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UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
7.10.2024
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially...
Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform
7.10.2024
The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked...
Swift to Pilot Digital Asset and Currency Transactions in 2025
7.10.2024
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges...
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
7.10.2024
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting...
Discovering the Creator-Driven World of Nifty Island
6.10.2024
In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last episode’s livestreamed game showcased Spellborne’s side quests. After...
Bitcoin’s rise above $62,000 could pull APT, WIF, FTM, and BGB higher
6.10.2024
Bitcoin’s recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB
Kraken Launches Regulated Derivatives Platform in Bermuda
6.10.2024
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 contracts, including perpetual and fixed-maturity futures, and aims to provide...
L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security
6.10.2024
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees...
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
6.10.2024
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent...
Goldman Sachs Raises Gold Forecast to $2,900 by 2025
6.10.2024
In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce...
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
6.10.2024
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking...
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
6.10.2024
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb...
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
6.10.2024
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer...
BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B
6.10.2024
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
6.10.2024
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them to a suspicious external site selling “Lego tokens.”...
Bitcoin realized price rejections hint BTC price ‘weakening’ — Analyst
6.10.2024
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
6.10.2024
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in...
Coinbase to Delist USDT in Europe Amid New EU Regulations
6.10.2024
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require...
Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention
6.10.2024
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will play a “very, very important role” in...
DMCC and CVVC Partner to Drive Web3 Innovation
6.10.2024
The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland. The partnership aims to foster collaboration, knowledge sharing, and innovation in blockchain technology....