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US Senate Finance Committee asks digital asset community how to tax it in open letter

Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so. NEWS United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the taxation […]

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‘Extended reality’ to create 860K jobs by 2025: EU Commission

The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. NEWS The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — to create as many as 860,000 jobs in Europe by 2025.  Extended reality or XR is an […]

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New York prosecutor charges hacker over $9M exploit of Solana-based exchange

A skilled computer security engineer has been charged with wire fraud and money laundering related to an attack on a decentralized exchange. NEW A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto […]

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Celsius files lawsuit to recover $150M from staking platform StakeHound

Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound. NEWS Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius.  According to a […]

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Russian parliament passes a “digital rouble” bill

Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature. NEWS The central bank digital currency (CBDC) project in Russia made one large step closer to reality. On July 11, Gosduma, the lower chamber of the Russian parliament, passed a “digital rouble” bill in the third reading. Now the document faces confirmation […]

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Bitcoin has entered a civil war — Over ‘art’

The Ordinals Protocol is generating a circular digital economy where assets are priced, bought and sold via Bitcoin. OPINION In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs). “Giving a little more […]

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Arcadia Finance hacker used reentrancy exploit, team demands return of funds

In a post-mortem report, Arcadia Finance developers said an attacker stole funds by liquidating a vault before it could perform a health check, interrupting the app’s normal flow of operations. NEWS The Arcadia Finance attacker used a reentrancy exploit to drain $455,000 from the decentralized finance (DeFi) protocol, according to a July 10 post-mortem report issued by […]

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Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will. NEWS A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency (CBDC) has discovered functions in the code that would […]

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Canada’s court deem emoji valid as a contract agreement: Report

The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji. NEWS A Canadian judge has ruled that the widely used thumbs-up emoji can affirm that a person is legally entering into a contract.  According to a report from […]

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Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters

Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent. NEWS Crypto firms may appear to have been prepping entry to Hong Kong with unabated excitement, but it’s yet to translate into in-country hires, according to recruitment executives. On […]

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