Japanese Party Leader Proposes Crypto Tax Reforms in Election Campaign
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), has outlined a significant proposal to amend cryptocurrency taxation, promising to reduce the tax on crypto gains to…
Bitcoin Open Interest Surpasses $40 Billion as Price Nears $70,000 Milestone
On October 21, open interest in Bitcoin derivatives reached an unprecedented high, indicating a robust engagement in the market as the price of Bitcoin approached the $70,000 threshold. CoinGlass reported…
Liz Cheney Advocates for Conservative Support of Kamala Harris Amid Abortion Debate
Former Republican Congresswoman Liz Cheney, a long-standing critic of unrestricted abortion policies, has recently pivoted to oppose stringent Republican-imposed bans on the procedure. During a series of events held in…
Vitalik Buterin Proposes Strategies to Address Ethereum’s Staking and Block Production Centralization
Ethereum co-founder Vitalik Buterin has outlined a series of proposals to combat the centralization of block production and staking within Ethereum’s network. These suggestions come as part of the “Scourge”…
Stripe Secures $1.1 Billion Acquisition of Stablecoin Platform Bridge, According to TechCrunch Founder
Payment processing giant Stripe has finalized a monumental $1.1 billion acquisition of the stablecoin platform Bridge, as reported by TechCrunch founder Michael Arrington. This deal marks a significant expansion for…
Policy Recommendations Suggest Taxing or Banning Bitcoin to Sustain Government Deficits
A recent working paper from the Federal Reserve Bank of Minneapolis has ignited a contentious debate by suggesting that assets like Bitcoin should be either taxed or banned to enable…
Tether’s USDT Reaches Record $120 Billion Market Cap, Indicating Potential ‘Uptober’ Crypto Rally
Tether‘s United States dollar-denominated stablecoin, USDT, has reached a new milestone, surpassing a $120 billion market capitalization for the first time on October 20. This achievement is documented on Tether’s…
Substantial Losses for Andrew Tate-Endorsed Memecoins
Most memecoins promoted by controversial social media influencer Andrew Tate have plummeted in value, losing 99% following his endorsement. Tate, who became famous on various social platforms, ventured into the…
Ether Holdings in Accumulation Wallets Surge 65% Since Early 2024
Since the beginning of 2024, Ether (ETH) has seen a substantial increase in its presence in accumulation wallets, with the value of these holdings now exceeding $50 billion. This trend…
Bitcoin Widens Market Cap Lead Over Ethereum to $1 Trillion Amid $68K Trading Price
Bitcoin‘s market capitalization has soared to $1.35 trillion, establishing a significant $1 trillion lead over Ethereum as BTC prices stabilize just above $68,000. This marks a notable milestone in the…
European Central Bank Paper Claims Older Bitcoin Holders Exploit New Investors
A recent paper published by the European Central Bank (ECB) on October 12, 2024, has sparked controversy by claiming that older Bitcoin holders profit at the expense of newer investors.…
Quantum Breakthroughs and Encryption: China’s Progress and Its Implications
Recent developments from Shanghai University have stirred the tech community with claims of breaking RSA encryption algorithms crucial to banking, military, and cryptocurrency applications. Despite the buzz, these claims, as…
Cyprus Halts Crypto Applications in Preparation for EU-Wide MiCA Regulation
The European Union is set to consolidate cryptocurrency regulation under the new Markets in Crypto-Assets (MiCA) framework by December 30, replacing national laws concerning crypto asset service providers (CASPs). The…
Ireland to Implement Urgent Crypto Regulations Ahead of New EU Anti-Money Laundering Directives
Ireland is on the verge of updating its cryptocurrency regulations in response to upcoming Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards set by the European Union. The country’s Finance…
Hong Kong Police Dismantle $46 Million Deepfake Crypto Romance Scam
Hong Kong police have successfully dismantled a sophisticated criminal operation using artificial intelligence deepfakes to orchestrate a crypto romance investment scam, leading to the arrest of 27 individuals. This elaborate…
Pro-Trump PAC Receives $7.5 Million in Cryptocurrency Donations
The Trump 47 PAC, aligned with former President Donald Trump, has raised $7.5 million in various cryptocurrencies to support his presidential campaign, according to an October 15 filing with the…
Radiant Capital Suspends Lending After $50 Million Cybersecurity Exploit
Radiant Capital, a cross-chain lending protocol, was forced to halt its lending markets following a massive cybersecurity breach that resulted in the loss of over $50 million. The exploit occurred…
Crypto Funding Dips 20% in Third Quarter Amid ‘Barbell Market’ Dynamics
In the third quarter, venture capital funding for the cryptocurrency sector fell by 20% to $2.4 billion compared to the previous quarter. This decline was marked by a notable 17%…
EU Watchdog Recommends Revisions to MiCA Cryptocurrency Regulations
The Markets in Crypto-Assets Regulation (MiCA) stands as the cornerstone of the European Union’s approach to regulating the cryptocurrency market. Recently, the European Securities and Markets Authority (ESMA) has called…
Italy Proposes Hike in Bitcoin Capital Gains Tax from 26% to 42%
The Italian government, under the direction of Deputy Economy Minister Maurizio Leo, is contemplating a significant increase in the capital gains tax on Bitcoin investments, proposing a jump from the…