General category for all types of news related to the cryptocurrency world.
ASIC alerts investors: NGS Crypto rebrands to Hiddup amid investigation. Federal Court approves receivers for $41M owed to investors. This move highlights the need for transparency and stringent crypto regulations in Australia. #CryptoRegulation
IRS and Treasury finalize new crypto tax rules, requiring trading platforms to report customer gains/losses, expected to boost IRS revenue by $28B in 10 years. Decentralized brokers excluded, highlighting regulatory challenges. Key for financial institutions navigating digital assets. #CryptoTax #IRS #Update
The Senate bill on the calendar could sanction foreign digital asset facilitators, impacting DeFi protocols like @AaveAave and @Uniswap. The bill, with a broad definition, aims to boost oversight without banning major protocols. #crypto #Update
The IRS and Treasury have finalized crypto tax rules, benefiting investors and potentially increasing IRS revenue by $28B over 10 years. These clear guidelines aid accurate tax filings, though decentralized brokers remain uncovered. #CryptoTax #Update
IRS and Treasury finalize new crypto tax rules. Centralized brokers like @Coinbase must report gains/losses, potentially boosting IRS tax income by $28B over a decade. #Cryptocurrency #TaxLaw
CoinEx repurchased and burned $3.16M in CET tokens in Q2 2024, cutting supply by 49.6M tokens to boost market value and stability. CET holders benefit from fee discounts and VIP status. CoinEx allocates 20% of daily commissions to repurchases. #Update #CryptoNews
MANTRA’s OM token surged 11% to $0.89 after a $500M real estate tokenization partnership with UAE’s MAG Group Holding. OM continues to outperform top 100 cryptocurrencies. Could reach a new ATH if bullish trends persist. #Update $OM
The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant to boost Polkadot’s gaming sector. Dot Play will develop a platform with essential tools for game developers. #Polkadot #Web3 #Updates
The National Bank of Ukraine is considering limits on bank card P2P transactions, capping them at 30 per month and 100,000 UAH. This move, detailed by Deputy Chairperson Rozhkova, aims to regulate financial transactions, impacting the crypto sector’s liquidity and freedom. #FinancialRegulation
On July 4, 2024, minor capital movements were detected in wallets linked to the bankrupt Mt. Gox exchange, hinting at impending repayments to creditors in Bitcoin and Bitcoin Cash. Analysts worry this may pressure the market, potentially driving $BTC prices down. #Update
Standard Chartered projects the tokenized asset market to hit $30.1T by 2034. 69% of buy-side firms plan to invest by 2024, driven by lower costs and efficiency. #Finance #Blockchain
Bitcoin Core developers, led by Antoine Poinsot, introduced a new policy for disclosing critical vulnerabilities, enhancing transparency and bug detection. Ten vulnerabilities affecting versions up to 0.21.0 were disclosed. This proactive stance boosts long-term security for the Bitcoin network. #Bitcoin #Crypto
South Korea’s Financial Supervisory Service (@FSS) launches a system to monitor abnormal crypto trades from July 19. Exchanges like @UpbitGlobal and @BithumbOfficial must share data and adhere to new guidelines aiming to enhance transparency. #CryptoRegulation
HONEY, the token of Solana-based @Hivemapper, surged 43% to $0.08141 despite a broader crypto slump. HONEY’s market cap rose 56% to $161.9M. #Crypto #Updates
