Author: Tony Pearce
Gemini Expands to France
Reading Time: < 1 minuteGemini has now officially launched in France as part of its plan to expand its presence in Europe.
Russia Considers 15% Tax on Crypto Earnings
Reading Time: < 1 minuteRussia’s Ministry of Finance yesterday put forth a draft amendment proposing a 15% tax on earnings made from cryptocurrency.
Goldman Sachs Announces Plans to Spin Off its Blockchain Trading Platform
Reading Time: < 1 minuteGoldman Sachs has announced plans to create a new company focused on blockchain networks and financial instrument trading, by spinning off its digital assets platform into an independent entity.
Bitwise to Launch a Crypto Index ETP
Reading Time: < 1 minuteBitwise Asset Management has announced that NYSE Arca has filed a Form 19b-4 to uplist the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP). This […]
18 US States Take Legal Action Against SEC
Reading Time: < 1 minuteA lawsuit has been filed by 18 US states against the Securities and Exchange Commission (SEC) and its Chairman Gary Gensler, alleging that the regulatory body has overstepped its bounds and acted beyond its authority in its actions against the growing crypto industry.
Coincheck Receives SEC Approval for Nasdaq Listing
Reading Time: < 1 minuteCoincheck will become the first Japanese platform to be listed on the Nasdaq Global Market.
Coinbase Buys Utopia Labs
Reading Time: < 1 minuteThe stablecoin payment processor Utopia Labs has joined Base, the Layer 2 network of the crypto exchange giant Coinbase. This collaboration aims to strengthen onchain payments within Coinbase Wallet and Base.
Bitwise Plans to Launch an Aptos Staking ETP
Reading Time: < 1 minuteBitwise has announced the launch of the first ever staking exchange-traded product, featuring the Aptos currency, on the SIX Swiss Exchange in Switzerland.
Italy Will Increase Tax on Crypto by 28%
Reading Time: < 1 minuteThe Italian government is expected to approve a more lenient tax increase on cryptocurrency trades.
MicroStrategy Purchases $2 Billion in Bitcoin
Reading Time: < 1 minuteOn November 11, MicroStrategy announced that it had purchased 27,200 Bitcoin using $2.03 billion in cash.
Mt. Gox Moves $2B in Bitcoin to New Address
Reading Time: < 1 minuteOn Sunday, crypto exchange Mt. Gox transferred over $2 billion worth of Bitcoin to two addresses, possibly the company may be preparing to repay its creditors.
Detroit Will Allow Residents to Pay Taxes and Fees with Crypto
Reading Time: < 1 minuteCity officials yesterday announced that Detroit will now accept cryptocurrency payments, making it the largest city in the United States to do so.
Arkham Research Launches an Exchange for Perpetual Trading
Reading Time: < 1 minuteArkham Research, a top blockchain analytics company, has announced the launch of its own exchange for trading perpetual futures (“perps”).
VanEck Announces Launch of Pyth ETN in Europe
Reading Time: < 1 minuteVanEck has announced the launch of a new ETN in Europe that tracks the Pyth Network’s native token, PYTH.
OpenSea Will Launch a New Platform
Reading Time: < 1 minuteNFT marketplace OpenSea will be launching a new and improved platform in December as the NFT market continues to experience a slump.
Pakistan Moves to Legalize Cryptocurrencies
Reading Time: < 1 minuteThe government of Pakistan has recently put forth proposals to amend the State Bank of Pakistan (SBP) Act, which could potentially result in the legalization of digital currencies such as Bitcoin and Ethereum within the country.
Spot Bitcoin ETFs Attract $541M in a Day
Reading Time: < 1 minuteUS-based Bitcoin exchange-traded funds (ETFs) yesterday saw a total of $541 million in net outflows, the highest since May 1st and the second-highest since the ETFs began trading in January.
Taiwan’s FSC Plans to Implement a Crypto Exchange Registration System
Reading Time: < 1 minuteTaiwan’s Financial Supervisory Commission (FSC) will establish a registration system for cryptocurrency exchanges before the end of November, according to a report by local news outlet Anue Juheng.
Hackers Steal $1.4B in Crypto in 2024
Reading Time: < 1 minuteAccording to a recent report from immunefi, a web3 bug bounty and security services platform, the crypto industry has faced over $1.4 billion in losses this year due to 179 hacks and scams.
Canary Capital Files Application to Launch a Solana ETF
Reading Time: < 1 minuteCanary Capital has submitted an application to the SEC for a Solana (SOL) ETF. This is part of a recent trend of asset managers seeking to offer cryptocurrency-backed ETFs on traditional exchanges.
Coinbase Teams Up with Visa to Allow Crypto Deposits, Withdrawals and Purchases
Reading Time: < 1 minuteVisa has announced a partnership with crypto exchange Coinbase that will allow users with eligible debit cards to instantly deposit and withdraw funds from their accounts.
Circle Teams Up with HKT to Cooperate in Blockchain Tech Solutions
Reading Time: < 1 minuteCircle and HKT, a leading telecommunications provider in Hong Kong, have announced a Memorandum of Understanding to explore potential partnerships using blockchain technology.
Hong Kong Plans to Extend Tax Concessions for Crypto
Reading Time: < 1 minuteThe government plans to extend current tax concessions offered to privately offered funds and family offices to include crypto investments.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minuteThe finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
Denmark Intends to Tax Unrealized Crypto Gains
Reading Time: < 1 minuteThe Danish Tax Law Council has proposed a mark-to-market taxation method for cryptocurrency assets in a recent report. Their suggestion will soon be followed by a legislative proposal.
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