Hong Kong Proposes Crypto Tax Exemptions for Global Funds
Market analysts suggest that the proposed tax exemptions could enhance Hong Kong's appeal as an offshore financial center, encouraging liquidity inflows into the city.
Tag: Cryptocurrency
James Howells’ Lost $716M Bitcoin Case Deepens, Ex-Partner Reveals She Threw Away His Hard Drive
The hard drive, containing Bitcoin mined in 2009, ended up in a Newport landfill among 110,000 tons of waste. By the time Howells realized his mistake, Bitcoin’s value had surged, leaving the IT engineer determined to recover the lost fortune.
Bitget Wallet Launches Cutting-Edge Toolkit for Memecoin Trading Across Multiple Blockchains
The toolkit equips users to discover high-potential tokens, analyze critical data, and execute trades effectively across multiple chains.
Dubai Police Signs MoU with BitOasis to Strengthen Economic Crime Prevention
Brigadier Hareb Al Shamsi, Director of Criminal Investigation for Research and Investigation Affairs at Dubai Police, and Ola Doudin, CEO of BitOasis, signed the MoU during a formal ceremony attended by representatives from both sides.
Big Time Studios Launches $OL Token to Boost Open Loot Ecosystem
Unlike traditional fundraising mechanisms, $OL will not involve token sales, team allocations, or early investor distributions. Instead, active users will earn the token through platform activities, including gameplay challenges, events, and unique opportunities within partner games.
U.S. SEC Begins Reimbursing Investors in BitClave’s Unregistered ICO
The U.S. Securities and Exchange Commission (SEC) has initiated the reimbursement process for investors affected by the failed blockchain project…
The Bitcoin Reserve is Good, But it Does Not Solve The Problem, Says Think Tank Co-founder Avik Roy
Roy pointed out that while the concept of a Bitcoin reserve might offer strategic advantages, it falls short of solving the federal government’s ballooning debt problem, which has grown nearly exponentially since the 1980s.
India Advances Cross-Border Payment Systems and CBDC Development
RBI Governor Shaktikanta Das has expressed willingness to provide technical support to countries interested in setting unified international standards for cross-border payment systems. This aligns with India's efforts to promote interoperability and efficiency in global financial transactions.
Russia Approves Draft Amendments for Crypto Taxation Framework, Sets Mining Rules
Under the amendments, cryptocurrencies will be classified as property for tax purposes. Income generated from mining activities will be taxed based on the market value of the mined cryptocurrency at the time of receipt.
MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Fund Bitcoin Purchases
The notes, which mature on December 1, 2029, will not bear interest or accrete principal and will be convertible under specific conditions into cash, shares of MicroStrategy’s class A common stock, or a combination of both, at the company's discretion.
Robert F. Kennedy Jr. Reveals Major Bitcoin Investment, Advocates Policy Integration
Kennedy’s Bitcoin advocacy spans years, focusing on the cryptocurrency’s decentralized, supply-capped nature as a safeguard against economic instability.
DOG Meme Coin Soars 88% Amid Kraken Listing and Binance Rumors
This speculation comes on the heels of DOG’s recent listing on Kraken futures on November 15, which triggered a significant rally over the weekend.
Michael Saylor Dismisses Bitcoin Dip, Eyes $100K by Year-End
Saylor attributed part of his optimism to Donald Trump's election victory, which he believes has clarified the regulatory landscape for cryptocurrencies in the United States.
U.S. Military Embraces Generative AI, Anthropic Joins Forces with Palantir and AWS
Anthropic announced the partnership last week, stating that its generative AI models would empower defense agencies with rapid data processing and analysis tools.
18 States Sue SEC Chair, Gary Gensler Hints at Resignation
The lawsuit, led by Republican attorneys general, argues that Gensler's "regulation by enforcement" approach undermines states’ authority to regulate cryptocurrencies and stifles innovation.
Elon Musk’s $258B Dogecoin Lawsuit Dismissed as Investors Drop Appeal
The lawsuit, initiated in 2022, accused Musk and Tesla of engaging in a "pump and dump" scheme with Dogecoin, resulting in financial losses for investors.
Hashtag Web3 Releases a Collaborative Report on India’s Digital Currency
Drawing insights from over 30 industry experts and the Web3 community, the report sheds light on the potential of a Central Bank Digital Currency (CBDC) to revolutionize financial inclusion, digital payments, and economic growth.
KoinBX Hosts 2nd Chapter of its Web 3.0 Mixer: Founders x Investors x Developers
KoinBX, along with Aeternum, an eminent Web3 event company, hosted the 2nd chapter of Web 3.0 Mixer: Founders x Investors x Developers in Bangkok, along the sidelines of DevCon 2024
Delhi Police Arrests Suspect in $234M WazirX Crypto Hack
According to the chargesheet, the accused revealed during interrogation that he had been approached on Telegram by a buyer offering a payment for WazirX crypto accounts with credentials.
Bitwise Acquires Ethereum Staking Provider Attestant, Grows AUM to $10 Billion
Attestant, known for its institutional-grade Ethereum staking services, manages approximately $4 billion in staked assets. Its services cater to financial institutions, family offices, and high-net-worth individuals.
Wrapped Litecoin ($WLTC) Unlocks DeFi for Litecoin ($LTC) Holders
An ERC-20 token, $WLTC acts as a simple bridge between the Litecoin and Ethereum ecosystems. As the oldest surviving altcoin, Litecoin’s 13 years of uninterrupted network activity has earned it a reputation as one of the most trusted and active digital assets globally.
Bitcoin’s $88K Rally Sparks 26% MicroStrategy Surge, 20% Coinbase Jump
As Bitcoin reached a peak of $88,364 on Monday before a slight dip, both MicroStrategy and Coinbase demonstrated the increasing influence of the cryptocurrency market on traditional equities.
Crypto Market Cap Hits Historic $3 Trillion as Bitcoin Surges Past $86k
This recent growth underscores the sector's momentum, with Bitcoin’s market cap alone accounting for over $1.7 trillion (at the time of writing), representing a 55.7% dominance in the crypto market.
FTX Sues Binance and Former CEO Changpeng Zhao in $1.8B Recovery Push
According to FTX, this buyback, initiated by FTX’s then-CEO Sam Bankman-Fried (SBF), was financed with FTX’s native token, FTT, along with Binance’s tokens BNB and BUSD, despite FTX allegedly being insolvent at the time.