Australian mayor suggests crypto as tax payment option.
Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and experts point to volatility as a major concern, ABC News reported.
Tate reportedly said, “Why can’t we pay rates on cryptocurrency if the risk is not high?” The council plans to submit its annual budget in the next few days, and residents can expect at least a 4% rise in rates.
He also clarified that this is not a done deal, but something the council considers saying the industry’s volatile nature is not an issue.
“It sends a signal that we’re innovative and bring in the younger generation … [but] I’m not saying we’re doing it, I’m just saying we’re always looking at the next level.”
Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and experts point to volatility as a major concern, ABC News reported.
Tate reportedly said, “Why can’t we pay rates on cryptocurrency if the risk is not high?” The council plans to submit its annual budget in the next few days, and residents can expect at least a 4% rise in rates.
He also clarified that this is not a done deal, but something the council considers saying the industry’s volatile nature is not an issue.
“It sends a signal that we’re innovative and bring in the younger generation … [but] I’m not saying we’re doing it, I’m just saying we’re always looking at the next level.”
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PayPal Adds Cryptocurrency Withdrawals and Deposits.
PayPal has announced that users can now deposit and withdraw cryptocurrency to and from their personal wallets.
The feature has been long been expected; company executives have discussed its addition for at least a year.
PayPal introduced limited crypto trading in October 2020 and added commercial crypto payments in March 2021.
PayPal has announced that users can now deposit and withdraw cryptocurrency to and from their personal wallets.
The feature has been long been expected; company executives have discussed its addition for at least a year.
PayPal introduced limited crypto trading in October 2020 and added commercial crypto payments in March 2021.
Tether Launches Stablecoin on Tezos to Unlock New DeFi Products.
Stablecoin operator Tether today announced it is expanding the list of blockchain networks supporting its flagship stablecoin USDT to Tezos, a proof-of-stake (Pos) platform for creating smart contracts and decentralized applications (dApps).
With the addition of Tezos, the USDT ecosystem is now available on 12 various networks, including Ethereum (ETH), Tron (TRX), Solana (SOL), Algorand (ALG), and the recently added Polygon (MATIC).
Stablecoin operator Tether today announced it is expanding the list of blockchain networks supporting its flagship stablecoin USDT to Tezos, a proof-of-stake (Pos) platform for creating smart contracts and decentralized applications (dApps).
With the addition of Tezos, the USDT ecosystem is now available on 12 various networks, including Ethereum (ETH), Tron (TRX), Solana (SOL), Algorand (ALG), and the recently added Polygon (MATIC).
Payments giant Mastercard has opened up its network for more non-fungible tokens.
The financial services company inked deals with several prominent NFT marketplaces, such as The Sandbox, to make it possible to buy digital collectibles with its cards.
This is not the company’s first foray into the NFT scene. In January, Mastercard scored a partnership with Coinbase to enable purchases on the leading cryptocurrency exchange’s NFT marketplace.
Press release published on June 9.
The financial services company inked deals with several prominent NFT marketplaces, such as The Sandbox, to make it possible to buy digital collectibles with its cards.
This is not the company’s first foray into the NFT scene. In January, Mastercard scored a partnership with Coinbase to enable purchases on the leading cryptocurrency exchange’s NFT marketplace.
Press release published on June 9.
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Cryptocurrency market crashes, Bitcoin to Ethereum – top coins bleed.
Cryptocurrencies traded in the red early today on June 12. The global crypto market cap is $1.13 trillion, a 5.09 percent decrease over the last day. The total crypto market volume over the last 24 hours is $71.55 billion, which makes a 6.14 percent increase. The total volume in DeFi is $6.08 billion, 8.50 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $60.71 billion, which is 84.84 percent of the total crypto market 24-hour volume.
▫️Bitcoin down 4%
▫️Ethereum slumps 11%
Cryptocurrencies traded in the red early today on June 12. The global crypto market cap is $1.13 trillion, a 5.09 percent decrease over the last day. The total crypto market volume over the last 24 hours is $71.55 billion, which makes a 6.14 percent increase. The total volume in DeFi is $6.08 billion, 8.50 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $60.71 billion, which is 84.84 percent of the total crypto market 24-hour volume.
▫️Bitcoin down 4%
▫️Ethereum slumps 11%
Web5 announced by Jack Dorsey’s Block to replace web3 as future of internet.
Jack Dorsey announced at Consensus 2022 that TBD, the Bitcoin arm of Block, is working on a new vision for the internet – something it is calling web5. The potentially revolutionary technology will be designed to allow users to take control of their own data rather than giving it away to third parties.
"Web5" will consist of software components and services such as decentralized identifiers (DIDs), a decentralized Web site (DWN), a self-service identity service (SSIS), and a self-service identity software development kit (ssi-sdk).
These components allow developers to focus on creating user interfaces while enabling decentralized identification and data storage in applications.
Web 2 + Web 3 = Web 5
Jack Dorsey announced at Consensus 2022 that TBD, the Bitcoin arm of Block, is working on a new vision for the internet – something it is calling web5. The potentially revolutionary technology will be designed to allow users to take control of their own data rather than giving it away to third parties.
"Web5" will consist of software components and services such as decentralized identifiers (DIDs), a decentralized Web site (DWN), a self-service identity service (SSIS), and a self-service identity software development kit (ssi-sdk).
These components allow developers to focus on creating user interfaces while enabling decentralized identification and data storage in applications.
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