Daily Web3 Headlines You Need To Know
01 September #Developers #Game-Fi #DeFi & Trading #Policy & Law
🔗 Developers
Wireless Network Helium Contemplating Shift To Solana
无线网络Helium考虑转移到Solana上
In a fresh proposal released on August 30, the blockchain-powered wireless network Helium (HNT) is thinking about switching to the Solana (SOL) blockchain. According to the HIP 70 plan, switching to Solana would boost network operational effectiveness by granting Helium access to Solana’s development tools, programs, and capabilities…(Read More)
👾 Game-Fi
Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled
分析师表示大多数Web3游戏中40%的用户是机器人——如何避免被愚弄？
There’s always been a healthy amount of distrust in the actual number of active users on DApps, but so far, no hard evidence of cheating has been presented. So what tools can retail users employ to detect inflated activity? Well, it turns out there are at least three: active users, community engagement and liquidity…(Read More)
📈 DeFi & Trading
Uniswap Is Down 14% in Seven Days
Uniswap在七天内下跌了14%
Uniswap is down 14%, currently trading at $6.37; the UNI/USD opened the day at $6.18, reaching a high of 6.40 and a low of $6.17. Today it has risen by 0.32%. Uniswap (UNI) price has risen by about 10% in the last two days…(Read More)
Aada Finance Announces The Launch Date Of Its Lending And Borrowing App On Cardano
Aada Finance宣布了其在Cardano的贷款和借款应用程序的推出日期
Aada Finance, a decentralized lending and borrowing protocol, announced the launch of the long-awaited Aada Finance V1 on the Cardano mainnet. According to the team, the release is scheduled for September 13, 2022, after months of public testnet. Upon launch, Aada V1 will become the first lending and borrowing protocol to launch on the Cardano mainnet…(Read More)
⚖️ Policy & Law
Bitcoin Bull Michael Saylor Sued For Alleged Tax Fraud
比特币巨头Michael Saylor因涉嫌税务欺诈而被起诉
Bitcoin investor and founder of software company MicroStrategy Michael Saylor are being sued for alleged tax fraud, according to a complaint filed by the United States D.C. Attorney General Karl Racine. The billionaire has been living in this state for around ten years, the government official said but has allegedly failed to meet tax obligations…(Read More)
Bitcoin Bill Rejected By Paraguay’s President
比特币法案被巴拉圭总统否决
The measure recognizes crypto mining as a fundamental aspect of the Paraguayan economy. If the law was not vetoed, government backing for the business could be made; support that would have ultimately provided bitcoin miners and anyone who use and trade the digital currency with security. This legislation could have also eased the unemployment rate in Paraguay. The nation is undergoing a population explosion…(Read More)
🔍 Learn
#Japan #Crypto
Japan’s financial regulator proposed tax breaks for crypto assets in support of Prime Minister Fumio Kishida’s efforts to reinvigorate the economy. Under the proposal, companies should be exempted from paying taxes for paper gains on crypto coins that they hold after issuing them, the regulator proposed in its annual tax-code change request announced Wednesday.
The Financial Services Agency also called for boosting a program that gives tax breaks to individual and retail investors, called “Nippon Individual Savings Account”. FSA proposed the expansion of this initiative by raising its investment limits and extending its duration to grant investors a capital gain of tax over a specific period of time.
Japan Keeps An Eye On Government Taxation Income
By imposing different restrictions, the Japanese are only allowed to invest in certain digital assets. This has pushed many crypto companies in the country to ask for fewer taxes and more flexibility allowing companies to launch their projects in Japan. Hence, according to Bloomberg, crypto lobbying groups in Japan have been calling for changes in order to keep the companies in Japan, instead of moving to other ‘friendlier’ countries such as Singapore.
Right now, Japan implements a 30% tax for profits and unrealized profits for crypto investors. This could be operating as deter pushing people away from putting money into the nascent and legacy financial sector.
In addition to the possible change in its tax rules, the country has been encouraging people to spend more money and its younger population to “drink more alcohol”, as the country has faced a drastic decline in tax revenue from the domestic alcohol market. In 2020 alone, Japan lost over $100 billion from its alcohol sales.
🔥 Events
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