Author: e_cash_top

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[ad_1] The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger…

Terra LUNA Classic community reduces tax burn to 0.2%

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in Uncategorized

[ad_1] Terra Classic community approved proposal 5234, which reduces 1.2% tax burn to 0.2% and reserves another 10% tax revenue for the ecosystem infrastructure and contributors. According to a LUNC developer, 83% of the community participated in the voting process, and the proposal was approved by 82% of yes votes. The new tax rate will…

Israel moves to avail government bonds via blockchain

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in Guides

[ad_1] As per a report from Oct. 19, the Israel Ministry of Finance has partnered with VMware and Fireblocks to perform a proof of concept for issuing government bonds through blockchain to reduce costs and shorten the duration of issuance and clearing of government bonds. In addition, the project aims to expand transparency, streamline processes and…

Re-surging TRON holds steady as other large caps see losses

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[ad_1] The cryptocurrency market cap saw net outflows of $12.64 billion since the last wMarket report. As of press time, the total crypto market cap stood at $923.66 billion, down 1.3% over the last 24 hours. Bitcoin’s market cap fell 2.5% over the reporting period to $369.10 billion from $375.58 billion. Meanwhile, Ethereum’s market cap…

What happened to Polygon’s massive NFT ecosystem?

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in Uncategorized

[ad_1] This time one year ago, Polygon was the second largest chain for the number of NFT users, which Footprint Analytics counts as a wallet address that has bought or sold an NFT asset at least once in the previous month. By growing from nearly zero percent of the market share of NFT users to…

Internet Computer 2.0 expected as Aptos detractors relish Binance futures listing

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[ad_1] Against the wishes of the Aptos team, Binance will list an APT perpetual contract product on Oct. 19, with up to 25x leverage, according to Wu Blockchain. OKX joined Binance with a similar product offering going live on the same date. Perpetual contracts enable both longs and shorts. Following its recent debut, the controversial…

Roofstock sells first on-chain house as NFT for $175K

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[ad_1] Real estate platform Roofstock has completed the sale of a three-bedroom property as a non-fungible token (NFT) for $175,000. The rental property located at 149 Cottage Lake Way, Columbia was sold on the Roofstock onChain NFT marketplace by transferring the Home onChain identity to an Ethereum address owned by the house buyer Adam Slipakoff.…

Jack Dorsey introduces AT Protocol for federated social applications

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[ad_1] Block’s CEO Jack Dorsey, who was previously the CEO of Twitter, announced the launch of AT Protocol as a federated network to power the next generation of social media applications. AT Protocol, short for Authenticated Transfer Protocol was built as a federated network to allow users to easily communicate with blockchain URLs similar to…

Bitcoin held on exchanges reaches its lowest since 4 years

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in Uncategorized

[ad_1] The total amount of Bitcoin (BTC) held by exchanges reached its lowest since 2018, while Ethereum (ETH) supply on exchanges has been increasing significantly since June 2022. The numbers also indicate that investors who buy and hold Bitcoins prefer Coinbase to do so. Bitcoin Bitcoin held by exchanges has reached its lowest in four…

Bitcoin held on exchanges plummets as 50K BTC leaves Coinbase; Aptos blockchain criticized on scalability

Oct 18, 2022

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