EU Adopts Crypto Tax Reporting Rule DAC8
The Council of the European Union has formally adopted the Directive on Administrative Cooperation (DAC8), a regulation that requires crypto brokers and exchanges to report the tax information of their customers. The rule will enter into force after it’s published in the Official Journal of the EU. DAC8 is the eighth version of the Directive […]
Immutable AWS Links Advance Web3 Gaming
According to the blockchain gaming company, it will receive access to a large pipeline of game studio leads as well as support for successful transaction closures. Immutable, a Web3 gaming platform, has partnered with Amazon Web Services to provide game developers with additional options as the cloud service provider expands its startup accelerator programs. Immutable […]
Bitcoin Lightning Network Climbs 1,200% in 2 years
According to a report from the Bitcoin-only exchange River , increased Lightning utilization will play a significant role in Bitcoin’s evolution into a superior medium of exchange. According to data from the Bitcoin-only exchange River, Bitcoin’s layer 2 Lightning Network has grown by an estimated 1,212% in the past two years, with approximately 6.6 million […]
Wirex Creates Non-custodial Crypto Debit Card Using ZK-Proofs
Wirex introduced its crypto debit card for the first time in 2015 and currently claims over six million customers. Wirex, a provider of crypto payment services, has announced the launch of W-Pay , a zero-knowledge proofs-based non-custodial crypto debit card service. Wirex’s new decentralized solution employs Zero-Knowledge technology based on Polygon’s Chain Development Kit (CDK), […]
Visa Exec Says Crypto Cards Made $3B in Payments Volume
Visa executive Akshay Chopra discloses that the company’s partnerships with cryptocurrency exchanges have facilitated payments worth billions of dollars. According to a Visa executive, integrating traditional payment cards with cryptocurrency exchanges plays a crucial role in promoting the adoption of digital assets. During a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, chief […]