Cryptocurrency Analysis and News Portal
Australia’s tax regulator has been unable to clarify confusing aspects of its new guidance that suggests capital gains tax (CGT) is payable on a slate of everyday decentralized finance transactions.The ATO failed to answer direct questions from Cryptox on whether staking Ether on Lido or transferring funds via bridges to
Read More
The Ethereum Foundation's Dankrad Feist says he thinks a lot of people are stumped by the term "data availability," even as the concept gains momentum in blockchain tech circles. Original Source
Read More
Brad Garlinghouse said that many other jurisdictions have done a better job than the US in providing clarity to crypto players. During his recent interview with CNBC, Ripple CEO Brad Garlinghouse stated that more and more crypto firms are likely to leave the US amid “confusing” regulations. As a result,
Read More
Bitcoin (BTC) rose above $40,000 on July 29, a day after the Federal Reserve hinted that it was getting nearer to unwinding its asset purchasing program that has boosted the economic recovery of the United States.The benchmark cryptocurrency previously approached $41,000 ahead of the critical Fed update. Nonetheless, it started
Read More
PlayStation CEO confirms PS5 won’t support backward compatibility for PS1, PS2, and PS3 games.Backward compatibility will be limited to 99% of PS4 titles.The CEO notes implementation hurdles, catering to PS4 players, and maximizing the PS5’s next-gen features as the reasons behind the decision.Here’s another one to add the ‘you coulda
Read More
[sociallocker id="55298"] Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking
Read More
Sony will require all PS4 games submitted for certification after July 13 to be PS5 compatible. The mandate raises questions about the backward compatibility capabilities of the next-gen console. Sony desperately needs to clarify its PS5 backward compatibility messaging or risk confusing would-be owners further. Sony is reportedly mandating
Read More
PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees.The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digital wallets and prepaid products like
Read More