In a significant turn of events, South Korea’s Democratic Party has reached a consensus to delay the implementation of cryptocurrency taxation laws, effectively pausing an ongoing struggle over digital asset regulation. As announced by floor leader Representative Park Chan-dae, this agreement pushes back the taxation of crypto profits by two years. During a recent press
Adidas has recently taken a groundbreaking step by joining forces with STEPN GO, a rising player in the Web3 landscape, to launch their inaugural co-branded physical footwear. This collaboration represents not merely a business arrangement but a significant leap toward amalgamating cutting-edge digital frameworks with traditional craftsmanship in athletic wear. At the core of this
As the Ethereum ecosystem continues to expand, the Xai Foundation has made substantial strides toward easing entry into blockchain gaming through the launch of Tiny Sentry Keys. This revolutionary initiative aims to democratize access to an exciting array of gaming opportunities facilitated by non-fungible tokens (NFTs). By presenting an affordable alternative to traditional Sentry Keys,
In an exhilarating development for gamers and blockchain aficionados alike, SuiPlay has launched pre-orders for its cutting-edge gaming device, the SuiPlay0X1. This innovative platform is not merely a console; it represents a significant intersection where the worlds of gaming and blockchain converge. By integrating the concept of non-fungible tokens (NFTs) with traditional gaming elements, SuiPlay
Amid a transformative atmosphere for the cryptocurrency industry, Rep. French Hill has made clear his intentions to deepen oversight of the regulatory actions that may be hindering crypto businesses from gaining access to traditional banking services. His statements resonated significantly during a recent hearing held by the House Financial Services Committee, where industry leaders shared
Bitcoin has recently made headlines as it fought to maintain a critical support zone near the $96,400 mark. This endeavor follows a period during which it successfully broke free from a prevailing bearish trend line, suggesting that a potential recovery could be on the horizon. The significance of this support level cannot be understated; it
In a significant move reflecting the evolving landscape of cryptocurrency, Foundry Digital has announced a 27% reduction in its workforce, impacting 74 employees. This decision aligns with a broader strategic realignment by the company’s parent organization, Digital Currency Group (DCG). The layoffs represent a concerted effort to prioritize essential operations primarily centered around Bitcoin mining,
The Securities and Exchange Commission (SEC) is on the cusp of a significant change with President-elect Donald Trump’s announcement of Paul Atkins as the next chairman. This decision, highlighted in a December 4 post on Trust Social, demonstrates the Trump administration’s commitment to embracing innovation, particularly in digital assets. Such a stance could potentially reshape
As Bitcoin grapples with the elusive $100,000 milestone, the altcoin market has showcased remarkable resilience, with Binance Coin (BNB) leading the charge. BNB’s recent performance has been nothing short of spectacular, as it reached an all-time high after a six-month hiatus. Within a mere 24-hour period, BNB skyrocketed by over 22%, achieving a record valuation
In a world increasingly burdened by economic and political turmoil, Russian President Vladimir Putin’s recent remarks regarding Bitcoin (BTC) and digital currencies hold significant implications. At the Investment Forum in Moscow on December 4, he boldly claimed that digital currencies are “unstoppable” and that they can revolutionize the global financial landscape by decreasing inefficiencies and