News

Venezuela Approves 20% Tax on Bitcoin and Crypto Transactions
Venezuela Approves 20% Tax on Bitcoin and Crypto Transactions

Venezuela applies 20% tax on Bitcoin and crypto transactions. Tax will apply to transactions on all foreign currencies. Only El Petro and the national currency are exempt from the tax. Following India’s decision to apply tax on crypto transactions, Venezuela comes to a similar decision. Specifically, the Venezuelan government has decided to apply a 20% tax on Bitcoin and crypto transactions.  In response to this tweet from Watcher.Guru, many responded saying the 20% tax is too much. Still, this 20% tax is much less than India’s decision to tax 30% on crypto sales transactions.  In detail, the Venezuelan government approved

2 mins read
Cash App Now Allows People to Use Bitcoin via Lightning Network
Cash App Now Allows People to Use Bitcoin via Lightning Network

Cash App has now integrated Bitcoin payments into its app through the Lightning Network. The recent update will enable more than 30 million users to pay for services or money transfer through Bitcoin. On the other hand, Bitcoin failed to breach the $45,500 resistance level. Mobile payments platform Cash App recently announced that it has integrated the Bitcoin Lightning Network. This means that more than 30 million of its users will now have access to Bitcoin payments via the Lightning Network. To be clear, customers can pay using Bitcoin to stores that enable the use of the Lightning Network. Meanwhile,

1 min read
SLP Surges 70% in Wake of Former Pokémon GO Product Lead Reveal
SLP Surges 70% in Wake of Former Pokémon GO Product Lead Reveal

Smooth Love Potion (SLP) price has skyrocketed overnight to as high as $0.0240. People believe that the pump is due to breeders stashing away SLP and AXS. The pump is also in the wake of Axie Infinity’s new product manager announcement. The price of Smooth Love Potion (SLP) skyrocketed overnight to as high as $0.0240. According to CoinGecko, this is a surge of at least 70%. The dramatic price increase is telling, especially since SLP price dipped to as low as $0.0089 just a couple of days ago. However, the price pump is not directly caused by the Axie Infinity

1 min read
Nigeria’s P2P Bitcoin Trades Continue To Soar Despite Crypto Ban
Nigeria’s P2P Bitcoin Trades Continue to Soar Despite Crypto Ban

Nigeria’s peer-to-peer Bitcoin trading continues to soar.  It is up by over 16% despite the country’s central bank ban.  The price of Bitcoin (BTC) continues to climb steadily. Nigeria’s citizens continue to show their faith in Bitcoin and cryptocurrencies. In detail, the country’s peer-to-peer (P2P) Bitcoin trades have continued to rise. Specifically, the P2P Bitcoin trading in Nigeria has gone up by over 16%.  To highlight, this is a significant statistic as it shows that the people of Nigeria have continued to use Bitcoin despite the central bank enforced ban from last year.  From the tweet above, we can see

2 mins read
Bitcoin Is 9th Most Valuable Asset in the World, Beats META
Bitcoin Is 9th Most Valuable Asset in the World, Beats META

Bitcoin beat Facebook (META) by market capitalization.  This places Bitcoin as the 9th most valuable asset in the world.  Bitcoin Fear & Greed Index sees a positive shift for Bitcoin. In the midst of what seemed to be a massive rut in the crypto space, Bitcoin has broken the silence. As of early this morning, Bitcoin flipped Facebook (META) in market capitalization.  According to a tweet from Watcher.Guru, this makes Bitcoin the 9th most valuable asset in the world. At the time of writing, the price of Bitcoin (BTC) is $42,778.53 according to CoinGecko. This is a 17.9% increase over

2 mins read
KPMG Canada Adds Bitcoin and Ethereum to Balance Sheet
KPMG Canada Adds Bitcoin and Ethereum to Balance Sheet

KPMG Canada has added Bitcoin and Ethereum to its balance sheet. The company assured that it took a “rigorous risk assessment” prior to investing. Aside from crypto, the company is also interested in DeFi, NFTs, and the metaverse. The Canada branch of auditing juggernaut KPMG recently announced that it has added Bitcoin (BTC) and Ethereum (ETH) to its balance sheet. This is the firm’s “first of its kind” investment into crypto. KPMG Canada purchased the mentioned crypto assets through the US-based crypto exchange Gemini. According to the company’s announcement, this will not be its last engagement with innovations that came

1 min read
Russian Leaders Push for Bitcoin Trading and Mining Regulations  
Russian Leaders Push for Bitcoin Trading and Mining Regulations  

Russia’s leaders are pushing for fair Bitcoin regulations.  Minister of Finance urges for Bitcoin sales license for Russian banks. Chamber of Commerce wants to accept Bitcoin mining as established businesses. Another country has stepped up in an effort to introduce effective crypto regulations within its borders. Indeed, this time it is Russia to make exciting announcements pertaining to crypto regulations.  To highlight, Russia’s Ministry of Finance is pushing for letting banks sell Bitcoin. Meanwhile, the country’s Chamber of Commerce is all for allowing Bitcoin mining to be recognized as an established business.   In detail, Russia’s Minister of Finance — Anton

2 mins read
Axie Infinity Confirms Adventure, Daily Quest Rewards Removal
Axie Infinity Confirms Adventure, Daily Quest Rewards Removal

Adventure and daily quest rewards will be removed altogether once Season 20 kicks off. A total of 117,676 AXS will be distributed to the top 300,000 players. Players under 800 MMR will be able to earn 1 SLP for every win. NFT game Axie Infinity announced that it will be removing adventure and daily quest rewards once Season 20 has begun. According to a document, the removal of Smooth Love Potion (SLP) rewards will occur soon. The new changes mean that SLP will only become obtainable by winning in the Arena or PVP mode. SLP issuance in the Arena will

1 min read
Tech Expert Says India’s Digital Rupee Will Be Fairly Advanced
Tech Expert Says India’s Digital Rupee Will Be Fairly Advanced

Tech expert Tanvi Ratna, shares her thoughts on the digital Rupee. She says the digital Rupee will be fairly advanced.  India’s infrastructure seems to be in place to welcome the digital Rupee. Indian tech expert — Tanvi Ratna, Founder of Policy 4.0 shares her thought on India’s upcoming digital Rupee. In detail, she expresses her hope for the future digital asset with CoinDesk via a video. In detail, Ratna says that she expects the Indian digital Rupee to be fairly advanced. This is likely because the country has been planning to launch the digital Rupee since 2019.  In fact, Ratna

2 mins read
NFT Marketplace HitPiece Draws Flak for Unauthorized Music Selling
NFT Marketplace HitPiece Draws Flak for Unauthorized Music Selling

Music NFT marketplace HitPiece is under fire for selling music without proper authorization. Part of the artists affected by the unauthorized music selling was Korean hit BTS. The platform did not apologize to the musicians. HitPiece, a music NFT marketplace, has recently drawn flak from artists and fans for selling music without proper authorization. Various artists who appear to have no prior knowledge that their work has been minted into NFTs only found out about HitPiece after the said incident. This is because HitPiece is only a startup.  As per various reports, the startup was selling music from indie artists

1 min read
Coachella Music and Arts Festival Joins the NFT Bandwagon
Coachella Music and Arts Festival Joins the NFT Bandwagon

Coachella Valley Music and Arts Festival is having an NFT sale. Some NFTs are available at a fixed price while others will go in bids. The sale starts on Friday at 10 AM PT. Coachella has some exciting news for music and NFT fans worldwide. Indeed, it seems the Coachella Valley Music and Arts Festival has also joined the NFT bandwagon. The annual music festival will take place in April.  Presently, the buzz is all about the Coachella Collectibles NFTs rather than about the festival itself. This probably comes as no surprise as more and more celebrity artists and musicians

2 mins read
Theta Network’s NFT Liquidity Mining Goes Live On ThetaDrop
Theta Network’s NFT Liquidity Mining Goes Live On ThetaDrop

Theta Network announces that it’s NFT Liquidity Mining has gone live.  Users can now earn TDROP upon purchases on the ThetaDrop secondary program.  The price of THETA and TDROP are presently at $2.92 and $0.03 respectively.  The Theta Network is happy to announce that its NFT Liquidity Mining has just gone live. This is very exciting news for Theta and NFT fans worldwide. Users on the ThetaDrop secondary marketplace have much to be excited about.  To begin, users will earn TDROP every time they make a purchase on the ThetaDrop secondary platform. In particular, this acts as an added incentive

2 mins read