COIN BUREAU NEWSFLASH! – (30/08/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (30/08/22)
Here are some of today’s most important headlines:
Argentina’s Mendoza Province Accepts Tax and Fee Payments in Crypto
Citizens of Argentina’s fifth largest territory, the Mendoza province, can now pay their taxes with crypto stablecoins, according to a recent announcement by the Mendoza Tax Administration. The move is a part of the government’s efforts to move towards “modernisation and innovation.”
Taxpayers will be able to use their Binance, Ripio, Buenbit, Bitso, Lemon, or Bybit crypto wallets to pay taxes with either USDT or DAI stablecoins, as per the official guide published by the authority.
https://www.coindesk.com/policy/2022/08/29/argentinas-mendoza-province-now-accepts-cryptocurrencies-for-tax-payments/
Meta Enables NFT Cross-Posting Between Facebook and Instagram
Meta’s NFT feature on Instagram is now expanding to Facebook. Users will now be able to post their Ethereum, Polygon or Flow NFTs across both the Instagram and Facebook platforms. The feature is initially being rolled out to only select US users.
To enable the NFT posting feature, users need to connect their web3 wallets only once to either the Instagram or Facebook app. After successfully connecting, the app will be able to recognise and post cross platforms as long as the feature is enable on the user’s profile. Supported wallets include, MetaMask, Rainbow, Trust Wallet, Coinbase Wallet, and Dapper.
https://decrypt.co/108489/meta-facebook-instagram-ethereum-polygon-flow-nft-crosspost
Sam Bankman-Fried Denies FTX Is Planning to Acquire Huobi
According to a recent tweet by FTX founder and CEO Sam Bankman Fried, FTX has no plans to buy a stake in the crypto exchange Huobi. The announcement comes after a previous Bloomberg report stated that FTX had held preliminary talks with Huobi founder Leon Li to buy a majority stake in Huobi. Huobi’s native token HT declined by 6% after the tweet.
https://www.coindesk.com/business/2022/08/29/ftxs-sam-bankman-fried-denies-crypto-exchange-is-planning-to-acquire-huobi/
Derivatives Marketplace CME Launches Euro-Denominated Bitcoin, Ether Futures
Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin and Ether futures contracts denominated in the euro. The euro denominated contracts will complement the existing dollar-denominated futures CME launched in 2021.
According to the announcement, the Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. They will be cash-settled and based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.
CME Group global head of equity and FX products Tim McCourt stated,
"Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”
https://www.theblock.co/post/166325/derivatives-marketplace-cme-goes-live-with-euro-denominated-bitcoin-ether-futures
Ethereum Scaling Network Arbitrum Set for Major Upgrade on Aug. 31
On Wednesday, Ethereum scaling solution Arbitrum will undergo one of its most significant updates called ‘Nitro’. The Nitro upgrade will speed up transaction processing, lower transaction costs, and make cross-chain communication between Arbitrum and Ethereum simpler.
The upgrade was confirmed by the team in a tweet. According to the tweet, two to four hours of network downtime period during the upgrade is to be expected by users. Nitro will add improved fraud proofs, along with updated sequencers, token bridges and call data compression mechanisms to Arbitrum.
https://cointelegraph.com/news/ethereum-scaling-network-arbitrum-set-for-major-upgrade-on-aug-31
