The UK Government Seeks Public Feedback on DeFi Taxation

The UK Government Seeks Public Feedback on DeFi Taxation

The UK government is seeking public opinion on how to tax loans and staking for crypto assets in the context of decentralized finance (DeFi).  The government is particularly keen on learning more about the taxes on crypto-asset loans and...

The Pentagon Identifies Alarming Flaws in Blockchain Technology

The Pentagon Identifies Alarming Flaws in Blockchain Technology

According to a Pentagon-commissioned assessment, the blockchain is not decentralized, can be attacked, and uses out-of-date software. According to the report tagged; "Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers?", a fraction of participants may exert centralized control over...

Chinese Tech Giants to now Require ID Checks for NFT Purchases

Chinese Tech Giants to now Require ID Checks for NFT Purchases

According to a South China Morning Post report, China's non-fungible token (NFT) business has released a "self-discipline initiative" that guarantees identification checks for users, adherence to the country's cryptocurrency prohibition, and a promise to not develop secondary marketplaces to...

El Salvador Buys Extra 80 Units of Bitcoin at $19K

El Salvador Buys Extra 80 Units of Bitcoin at $19K

El Salvador, under President Nayib Bukele, has favoured Bitcoin, positioning the country as a crypto-friendly nation. The country has purchased Bitcoin in the past, ignoring the concerns of the IMF and the United States government.  Recently, the president announced...

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