Bitcoin prices were trading below $49,000 today in cryptocurrency. On Monday, the world's largest coin broke above $50,000 for the first time since mid-May, as crypto prices began their recovery from a wild three-month run. Bitcoin is up 65 percent this year, but it's still a long way from its April high of just under $65,000.
Bitcoin's price has dropped nearly 2% to $48,230. Ether, the second-largest cryptocurrency and the unit linked to the Ethereum blockchain, fell almost 2.5 percent to $3,211. Dogecoin, on the other hand, was trading at $0.29 with a 6% drop. Other digital coins such as Stellar, Uniswap, XRP, Litecoin, and Cardano have all dropped 3-7 percent in the last 24 hours.
Following instances of consumers' accounts being stolen and monies being syphoned, Coinbase has been chastised for poor customer service.
Thousands of consumers around the country have filed complaints about the corporation, according to a Tuesday probe.
Tax on income from game
The local Department of Finance has made it obvious that it wants a piece of earnings generated by playing Axie and other play-to-earn games, despite the game's huge success in the Philippines.
According to an Inquirer report from August 23, Philippine Finance Undersecretary Antonette Tionko clarified that any gains earned through play-to-earn games are taxable.
According to David Marcus, Facebook's head of financial services, the firm is "certainly thinking about" leveraging its Novi digital wallet to support non-fungible tokens (NFTs).
In an interview with Bloomberg on Tuesday, Marcus stated that Facebook is in an excellent position to explore supporting NFTs through its new digital wallet, while it is too early to discuss particular plans.
Valkyrie Investments has emerged as the (procedural) front-runner in the contest to launch a bitcoin (BTC, -3.81 percent) futures exchange-traded fund (ETF) for US investors.
The existence of the previously unreported ETF proposal, Valkyrie's second that aims to bundle bitcoin futures into an ETF, was revealed on Tuesday by a surprise regulatory filing by Nasdaq to "list and trade shares" of the Valkyrie XBTO Bitcoin Futures Fund.
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