Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has revised the corporate tax rules, exempting crypto token issuers from paying corporate tax on unrealized gains associated with their token holdings. This exemption is […]
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11 bankruptcy in 2022, has begun the process of unstaking 206,300 ETH, valued at $468.5 million, to cover restructuring costs and facilitate creditor repayments.While […]
The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that could result in a significant loss of Ether, prompting questions about the protocol’s security. PeckShield, a blockchain security firm, discovered a $469,000 anomaly linked to Gamma, […]
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns and has urged public figures such as Elizabeth Warren and Senator Sherrod Brown to fulfill their oversight responsibilities.Deaton’s criticism of Gensler’s stance […]
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges. This follows a similar registration from the Fidelity Wise Origin Bitcoin Fund. The SEC is expected to make a decision on these ETF applications […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
Riema Labs, a leading player in the Bitcoin ecosystem, has successfully concluded its angel investment round, securing crucial funding for the launch of its groundbreaking product. This product, called Nubit, introduces a revolutionary data availability layer specifically designed for Bitcoin transactions. By leveraging this innovative technology, Riema Labs aims to significantly reduce the cost of […]
Investment firm Tuttle Capital has made a bold move in the crypto space by filing for six leveraged Bitcoin Exchange-Traded Funds (ETFs) with the SEC. These ETFs aim to provide users with magnified returns, seeking daily inverse or leveraged investment results ranging from 150% to 200%. The proposed ETFs consist of long and inverse leveraged […]
Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States. According to anonymous sources familiar with the matter, the company is in discussions to become an authorized participant (AP) for these ETFs. Being […]
