Kyrgyzstan cryptocurrency mining tax collection falls 50% YoY in 2024

"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco. 303 Total views 2 Total shares Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex…

Founder of the capital management firm Morgan Creek Antony Pompliano said on CNBC’s Squawk Box that over half of his net worth is in Bitcoin (BTC). In a video published on Twitter on Aug. 6, channel’s another guest, Canadian businessman and TV personality Kevin O'Leary, called this “a shame”:“That’s crazy. I forbid that, that’s insane,…

Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price. The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network is not…

This article has been updated to correct the name of Atomrigs Lab.Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomrigs Lab to jointly explore digital asset management and protection solutions. The news was released at a press conference at the bank’s office in Seoul on…

French financial technology firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize Paris properties. 1333 Total views 31 Total shares French fintech firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize various properties in Paris.According to a June 17…

The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors. In the filing, Judge Joel Coehn…

The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals.On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released tax guidance updates that further clarify its stance on how businesses and individuals involved with cryptocurrency…

The company has found a strong niche in the DeFi sector, with projects like Aave and Compound among its biggest clients. 313 Total views 5 Total shares Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds.The investment round was led…

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization. 193 Total views 18 Total shares The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.Cryptocurrency analytics platform…