Companies operating in Japan may soon enjoy relief from taxes on unrealized cryptocurrency gains, as the country’s ruling coalition explores a proposal to exempt digital assets held by corporations. This move aims to retain startups and businesses, preventing them from opting for tax-friendly locations like Singapore and Dubai over Tokyo. Under the proposed tax law […]
Introduction: In a groundbreaking development, India has claimed the top spot in the ‘2023 Global Crypto Adoption Index,’ following the G20 summit hosted in the country. This index, created by Chainalysis, assesses and identifies nations where citizens actively adopt and invest a significant portion of their wealth in cryptocurrencies. Understanding the Crypto Adoption Index: The […]
HashKey Exchange, operating in Hong Kong’s regulated crypto market, experienced a significant spike in daily trading volumes, reaching approximately $4.5 billion. The surge was linked to the company’s HSK rewards campaigns, where users could earn HSK tokens or EcoPoints. While some speculated about potential wash trading, HashKey emphasized adherence to regulatory standards and denied any […]
Summary: In a recent development, the individuals behind the $8.5 million hack of Platypus Finance in February 2023 have been cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not constitute fraud. The defendants, identified as Mohammed and Benamar M., were arrested a week […]
United States District Judge Robert Shelby has issued a strong warning to Securities and Exchange Commission (SEC) lawyers, indicating potential sanctions for alleged deceptive statements in a legal case against Digital Licensing Inc., also known as DEBT Box, a prominent cryptocurrency company. The SEC had filed a lawsuit against DEBT Box in a federal court […]
In a notable trend, Australians are increasingly turning to cryptocurrency for their retirement planning, with self-managed retirement funds experiencing a remarkable 400% surge in cryptocurrency allocations over the past four years. This growth has outpaced traditional stocks and bonds, according to recent statistics released by the Australian Tax Office (ATO) on November 26. As of […]
El Salvador’s President Nayib Bukele, known for championing the recognition of Bitcoin as legal tender, has stepped down to focus on his 2024 re-election bid. The move, approved by the Legislative Assembly, led to the appointment of Acting President Claudia Rodríguez de Guevara, the country’s first female head of state, who is set to serve […]
The hacker responsible for the $46 million KyberSwap exploit has outlined their conditions for returning the stolen funds, and it involves gaining “complete executive control” over Kyber company. In an on-chain message on November 30, the hacker detailed their demands, which include temporary full authority and ownership of KyberDAO, all company-related documents, and both on-chain […]
Google DeepMind’s artificial intelligence (AI) has achieved a significant milestone by predicting the structures of more than 2 million novel chemical materials, presenting potential advancements in real-world technologies. The findings were detailed in a paper published in the Nature Journal on November 29. The AI, developed by DeepMind, utilized data from the Materials Project, an […]
Renowned crypto expert Michael Novogratz, founder of digital asset management company Galaxy Digital, is optimistic about the future of assets like gold and Bitcoin (BTC) due to anticipated shifts in the United States Federal Reserve’s policies. In a recent Bloomberg interview, Novogratz expressed confidence in these assets, predicting that the Fed’s move towards less aggressive […]