In order to be eligible for $3 billion in bailout money, the International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) of Pakistan impose a Capital Gains Tax (CGT) on investments in cryptocurrencies. The IMF suggested that Pakistan’s FBR tax cryptocurrency capital gains during the review
March 18, 2024 2 mins read
The developers behind the decentralized exchange PancakeSwap announced on March 15 that the coding and white paper for version four were published. Users may expect gas fee reductions and protection from temporary loss for liquidity providers (LPs) with the new version’s support for flash accounting and bespoke liquidity pools. An
March 15, 2024 1 min read
Crypto industry heavyweight MicroStrategy led by Michael Saylor has now announced plans to raise an astounding $525 million via the issuance of convertible senior notes. This strategic decision comes only weeks after the firm attempted to increase the sale of its notes to $700 million. This massive boost demonstrates MicroStrategy’s
March 15, 2024 2 mins read
As of March 14, the cryptocurrency exchange Bybit was added to the warning list maintained by Hong Kong’s Securities & Futures Commission (SFC). The regulator mentioned: “The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit, which offers trading
March 15, 2024 2 mins read
More than 25 cryptocurrencies are now available on Robinhood’s platform, thanks to the recent addition of Circle issued USD Coin (USDC) by Robinhood’s European division. Plus, a program allowing USDC holders to receive incentives of up to 10% has been launched by the crypto exchange. In addition, today’s pre-market session
March 14, 2024 1 min read
A huge step forward for the crypto exchange OKX, has been revealed with the announcement that the Monetary Authority of Singapore (MAS) has approved the exchange in principle for a major payment institution (MPI) license. This clearance further establishes OKX as a leading cryptocurrency exchange in Singapore and adds it
March 13, 2024 2 mins read
After deciding to eliminate fees for the first $1.5 billion in assets until March of next year, the VanEck Bitcoin exchange-traded fund (ETF) saw an influx of investments reaching $200 million. Rising investor appetite for Bitcoin exposure is fueling fierce competition in the crypto ETF industry, which is why this
March 13, 2024 1 min read
With the value of Bitcoin continuing to soar over the weekend, mining revenue for BTC reached an all-time high. On March 9, the seven-day moving average of miner profits reached $68.28 million, according to statistics from The Block. This surpassed the previous record of $67.15 million, set in May 2021.
March 12, 2024 1 min read
In his proposed budget for the year 2025, Joe Biden, the president of the United States, has brought back the concept of a 30% tax on the power used by cryptocurrency miners. As stated in the U.S. Department of the Treasury paper “General Explanations of the Administration’s Fiscal Year 2025
March 12, 2024 2 mins read
In the week ending March 8, Cathie Wood led ARK Invest sold more than 580,000 shares of Coinbase (COIN), a cryptocurrency exchange, for a total of $149.85 million, as the stock closed at $256.62 on Friday. Three of ARK’s exchange-traded funds (ETFs)—Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation
March 11, 2024 1 min read