A new tax system for businesses with cryptocurrency holdings as long-term assets is being prepared to be implemented in Japan. Positioning Japan as an influential participant in the fast-growing digital economy is a larger goal, and this step is only one component of that plan. Japanese lawmakers from the Liberal
December 7, 2023 2 mins read
Leading decentralized cloud service io.net recently revealed a partnership with the Filecoin community, which is a big milestone for the decentralized data storage industry. By collaborating with Filecoin Storage Providers (SPs), io.net gives SPs the chance to expand their revenue streams and use cases, which enhances the return on hardware expenditures.
December 6, 2023 3 mins read
Swiss asset manager Pando takes a giant leap forward in its expansion plans in the U.S. In an official move to enter the competition for the highly anticipated U.S. spot Bitcoin ETF, the business submitted a 19b-4 to the Chicago Board Options Exchange (CBOE) on December 5. As a result
December 5, 2023 2 mins read
Italian central bank Banca d’Italia and South Korean central bank Bank of Korea have entered into a memorandum of understanding (MoU) pertaining to information technology (IT) and payment systems via official channels on December 5. The Italian central bank has said that the MOU has provisions for the “mutual sharing
December 5, 2023 1 min read
Crypto.com announced that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). The FCA approved Crypto.com as a crypto asset firm in August 2022, and this approval follows suit. The strong FCA framework is in line with Crypto.com’s goal of guaranteeing the
December 4, 2023 1 min read
In a touching statement posted on the Bybit blog, co-founder and CEO Ben Zhou reflects on the crypto sector and his visions for the future as the third-largest cryptocurrency exchange by volume, Bybit, celebrates its fifth anniversary. Ben emphasizes Bybit’s noteworthy accomplishments over the last five years in his message
December 4, 2023 1 min read
Using eight different cryptocurrencies, wallets associated with the now-defunct FTX exchange and its subsidiary Alameda Research sent $10.8 million to Binance, Coinbase, and Wintermute accounts. Spot On Chain, a blockchain research organization, saw the transaction and estimated that the organizations had moved $551 million using 59 distinct cryptocurrency tokens since
December 1, 2023 1 min read
The third-largest cryptocurrency exchange in the world by volume, Bybit, has published new research that analyzes how traders modify their tactics in response to shifting market circumstances. The first to be started by a cryptocurrency exchange, “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” makes use of
December 1, 2023 1 min read
Michael Saylor, the chairman of MicroStrategy has announced the purchase of a further 16,130 BTC for about $593.3 million, or $36,785 per Bitcoin. According to the report, the corporation has grown its Bitcoin holdings to 174,530 BTC as of November 29. These holdings were bought for over $5.28 billion, or
November 30, 2023 1 min read
The cryptocurrency mixer Sinbad was sanctioned by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on charges that it laundered funds for the North Korean hacker organization Lazarus. The OFAC said on November 29 that Sinbad had handled cryptocurrencies valued at millions of dollars from thefts carried out
November 30, 2023 1 min read