The U.S. Internal Revenue Service (IRS) has provided NFT investors with greater clarity regarding how the assets are expected to be taxed. Same Tax Law For All Digital Assets According to the IRS’s tax year 2022 guide, all “digital assets,”…
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Israel Begins Using Blockchain to Offer Government Bonds
According to a report from October 19, the Israel Ministry of Finance has teamed up with VMware and Fireblocks to carry out a proof of concept for issuing government bonds through blockchain in order to lower costs and shorten the…
Aptos: Much-awaited Silicon Valley Blockchain Flops Amid Transparency Concerns
The much-awaited Silicon Valley blockchain startup Aptos, which includes former workers of Meta Platforms Inc. (NASDAQ: META), started logging transactions on Tuesday. But is the buzz justified? The Solana data throughput and Ethereum’s popularity are the targets of the contracts/dApps…
India’s Finance Minister Questions the Blockchain’s Suitability For Use In Tradeable Assets
Nirmala Sitharaman, India’s finance minister, is uncertain about the application of blockchain technology for tradable assets. The nation is advancing its digital rupee CBDC while also exploring international regulatory collaboration. Sitharaman expressed this sentiment while on a visit in the…
Mango Markets $100 Million Exploiter Reveals Identity
The exploiter of the DeFi loan portal Mango Markets in Solana has identified himself and described his behavior as “a highly profitable trading strategy.” According to Avraham Eisenberg, who describes himself as a “digital art dealer,” he was responsible for…
UK Electronic Bill Hints Use of Blockchain
On Oct 12, the United Kingdom’s House of Lords approved a bill that could potentially use blockchain technology to store trading documents. According to the government’s press release, the Electronic Trade Document Bill has the following goals: The Bill will…
EU Sanctions Get Russian Journalists and Activists Kicked Off Crypto Exchanges
Russian users of the cryptocurrency exchanges LocalBitcoins, Crypto.com, and Blockchain.com have been advised to withdraw money from their accounts as services will soon be halted for them. Fresh Set Of Sanctions The European Commission last week issued a fresh set…
Ripple Defies Bear Market and Court Case To Make Big Moves In France and Sweden
Cryptocurrency payments company Ripple Labs continues to defiantly beat the odds as it seeks to beat the SEC case and reestablish itself in the crypto space. The company has established new relationships in France and Sweden, advancing farther into Europe…
Solana-Based Decentralized Finance Platform Mango Has Been Hacked For $100 Million
The Solana blockchain-based decentralized finance platform Mango has been exploited for over $100 million. Blockchain auditors OtterSec first posted about the hack on Twitter, claiming that “the attacker was able to alter their Mango collateral.” Attackers Inflated Mango’s Token According to…
How did Hackers steal More than $500 Million(approx. 2 Million BNB Tokens )? Explained
The BNB Chain had to stop all transactions due to an exploit. According to the BNB chain team: “There was an exploit affecting the native cross-chain bridge between BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20 or BSC), known…