Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his...
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Bitcoin inheritance tool to use cloud service by Russian Sberbank
A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank. A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their...
EU entrusts $30M to new blockchain and digital assets fund
The European Investment Fund invested $30 million in a new $120 million blockchain and digital assets fund, highlighting the sector’s “strategic importance” for the EU. Analysts have long decried the European Union’s lack of homegrown tech giants, pointing to the gulf...
Cointelegraph Consulting: Rarible’s daily transactions see a rapid decline
The daily transaction volume on NFT auction site Rarible has dropped significantly since peaking in April 2021 and has not recovered since. Nonfungible token (NFT) sales tapering off is nothing new, and since their May peak, they have gone down by about 90%. However,...
Robinhood Hits $32 Billion Valuation After $2.1 Billion IPO
Popular stock trading app Robinhood, which was at the epicenter of the “meme stock” frenzy earlier this year, raised $2.1 billion via its much anticipated initial public offering (IPO) today. In total, the company has sold 55 million shares at $38 each, which is the...
US–Japan digital trade deal should include crypto: American think tank
Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade. Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United...
Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related...
Israeli gov’t seeks to track crypto holdings above $61K
Framed as a "war against black capital," Israel's Ministry of Finance estimates the new legislation could bring in $9.2 million in additional state revenues through tax. The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for...
US Senators Look to Raise Extra $28 Billion via Crypto Taxes
The latest iteration of the bipartisan infrastructure plan in the United States Senate has been supplemented with several new provisions aimed at expanding crypto-related taxation and reporting requirements. Per the document published today, policymakers are looking...
EY aims to simplify cross-border withholding tax process with blockchain
EY expects that its new blockchain-based withholding tax solution can lay a foundation for the European Commission’s withholding tax relief system. Global professional services firm Ernst & Young (EY) continues exploring the potential of blockchain technology to...