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CRYPTO HOT NEWS 06/29/2022

Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales

The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their sale from value-added tax (VAT) in the Russian Federation. Some other services of digital asset exchanges will also be exempted, according to state-run news service RIA Novosti.

Switzerland-based crypto mining firm expands operations to Texas

White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas. White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that captures natural gas that would otherwise be burned and converts it to energy for use in the firm’s Bitcoin (BTC) mining operations.

‘Unique phenomenon’: All 5B toncoins mined on PoS TON blockchain

The TON Foundation, an organization developing blockchain project, the TON blockchain, officially announced that TON miners have mined the final toncoin.”Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said.

KPMG enters the metaverse, invests $30M in Web3 employee training

KPMG, one of the Big Four accounting firms in Canada and the United States, is making a collective $30 million investment this year in Web3 experiences to open its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era.

Crypto more popular than mutual funds among millennials, survey shows

Investing firm Alto recently surveyed millennials aged 25 to 40 based in the United States to find out their preferences in investing. According to the report, this is “greater than the percentage of millennials who own mutual funds”, showing that more millennials are investing in crypto than in mutual funds.

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