Tag Archives: AA News

The Japanese government greenlighted a bill to exempt local cryptocurrency issuers from paying corporate tax on their holdings. The ruling body currently requires such firms to pay 30% on their ownings even if they haven’t gained profits through a sale. Japan’s ruling political party – The Liberal Democratic Party – aims to ease corporate tax legislation for domestic crypto issuers and thus stimulate such entities to operate in their homeland. Akihisa Shiozaki – an LDP...

American entertainment and record label conglomerate – Warner Music Group – is continuing to expand its metaverse strategy, evident in its latest partnership and investment in DressX, a digital fashion retailer. Under the agreement, Warner Music artists will be able to collaborate directly with DressX to design and launch 3D and AR virtual clothing, which can be collected and accessed by fans across various social media channels such as Instagram, Snapchat, and other...

Despite his seemingly poor market timing, former U.S. President Donald Trump’s recently launched collection of digital “baseball cards” sold out within 24 hours of their release.  The crypto community has reacted with amusement – especially given Trump’s prior statements berating crypto as a “scam.” Trump Has an NFT Collection? As CryptoPotato reported on Thursday, Trump’s NFTs – or “cards” – portray art representing parts of his life and career. The collectibles featured him...

Raydium – a Solana-based decentralized exchange (DEX) – was hacked for over $2 million on Friday.  According to Raydium, the hacker appears to have taken control of the exchange’s admin address to carry out the attack.  Over $2 Million Lost Raydium acknowledged the hack over Twitter, noting that investigations were still ongoing.  It provided a link to the attacker’s account, which appears to hold $1.45 million worth of Solana-based tokens at writing time. Solscan shows that...

The cryptocurrency exchange Crypto.com obtained a Payment Institution License (EMI) from the Central Bank of Brazil.  The authorization will allow the firm to continue offering digital asset products and services to residents of the South American country. Getting a Nod From Brazil In a recent announcement, Kris Marszalek – CEO of Crypto.com – said the company is “incredibly proud” to secure an EMI license from Banco do Brasil. The greenlight enables it to provide services to...

One of Core Scientific’s largest lenders – B Riley – has offered to loan out $72 million to the embattled Bitcoin miner in a bid to avoid a potentially unnecessary and value-destructive bankruptcy proceeding. According to the released statement, B Riley plans on providing non-cash pay financing on favorable terms with more than two years of runway for the firm to achieve profitability. Core Scientific already has an existing loan with B Riley totaling $42 million. Proposal...

On December 15, the Stellar Development Foundation (SDF) announced its partnership with the United Nations High Commissioner for Refugees (UNHCR) to pilot a digital cash disbursement system powered by Stellar to send money to Ukrainians in need. UNHCR is the United Nations agency tasked with protecting refugees and those displaced by persecution or political conflict. Stellar will focus on instantly delivering the UN’s aid via the “Stellar Aid Assist” pilot project. It...

Former U.S. President Donald Trump has announced a personal NFT collection featuring the art from his life and career.  As revealed over the celebrity politician’s social media site “Truth Social,” the Donald Trump Digital Trading Card collection is similar to a collection of “baseball cards.” Each card is being sold for $99.  Purchases of each NFT also enter buyers into a sweepstakes raffle, giving people a chance to personally meet Donald Trump. Furthermore, those who buy...

The US Securities and Exchange Commission (SEC) has approved WisdomTree’s nine blockchain-enabled funds. According to the official press release, the new digital funds will reflect different exposures, with each of them investing in traditional assets, but will not track crypto assets. However, the firm will leverage Stellar or Ethereum blockchains as a secondary record of share ownership, with official ownership records maintained by the digital funds’ transfer agent. With...

Coinbase – the largest crypto exchange in the United States – has launched an asset recovery tool that will let users recover over 4000 unsupported ERC-20 tokens sent to the exchange by mistake.  In return for a small fee, the company will send non-supported assets back to user addresses.  According to a blog post from Coinbase on Thursday, the tool requires only an Ethereum transaction ID in which the funds were lost alongside the mistaken Coinbase address to which the...