Germany publishes tax guide for cryptocurrencies
Income tax doesn’t apply when redeeming utility tokens, the crypto assets that give a particular right, such as access to a network or to receive a certain product.
Category: Cryptocurrency News
DapperLabs’ NFT blockchain Flow announces $725 mn Ecosystem Fund to drive Web3 innovation
Flow was originally developed by Dapper Labs, a Fast Company 2022 Most Innovative Company, and the company behind blockchain game hits like CryptoKitties and NBA Top Shot.
New York digital media company becomes the latest to add BTC to balance sheet
Whilst the price of Bitcoin at the time of purchase was not disclosed, Townsquare said it recorded an impairment loss of $400,000 resulting from “changes to the fair value” of its digital asset holdings over the quarter.
Environmental groups urge U.S. government to act against crypto miners
The New York State government is considering the introduction of a bill that could place a two-year ban on all new PoW mining facilities in the state that use carbon-based fuel to power their operation.