November 7, 2024

Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal

The crypto payment option, which will be offered through a “secure payment platform managed by PayPal,” according to the release, is expected to go live in mid-2025. A spokesperson for the city did not immediately respond to questions about which cryptocurrencies Detroit plans to accept, but PayPal only supports a small handful of tokens — bitcoin, ether, bitcoin cash, litecoin, and PayPal’s own stablecoin, PayPal USD. Source link

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November 7, 2024

Alberta fires entire AIMCo board due to cost increases

Article content The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), saying the investment manager of pensions and other funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.” From 2019 to 2023, AIMCo’s third-party management fees have increased by 96 per cent, the number of employees increased by 29 per cent

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November 7, 2024

Bitcoin’s Parabolic Trend to Six-Figure Price Very Much in Play, Says Kevin Svenson – Here Are His Targets

A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards. In a new strategy session, crypto trader Kevin Svenson tells his 80,200 YouTube subscribers that a parabolic trend to six figures for the top crypto asset by market cap after its post-election boom is still a very real possibility. According to Svenson, the crypto king could skyrocket to $124,000

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November 7, 2024

OrbitLabs Proposes Testing for New Terra Classic’s Tax Mechanism

LUNC News: OrbitLabs has proposed a thorough review of the new “Reverse Charge” tax system on Terra Classic. This tax mechanism aims to simplify tax handling on the blockchain by deducting taxes from the recipient rather than the sender. The community’s approval would allow OrbitLabs to proceed with the review, ensuring the system’s reliability and security before full implementation. LUNC News: OrbitLabs Proposes Testing Terra Classic’s Tax Mechanism According to

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November 7, 2024

Detroit To Accept Tax Payments In Crypto, Here’s When

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services. City officials said transactions are set to occur via a secure platform maintained by PayPal. The service is set to start by mid-2025. Detroit Becomes First Major US City to Accept

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November 7, 2024

Vladimir Putin Reveals BRICS Dollar Strategy Amid Donald Trump Policy Shifts

Russian President Vladimir Putin addressed Russia’s position within the BRICS alliance regarding using the U.S. dollar. Contrary to the BRICS bloc’s ongoing de-dollarization efforts, Putin clarified that Russia is not planning to abandon the dollar entirely but will limit its use as a settlement currency. Describing the dollar as a “pillar of U.S. power,” Putin highlighted that the global trend toward alternative currencies is just a response to evolving economic

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November 7, 2024

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November 7, 2024

Vladimir Putin hails ‘courageous’ Donald Trump after election win

Putin praises Trump and congratulates election win Vladimir Putin has congratulated Donald Trump on his election victory, calling him a “courageous man”. Speaking at an event in the Russian city of Sochi, the Russian president said that Trump was “hounded from all sides” during his first term in the White House. Putin also said that Trump’s claim that he can help end the war in Ukraine “deserves attention at least”.

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November 7, 2024

Lucid (LCID) results Q3 2024

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Here is how the company performed in the quarter, compared with average estimates

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