Crypto

Binance founder Changpeng “CZ” Zhao has seen his wealth balloon just as much as he pleaded guilty to recent U.S. criminal charges and abandoned the CEO position at the cryptocurrency exchange. According to the Bloomberg Billionaires Index, Zhao’s wealth ballooned by over $23 billion in 2023, positioning him as one of the top gainers among […]

The U.S. Securities and Exchange Commission (SEC) is facing criticism from influential figures in the finance and crypto sectors over its approach to crypto exchange-traded funds (ETFs). Even though the market has been growing more optimistic, the demand from investors for a Bitcoin tracking ETF amid its rally this year has yet to result in […]

Cardano (ADA) has become a leader in the smart contract platform, leaving behind other competitors such as Polkadot (DOT) and Kusama (KSM). According to Santiment, now it has emerged foremost across the crypto space. In Santiment’s ranking, Cardano was first with the highest developer engagement, which makes it more desirable than others with its strong […]

South Korea’s personnel ministry announced on Dec. 27 that high-ranking public officials will be required to disclose their crypto holdings. This new measure, which starts next year, is part of an effort to enhance transparency and accountability within the public sector. According to an announcement, the property details — including cryptocurrencies — of about 5,800 […]

Business intelligence firm MicroStrategy has once again bolstered its Bitcoin (BTC) holdings, adding 14,620 BTC to its portfolio between November 20 and December 26. The purchase, valued at $615.7 million in cash, was officially disclosed in MicroStrategy’s 8-K filing with the U.S. Securities and Exchange Commission. MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 […]

Kyber Network, as a decentralized finance (DeFi) protocol, suffered a major setback on November 24, losing a substantial US $48.8 million in an exploit—an amount not seen since the previous year’s first half. It is one of their regrettable cuts ever again! Their workforce, the announcement of the difficult move made by CEO Victor Tran […]

Polygon (MATIC) has emerged as a standout performer in a crypto market marred by strong selling pressure, experiencing an impressive surge of nearly 22% in the daily chart. The digital asset is currently trading at $1.09, signalling a bullish momentum that has captivated the attention of investors worldwide. According to the latest data from CoinMarketCap, […]

The Japanese government approved the tax reform outline for fiscal 2024 at a cabinet meeting on the 22nd. This revision aims to eliminate the mark-to-market period-end valuation tax imposed on corporations. The tax targets those holding crypto assets (virtual currency) issued by third parties. The Japanese Cabinet meeting approved the tax reform outline for fiscal […]

The Japanese government has approved a tax reform that will provide favorable conditions for companies holding cryptocurrencies. An amendment to fiscal 2024 taxation laws will exempt companies from paying tax on “unrealized gains” on third-party digital tokens like Bitcoin (BTC). According to local reports, Japan’s government disclosed the new tax reform on December 22 following […]