The UK Tax Authority is considering making substantial changes to the regulation of DeFi lending and staking, which may have far-reaching consequences for the future of crypto taxes. This recent move is an indication that the government of the United Kingdom is striving to guarantee that crypto-related activities are taxed
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has become the world’s number one asset. The report on asset class returns for Quarter 1, 2023, shows that Bitcoin outperforms all other assets. #Bitcoin is the #1 asset in the world! pic.twitter.com/Tq8glQ857X — Documenting ₿itcoin 📄 (@DocumentingBTC) April 25, 2023
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
According to reports, the cryptocurrency market faces increased scrutiny from regulators worldwide. The US SEC has been particularly active in regulating the market. And also their pressure on regulations is now impacting the crypto market. This has led to uncertainty among investors and caused the market to fluctuate. The SEC
As the crypto market continues to evolve, investors and traders are constantly seeking to identify new coins to invest in. Memecoins, in particular, has gained significant attention in recent times. These memecoins dominated the crypto market. So what can expected for the upcoming week? Will it continue to dominate the
In this Hex (HEX) price prediction 2023, we will analyze the price patterns of HEX by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Hex (HEX) Current Market Status Current Price $0.06855 24 – Hour Trading Volume $16,525,112 24 – Hour Price Change
Russia announced the development of special institutions in order to mine cryptocurrencies and transfer them internationally through certain legislation. As per the recent updates of BRICS nations, the payments over international settlements are taken into revaluation for legitimizing the crypto transactions. Being a low-cost energy consumer, Russia has provoked financial
Crypto exchange Bybit confirmed the opening of its global headquarters in Dubai — the most crypto-friendly hub in the United Arab Emirates (UAE). On Monday, the crypto entity debuted its “new home” after receiving in-principal approval from Virtual Assets Regulatory Authority (VARA) last March for operating in this emirate. Bybit
The New York State Department of Financial Services (NYDFS) has implemented a new regulation. That empowers the government agency to collect supervisory fees from licensed cryptocurrency firms operating within the state. This means that the agency now has the authority to obtain the necessary funds to oversee and regulate the
Elon Musk, the CEO of Twitter has always had a connection over meme coins especially Dogecoin as shown in the recent logo change. Whereas, the impact was prominently huge than expected over the price surge on Dogecoin at that time. Now, Twitter permits cryptocurrency trading along with stocks and other
