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G20 central bankers warn stablecoins aren’t ‘stable’, recommend action around crypto assets

G20 central bankers warn stablecoins aren’t ‘stable’, recommend action around crypto assets

A set of high-level recommendations around crypto assets, and warnings about stablecoins and other digital currencies, will carry weight with policymakers and financial institutions across the globe.

The post G20 central bankers warn stablecoins aren’t ‘stable’, recommend action around crypto assets appeared first on The Block.

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Bitcoin mining stock report: Monday, October 10

Here’s how crypto mining companies performed on Monday, Oct. 10.

The post Bitcoin mining stock report: Monday, October 10 appeared first on The Block.

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Federal Reserve vice chair forecasts restrictive monetary policy ‘for some time’

Tight monetary policy will be necessary to offset inflation, according to Federal Reserve Vice Chair Lael Brainard.

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Portugal’s new budget draft includes crypto income tax

Portugal’s 2023 budget proposal includes a 28% income tax on cryptocurrencies held for less than a year.

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OECD releases final plan to crack down on international tax evasion using crypto

The Organisation for Economic Co-operation and Development has published its finalized framework for crypto tax reporting.

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DeGods removes NFT royalties, predicts all marketplaces will move to 0% model

Popular Solana NFT project DeGods has switched to a 0% royalty model, meaning it will no longer earn royalties on the sales of its NFTs.

The post DeGods removes NFT royalties, predicts all marketplaces will move to 0% model appeared first on The Block.

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Polygon launches testnet for Layer 2 network Hermez

Polygon is launching a public testnet for Ethereum scaling solution Hermez, as the race for a dominant Ethereum Layer 2 solution gets underway.

The post Polygon launches testnet for Layer 2 network Hermez appeared first on The Block.

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A Look at Art Gobblers

Quick Take

  • Art Gobblers is the product of a collaboration between investment firm, Paradigm, and Rick and Morty’s co-creator, Justin Roiland.
  • The experiment aims to cultivate a self-sustaining ecosystem that focuses on the proliferation of art through an on-chain game.
  • A synergistic relationship between Gobbler NFTs and the GOO token is facilitated through innovative mechanisms that could be repurposed by other projects.

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EU’s landmark digital asset legislation passes committee vote in European Parliament

The Markets in Crypto-Assets regulation gets a final green light from the European Parliament on Monday after two years in the making. 

The post EU’s landmark digital asset legislation passes committee vote in European Parliament appeared first on The Block.

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Bitcoin miner TeraWulf raises $17 million as it ramps up infrastructure build-out

Bitcoin miner TeraWulf raised $17 million in a mix of equity and debt.

The post Bitcoin miner TeraWulf raises $17 million as it ramps up infrastructure build-out appeared first on The Block.

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