Cryptocurrency Analysis and News Portal
Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought and sold in the past month. Each Axie is a nonfungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar in theme to Nintendo's Pokemon series, Axies come in different rarity
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Kazakhstan has limited the amount of money local retail investors can put into crypto, domestic news website Kapital.kz reported on Wednesday.Retail investors can invest 10% of their annual income or 5% of their total assets, excluding their main residence, up to $100,000 per year, as long as they provide evidence
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On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as well as tracing and recovering the ill-gotten cryptocurrency.The move continues the U.S. authorities’
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The play-to-earn gaming economy continues to grow due to massive public demand. CryptoTanks, a new game running on Polygon and Binance Smart Chain, leverages NFT technology to empower the players. Bringing a military and shooter-oriented game to the play-to-earn ecosystem is a further expansion of this growing ecosystem. The CryptoTanks Game Explained Several
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The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins would require direct oversight if they become extremely popular.” Policymakers Alarmed
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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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The play-to-earn model is a new mainstream on the marketplace of blockchain games. Crypto enthusiasts are given ownership over in-game assets. Those who are active enough might make these assets more valuable in terms of the in-game economy. This model is beneficial for both sides of this business – players
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