Blockchain Special

⚡️ More than 2,975 Chipotle restaurants in the U.S. can pay with cryptocurrency Popular Mexican fast-food restaurant chain Chipotle has partnered with digital payment provider Flexa. This will allow more than 2,975 restaurants in the U.S. to accept 98 cryptocurrencies, including BTC, ETH and seven dollar Stablecoins. 💡 The information was shared with Flexa. Chipotle's website has no information yet.

🤓 Thai government exempts cryptocurrency transfers from VAT until the end of 2023 The Thai government has issued a royal decree that includes a provision to exempt cryptocurrency transfers from value-added tax (VAT) until December 31, 2023. ⚠️Under the new decree, transfers of cryptocurrency and digital assets on regulated exchanges will not require a 7% VAT payment until early 2024. The new ruling is in addition to the previous decision not to charge VAT on cryptotransactions. That ruling also expires at the end of 2023. The Thai government also canceled plans to impose a 15% income tax on digital asset transactions. Authorities said the reliefs are part of an effort to increase investment in the country's digital asset space.

🐋Whales are abandoning USDT in favor of USDC According to analyst company CoinMetrics, the number of Ethereum blockchain wallet addresses with more than $1 million in USDC has surpassed those of USDT wallets. 💥After the UST collapse, USDT also briefly lost its peg to the dollar. Stable holders withdrew about $10 billion, dropping the in-the-money supply from $83 billion to $73 billion in 10 days. Over the same period, USDC supply rose from $48 billion to $53 billion. @Sandilefxxx

🇯🇵Japan's Sumitomo Mitsui Trust will create a service to store digital assets According to Nikkei Asia, Japan's Sumitomo Mitsui Trust Bank will create a new company, Japan Digital Asset Trust, which will offer digital asset custody services for institutional investors. The initial capital of Japan Digital Asset Trust will be $2.3 million, with plans to increase it to $78 million later. The new company will be incorporated by the end of 2022. Sumitomo Mitsui Trust currently manages $664 billion in assets. @Sandilefxxx

💰 FTX CEO willing to spend up to $1 billion to keep Trump from winning the presidential election in 2024 On the podcast, he was asked about how much money he might donate during the next U.S. presidential election. To which he replied, "$100 million to $1 billion to fund the person running against Donald Trump." 💥 $1 billion would be a historic record. According to OpenSecrets, the biggest political donors right now are Sheldon and Miriam Adelson, who donated $218 million to Republicans in 2020. Sam Bankman-Fried noted that he might distribute the money among several organizations. @Sandilefxxx

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