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Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
18.6.2024
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such...
Crypto trading firm Cumberland secures New York BitLicense
17.6.2024
The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services
Resolving the Liquidity Dilemma: Orderly Network’s Next-Gen Trading Infrastructure Elevates DeFi Efficiency with Institutional-Grade Liquidity
17.6.2024
By enhancing liquidity, simplifying the user experience, and supporting diverse trading solutions, an omnichain trading infrastructure like Orderly Network is transforming the DeFi landscape and paving the way for widespread adoption. While the total value of decentralized finance (DeFi) approaches...
Crypto Trading Firm Cumberland Acquires New York's BitLicense
17.6.2024
The firm said it's one of the only principal trading firms to hold the state's crypto license
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services
17.6.2024
According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional...
Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest
17.6.2024
Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14 million, with each ZK token trading at $0.2575. This positions ZK among the top 100 largest market...
Ethereum Technical Analysis: ETH Faces Mixed Signals Amid Short-Term Downtrend
17.6.2024
On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased...
Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Waka Flocka Flame token launch faces insider trading allegations
17.6.2024
Around 40% of the coin’s total supply was scooped up before Waka Flocka Flame announced the launch
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
16.6.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for all its customers, and Worldcoin decided...
Turkish Bank Garanti BBVA Embraces Digital Assets With New Crypto Wallet and Trading Platform
16.6.2024
In a significant move towards embracing digital assets, Turkish bank Garanti BBVA has launched a crypto wallet and trading platform, “Garanti BBVA Crypto”. This platform allows customers to trade and store BTC, ETH, and USD Coin (USDC) seamlessly via the bank’s mobile app....
Spot Ethereum ETFs may begin trading by July 2 — Bloomberg Analyst
15.6.2024
Bloomberg ETF analyst Eric Balchunas says his "best guess as of now" is that spot Ether ETFs will begin trading in the United States before July 2
DeFiBitoro on Injective: Order book for better trading & staking
14.6.2024
Bitoro Network brings in an order book on Injective, for offering better spin-offs about the overall trading experience and placing added avenues with more features at the disposal of traders, These include more cost-effectiveness, as well as staking vaults, and certain others. The link up with...
Bitcoin Technical Analysis: BTC Faces Downward Pressure Amid Market Uncertainty
14.6.2024
Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical analysis across multiple time frames indicates...
Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings
14.6.2024
Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said
Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC
14.6.2024
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows
Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions
14.6.2024
On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect...
Altcoins signal buy after taking it ‘on the chin’ since March
14.6.2024
The altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months
Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value
13.6.2024
There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands
Hidden Road partners with Bitfinex after Bybit KYC issues
13.6.2024
After halting support for BybBit’s crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange