Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Italy Will Increase Tax on Crypto by 28%
Reading Time: < 1 minuteThe Italian government is expected to approve a more lenient tax increase on cryptocurrency trades.
Crypto Market Capitalization Reaches $3.1T
Reading Time: < 1 minuteThe total value of the cryptocurrency market has recently surpassed the $3.12 trillion mark, setting a new all-time high and coming close to exceeding France’s gross domestic product.
Detroit Will Allow Residents to Pay Taxes and Fees with Crypto
Reading Time: < 1 minuteCity officials yesterday announced that Detroit will now accept cryptocurrency payments, making it the largest city in the United States to do so.
Trump’s Victory Drives Crypto Stocks Up
Reading Time: < 1 minuteIn the premarket hours, stocks associated with the cryptocurrency market experienced notable gains.
VanEck Announces Launch of Pyth ETN in Europe
Reading Time: < 1 minuteVanEck has announced the launch of a new ETN in Europe that tracks the Pyth Network’s native token, PYTH.
Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets
Reading Time: 3 minutesAbu Dhabi, United Arab Emirates, 5th November 2024, Chainwire
Pakistan Moves to Legalize Cryptocurrencies
Reading Time: < 1 minuteThe government of Pakistan has recently put forth proposals to amend the State Bank of Pakistan (SBP) Act, which could potentially result in the legalization of digital currencies such as Bitcoin and Ethereum within the country.
Online Casino MetaWin Loses $4M in Hacker Attack
Reading Time: < 1 minuteMetaWin, an online casino platform, was the victim of an exploit on November 3rd that resulted in the loss of approximately $4 million.
Taiwan’s FSC Plans to Implement a Crypto Exchange Registration System
Reading Time: < 1 minuteTaiwan’s Financial Supervisory Commission (FSC) will establish a registration system for cryptocurrency exchanges before the end of November, according to a report by local news outlet Anue Juheng.
Hackers Steal $1.4B in Crypto in 2024
Reading Time: < 1 minuteAccording to a recent report from immunefi, a web3 bug bounty and security services platform, the crypto industry has faced over $1.4 billion in losses this year due to 179 hacks and scams.
Canary Capital Files Application to Launch a Solana ETF
Reading Time: < 1 minuteCanary Capital has submitted an application to the SEC for a Solana (SOL) ETF. This is part of a recent trend of asset managers seeking to offer cryptocurrency-backed ETFs on traditional exchanges.
NYSE Plans to List Grayscale’s Crypto Index ETF
Reading Time: < 1 minuteNYSE Arca, a securities exchange, has requested permission from US regulators to list a Grayscale exchange-traded fund (ETF) that holds a diverse selection of spot cryptocurrencies.
Coinbase Teams Up with Visa to Allow Crypto Deposits, Withdrawals and Purchases
Reading Time: < 1 minuteVisa has announced a partnership with crypto exchange Coinbase that will allow users with eligible debit cards to instantly deposit and withdraw funds from their accounts.
Netherlands Begins Consultation on Crypto Bill
Reading Time: < 1 minuteThe Netherlands has initiated a consultation process for a proposed bill that would require crypto services to share user data with tax authorities, in accordance with the European Union’s DAC8 directive.
Hong Kong Plans to Extend Tax Concessions for Crypto
Reading Time: < 1 minuteThe government plans to extend current tax concessions offered to privately offered funds and family offices to include crypto investments.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minuteThe finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
Denmark Intends to Tax Unrealized Crypto Gains
Reading Time: < 1 minuteThe Danish Tax Law Council has proposed a mark-to-market taxation method for cryptocurrency assets in a recent report. Their suggestion will soon be followed by a legislative proposal.
Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minuteThe individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
SEC Includes Crypto in its Examination Priorities for 2025
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has once again included cryptocurrency assets as part of its 2025 examination priorities.
Komainu to Acquire Custody Firm Propine
Reading Time: < 1 minuteKomainu, a company providing digital asset custody services, has set its sights on acquiring Propine Holdings, the parent company of local custody provider Propine Technologies, based in Singapore.
Weekly Inflows into Crypto Products Reach $2.2B
Reading Time: < 1 minuteAsset management firms such as BlackRock, Bitwise, Grayscale, ProShares, and 21Shares experienced significant net inflows of $2.2 billion last week, the highest since July.
Market Update October 18
Reading Time: < 1 minuteThe cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
Worldcoin Rebrands to World
Reading Time: < 1 minuteWorldcoin is undergoing a rebranding process and will now be known as World Network, or simply World.
Italy Plans to Raise Capital Gain Tax on Bitcoin
Reading Time: < 1 minuteItaly is set to significantly increase the capital gains tax on Bitcoin, jumping from 26% to 42%.
Canary Capital Plans to Launch a Litecoin ETF
Reading Time: < 1 minuteCanary Capital has announced its intention to launch a product focused on Litecoin, just a week after filing for an ETF that would directly hold Ripple’s XRP token.
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