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Hong Kong will possibly become the hub of global crypto firms
7.5.2024
As crypto regulators in the US step up their scrutiny of the industry, crypto companies and founders are seeking for more welcoming environments abroad to fuel their expansion. Notably, global crypto firms and entrepreneurs are relocating to Hong Kong for opportunity and refuge. The crypto industry...
Robinhood Would Likely Win Crypto Court Case With the SEC: KBW
7.5.2024
The platform being issued a Wells Notice by the SEC is surprising given the company’s conservative approach to digital assets listings, the report said
Australia cracks down on taxes, requests crypto exchange client data
7.5.2024
Australia has escalated its efforts to bolster tax compliance and combat potential tax evasion within the burgeoning cryptocurrency sector by seeking client data from cryptocurrency exchanges operating within its jurisdiction. This latest development underscores the Australian government’s...
Nigerian officials proposed secret crypto settlement, claims Binance CEO
7.5.2024
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them
Canada’s Tax Authority Targets Crypto Tax Dodgers, Investigating Multimillion-Dollar Cases
7.5.2024
The Canada Revenue Agency is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors.
The post Canada’s Tax Authority Targets Crypto Tax Dodgers, Investigating Multimillion-Dollar Cases appeared first...
Nigeria to ban peer-to-peer crypto trading in naira
7.5.2024
Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges, custodians firms “in the coming days.”
Revolut debuts dedicated crypto exchange for UK users
7.5.2024
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion
Leading Colombian Conglomerate Bancolombia Launches Crypto Exchange, Introduces Peso Stablecoin
7.5.2024
Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with the launch of Wenia, a cryptocurrency exchange. Wenia seeks to disrupt Bitso’s and Binance’s dominance in the cryptocurrency exchange industry in Colombia...
Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows
7.5.2024
GBTC recorded inflows for two consecutive days — bringing its total inflows to $66.9 million
Kronos Research hacker shifts funds to Tornado Cash
7.5.2024
Kronos Research was exploited for $25 million in November last year, and one of the six wallets linked to the hacker started moving funds to Tornado Cash on May 7
Crypto analysts predict massive +500% surge for Bitgert coin this week
7.5.2024
Most analysts today believe that achieving as high as a 500% surge for an altcoin in the crypto market is simply a challenge that is currently impossible, even with the volatile nature of the market. This often prompts many analysts to make their predictions based on comprehensive technical...
Digital Chamber Criticizes SEC Over Wells Notice Issue to Robinhood Crypto
7.5.2024
The Digital Chamber called SEC's move as yet another instance of the regulator’s “unchecked regulatory overreach,”
The post Digital Chamber Criticizes SEC Over Wells Notice Issue to Robinhood Crypto appeared first on Cryptonews
Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters
7.5.2024
The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports
Bitcoin Rebound Has Crypto Options Traders Anticipating $100K
7.5.2024
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment
Revolut's Crypto Exchange Goes Live for Experienced Traders
7.5.2024
London-based Revolut, which has more than 40 million customers worldwide, has developed Revolut X to compete with leading crypto exchanges
Philippines Regulator to Unveil Cryptocurrency Regulatory Framework in Second Half of 2024
7.5.2024
Emilio B. Aquino, chairperson of the Securities and Exchange Commission in the Philippines, announced plans to introduce a regulatory framework for cryptocurrency in the latter half of 2024. Aquino expressed optimism that tech giants Apple and Google will promptly comply with the SEC’s request...
Is XRP the crypto sleeping giant ready to awaken?
7.5.2024
Unlike traditional cryptocurrencies, which seek to decentralize financial transactions and function as peer-to-peer electronic payment systems, XRP is different from these in the crypto market. While decentralization and anonymity are the main features of many cryptocurrencies, XRP emphasizes...
Unveiling 2024’s leading crypto gateway digital payment solutions
7.5.2024
Now that 2024 has arrived, digital payments have changed a lot. This means that they now incorporate new technologies and ideas very smoothly. Among these changes are cryptocurrencies, which have shaken how we think about money and do business forever. These are crypto gateways – the missing link...
Tom Brady grilled on FTX ties in Netflix roast — ‘He fucked those people’
7.5.2024
Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX
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...