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Currency Pairs
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BTC / USDT
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ETH / USDT
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114
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15.66M

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133.7
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5.61M

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5.50M

ZEC / USDT
43.2
43.2
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3.56M

YFI / USDT
6163
6163
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2.27M

DAI / USDT
1.0189
1.0189
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760.50K

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0.070579
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56.36K
3.97K

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ANT Coin Cryptocurrencies NewsMore
2022-07-15
Kazakhstan to raise bitcoin mining tax from 2023

Kazakh President Kassym-Jomart Tokayev has approved a new tax rate for
cryptocurrency miners — and has instructed the tax agency to charge miners at a
rate of up to $0.052 per kilowatt hour (kWh/kilowatt hour) from January 1, 2023.

Currently, miners must pay a flat rate of just over $0.002 per kilowatt-hour
(kWh) consumed. But after a winter of electricity shortages caused by
cryptocurrency mining, the Kazakh government has decided to force Bitcoin (BTC)
and cryptocurrency miners to pay more.

The government began to lament that miners paid a "paltry" tax on their earnings
in February, and last month tried to amend the tax code.

The country’s finance ministry argues that miners paid more than $15 million in
taxes in the first quarter of the current fiscal year.

The new tax measure, which Tokayev signed into law on Monday, will be scaled. As
a result, consumers paying higher electricity prices will not have to pay a flat
rate per unit of energy consumed, but will pay a tax of up to $0.052 per kWh,
and consumers paying less will pay only $0.002 per kWh Dollar.

Since energy prices tend to change over the course of the year, this means that
as electricity prices across the country rise, so does the tax bill for miners.

Most miners operate in the country's capital, Nur-Sultan (formerly Astana).

But there's good news for miners off the grid: Miners using their own power will
be taxed at a rate of around $0.02 per kilowatt-hour.

Meanwhile, those who can use renewable energy in their mining work will be
obliged to pay a tax rate of $0.002 per kilowatt-hour.

The government has said it is ready to crack down on illegal and unregistered
miners. Earlier this year, it introduced a legal requirement forcing all miners
to register with a central authority and provide detailed reports on their
operations.


View Details>
Will expiring copyrights be the next goldmine for NFTs?
2022-07-04

When it comes to NFTs, most people think of digital art, but in the future,
expiring copyrights can be saved, updated and reused through non-fungible token
technology.

While non-fungible tokens (NFTs) are most often found in the form of digital
art, they also exist in many other forms that represent more than just art.

In the creative industries, NFTs have been used by some musicians to release
their latest albums, such as the band Kings of Leon. In the sports industry,
NFTs are created to record the highlights of major sports events such as the
NBA. In the consumer goods industry, Nike, Gucci, and many others are selling
their digital branded products as NFTs. More real-world applications of NFTs
remain to be explored, one of which is the digital publishing industry.

The game-changing implications of using NFTs to publish and promote books have
been widely discussed by many. For example, the Alliance of Independent Authors
is helping independent authors use NFTs to promote their latest books. Other
related items for the fan club, such as character cards, are also made into
NFTs. Tezos Farmation, a project built on the Tezos network, even used the full
text of George Orwell’s Animal Farm book, splitting it into 10,000 copies for
the title of the NFT.

NFTs created from existing books are often subject to copyright. However, in the
case of Tezos Farmation, the copyright had expired. The text in the book is free
for use by any party. This raises a very interesting question: how do NFTs
protect the copyright and royalties of books with expired copyrights?

So far, NFT applications in the publishing industry have focused on books that
still have royalties and are within the validity period of their copyrights.
However, there are also writers whose work lives on long after their death and
copyright expiration; can NFTs provide their legacy with a means of extending
the life of their books and royalties?

The journey from copyright to the public domain
Copyright laws are complex and vary widely around the world. While few countries
do not provide copyright protection under international conventions, most
jurisdictions work on the premise that copyright is protected during the
author's lifetime and for at least 25 years after his death.

In the EU, copyright is protected for 70 years after the author's death. The
same is true in the US, the only difference is that books published between 1927
and 1978 will be protected for 95 years after first publication. No matter how
long the copyright is protected, given enough time, anything will eventually go
into the public domain for free.

When a famous literary work enters the public domain, its future value is
essentially zero. However, there is still often an unrelated community that
essentially values the work.

Copyrighted heritage is about to enter the public domain, with a unique
opportunity to leverage the intangible goodwill embedded in disconnected
communities to create tangible assets in the form of NFTs.

A good example is Winnie the Pooh, a fictional anthropomorphic teddy bear
created by British author A.A. Milne and British illustrator E. H. Shepard,
beloved by fans all over the world. The first collection of stories about the
character was written in 1926. After 96 years, the copyright expires and the
book enters the public domain on January 1, 2022. While the commercial value of
the world-famous cartoon character Winnie the Pooh will remain high for a long
time to come, the legacy of holding the copyright will not gain any future value
from Winnie the Pooh.

Extend the value of an expiring copyright
Currently, there is no incentive for publishers to work with copyright holders
who are about to enter the public domain, because the works will soon be free.
Certificates of authenticity represented by tradable NFTs may provide incentives
for such cooperation.

After the copyright expires and the work enters the public domain, NFTs will
bring royalties further into the digital world. Royalties can be generated
through NFT marketplace sales on the blockchain, or through the creation of more
sophisticated smart contracts for specific use cases of first editions, limited
editions, or signed vintage editions.

Well-loved characters and the worlds they inhabit can be a solid foundation for
NFTs that expand not only copyright, but creativity in mediums like literature,
gaming, metaverse, philanthropy, education, and more.


View Details>
NFT NYC: Bored Ape NFT Holder Explains Why Crypto Crash Didn't Prevent Him From
Entering the Web3 Space
2022-06-21

This investor bought a Bored Ape NFT for $1,700 in 2021 and plans to HODL. He
explained why the crypto crash didn't stop him from quitting his job and
entering the Web3 space.

Keith Martin bought a Bored Ape NFT for around $1,700 in May 2021, just as the
digital asset was starting to boom.
It's now worth almost 100 times what it was then, he told Insider at the NFT.NYC
conference that he won't be selling anytime soon.
For Martin, the cryptocurrency bear market is not a concern, and he even quit
his job to enter the Web3 space.
Last May, Keith Martin bought his first Bored Ape Yacht Club non-fungible token
for less than $500, and he seems certain to turn it around for a profit given
that the market is just starting to boom.

But that wasn't the case, and Martin lost money on his first trade.

He learned his lesson and quickly bought another for about $1,700 (0.64 ETH),
this time deciding to keep holding it because he was confident in the prospects
of the digital asset market.

Martin, 31, told Insider at the NFT.NYC conference on Monday: "I immediately
bought another Ape at a higher price after I initially sold it because I really
didn't want to miss what could happen next. matter.".

At the time, one Ethereum was worth about $2,700. Today, it’s worth around
$1,111, the victim of this year’s vicious crypto crash. Meanwhile, Martin’s
prized Bored Apes NFT is worth around $111,000 at the current market price.
Insider looked at Martin's NFT transaction receipt.

Martin said: “There weren’t too many projects back then, and now there are 10
new projects every day. A year ago, it seemed like there was a new project every
few days. On Telegram and Twitter, a lot of people said at the time, Bored Ape
is going to be the next CryptoPunks, so I bought one."

Martin, who goes by the Twitter name IllusiveApe, co-founded a marketing company
in 2017. But when he started dabbling in NFTs about a year ago, his passion
turned to digital assets.

In June, he quit his job at the company he helped found and now works for Web3
company Tribe, as his passion for the NFT space has become his main focus.

“I definitely see the crypto space and NFTs as the future, so I think now is the
best time to get involved,” he said.

He added that while he started out as an investor and trader, he is now more of
a collector as he does not plan to sell his favorite NFTs, including the Bored
Ape NFT he originally bought, and his CryptoPunk NFT purchased last May for
about $51,000.

Martin insists that while he does much of the same marketing work for Tribe as
he did for the previous company, the work now is more exciting because he sees
Web3 as the future.

He added that today’s NFTs seem to be only about art and avatars, but they are
underpinned by sophisticated blockchain technology.

“Name your industry and NFTs are going to disrupt it,” Martin said. “Look where
the smartest people have gone, senior developers, anyone in computer science.
The smartest people have entered the field. I feel very optimistic."

Data from NonFungible.com shows that NFTs have grown a lot in 2021, but weekly
sales have fallen by more than 80% from their peak of nearly $1 billion in
January. Meanwhile, the market cap of cryptocurrencies has recently fallen below
$1 trillion after surging above $3 trillion last year.

But even in a bear market, Martin said he plans to keep buying more
cryptocurrencies and collecting more NFTs.


View Details>
PayPal supports digital currency transfers to external wallets
2022-06-08

After launching the ability to buy and sell cryptocurrencies on its platform in
October 2020, PayPal finally allows users to transfer, send and receive digital
assets natively between PayPal and other wallets and exchanges. The feature was
available to select U.S. users as of Tuesday, and will expand to all eligible
U.S. users in the coming weeks. The first supported currencies include Bitcoin
(BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

Additionally, customers who transfer cryptocurrency to PayPal can spend at
millions of merchant terminals through Checkout. The company has obtained a
Bitlicense issued by the New York Department of Financial Services.

Users just need to log into their account and go to the encrypted section of the
app to start transferring money. Before this process, users usually need to
complete an authentication.

Encrypted transfers to recipients other than PayPal incur network fees based on
their respective blockchains, but transfers between PayPal users do not incur
such fees. To protect users' privacy, PayPal generates a new recipient address
for each user's PayPal account transaction. PayPal also doesn't charge fees for
transfers.

PayPal is also working to integrate other forms of cryptocurrency services, such
as central bank digital currencies, to expand its digital footprint. It is also
exploring the possibility of launching its own stablecoin "PayPal Coin."
Earlier, a developer found evidence of the stablecoin in the source code of
PayPal's iPhone app.


View Details>
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