The UK government has revised its approach to taxation on crypto, introducing a more structured process for reporting and paying any unpaid taxes in this domain. As per HM Revenue & Customs’ latest publication, dated Nov. 29, individuals and entities dealing with “cryptoassets” must adhere to specific guidelines to ensure compliance with tax obligations, reporting The post UK investors may be liable for up to 20 years of ‘unpaid tax on cryptoassets’ appeared first on CryptoSlate.
Cristiano Ronaldo, the renowned football icon, has become the subject of a class-action lawsuit filed by the same two plaintiffs who previously sued Changpeng Zhao (CZ), the former CEO of Binance, for $1 billion. The Ronaldo suit, which also seeks a staggering $1 billion in damages, may raise questions, particularly given the striking similarities to The post Lawyers file $1B class action against Ronaldo 3 months after similarly templated $1B CZ suit appeared first on CryptoSlate.
The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage’ to ‘Full Trading’ as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform’s focus on decentralized decision-making and community-driven development. Major markets such as BTC-USD, ETH-USD, SOL-USD, and LINK-USD The post dYdX Chain completes mainnet migration, rolls out $20 million in DYDX token rewards appeared first on CryptoSlate.
At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon asserted that private cryptocurrencies, including Bitcoin, have “miserably failed the test of money,” primarily due to their volatility and use as vehicles for The post MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’ appeared first on CryptoSlate.
In a recent blog post, Ethereum co-founder Vitalik Buterin presents his views on an ongoing debate around “techno-optimism.” The post was notably sparked by Marc Andreessen’s “Techno-Optimist Manifesto,” which advocates for an enthusiastic embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andreessen’s manifesto firmly opposes what he terms The post Buterin sees benefit of ‘uploading’ minds and need for open-source innovation in AI appeared first on CryptoSlate.