In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill aimed at tackling the Debt Ceiling crisis. This proposed 30% tax on energy costs for cryptocurrency miners drew widespread criticism from stakeholders within the crypto-mining sector and U.S. lawmakers. Thus, the The post Is the US 30% Bitcoin mining tax dead? appeared first on CryptoSlate.

NFT markets have displayed an intriguing set of metrics in 2023 as wash trading and token farming practices emerge amidst declining overall trading volumes. According to a recent DappRadar report, Bored Ape Yacht Club (BAYC) saw a staggering 1,095% growth in 7-day trading volume, reaching $21.9 million. With analysis from CryptoSlate data and Footprint Analytics, The post NFT wash trading report surfaces amid declining trading volume appeared first on CryptoSlate.

On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet 3.0 (web3) and the metaverse, according to reports from Chinese media, ThePaper. However, as Binance CEO Changpeng Zhao (CZ) highlighted on Twitter, the white paper’s publication is just days from the upcoming June 1 application opening The post Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes appeared first on CryptoSlate.

The battle for professional wrestling dominance between All Elite Wrestling (AEW) and World Wrestling Entertainment (WWE) has spilled over into the web3 arena as AEW has decided to enter the NFT space with the launch of their “AEW Sensations” digital tokenized collectibles. This move comes despite the declining engagement and interest in WWE’s Moonsault NFT The post AEW ventures into NFT space despite WWE Moonsault’s declining engagement appeared first on CryptoSlate.

The United Kingdom’s core inflation reached 6.8% in April, its highest level since 1992, as CryptoSlate reported in a recent insight. This surge in inflation has occurred alongside a backdrop of declining interest rates for over 40 years, which has inflated asset bubbles across the board. Core inflation represents the fluctuation in the cost of The post UK core inflation hits 28-Year high, boosting Bitcoin adoption as safe haven appeared first on CryptoSlate.