mmo
South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities
South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.
US Congress Plans New Provisions for Cryptocurrency Derivatives Markets
The US Congress aims to pass a new bill deciding on data collection for digital commodities contracts and swaps.
UK Seeks to Recognize Bitcoin and Crypto as Regulated Financial Instruments
The UK Parliament recently voted to regulate Bitcoin and crypto assets as financial products
CFTC Chairman Heath Tarbert Announces He Will Step Down Early Next Year
Heath Tarbert, the chairman of the U.S CFTC, has announced that he will leave the agency, thus setting the stage for Biden to choose another chairperson.
Gala Games Hosts Live Town Hall and Launches New NFT Releases
Gala Games conducts a live Town Hall for Common Ground World, featuring new NFT releases and community interaction.
Common Ground World Introduces Weekly Culinary Competition
Common Ground World launches a new weekly culinary competition. Craft and sell Marine Ravioli for a chance to earn rewards, including the Hasty Italian Restaurant Blueprint.
Gala: Kimchi Craze Hits Common Ground World with New Exciting Updates
Common Ground World introduces Kimchi Craze, new crafts, and upcoming events for July 2024. Learn about new rewards and game tips.
Gala Games to Host Live Town Hall on Mirandus Development
Gala Games invites fans to a live Town Hall on June 26 to discuss the latest updates on their fantasy MMO, Mirandus.
Mirandus Development Roadmap: Key Milestones for Q3 and Q4 2024
Gala Games outlines crucial steps in the development of Mirandus for Q3 and Q4 2024, emphasizing incremental victories and the game's future.
Gala Games Announces 'Stars & Sweets' Weekly Competition in Common Ground World
Gala Games launches the 'Stars & Sweets' competition in Common Ground World, inviting players to craft and sell Starlight Market Boxes for rewards from July 2-5.
Gala Games Unveils Stars and Stripes Monument NFT for Independence Day in Common Ground World
Gala Games introduces the Stars and Stripes Monument NFT in Common Ground World to celebrate Independence Day, offering gameplay benefits and limited availability.
Common Ground World Hosts Town Hall on July 5th with Exciting Updates
Gala Games' Common Ground World Town Hall to feature event recaps, sneak peeks, and gameplay tips at 8 AM PT on July 5th.
Common Ground World Introduces Chocolate Ice Cream Competition
Common Ground World announces a new competition centered around crafting and selling Chocolate Ice Cream from July 9th to July 12th.
Gala Games Announces Harvest Pie Hoedown Event for Common Ground World
Gala Games introduces the Harvest Pie Hoedown event in Common Ground World, featuring new crops, crafts, and rewards for players.
Gala Games Announces New $GALA Competition Starting July 30th
Gala Games has announced a new competition for Common Ground World, offering $GALA rewards. The event begins on July 30th, 2024, and runs for three days.
Gala Games Announces Sushi Boat Bash Competition for $GALA Rewards
Gala Games launches the Sushi Boat Bash competition in Common Ground World, offering players a chance to win $GALA. The event starts on August 13th.
Common Ground World Launches Weekly Competition with $GALA Prizes
Gala Games announces a new weekly competition in Common Ground World, offering $GALA prizes for top leaderboard finishers. Starts August 6th.
Gala Games Announces Weekly Competition in Common Ground World with $GALA Prizes
Gala Games has launched a new weekly competition in Common Ground World, offering $GALA prizes for top performers. Join the game and compete now!
Gala Games Announces Starlight Picnic Competition with $GALA Prizes
Gala Games kicks off Starlight Picnic competition in Common Ground World, offering $GALA rewards and exclusive NFTs.
RavenQuest: Revolutionizing the Web3 MMORPG Landscape
RavenQuest transforms the MMORPG experience with dynamic gameplay, player-driven economy, and blockchain integration, redefining the genre.
Former UK Minister, Philip Hammond Joins Crypto Firm Copper as Senior Adviser
Former Chancellor of the Exchequer, Lord Philip Hammond has joined the London-based digital asset custodial service provider, Copper, as its Senior Advisor.
Commodities Slump on China's Economic Headwinds
Commodity prices dropped 9% amid China's economic woes affecting demand, including COVID-19 and property sector issues. Crude oil prices fell sharply. Despite a positive long-term outlook, short-term risks remain.
Gensler Alleged Crypto Hypocrisy
Gary Gensler, head of the US securities regulator, is facing accusations of hypocrisy from the crypto community after a 2018 video surfaced of him stating that cryptocurrencies are commodities or cash and not securities. Several crypto leaders have expressed their shock and disgust at Gensler's apparent change of stance on the matter.
EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions
The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.
DOJ Targets SBF's Jets for Forfeiture
Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.
CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives
CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws
BRICS Alliance Considers Creating New Currency
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly exploring the possibility of creating its own currency, according to a top Russian official. Alexander Babakov, State Duma Deputy Chairman, stated that the currency could be based on new monetary ties and could be secured by gold and other commodities. The move is seen as a way to distance the BRICS nations from US dollar hegemony and to promote their shared objectives.
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
NFA issues new rule for digital asset commodities
The National Futures Association has issued a new compliance rule to address fraud and misconduct by its over 100 members involved in digital asset commodities. The new rule will take effect on May 31 and applies only to Bitcoin and Ether.
US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.
Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown
The CFTC and FTC have levelled fraud charges against former Voyager Digital CEO Stephen Ehrlich, spotlighting the case as a notable instance of regulatory enforcement within the digital asset sector. The charges underscore the market's inherent risks and the imperative for robust regulatory compliance to ensure investor protection.
Crypto Investment Platform Bitpanda Launches Commodities Trading
Bitpanda has launched the ability for investors to trade commodities as the crypto trading platform continues to expand its product offerings beyond cryptocurrency, stocks, and precious metals, among others.
Australias Commonwealth Bank Halts Crypto Rollout
CBA conducted an initial pilot but paused the project with no time set when the second pilot would take place.
Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading
Peter Kambolin, former CEO of Systematic Alpha Management LLC, was sentenced for a fraudulent "cherry-picking" scheme in cryptocurrency futures, underscoring the need for stringent regulatory oversight in crypto trading.
CFTC Charges Fundsz and Individuals for Fraudulent Cryptocurrency and Precious Metals Solicitation
CFTC files complaint against Fundsz and individuals for fraudulent crypto and precious metals trading. Assets frozen; hearing set for August 23.
DWF Labs Co-founder Andrei Grachev Announces Financial Partnership with DMCC
Andrei Grachev, co-founder of DWF Labs, announced a financial partnership with DMCC, supporting firms transitioning to Dubai DMCC. This announcement, juxtaposed with Grachev’s recent Twitter feud with GSR.io's Cristian Gil, highlights the competitive and cooperative facets of the crypto market landscape, and the challenges and opportunities DWF Labs encounters in its journey.
Comdex Accomplishes Over $10M Trades via Commit Blockchain
Comdex, a commodity trading platform that is powered by the Commit blockchain, has facilitated trades valued at more than $10M
Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found
US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.
Bitcoin Outperforms than Commodities in 2021 Amid Dormant BTC Circulation Going a Notch Higher
Bitcoin is the best-performing asset compared to commodities this year BTC with a return of 96%.
Kiss' Gene Simmons and Winklevoss Discuss Bitcoin and Crypto for the Unbanked
Gene Simmons backs cryptocurrency assets and leverages Bitcoin to diversify his investment portfolio.
Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead
JPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.
Smart Contracts Enables Commodity Trading Transformation, GSCG Report Shows
Given that commodity trading is highly fragmented, blockchain-driven smart contracts can transform this sector by redefining market transactions and transparency, according to a Global Smart Commodity Group (GSCG) report.
Censorship, Cancel Culture, and Common Sense
Much as been made of so-called “cancel culture” and the power of the tech platforms globally. Here’s what I think.
Australian Top Bank Commonwealth Bank to Offer Cryptocurrency Trading for Retail Customers
The largest bank in Australia – Commonwealth Bank of Australia (CBA) – is set to develop a platform that allows its customers to trade cryptocurrencies.
The Rise of Massively Multiplayer Online Games Being Built on Blockchain
Massively Multiplayer Online (MMO) games have existed for a long time, but these games currently suffer from the same inherent flaws as many other online assets: centralization. Blockchain technology is slowly emerging as a disruptive force in the market, resolving troublesome issues like in-game cheating, and restoring freedom for players around the globe.