 1 Metaverse Avenue NFT will have a value of 0.99 SOL. Post-event, during the project’s main sale, 1 NFT will be valued at 1.99 SOL that will provide them with their size of the block and location, each to be determined randomly and with their own individual size. The Metaverse Avenue, How To Generate Passive Income On Digital Land Once these events are concluded, the NFTs will be listed at a marketplace, such as Solanart.io or Alpha.art. However, each owner will be able to set the cost for renting one of their blocks for advertisement. Offers are to be set on Metaverse Avenue’s official website. Thus, the platform will operate as a guarantor between a potential advertiser and a digital block owner. Per the project’s website, the functionality to rent-out block will be activated in April 2022 as the platform heads out into a multi-year development phase with exciting new features and capabilities. Data from Republic Real Estate, one of the largest property agencies in the U.S., estimates that digital land has seen over 10x returns since 2019. The growing demand, and financial possibilities to capitalize on fresh opportunities, such as marketing and advertising with Metaverse Avenue and similar projects, seems poised to support more appreciation for the sector.   Image: Pixabay

The crypto influencer and model’s fan club DAO is guided by its core values “Simplicity, Integrity, Meaning, and Purpose,” or SIMP.

Rumors abound that LG subsidiary, LG CNS, is the technical partner helping Bithumb develop its NFT marketplace which is set to be launched at some point in 2022.