Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
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 […]
CFTC Clears Way for Bitcoin ETF Options
Reading Time: < 1 minuteThe US Commodity Futures Trading Commission (CFTC) has announced that it will no longer be involved in the clearing of Bitcoin ETF options.
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.
Revolut Expands its Crypto Exchange to 30 European Countries
Reading Time: < 1 minuteCryptocurrency-friendly neobank Revolut is expanding its crypto exchange, Revolut X, to 30 new markets across the European Economic Area (EEA).
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.
Crypto Market Capitalization Reaches $3.1T
Reading Time: < 1 minuteThe total value of the cryptocurrency market has recently surpassed the $3.12 trillion mark, setting a new all-time high and coming close to exceeding France’s gross domestic product.
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.
Trump’s Victory Drives Crypto Stocks Up
Reading Time: < 1 minuteIn the premarket hours, stocks associated with the cryptocurrency market experienced notable gains.
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.
Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets
Reading Time: 3 minutesAbu Dhabi, United Arab Emirates, 5th November 2024, Chainwire
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.
Online Casino MetaWin Loses $4M in Hacker Attack
Reading Time: < 1 minuteMetaWin, an online casino platform, was the victim of an exploit on November 3rd that resulted in the loss of approximately $4 million.
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.
Crypto Bubbles Explained
Reading Time: 2 minutesThese periods of explosive growth, followed by sharp declines, are known as crypto bubbles.
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.
NYSE Plans to List Grayscale’s Crypto Index ETF
Reading Time: < 1 minuteNYSE Arca, a securities exchange, has requested permission from US regulators to list a Grayscale exchange-traded fund (ETF) that holds a diverse selection of spot cryptocurrencies.
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.
Netherlands Begins Consultation on Crypto Bill
Reading Time: < 1 minuteThe Netherlands has initiated a consultation process for a proposed bill that would require crypto services to share user data with tax authorities, in accordance with the European Union’s DAC8 directive.
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.
Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minuteThe individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
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