Taiwan GameFi Company Gets a Boost in Its Quest to Develop a More Entertaining Game; Altcoins Stand Out

A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading
Bybit



“Over the last two decades, people have tried rebuilding finance using fintech. While many interesting financial applications have resulted from fintech innovations, they all remained bound to the traditional fiat system. True innovation in money and finance has only started with Bitcoin.” (CoinDesk columnist Pascal Hügli) … “History is full of big moments that have changed America’s economic trajectory: The Great Depression of the 1930s, the Great Inflation of the 1970s and the Great Recession of 2008 are examples. It’s too early to know for sure, but the changes happening today could prove to be the next one.” (The New York Times) … “Without unequivocal confirmation that staking rewards are taxed like all other created property, America could lose its foothold as a home for a growing staking ecosystem, which drives blockchain innovation and job creation. It’s time for the courts, Congress or the [Internal Revenue Service] to make clear that staking rewards should receive the same tax treatment as any other type of created property.” (CoinDesk contributors Alison Mangiero, Evan Weiss) … “It comes down to transaction fees. What people are paying to use the system should be a kind of proportional marker of what their emissions responsibility is. So instead of looking at the number of transactions, I look at the fees to make an estimate of what percentage of the Ethereum network’s emissions belong to [non-fungible tokens].” (Researcher Kyle McDonald in a CoinDesk Q&A)



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