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South Korea’s Democratic Party pushes to implement 20% crypto tax in 2025
20.11.2024
South Korea’s Democratic Party argued that increasing the threshold to 50 million won ($36,000) would mean only big players would be affected.
Denmark Tax Council recommends bill to tax unrealized crypto gains
24.10.2024
Denmark’s Tax Law Council has recommended introducing a bill that could tax unrealized gains and losses on crypto assets beginning as early as 2026
Denmark Tax Council recommends bill to tax unrealized crypto gains
24.10.2024
Denmark’s Tax Law Council has recommended introducing a bill that could tax unrealized gains and losses on crypto assets beginning as early as 2026
Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains
14.10.2024
China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts...
This Week’s Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum
14.10.2024
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight...
Trump and Politifi Tokens Surge — Which Coins Are Soaring the Most?
11.10.2024
With former President Donald Trump topping the charts on Polymarket, a popular predictions platform, the political finance (politifi) tokens have enjoyed a strong 16.7% boost in the past 24 hours. All ten of the leading politifi tokens are in the green, with many showing double-digit gains....
Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
15.9.2024
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions...
Microstrategy’s Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking
17.8.2024
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second...
SUI and ZETA Lead the Week’s Crypto Gains, Monero Dips Slightly
12.8.2024
Despite the recent dip in the crypto market, several digital currencies have experienced solid growth over the past week. Leading the pack, SUI saw a 95.6% increase against the U.S. dollar, with ZETA following closely, jumping 71.9% this week. Crypto’s Top Weekly Performers As of 12 p.m....
2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84%
11.8.2024
It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers...
Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined
9.8.2024
The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform
South Korea’s ruling party proposes to delay crypto tax to 2028
15.7.2024
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule
South Korea’s ruling party proposes to delay crypto tax to 2028
15.7.2024
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule
Year-to-Date Crypto Winners: Meme Coins Outperform in 2024
13.7.2024
More than half of 2024 has passed, with bitcoin up 38% year-to-date, and ethereum matching this rise since Jan. 1. According to statistics, several other digital assets have surpassed these two leading cryptocurrencies by market cap. The most notable performer is the meme token book of meme (BOME)...
Spot Bitcoin ETF Approval Shakes Up Voter Investment Preferences, Crypto Gains Favor: Grayscale
29.5.2024
Spot Bitcoin ETF approval has heightened the interest of the American voter in investing in Bitcoin or crypto, according to a Grayscale survey released Tuesday.
The post Spot Bitcoin ETF Approval Shakes Up Voter Investment Preferences, Crypto Gains Favor: Grayscale appeared first on Cryptonews
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
7.5.2024
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed.
The post Australia Tax Office Sets Sights On Crypto...
Crypto Assets Record 7-Day Upticks: NEAR Rises 33%, BONK Up by 32%
22.4.2024
According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen by 4% and 3.5%, respectively. NEAR experienced a significant uptick of 33% this past week, while BONK escalated by 32.7%....
Finnish Tax Administration Found €30 Million Worth Unreported Crypto Gains in 2023
22.4.2024
Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to €30 Million ($31.9 million).
The post Finnish Tax Administration Found €30 Million Worth Unreported Crypto Gains in 2023 appeared first on Cryptonews
Amid a Week of Severe Crypto Lows, TON and ONDO Record Gains Despite Broad Market Declines
15.4.2024
The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains. This week, ONDO appreciated by 13.2%, TON increased by 11.3%, PENDLE grew by 6%, and LEO saw a slight uptick of 0.5%. Market Update: A Tough Week for Crypto...
Bonk (BONK) days: The Bonk (BONK) guide to cryptocurrency gains, uncovering new memecoins
4.4.2024
In the colorful and often unpredictable world of cryptocurrency investments, memecoins have carved out a niche that combines humor with potential financial gains. Among them, Bonk (BONK) has emerged as a standout, captivating the hearts and wallets of investors with its unique blend of charm...