Tue, November 12

Will South Korea Put Crypto Taxation on Hold for Three More Years?

The South Korean ruling party, conservative People Power Party (PPP) is considering postponing the taxation of cryptocurrency investment gains with a 20 percent tax to January 2028. Cryptocurrency income taxation scheduled earlier in October 2021. As the tax law passed by the National Assembly during the former president, Moon Jae-in’s

July 15, 2024 2 mins read

Crypto Trader GCR Makes 8M Profits Trading TRUMP Right Before Dip

The crypto market witnesses long-term profits intermittently with traders profiting from yearly price increases. In the last 9 hours, a wallet address suspected to be well-known pseudonymous trader GCR, aka Gigantic Rebirth had inflows of $8.3 million in profits by selling 1.08 million tokens of memecoin MAGA (TRUMP).  According to

July 15, 2024 2 mins read

Fed Expected to Lower Interest Rates as per Bloomberg’s Mike McGlone

Since US stocks have turned around, Bloomberg analyst Mike McGlone predicts that the Fed will soon reduce interest rates. At a critical juncture in the economic landscape after the pandemic, this prediction arrives as the Federal Reserve has been sending mixed signals on a possible change in monetary policy. It

July 14, 2024 2 mins read

Solana Co-Founder Criticizes US Government Over Crypto Regulations

When it comes to the US government’s handling of cryptocurrency laws, Solana co-founder Anatoly Yakovenko has openly criticized the approach. Yakovenko voiced his concerns on the X platform. He likened the government’s attitude to regulation to the chaos in the healthcare industry. Consider the efficiency of the healthcare sector for

July 14, 2024 2 mins read

Ripple CLO Reflects on First Anniversary of Positive Court Ruling

As the cryptocurrency world marks a pivotal moment, Ripple enthusiasts are commemorating the first anniversary of a significant legal triumph. Stuart Alderoty, Ripple’s Chief Legal Officer, recently shared reflections ahead of this milestone, highlighting the impact of Judge Torres’ Summary Judgment in the SEC v Ripple lawsuit. “At its core,

July 13, 2024 1 min read

Why is the SEC Making Exceptions for Banks in Implementing SAB 121?

The history of crypto’s battle with the SEC dates back several years. Amid the recent anti-SAB voting, the SEC has announced making exceptions for certain custody banks and broker dealers in crypto reports. This announcement has caused quite a stir, raising speculations in the market. Recently, Fox Reporter Eleanor Terrett

July 13, 2024 2 mins read

US SEC Ends Investigation into Stacks Blockchain Developer Hiro Systems

According to a regulatory document made public on July 12, the US SEC has ended its three-year investigation into Hiro Systems. The firm is the developer of Stacks layer-2 blockchain. And was involved in the $70 million token sales that took place from 2017 to 2019. Since its 2018 inception,

July 12, 2024 1 min read

Dutch Court Denies Release of Tornado Cash Developer Amidst Legal Battle

The developer of the contentious crypto mixer Tornado Cash, Alexey Pertsev, was recently refused release by a court in the Netherlands. The continuing legal issue involving the crypto mixer continues with this new verdict. This was handed out on Friday, July 12. While he gets ready to appeal his conviction,

July 12, 2024 2 mins read

Hamster Kombat Creators Shed Light on Game’s Origins and Second Airdrop

It would seem that among “clicker” games hosted on Telegram, Hamster Kombat is unrivaled, with over 250 million users. Despite the first airdrop for Hamster Kombat scheduled for this month. Little details about the game’s origins or developers have been revealed. Thus, leading crypto enthusiasts to wonder what’s next for

July 12, 2024 2 mins read