Assets

Politicians are quickly seizing on US government efforts to study and regulate crypto. Reuters reports Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have introduced a bill, the Responsible Financial Innovation Act, that would forge a "complete regulatory framework" for cryptocurrency and other digital assets. The measure is meant to protect consumers and fold crypto into existing laws without restricting technical progress. RIFA would set clearer definitions, such as establishing which assets are…

The Bitgert (BRISE) dominance in the crypto market has been growing fast. Key Points: The Avalanche team announced many developments that are coming up, including the growing ecosystemBitgert is still gaining big from its zero gas fee blockchainBitgert roadmap V2 and the Bitgert backed projects still attract a lot of people Bitgert (BRISE) and Avalanche (AVAX) are top among crypto projects expected to do well this year. Crypto experts say that Bitgert and Avalanche are among the key projects that crypto…

Though their transactions may take place in a fully virtual world, Metaverse users will likely still face real-world tax liabilities. Recently, we are seeing and reading this term – Metaverse, everywhere. This term has gained attention globally. Everyone now wants to know what is it and how it works? And most importantly whether metaverse assets will be taxed similarly to crypto assets? A metaverse is a network of 3D virtual worlds focused on social connection and it can be defined as a simulated digital…

Bitcoin miners are selling off their tokens as the price of Bitcoin is falling and the profit margins are shrinking. Mining Bitcoin (BTC) has become less profitable as the price of the crypto has trended downwards, with popular machines like Bitmain’s Antminer S9 becoming money losers at electricity prices of six cents per kilowatt-hour. Struggling Bitcoin miners who would prefer not to shut down their rigs can look to raise capital in the debt or equity markets and/or sell off bitcoin holdings. Bitcoin…

Vishal Chawla / The Block: BlockSec: a buggy smart contract of Mirror Protocol, a Terra DeFi app for betting on stocks with synthetic assets, was exploited for ~$90M over seven months — Quick Take — The exploit was accidentally discovered by a Terra community member last week. — It has been confirmed by security analysts BlockSec. Vishal Chawla / The Block: BlockSec: a buggy smart contract of Mirror Protocol, a Terra DeFi app for betting on stocks with synthetic assets, was…

The first full trailer for Thor: Love and Thunder has arrived, and somehow found a new angle on the journey of Chris Hemsworth’s titular hero. This time around we’re also getting a solid look at Christian Bale as Gorr the God Butcher, a galactic killer “who seeks the extinction of the gods.” There are also more shots of Valkyrie (Tessa Thompson), playing up some interactions she’ll have with Jane Foster (Natalie Portman), who, as we saw in the teaser trailer, is wielding Mjolnir, and even a quick flash of some…

HONG KONG—China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.The ban, outlined in an internal notice by the party’s powerful Central Organization Department, could play a role in Chinese leader Xi Jinping’s efforts to increase his influence at a twice-a-decade leadership shuffle scheduled for later this year.…

An oil flare burns at Repsol's oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF's analysis.Bloomberg | Bloomberg | Getty ImagesOil and gas giants are increasingly selling off dirty assets to private firms, amplifying concerns that the fossil fuel industry's traditional dealmaking is not compatible with a net-zero world.It comes at a time when oil and gas majors are under immense pressure to set short and medium-term targets in line with the goals of the…

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on May 18, 2022…