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IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers
20.4.2024
The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions.
The post IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers appeared first on Cryptonews
HashKey Exchange Suspends Binance Deposits and Withdrawals Citing Policy Adjustments
19.4.2024
HashKey Exchange, a licensed exchange based in Hong Kong, has announced the temporary suspension of digital asset deposits and withdrawals to and from Binance.
The post HashKey Exchange Suspends Binance Deposits and Withdrawals Citing Policy Adjustments appeared first on Cryptonews
Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means
19.4.2024
Canada is set to implement the International Crypto-Asset Reporting Framework (CARF) for crypto tax reporting by 2026, as per the country's 2024 budget. The move will place new obligations on Canada crypto service providers, such as exchanges and ATM operators, to report transactions and customer...
PayPal ceases NFT purchase protections, signaling a shift in the digital asset market
18.4.2024
PayPal, a leading online payment platform, has announced the cessation of purchase protections for Non-Fungible Tokens (NFTs), marking a significant shift in its stance toward the burgeoning digital asset market. According to the company’s policy update, NFTs will no longer be included...
Binance Secures Full Virtual-Asset Services Provider License in Dubai
18.4.2024
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license
$10.5 Trillion Asset Manager Blackrock Explains Importance of Bitcoin Halving
18.4.2024
Blackrock, the world’s largest asset manager, has explained the importance of the Bitcoin halving. “One of the reasons some people find bitcoin valuable is its scarcity,” Blackrock explained, adding that the halving also “underscores Bitcoin’s decentralized...
Asset Manager Bitwise Says Market Underestimates Long-Term Impact of Halving
17.4.2024
Bitwise Asset Management has issued a word of caution ahead of Bitcoin's highly anticipated halving, which is set to occur on April 20.
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Tether Partners with Fuze to Promote Digital Asset Awareness in Turkey and the Middle East
16.4.2024
Tether has partnered with digital assets infrastructure provider Fuze to enhance education and awareness surrounding digital assets in Turkey and the Middle East.
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HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With Tokenization
16.4.2024
Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed...
Analyst Predicts $650K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations
16.4.2024
Popular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very...
There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound Love
15.4.2024
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock's shift toward touting the original cryptocurrency
Bitcoin Shows Resilience Compared to Broader Crypto Market Despite Sell-Off: Fineqia
15.4.2024
Bitcoin has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021.
The post Bitcoin Shows Resilience Compared to Broader Crypto Market Despite Sell-Off: Fineqia appeared first on Cryptonews
Investor Caution Persists as Digital Asset Investment Products See $126M in Outflows
15.4.2024
Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum.
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German Federal Bank Landesbank to Offer Crypto Custody Services With Bitpanda
15.4.2024
German federal bank Landesbank Baden-Württemberg has entered a crypto partnership with Bitpanda to offer crypto-asset custody services in the second half of 2024.
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Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds
15.4.2024
Hong Kong SFC has approved first spot Bitcoin and Ethereum ETF applications filed by China Asset Management, Harvest Global, Bosera Capital and HashKey Capital.
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HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch
15.4.2024
HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality.
The post HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch appeared first on Cryptonews
VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts
13.4.2024
Blockchain platform VeChain has announced its partnership with the Ultimate Fighting Championship (UFC) to tokenize fighter gloves and track their identities using the VeChainThor network.
The post VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts appeared first on Cryptonews
Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment Method
13.4.2024
A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank...
$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC
13.4.2024
Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K...
Asset Tokenization Draws Focus From Global Securities Watchdogs
12.4.2024
The International Organization of Securities Commissions wants to analyse whether or not further policy direction is needed for tokenization