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by
Aisshwarya Tiwari
on
January 18, 2021 Blockchain
The world’s largest producer of palladium is the latest to join the Responsible Sourcing Blockchain Network (RSBN).
Norilsk Nickel Joins RSBN
According to a report by
Ledger Insights on January 16, Russian nickel and palladium mining and smelting company Nornickel has now officially joined the RSBN with aim to tap the solution for nickel and cobalt.
For the uninitiated, RSBN allows its member entities to share data with other selected members and gives them a permanent, non-disputable supply chain record of mineral production to trace and verify responsible sourcing practices in mining.
On Jan 16, 2020, the parent company of K-pop sensation girl band Mamamoo revealed that it would release non-fungible tokens (NFT) on Hong Kong-based exchange Xeno. K-pop Merch Going Digital The move by RBW (Rainbowbridge World), a South Korean entertainment company that represents top K-pop bands, will enable music fans…
Cryptocurrency exchange and custodian Gemini has plans to sub-custody a Bitcoin ETF in Canada, which was filed on Jan 11. The filing was done by Arxnovum, a Canadian investment firm, and if approved, will be listed on the Toronto Stock Exchange under the ticker “BIT.U.” Bitcoin ETF Still Needs to…
Vonovia, a top real estate company in Europe that’s part of the DAX 30, is issuing a €20 million digital bond on the Stellar Blockchain in partnership with Firstwire and Bitbond, a press release on Jan 13 reveals. It comes less than three weeks after the German cabinet made into…
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by
Evan Ezquer
on
January 13, 2021 Regulation
On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks.
Kentucky Crypto Mining Bill
The proposal was submitted to the General Assembly, which would see Bitcoin and other cryptocurrency miners enjoy some tax exemptions. The legislators of the bill are Republican lawmakers, Steven Rudy and Chris Freeland, who referred to the bill as:
“AN Act relating to the taxation of the commercial mining of cryptocurrency.”
The thirteen-page document would see miners enjoy 6% sales taxes and 6% excise tax exemptions on tangible personal mining property being directly used, as well as electricity being consumed, for the purpose of mining cryptocurrency commercially. Additional leverage would also be added for these miners especially when it comes to power and energy use.