Using the country’s Finance Ministry as a source, Russian news agency Interfax reported on Monday that the Russian government has authorized draft modifications to a law regarding the taxation of cryptocurrency transactions and mining. According to the report, cryptocurrency would be considered property for tax reasons under the proposed law.
November 19, 2024 1 min read
With the cryptocurrency markets surging once again, spot Bitcoin exchange-traded funds (ETFs) resumed their upward pace and had another good week. Data from the crypto monitoring platform SoSoValue shows that spot Bitcoin ETFs saw six weeks of positive flows, with net inflows of $1.67 billion during the trading week of
November 18, 2024 1 min read
A business license to do business in Abu Dhabi, the capital of the UAE, has been granted to BlackRock, a global financial corporation that also issues spot Bitcoin exchange-traded funds (ETFs). The clearance, which was issued on November 18th, demonstrates BlackRock’s desire in expanding into the crypto-friendly region, according to
November 18, 2024 2 mins read
NikolAI, one of the standout performers in TON Memelandia’s Cabal Arena, has achieved a groundbreaking milestone, reaching a $100 million market capitalization in just 11 days. This incredible feat solidifies its position as a top-tier memecoin and a trailblazer in TON’s rapidly expanding ecosystem. The token, launched on TONPump, has
November 16, 2024 1 min read
In order to support the ORDER token, Orderly Network, a leading provider of cloud liquidity infrastructure, has announced that it has integrated with Chainlink Price Feeds on the Arbitrum mainnet. This connection will offer high-quality and secure market data straight to its ecosystem. Chainlink was chosen by Orderly Network, a leading supplier of
November 14, 2024 3 mins read
Bybit, the second-biggest cryptocurrency exchange globally in terms of trading volume, has solidified its position as a significant force in the derivatives market. Between September and October, Bybit’s futures trading volume saw a phenomenal 61% increase. According to a recent report from Wu Blockchain, the monthly trading volume of this top
November 12, 2024 2 mins read
Recent Bitcoin news has focused the attention of crypto market players on the increasing interest from BTC whales. New Bitcoin wallets have reportedly amassed $145 million, increasing market optimism about the cryptocurrency’s continued surge and its potential for further gains. Even more encouraging for the flagship cryptocurrency’s future success among
November 8, 2024 2 mins read
Solv Protocol has announced the classification of underlying assets for its SolvBTC reserve. In doing so, the Solv protocol preserves liquidity while guaranteeing user security and yield-generating possibilities. With the implementation of cross-chain rate limitations and minting caps for novel reserves to control and reduce risk, these classifications aid in ensuring stability
November 7, 2024 2 mins read
Commissioner Hester Peirce has been outspoken in her criticism of SEC Chairman Gary Gensler’s strategy of regulating the cryptocurrency business via litigation rather than regulation. Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC. Having long pushed for a more deliberate and transparent
November 7, 2024 2 mins read
Crypto.com said today that it would provide qualified users with access to banking services via partner banks, as well as credit card and equity services through the Crypto.com family of enterprises, all backed by its most substantial benefits package to date, Level Up. With a progressive benefit structure, Level Up
November 6, 2024 4 mins read