KEY POINTS “For those wondering, I will pay over $11 billion in taxes this year,” Elon Musk tweeted Monday. Stock options Musk was awarded in 2012 are set to expire in August next year. In order to exercise them, he has to pay income tax on the gain. The Tesla and SpaceX chief has been […]
Elon Musk says he will pay over $11 billion in taxes this year Read More »
“If Congress does not enact legislation, the regulators will try to use what authority they have,” stated the U.S. Treasury official Nellie Liang. The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with comments on
US Treasury official beckons new stablecoin regulations Read More »
Cryptocurrency companies that were attracted to Singapore for their crypto-friendly stance have begun to realise the difficulty of legally operating in the city-state, Nikkei Asia reported. According to figures released by Singaporean regulators, more than 100 of around 170 cryptocurrency businesses that applied for licensing have been turned down or withdrawn their applications. While many more, operating under exemptions,
Cryptocurrency Firms Starting to See Singapore as Unhospitable, Nikkei Says Read More »
A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could Approve Crypto Law by Next Year A new cryptocurrency bill
Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay Read More »
The Wall Street bank sees blockchain as one of the most disruptive technologies since the advent of the internet. Blockchain technology is central to the development of the metaverse and Web 3, Goldman Sachs said in a research report. It is the only technology that can “uniquely identify any virtual object independent of a central authority,” and
Goldman Sachs Says Blockchain Is Key to Metaverse and Web 3 Development Read More »
Sports and Bitcoin both transform energy through low time preference into appreciable proof-of-work rewards. Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves to provide security for an unpredictable future. The more energy
HOW SPORTS AND BITCOIN EXEMPLIFY LOW TIME PREFERENCE AND EFFICIENT ENERGY EXPENDITURE Read More »
KEY POINTS Chinese electric car start-up Nio’s second electric sedan, the ET5, is set to begin deliveries in September 2022, CEO William Li said Saturday at the company’s annual “Nio Day” event. Li also announced custom augmented reality glasses for the car that are made by Nreal, a Chinese start-up backed by Nio’s investing arm.
Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses Read More »
Former US President Donald Trump’s wife Melania Trump released her first NFT token which will run on the Solana blockchain. It is reported that the NFT will trade with the native token SOL of the Solana blockchain from December 16 to December 31 at a price of 1 SOL. According to Coinmarketcap, currently SOL token is trading for
Ex-US President’s Wife Melania Trump Releases Her First NFT, Price at 1 SOL Read More »
Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas,
Leading Mexican Retailer Grupo Elektra Accepts Bitcoin Read More »
International cooperation is required to gather the information needed to evaluate crypto risks to the global financial system. The Bank of England is facing challenges in finding the information it needs on institutional exposure to crypto, and plans to ramp up the pace of international talks on establishing a regulatory regime for the assets, the
Bank of England to Ramp Up Talks on Crypto Rules as Data Is Hard to Find: Report Read More »
