South Korean city threatens to sell crypto of tax debtors
Paju city officials in South Korea target citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November.
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US: SEC and CFTC Aim for Literacy in Digital Assets, Blockchain Analysis
The chairmen of two United States financial regulators, the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) testified before Congress today, May 8.The hearings before the Senate Committee on Appropriations served to inform the Senate on the agencies’ budgetary needs while outlining various objectives and initiatives.In their respective testimonies, SEC Chairman…

Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?
In a swift and intriguing turn of events, a previously enigmatic Bitcoin (BTC) address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the address in question accumulated a staggering 118,000 BTC.While its identity has now been attributed to Robinhood, questions still linger,…

Institutional managers hold a record $13.9B worth of Ethereum
Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to…

Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision.After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation.While many…

Bitcoin outperformed nearly every asset class in past year — VanEck
VanEck expects Bitcoin’s long-term bull market to continue, but miners are struggling.

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013
A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework. 48 Total views 1 Total shares According to data provided by the Ukrainian government, cryptocurrency exchanges offering services in the country have failed to contribute more…

Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?
Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000.Regulatory pressure, stronger U.S. dollar…

Gibraltar court freezes $7M PLAY tokens amid crypto gaming firm’s internal biff
The US-based Ready Makers says it won a court order to freeze crypto tokens from its Gibraltar subsidiary, Ready Maker, which it claims it lost control of.