CZ made his first public appearance after being released from prison during the Binance Blockchain Week. Ahead of the upcoming US Presidential elections, Changpeng Zhao is hopeful about the future of global crypto regulations. He stated that cryptocurrency regulations are heading in a promising direction worldwide. Zhao implied that shifting views on cryptocurrency suggest growing …
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
Reputed crypto leaders and experts demand the upcoming US administration implement clearer crypto regulation policies. They warn that if the US fails to create a supportive framework for the industry, other countries will seize that opportunity, pushing the US far behind. With the US election, in which Republican candidate Donald Trump will compete against Democratic …
Just as Bitcoin hit the $70,000 level, the Bhutan Government has made a major move that has raised questions across the crypto community. The move follows as BTC price rallied over $71,000 amidst better market conditions, US elections, and technical strength in the Bitcoin chart. Bhutan Moves $66M Worth Of BTC Bhutan’s government has started …
The Leading American cryptocurrency exchange Gemini, run by the Winklevoss twins, has secured a regulatory win in Singapore, weeks after bidding goodbye to the Canadian market due to an unfavorable regulatory environment. A Step Closer- As per a report published by The Straits Times on October 29, the company received In-Principle approval from the Monetary …
In a fascinating twist for cryptocurrency enthusiasts, Bitpanda GmbH, a trading platform backed by billionaire Peter Thiel is gearing up for a major transformation. According to a recent Bloomberg report, they’re eyeing a potential initial public offering (IPO) in Frankfurt, as revealed by insiders. The Vienna-based company is currently collaborating with heavyweights Citigroup Inc. and …
A series of macro-economic events are lined up this week which could drive volatility into the crypto markets. The following US economic events could greatly impact the market ahead of the much-anticipated bull run. Nonfarm Payrolls (NFP) The Nonfarm Payrolls are a key highlight in this week’s events calendar. Released on the first Friday of …
As November 5 draws closer, all eyes are on the U.S. election, a day set to shape not only the country’s future but potentially the path of the cryptocurrency market. Forecasting platforms like Polymarket now predict that Republican candidate Donald Trump is more likely to win against Democratic candidate Kamala Harris. Within the crypto world, …
The ongoing legal battle between the SEC and Ripple Labs is heating up, as the SEC has formally requested an extension for its principal brief deadline, pushing it to January 15, 2025. Attorney Fred Rispoli pointed out that the SEC frequently seeks extensions not solely to delay proceedings, but because they are stretched thin with …
Ripple has submitted its civil appeal pre-argument statement, commonly referred to as Form C. One key question on everyone’s mind is whether an investment contract under Section Five of the Securities Act of 1993 must include essential elements that impose ongoing obligations on the seller and allow the buyer to demand profits from the seller’s …
Denmark is considering taxing unrealized gains on crypto assets to minimize the difference in tax treatment between digital assets and traditional asset holders. Denmark Eyes Taxing Unrealized Crypto Profits The Danish Tax Law Council has released an exhaustive 93-page report outlining several recommendations regarding digital asset tax treatment. Related Reading: Saxo Bank Forced To Sell […]
Ripple CEO Brad Garlinghouse recently addressed the buzz surrounding a potential initial public offering (IPO) for the company. In an interview on the Thinking Crypto podcast, he made it clear that going public isn’t a top priority right now. “An IPO has not been a high priority for us,” he stated, emphasizing that Ripple’s current …
Just before the deadline, blockchain company Ripple submitted Form C for its cross-appeal in the ongoing XRP lawsuit against the U.S. Securities and Exchange Commission (SEC). Attorney Bill Morgan expressed frustration over the SEC’s actions, suggesting that their appeal could be more about delaying the process than about confidence in their case. He said that …
The Dutch government is seeking public feedback on proposed laws aimed at aligning its crypto tax monitoring rules with EU regulations to enhance transparency. These laws would require crypto service providers, such as exchanges, to collect and share user data with the tax authority, thereby preventing tax avoidance. The Ministry of Finance emphasized that existing …
Recently Ripple has officially filed an appeal in its long-running legal showdown with the U.S. SEC, taking the case into a crucial phase. Attorney Jeremy Hogan, a key figure following the case, highlighted Ripple’s four main arguments, which could impact not just Ripple but the entire crypto industry. The appeal comes after the SEC challenged …
Thailand’s crypto market is transitioning from retail to institutional investment, according to Binance Thailand’s CEO, Nirun Fuwattananukul. Recent regulatory moves by the Thai SEC aim to mature the industry, allowing institutional-grade funds to invest in crypto products like U.S.-based spot ETFs. Fuwattananukul views this as crucial for Thailand’s fintech ambitions, fostering a balanced ecosystem for …
On Thursday, the United States Securities and Exchange Commission (SEC) filed with the US Court of Appeals for the Second Circuit to request an extension for the deadline for filing its principle brief by January 15, 2025. The filing was revealed by James K Filan, a defense lawyer and former federal prosecutor, through an X …
Vietnam is setting things in motion to become a blockchain leader in Southeast Asia. The Deputy Prime Minister of the country Ho Duc Phoc recently approved the National Blockchain Strategy. It lays out an ambitious plan that stretches to 2030. The strategy includes boosting research, education and infrastructure around blockchain technology. So, what’s in store …
Ripple’s Chief Legal Officer, Stuart Alderoty, recently reaffirmed that XRP is not a security, a point that continues to stir debate despite a clear court ruling. In July 2023, Judge Analisa Torres ruled that XRP, when traded on secondary markets, is not classified as a security. While the U.S. SEC is appealing certain aspects of …
Italian Deputy Economy Minister Maurizio Leo announced today that Italy is considering raising the capital gains tax on Bitcoin (BTC) and other crypto assets from 26% to 42%. Italy Weighs Higher Bitcoin Capital Gains Tax At a news conference on October 16, 2024, Leo stated that the Giorgia Meloni administration is contemplating a significant increase in […]
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation.
The SEC may have jeopardized its case against Ripple by missing a critical deadline to file its appeal. After announcing its intent to appeal on October 2, the regulator had 14 days to submit Forms C and D detailing its objections to Judge Analisa Torres’s August 7 ruling. However, as of October 16, the SEC …
Italy has sent shockwaves to the crypto space by announcing its plan to raise tax on Bitcoin. This information was delivered during the conference for budget 2025. The Italian government has shared its plan to increase capital gain tax on Bitcoin. Let’s dive deeper to understand what exactly they are planning and when it will …
Ahead of the early November United States elections, incumbent Democratic Senator for Massachusetts Elizabeth Warren and her Republican challenger John Deaton, met in Boston for the first senatorial debate on Tuesday, October 15. The two candidates discussed for over an hour different issues ranging from crypto market regulations, housing inflation, abortion rights, and healthcare matters, …
Singaporean cryptocurrency exchange Fairdesk has unveiled plans to wind down its operations in the coming month. This move comes as a surprise, as there had been no prior indications of difficulties facing the platform. However, it aligns with a broader trend of exchanges shutting down amid increasingly strict crypto regulations imposed by national authorities. Related […]
According to a Bloomberg report, a recent survey found that almost half of the traditional hedge funds have some exposure to cryptocurrencies, with the degree of exposure expected to increase by year-end. Traditional Hedge Funds Venturing Into Crypto A survey conducted by the Alternative Investment Management Association (AIMA) and PwC revealed that 47% of traditional […]
After suffering bearish sentiment in the recent past, Bitcoin (BTC) price has received a much-needed boost announcement from the defunct crypto exchange Mt.Gox. According to the announcement from the rehabilitation trustee, Nobuaki Kobayashi, Mt.Gox has largely completed the base repayments for its creditors who completed the necessary procedures. However, the rehabilitation trustee noted that a …
Argentina has now become the top user of cryptocurrencies in Latin America, overtaking Brazil, according to Chainalysis data from June 2023 to June 2024. The report reveals that Argentina’s crypto transactions reached around $91.1 billion, slightly surpassing Brazil’s $90.3 billion. Meanwhile, Stablecoins dominate the crypto scene in Argentina, making up 61.8% of all transactions. This …
South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
The US Department of Justice and Securities and Exchange Commission are actually supporting a class-action lawsuit against Nvidia. The company allegedly misled investors as it tried to explain spiking revenue in 2017-2018 by including crypto mining. Both agencies claim that the leadership at Nvidia, among them chief executive Jensen Huang, knew of the contribution to …