The world of cryptocurrencies and blockchain is constantly evolving, and it can be difficult to keep up with the latest developments. In this article, we’ll take a look at some of the most important news and updates in the world of crypto and blockchain, including a new UK crypto tax guide, Michael Jordan’s entry into the NFT space, and more.
UK Crypto Tax Guide
The UK government has recently released a new crypto tax guide, providing clarity for individuals and businesses on how to report and pay taxes on their crypto transactions. The guide covers topics such as how to calculate capital gains tax on crypto investments and how to report crypto income from mining or staking.
Michael Jordan & NFTs
Basketball legend Michael Jordan has entered the world of NFTs, auctioning off limited edition digital collectibles featuring his iconic dunking pose. The auction, which was held on the NBA Top Shot platform, saw one collectible sell for over $100,000. This highlights the growing popularity and potential of NFTs as a new asset class.
Decentralized Finance (DeFi)
Decentralized finance, or DeFi, is a rapidly growing area in the world of blockchain and cryptocurrencies. DeFi refers to a new financial system built on blockchain technology, allowing for peer-to-peer transactions and cutting out traditional intermediaries. In recent months, DeFi has seen significant growth, with total value locked in DeFi protocols reaching an all-time high of over $40 billion.
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The world of crypto and blockchain is constantly evolving, and it’s important to stay informed about the latest developments. From a new UK crypto tax guide to Michael Jordan’s entry into the NFT space, there are many exciting and important updates happening in the world of crypto. Stay tuned for more news and updates from the world of cryptocurrencies and blockchain.