Technology
Taxes
Taxpayers get a surprise as the IRS pushes for reporting on crypto assets
Although filing returns went smoothly this season, the IRS caught many new crypto owners by surprise after mandating them to include digital asset purchases and sales in their filings.
NFTs
American Idol to roll out real-time predictive NFTs in partnership with Theta Labs
The American Idol NFT pack will go for $99, and collectors will get an NFT representing one of the top-14 contestants.
Regulation
President Biden to nominate former Ripple adviser as Fed Vice-Chair for Supervision
The Vice-Chair for Supervision of the Federal Reserve position has been empty since Governor Randal Quarles’ term ended in October last year.
Adoption
India’s crypto trading volume plunges as new tax rules take effect
Crypto trading volumes soared on March 31 as crypto holders scrambled to close any open positions before the new tax regime took effect on April 1.
Stablecoins
Circle to raise $400M in BlackRock-led funding round
BlackRock has also entered a strategic partnership with Circle to become USDC’s primary asset manager.
Regulation
Janet Yellen calls crypto transformative, shares five crypto lessons
U.S. Treasury Secretary Janet Yellen believes the government should actively participate in the crypto ecosystem to ensure responsible innovation.
Adoption
Rappi to accept crypto payments in Mexico via BitPay, Bitso partnership
Rappi’s President Sebastian Mejia says launching the crypto payment option in Mexico will help the company learn and continue integrating crypto into its operations.
Metaverse
Animoca Brands acquires French video game studio Eden Games
Animoca Brands seeks to leverage Eden Games' capabilities and expertise to introduce a series of new blockchain-based racing games.
NFTs
Coinbase announces animated film series inspired by Bored Ape NFTs
Coinbase is trying out its new media arm with the production of "The Degen Trilogy" film series.
Metaverse
UPS to enter the metaverse with virtual retail shipping services
UPS filed five patent applications covering various metaverse and NFT-related products and services.
Exchanges
Binance gets in principle approval to operate in Abu Dhabi
Abu Dhabi has become the third Middle Eastern jurisdiction to grant Binance regulatory approval after Dubai and Bahrain.
NFTs
SEGA backtracks on NFTs, calls them part of gaming’s ‘future’
SEGA’s Masayoshi Kikuchi claims gaming will evolve to include new areas like cloud gaming and NFTs.