On Tuesday, the Thai government announced that it will exclude businesses that issue digital tokens for investment from paying corporate income tax and value-added tax. After easing tax laws for crypto trading last year, Thailand has taken yet another positive step toward the cryptocurrency sector. According to Reuters, on March
March 7, 2023 1 min read
According to a report by Bloomberg, Babel Finance, a crypto lending platform located in Hong Kong, wants to develop a decentralized stablecoin that will be used to repay the firm’s debtors. Babel co-founder Yang Zho is now the company’s sole director. He is at the heart of the restructuring efforts.
March 6, 2023 1 min read
Kraken, a struggling cryptocurrency exchange, is apparently edging closer to its concept of founding its own bank. The exchange has made this decision after receiving a penalty from the U.S. Securities and Exchange Commission (SEC) for failing to register its crypto asset staking programme. According to a podcast appearance by
March 6, 2023 1 min read
On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
March 5, 2023 2 mins read
Recently, the Australian central bank, which has been investigating the potential advantages of central bank digital currency (CBDC), published the planned use cases for CBDC and the identities of the providers who have been asked to participate in the live trial. The bank, known as the Reserve Bank of Australia
March 5, 2023 1 min read
The market capitalization of all meme tokens suffered serious damage as the prices of Bitcoin (BTC) and Ethereum (ETH) fell by almost 3 percent over the previous week. Yet the crypto whales were quick to purchase the drop, adding a combined total of billions of Shiba Inu Coins to their
March 4, 2023 1 min read
After making significant acquisitions in February, Ark Invest, an investment management business managed by Cathie Wood, continued its purchasing binge in March, adding additional Coinbase shares to its portfolio. Having just released Base, an Ethereum Layer-2 blockchain, and having purchased One River Digital Asset Management, investors are looking favorably on
March 4, 2023 1 min read
This week, two major UK banks—Nationwide Building Society and HSBC Holdings Plc—tightened restrictions on retail clients’ access to cryptocurrency assets in the wake of recent scandals and regulatory cautions in the sector. The building society advised its clients on Wednesday. That the daily limit for using a debit card to
March 2, 2023 2 mins read
In an announcement made today, Coinbase, the biggest cryptocurrency exchange in the United States by trading volume, said it would no longer process transactions to or from Silvergate bank. Coinbase has said that “out of an abundance of caution” and in light of recent events involving the San Francisco-based crypto
March 2, 2023 2 mins read
The Shiba Inu team has now released the Shibarium solution’s official portal. The group wants to hear from developers and other interested parties. The Shiba Inu community is making headway in its efforts to broaden its ecosystem. The group’s layer 2 solution Shibarium was the subject of a blog post
February 27, 2023 1 min read