Big questions about how laws and taxes apply to NFTs and the metaverse

[ad_1] NFTs can now serve as court documents… but they might also be unregistered securities, illegal loot boxes, or come with impossible tax demands. Nonfungible tokens (NFTs) are thought of by most people as just funny pictures that degens on the internet spend far too much money on for poorly understood reasons. But Jason Corbett, managing partner of global blockchain law firm Silk Legal, says new and innovative use cases are
Bitcoin News

Did Insurance Giant AON PLC Provide $750 in Insurance to Bankrupt Celsius Network?

[ad_1] Advertisment Aon Refuses to Confirm or Deny its Involvement in the Billion Dollar Securities Offering Dublin: Between June 5, 2022 and July 8, 2022 bankrupt crypto lender, Celsius Network, added a banner to its website homepage proudly touting the existence of $750 million in insurance for its assets. The insurance was supposedly obtained through GK8, a Celsius subsidiary that mainly sells crypto vault software. Celisus website as of June
Bitcoin News

What is Shibarium Blockchain? – The Bitcoin News

[ad_1] Advertisment The Shibarium blockchain layer-2 solution is a work-in-progress project first introduced by Ryoshi, the founder of Shiba Inu (SHIB). It is basically an L2 protocol that sits on top of the Ethereum blockchain to offer faster transactions with low fees. According to Ryoshi, the transaction fees of Shibarium will be minimum or even zero. Moreover, Shibarium will act as a developmental playground for blockchain programmers and boost the

Think tank launches ‘technical sandbox’ exploring United States CBDCs

[ad_1] A U.S. think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC).In an Aug. 31 Tweet from Digital Dollar Project (DDP), the organization said the new program would explore “technical and business implementation” questions revolving around a U.S. CBDC. The organization noted that the initial participants of the sandbox include crypto-firm Ripple, financial technology company Digital Asset,

CZ hits back at claims Binance is a Chinese company

[ad_1] Binance CEO Changpeng Zhao (CZ) has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket of the Chinese government.”CZ's response to critics came from a Sept. 1 blog post via Binance, and stems from a Twitter spat with a former Washington Post journalist who asked him; “While I have you here, who's Guangying Chen?” He explained

Celsius files to reopen withdrawals for a minority of customers

[ad_1] Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn. There’s a catch, however, as the motion will only apply to Custody and Withold Accounts and for custodied assets worth $7,575 or less in value. Celsius has structured their Custody and Withhold Accounts, which essentially serve as storage wallets, in a

Tether requests Roche Freedman to be booted from class action

[ad_1] USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case.In an Aug. 31 court order request by Elliot Greenfield of Debevoise & Plimpton LLP, the law firm representing Tether and Bitfinex requested that Roche’s law firm be removed from the case entirely and to certify that they’ve

Former blockchain skeptic David Rubenstein discloses investments in crypto companies

[ad_1] Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States.Speaking with CNBC'S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the U.S. Congress will tak a collaborative approach to boost an innovation environment in the country."The