A New Study From the Swedish Tech Company Divly has Found That Less Than 1% of Crypto Investors Paid Taxes on Their Crypto in 2022 However, as with any investment, taxes are an important consideration. The taxation of cryptocurrencies is a complex and evolving area, with different countries taking different approaches. The Global Crypto Tax […]
The Australian Securities and Investments Commission (ASIC) has Cancelled Binance Australia’s Derivatives License, Following a Request from Binance on April 5. Binance Australia, a subsidiary of the world’s largest crypto exchange by trading volume, will close all of its customers’ open derivatives positions by April 21. Binance’s spot crypto exchange in Australia will continue to […]
BTG Pactual recently launched a unique stablecoin that enables customers to “dollarize” their assets. A World First: BTG Dol BTG Pactual, the largest investment bank in Latin America, has launched the world’s first dollar-backed stablecoin issued by a bank, called BTG Dol. The stablecoin is available on the bank’s crypto platform Mynt, which also supports […]
Over the past two weeks, Binance has lost 16% of its global market share of trade volume following the decision to end its zero-fee trading program and a lawsuit by the CFTC. The exchange remains the largest in the world with a 54% dominance. However, the trend is different when looking at derivatives volumes. Binance […]
Dogecoin, a cryptocurrency that started as a meme, has been on a steady rise since Tesla CEO Elon Musk began to embrace the coin on Twitter. The price of DOGE tends to increase every time Musk tweets positively about it. Recently, Twitter updated its logo to that of Dogecoin, leading to a surge in the […]
US Senator Elizabeth Warren, known for her tough stance on Wall Street, has launched an anti-crypto re-election campaign. Warren has been a vocal critic of cryptocurrencies and their potential for illicit activities like money laundering and terrorism financing. In her latest campaign, she is targeting the crypto industry and calling for increased regulation and oversight. […]
Even though it is currently prosecuted in the US, Ripple is contributing to the creation of the digital euro as a member of a working group of global experts. Digital Euro Association working group The Digital Euro Association (DEA) has published a white paper discussing privacy concerns in Central Bank Digital Currencies (CBDCs). The document […]
The hacker might feel guilty about stealing almost $200 million from Euler Finance. Massive DeFi Exploit The hacker had taken almost $200 million from Euler Finance earlier this month. They used a flash loan to trick the DeFi lending protocol and steal Dai, wrapped Bitcoin, staked Ether, and USDC. Euler Finance offered the hacker $20 […]
The crypto firm’s CTO said that USDT is backed up by a solid amount of reserves. Making a Lot Of Profit Crypto firm Tether expects to make a $700 million profit in the March quarter, raising its total reserves to over $1 billion. Tether issues the USDT stablecoin, which is pegged one-to-one to the US […]
Shares of Jack Dorsey’s Block, a financial services and digital payments company have taken a hit following a critical report from Hindenburg Research. Details of the Report Hindenburg Research, a short-selling firm, released a report alleging that Block’s cryptocurrency business, Block, was “built on a foundation of quicksand.” The report accused Block of misleading investors […]
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