Japan passes stimulus package, commits to crypto tax reform
Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.
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House Republicans urge SEC to rescind ‘disastrous’ SAB 121
The House and Senate Republicans claimed the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act by issuing SAB 121.
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Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service
Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain the decentralization of the Bitcoin network.Your Bitcoin mining equipment, Blockstream’s data-centersThe…
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Crypto Biz: Axelar’s new interoperability stack goes live
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
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South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year. 232 Total views 14 Total shares South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about their use for criminal activities. The
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SEC Report Notes ‘Dozens’ of Investigations Into ICOs at End of Fiscal Year
The U.S. Securities and Exchange Commission’s (SEC) Enforcement Division has released its annual enforcement report for the 2018 fiscal year (FY), Friday, Nov. 2. The report notes actions by the Division against fraudulent Initial Coin Offerings (ICOs).According to the report, since the formation of the Division’s Cyber Unit at the end of FY 2017, the…
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NFT studio Mojito completes $20M seed round with help from Sotheby’s
Mojito previously helped develop Sotheby’s new digital NFT marketplace platform, Metaverse. 224 Total views 26 Total shares NFT development studio Mojito announced Friday that they have raised $20M in seed funding from a number of investors, including internationally known auction house Sotheby's.According to an announcement published in Forbes, Sotheby’s auction house in partnership with Future…
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Bitcoin price taps $30K for first time since April
Bitcoin (BTC) returned to $30,000 after the June 21 Wall Street open in a triumphant continuation of the week’s gains.BTC/USD 1-day chart. Source: TradingViewBitcoin price destroys traces of multi-week downturnData from Cointelegraph Markets Pro and TradingView confirmed a new multi-month high of $30,340 on Bitstamp.BTC price action continued to heat up throughout the day as…
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Trading Platform eToro Develops Blockchain Platform for Universal Basic Income Distribution
Trading platform eToro has recently announced a blockchain-based social project to create a “non-speculative” cryptocurrency with the aim of paying social interest to those who “have less,” according to a press release obtained by Cointelegraph Wednesday, Nov. 7.The trading platform currently has over 10 million registered users and supports fourteen cryptocurrencies on its platform.The social…