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Japan Financial Regulator Moves To End “Paper Profits” Tax On Digital Assets
5.9.2023
Japan’s top financial regulator, the Financial Services Agency (FSA) has proposed key amendments to the nation's tax code relating to profits on digital assets.
According to local news outlets, the Agency’s proposal to change the tax code is in line with several calls by industry executives...
Crypto Infrastructure Provider Qredo Slashes Staff, Cuts Annual Expenses by 35% – Bear Market Continues?
5.9.2023
Crypto infrastructure provider Qredo has announced plans to reduce staff and expenses as it navigates the challenges posed by the ongoing bear market.
Qredo has let go of approximately 50 employees, including several senior executives, according to three sources familiar with the matter.
Among...
Bitcoin, Ethereum Technical Analysis: BTC Slips Below Key Support Point as US Markets Reopen Following Labor Day
5.9.2023
Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin...
Crypto Casino Stake Opens Withdrawals After Reported $40M Exploit
5.9.2023
On September 4th, at 9:28 pm UTC, the crypto betting platform Stake resumed its deposit and withdrawal services only five hours after a reported $40 million exploit.
The incident began with multiple unusual transactions on Monday morning Eastern Time, with approximately $16 million in Ethereum...
Rollbit Price Prediction as Largest Crypto Casino Competitor Stake Gets Hacked – Will Whales Move to RLB?
5.9.2023
The price of Rollbit Coin (RLB) has gained by 4% in the past 24 hours, reaching $0.165899 after one of its rival online casinos, Stake, was hacked for $41 million.
RLB is now down by 9% in a week, yet the altcoin remains up by an impressive 49% in the last 30 days and by more than 9,000% in...
Hawaii Man Charged for Making False Security Fund Conversion to Crypto Claims
5.9.2023
The U.S. Securities and Exchange Commission has charged a Hawaiian resident for falsely claiming that his fraudulent security would become the “first publicly traded security fund to convert to a cryptocurrency.” According to the Commission, the man promoted the security to boost...
Aussies To Be Paid To Understand Crypto Market and Recognize Scam Coins: Swyftx
5.9.2023
Australian crypto exchange Swyftx has launched a ‘Learn and Earn’ education platform with an aim to better equip Aussies with “crypto knowledge until such time as the industry is fully regulated.”
Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge...
Is It Too Late to Buy Stellar? XLM Price Blasts Up 12% and This Innovative Startup Can Find the Next Crypto to Explode
5.9.2023
Stellar Lumens (XLM) has been undertaking a dramatic +12% comeback as anticipation builds surrounding an upcoming announcement from the Stellar Development Foundation (SDF).
The SDF is a non-profit developers foundation; dedicated to growing and improving the XLM ecosystem towards the ultimate...
Crypto collapses generate hundreds of millions of dollars for lawyers
5.9.2023
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said
Mobile payments and crypto: A synergistic future
5.9.2023
Mobile payments have been transforming the way businesses get paid or make payments. They offer efficiency, security, convenience, and added opportunities for value creation and innovation. The emergence of blockchain and cryptocurrencies as alternative payment systems has enhanced mobile payments...
Traditional Finance Exchanges Divided on Crypto Services: Survey
5.9.2023
A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future
Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options
5.9.2023
Options tied to ether recorded their highest volumes since March of this year, Deribit's Luuk Strijers told CoinDesk
MetaMask scammers take over government websites to target crypto investors
5.9.2023
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites
South Korean Hana Bank enters crypto custody business with BitGo
5.9.2023
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024
Japanese regulator seeks to scrap “unrealized gains” tax on crypto
5.9.2023
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto
India's Finance Minister Says Discussions Underway on Global Framework to Regulate Crypto Ahead of G20 Summit
5.9.2023
India’s Finance Minister Nirmala Sitharaman confirmed that discussions are underway on global crypto regulations ahead of the G20 summit.
India is all set to chair the upcoming G20 meeting between world’s most powerful countries later this week where crypto regulations is going to be one of...
Global Standard Setters to Deliver Global Crypto Policy Roadmap
5.9.2023
The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit
Crypto Scams on Rise in Portugal as Two Investors Lose Over $312k
5.9.2023
Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.
Per CM-TV, the two individuals hail from Cantanhede, in Portugal’s Coimbra District.
The duo appear to have been promised they could expect “quick...
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
5.9.2023
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch
Singapore's New President Has a History of Disapproving Crypto
5.9.2023
Singapore's newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”.
With 70.4% of the vote, Shanmugaratnam has become Singapore's 9th president, succeeding Halimah Yacob, the country's first female head of state.
However, to...