Rio de Janeiro to accept Bitcoin for real estate taxes from 2023

The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU). As reported by Cointelegraph Brazil, the new pro-crypto tax laws will be implemented from 2023, which was announced by the Secretary of Economic Development, Innovation and Simplification, Chicão Bulhões. Work from anywhere = Rio! Welcome @binance… Rio on blockchain! @eduardopaes https://t.co/NJEArEvEXV — Chicão (@ChicaoBulhoes) March 26, 2022 Supporting this cause led by the Brazilian Mayor…

Onboarding the next billion users — The road ahead

Recent geopolitical events have polarized the world. Partisanship and the ideological divide have further balkanized the internet, whose gatekeepers have trampled upon the rights of millions to access financial services. Nations are gradually waking up to the reality of having neutral protocols and national stacks.  Hailed as the next generation of the internet, Web3 will be sanction-resistant and free of data silos. Gavin Wood, co-founder of Ethereum and creator of Polkadot and Kusama, coined the term Web3 in 2004. Five years later, the Bitcoin (BTC) white paper was released in…

What is front-running in crypto and NFT trading?

Wash trading is when an investor sells and buys the same asset to inflate the value of security artificially. On the other hand, a front-running attack on a blockchain occurs when a malicious user discovers a swap transaction after it has been broadcasted but before it has been finalized and reorders transactions to their benefit. The NFT market is particularly susceptible to a practice known as wash trading. Several NFT trading platforms allow users to trade without identifying themselves by connecting their wallets to the site. This means that a…

Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming?: Hodler’s Digest, Mar.20-26

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week NFT creator Yuga Labs raises $450M, bringing company valuation to $4B The creators of the wildly popular Bored Ape Yacht Club NFTs, Yuga Labs, raised $450 million in seed funding at a $4 billion valuation. Unsurprisingly, top venture capital firm and cash cow Andreessen Horowitz…

Loopring price surges by 50% after GameStop‘s NFT marketplace integration

Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.  Loopring aims to do exactly this by aiming to offer an Ethereum Virtual Machine- (EVM)-based solution with low fees where decentralized finance (DeFi) and nonfungible token (NFT) developers and investors can transact. The layer-2 (L2) scaling solution utilizes zk-Rollups to provide fast and low-cost transactions. The project has been gaining traction throughout the month of March. Data from Cointelegraph Markets Pro and…

Why Did John McAfee Stop Paying Taxes? ‘I’d Just Had Enough’

When Scottish writer Mark Eglinton interviewed him in a series of conversations in 2019 and 2020, the cybersecurity pioneer turned crypto promoter was in hiding, having fled the U.S on a yacht following the convening of a Grand Jury in Tennessee. McAfee fled to the Bahamas, then Cuba and then finally the Dominican Republic, from where he was extradited to the U.K, the country of his birth. After arriving in London, McAfee went dark. As it turned out later, he had gone into hiding in what has become known as…

Can Crypto Miners Make the World Greener?

Companies, especially those traded on public markets, are under pressure to decarbonize, said John Belizaire, CEO of Soluna. As miners went public, their energy consumption became public information, and “and as you might imagine, no company, especially in the public markets, is immune to ESG pressures. We’re all in the role at this point in the back of a Tesla moving in the right direction,” Belizaire said. Author: Source link

Flux Launches a Startup Infura Competitor Built on a Decentralized Web3 Network, Code Name Nebulous

LONDON, England, March 26, 2022 (GLOBE NEWSWIRE) — Zel Technologies Limited is a dedicated team developing on the decentralized Flux ecosystem that has deployed a competitor to JPMorgan-backed Infura, set for immediate release. The push is to remove critical infrastructure, from centralized parties and assist with Web3 development. Web3 is a term that we see and hear more and more. But even though everyone uses the term, it is clear that it has a different meaning to different people. Web3 on one end of the spectrum represents an idea, a…