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Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Gate.io’s Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets
24.1.2024
Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest...
Ordinals ‘Genesis Cat’ Fetches $254K in Sotheby’s Auction
24.1.2024
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million...
Now official, 1-million Mollars tokens pre-sold as crypto users anticipate a new store of value cryptocurrency
24.1.2024
It’s now official that 1-million Mollars tokens have been pre-sold. Crypto traders appear extremely bullish & excited about the Bitcoin-alternative crypto’s launch on Ethereum Blockchain. The deflationary digital currency offers a store of value but with 80% less transaction fees...
Bitcoin Miner Core Scientific Announces Post-Bankruptcy Comeback to Return to Nasdaq
24.1.2024
Core Scientific has announced its return to the Nasdaq following a comprehensive reorganization post-bankruptcy. According to Core Scientific’s recent release, the Bitcoin miner has emerged from its Chapter 11 bankruptcy with a significantly strengthened financial position. The reorganization...
GBTC ETF Sees Another $515M in Outflows as Bitcoin Price Remains Below $40k
24.1.2024
GBTC has reported another $515 million in outflows on January 23, taking the total outflows to $3.4 billion since its conversion to spot ETF earlier this month. Nine other recently approved spot Bitcoin ETFs recorded a total of $249 million in inflows. Bitcoin lost all of its gains since...
Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows
24.1.2024
The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin...
South Korean Tax Body Seized Crypto Worth $28.4m From ‘Tax Dodgers’ in 2023
24.1.2024
South Korea’s tax body last year confiscated cryptoassets worth $28.4 million from citizens who were trying to avoid paying taxes. Per Newsis, the number of “crypto tax dodgers” has ballooned from 5,741 – a figure reported in late 2022 – to 10,849. The latest figures come from the National...
Socket Retrieves $2.3M in ETH Following Bungee Bridge Exploit
23.1.2024
Source: AdobeStock/Roman Samokhin Interoperable blockchain network Socket has announced the retrieval of 1,032 Ether tokens worth $2.3 million. Announcing this development on X (formerly Twitter), the protocol revealed that these digital funds were linked to the January 16 Bungee Bridge exploit...
Pontem Announces AI-powered Crypto Chatbot Following $6 Million Seed Funding Round
23.1.2024
Product development studio Pontem is launching an AI-powered chatbot dubbed Pontem.ai capable of operating like a “full-scale AI crypto assistant.” A crypto trader’s best friend According to a press release from Pontem on Tuesday, the chatbot can answer questions on emerging news...
$WIF Pumps 35% on BitMex/Binance Listings, Then Dumps as $GFOX Sails to $3 Million
23.1.2024
Binance and BitMEX recently made $WIF available for trading via a new listing – WIF/USDT. The platforms described the perpetual swap as the token’s first major listings. From the look of things, this listing initially had a positive impact on $WIF’s price action before selling-off. On...
Is It Too Late to Buy Sui? SUI Price Rallies as New Meme Coin Approaches $10 Million
23.1.2024
Looking at the charts, SUI price analysis reveals that Sui Network is primed for a significant price rally, leaving some FOMO investors asking is it too late to buy SUI? This comes amid impressive growth in SUI’s DeFi offering, which has recently seen total value locked (TVL) surge to...
GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor Calm Amidst Market Shift
23.1.2024
Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday’s trading activities. GBTC Sees...
Bitcoin Price Drops Below $39k as Total Liquidation Reaches $320 Million in 24hrs
23.1.2024
Source: Pixabay Bitcoin (BTC) is facing another wave of volatility falling below the $39,000 mark on Tuesday, a 4.33% slump in the past 24 hours. The largest crypto by market cap is currently trading at $38,955 at press time. Bitcoin price has dropped slightly over 9% in the weekly charts and...
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
23.1.2024
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days....
CryptoPunks Top Sales Volume Charts – Top NFT News Today – 23 January
23.1.2024
The non-fungible token (NFT) market is up 12.5% over the past 24 hours. It now stands at $39,251,556. Buyers and sellers are both up around 2%, while transactions are down 10%. Among the top 10 collections by sales volume, CryptoPunks made the NFT news rounds and took the first spot with over $3.5...
Dogecoin Price Prediction as $800 Million Sends DOGE into the Red – Buy the Dip?
23.1.2024
The Dogecoin price has dropped by 6.5% in the past 24 hours, sliding to $0.07726 as the wider crypto market continues to suffer from profit-taking and loss-cutting in the wake of this month’s Bitcoin ETF approvals. DOGE is now down by 18% in the past month, and with the meme token also having...
Study: Financial Losses on BNB Chain Due to Hacks and Scams Fell by 85% in 2023
23.1.2024
In 2023, financial losses on the BNB Smart Chain due to exploits or breaches fell by 85% to $161.1 million, according to the findings of a new Avenger DAO study report. The study data also shows that Q2 of 2023 was the costliest quarter, with approximately $69.5 million lost across 127 incidents....
New Web3 and Blockchain Focused VC Fund, Paper Ventures, Launched With Initial Capital of $25 Million
23.1.2024
Paper Ventures, a new blockchain venture capital (VC) fund focused on early-stage Web3 and blockchain projects, has been launched with an initial fund of $25 million. The fund, founded by experienced venture capitalists, will not only invest in outstanding projects but will help nurture them....
Report: Mr Beast Nearing $100 Million TV Deal With Amazon
22.1.2024
James Donaldson, aka MrBeast aka that YouTuber who does weird charity videos aka that guy who sold me a terrible burger, is reportedly close to signing an estimated $100 million deal with Amazon to create a competition series on the company’s Prime Video streaming service. Read more