CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
Happy Holidays for the TRON Grand Hackathon 2022 Season 3 Winners
There were 1185 participants in Season 3 of the TRON Grand Hackathon 2022, who formed 272 teams that submitted projects in one of six tracks: Web3, DeFi, NFT, GameFi, Ecosystem, and TRON Academy.
Metropoly Pre-Sale Raised 300k After Releasing Beta
The Metropoly presale for the METRO token has started successfully, with seven stages sold out and only three remaining. The METRO token presale started at $0.033 and will launch at a fixed price of $0.1. Metropoly has already managed to raise over $300,000 in its presale. The blockchain-based project aims to transform the real estate industry's operations, bringing it into the digital age.
FSB to set crypto regulatory norms globally
The Financial Stability Board (FSB) apparently plans to regulate bitcoin next year. The FSB's departing secretary general, Dietrich Domanski, said recent incidents show it's essential to address concerns in the field. Crypto regulatory suggestions will hold crypto ventures to the same standards as banks.
SBF Wishes To Create A Company, Formally Added As Hearing Witness
According to Nov. 14 bankruptcy documents, FTX may have "more than 1 million creditors" and lost $10 billion to $50 billion. FTX's ex-CEO wants to launch a firm to compensate them. On his media apology tour, Bankman-Fried again denied fraud. FTX founder William Bankman-Fried has been confirmed as a witness for the House Committee on Financial Services hearing on Dec. 13. He missed the Dec. 14 Senate Committee hearing on the FTX collapse. The other witness is FTX CEO John Ray.
GameStop Abandons Crypto As Q3 Losses Reach $95M
GameStop loses $94.7 million in the third quarter and fires digital assets workers. "We deliberately limited cryptocurrency vulnerability," CEO Matt Furlong stated. It appears to be continuing NFT and blockchain initiatives. GameStop will focus on collectibles, gaming, and pre-owned products. He "had a terrific experience taking a deep dive into blockchain and learning about many new topics in the crypto sector".
WAHED Projects Donates 5 Million WAHED Coins to Fund Autism Research and Therapy
non-profit organization focused on awareness, education and research to improve the care given to children and adolescents on the autism spectrum.
Binance employs Trump audit company to check crypto reserves
Mazars audits Binance's proof-of-reserve (PoR). Mazars' U.S. branch was Donald Trump's longstanding accounting firm. The accounting company is apparently evaluating all of Binance's publicly posted Bitcoin PoR information and will validate future upgrades and tokens.
Italy will tax cryptocurrency earnings 26%
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%.
New York suggests charging crypto firms for regulation
The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them. The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls.
VRJAM Announces The Initial Exchange Offering Of Its Revolutionary Metaverse Currency, Vrjam Coin
VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges Gate.io and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world's leading web3 focussed VC’s and investors.