Despite the market crash, global Web3 metaverse and tax projects continue.
Despite the turmoil in the digital assets market, Web3 developers, institutional investors, and authorities ready to tax metaverse earnings remain stable.
Breaking News
UK freezes record $13 billion in assets linked to two Abramovich associates
The United Kingdom has frozen assets belonging to two Russian oligarchs worth up to $10 billion pounds, or $13 billion U.S. dollars.
Eugene Tenenbaum and David Davidovich are both close associates of Russian billionaire Roman Abramovich.
Thursday’s action represents the largest asset freeze in British history, according to a government spokesperson.
The freeze on Tenenbaum and Davidovich was coordinated with a freeze by authorities on the offshore tax haven of Jersey froze assets valued at more than $7 billion that are suspected of being connected to Abramovich.
Ukraine says Russian cyberattack sought to shut down energy grid
Since Russia began its invasion in February, Ukraine hasn’t been hit by any attacks as visibly destructive as those previous hacks of Kyiv energy companies. But Ukraine has faced multiple so-called “wiper” attacks, including ones that have targeted computers in Ukraine’s government, financial institutions and internet service providers. Those attacks also look to mass-delete files from hacked computers.
Is inflation crunching your budget? Here are 3 ways to fight back
The Consumer Price Index jumped 8.5% in March 2022 from a year earlier, the fastest 12-month increase since December 1981, the U.S. Department of Labor said Tuesday.
The index is a gauge of rising prices across a swath of U.S. goods and services. A basket of items that cost $100 a year ago would cost $108.50 today, on average.
Amazon slaps U.S. sellers with 5% fuel and inflation surcharge
Amazon said Wednesday it’s adding a 5% fuel and inflation surcharge to U.S. sellers who use its fulfillment services.
The surcharge is “subject to change,” according to a notice sent to sellers and viewed by CNBC.
The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons
Experts say the next Cold War might already have started.
The Russian invasion of Ukraine has posed a new challenge to a market recovering from the uncertainties of the pandemic.
In the longer term, the health of the market depends on where the crisis in Ukraine is headed next.
Ukraine legalizes crypto sector as digital currency donations continue to pour in
Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country.
The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation.
Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that cryptocurrencies have taken on during the conflict.
Alibaba surges more than 11% after it ups share buyback program to $25 billion
Alibaba said on Tuesday it will increase the size of its share buyback program from $15 billion to $25 billion, effective for a two-year period through March 2024.
The Chinese e-commerce giant’s Hong Kong-listed stock surged more than 11%.
Alibaba appointed Weijian Shan, executive chairman of investment group PAG, to the its board as an independent director, replacing Ericsson CEO Börje Ekholm.
Russia restricts Instagram after its parent Meta allows violent threats against military for Ukraine invasion
Russia’s technology regulatory agency restricted access to the social media platform Instagram.
The move comes after its parent Meta decided to allow posts from users in some countries calling for violence against Russia and its military.
The policy allows Instagram and Facebook users in Russia, Ukraine and Poland to call for the death of Russian President Vladimir Putin and Belarusian President Alexander Lukashenko.
Russia already blocked access in the country to Facebook on March 4 and has restricted access to Twitter.
Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion
An SEC filing late Friday revealed the purchases were made on Wednesday, Thursday and Friday at prices between $51.03 and $58.58. The weighted average of the buys is around $56.60.
That gives Berkshire a total of 118.3 million shares that are worth almost $6.9 billion at Friday’s close of $57.95.
