Daily Crypto NewsEDITION #344, 08 November 2021

Taxmen knock on windows, doors and blockchains

🏢 Hey Moni Maker

Today the whole world celebrates Urbanism Day. Cities are a science, but will they survive in the future? After all, in the Metaverse, you can build anything you want without asking permission from local authorities, cops, and the like. Let's make the Metaverse livable!

Well, before you wake up a builder, let's take a look at the Digest. What happened over the weekend? Let's go!

Congress has passed a $1.2 trillion bill to improve America’s infrastructure through a variety of measures, including taxing crypto brokers.

The bill, which passed Congress with a final vote of 228–206, signals a historic moment for crypto in the United States. In drafting the legislation, senators inserted a provision that changes the Internal Revenue Service’s definition of a “broker” to include organizations that trade crypto assets.

This means that, if the bill is signed off by President Biden, centralized crypto exchanges like Coinbase will be considered “brokers” and will have to report their transactions directly to the IRS.

So what?

Well, that's to be expected. Crypto ppl would have existed outside of politics, but now it's impossible because crypto has become so big that the authorities can't ignore it.

KuCoin will station in the Bloktopia’s Skyscraper and will meet everyone at .

For the first virtual office of KuCoin in Metaverse, KuCoin and Bloktopia are putting all the metaverse elements that you can imagine in the KuCoin Meta Office:

– VR experience

– Cyberpunk decoration

– Interactive virtual furnishings

Good move!

The FBI warns that scammers have come up with a new scheme. It's old, but now they use cryptocurrencies and QR codes.

For example, you meet a girl on Facebook, and she used to charge you a drop card. But now she sends you to a cryptocurrency machine and drops you a QR code.

So what?

In general, thanks to decentralization, a 15-year-old schoolboy can sleep peacefully, it will be harder to find him.

Let us just copy the tweet;

"For all you gamers and NFT collectors: In our latest mobile version (3.6.0), we now display EIP 1155 NFTs! This can reduce gas prices and supports more complex contracts, like many games. Enjoy!"

Enjoy?

Elon Musk has set up a vote where subscribers must decide what he will do with 10% of the stock.

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.”

He also added that he receives no salaries or bonuses, and all he has is stock. The only way to pay taxes is to sell some of it.

Congressman Luizão Goulart proposed a bill to legalize cryptocurrency payments as a payment method for public and private sector workers.

Goulart's proposed bill would allow all Brazilian workers to request crypto payments from their employers.

The bill also ensures that crypto payments will only be made after mutual agreement between the employee and the employer.

And we, as a team, still hope to become rich, investing 100 bucks every week. Without you investing goes badly, because we can not figure out what to buy :(

Drop by the chat room and write your smart ideas!

Bubble – is an overvalued asset whose value could burst at any moment

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)