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Axie Infinity has been on an absolute tear lately. The play-to-earn platform has become the face of a new integration of crypto and gaming that holds unbelievable potential. Axie Infinity has surpassed 1M daily active users, and is generating more revenue than any protocol or platform with the lone exception of
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The Philippines financial regulator has not taken kindly to people making money off of blockbuster blockchain-based game Axie Infinity. Income Made via Axie Infinity is Taxable The Department of Finance (DOF) of the Philippines has warned the players of the popular blockchain-based game Axie Infinity that they must pay taxes on the
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Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games.An August 23 report from Inquirer cites Philippine Finance Undersecretary Antonette Tionko as clarifying that any
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Tuesday started with a bang after Poly Network was hacked for $610 million in funds in what appears to be the worst hack in the history of decentralized finance and the price of Bitcoin (BTC) dropped by by 2% to trade near $45,000. Despite the severity of the hack, most altcoins
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The cryptocurrency ecosystem has so evolved that digitgal games are now being built for users to gain a better appreciation blockchain technology. Amongst the most notable of these games today is Axie Infinity, new type of Play-to-Earn game, partially owned and operated by its players. Axie Infinity has not only
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As part of the deal, crypto exchange FTX gets lifetime naming rights to their Sponsor-a-Scholar accounts on Axie Infinity.After raising a massive $900 million in the latest funding round last month, crypto exchange FTX is making bold moves. Recently, it has signed a sponsorship deal with decentralized gaming startup Yield
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