Crypto
Crypto Trading Goes VAT-free in Digital Competition
The Finance Ministry has announced an exemption of value-added tax (VAT) on digital asset trading to boost Thailand’s status as a digital asset hub. It’s another good sign that a country is taking the commitment to innovations seriously, building an enabling environment for the fast-growing cryptocurrency sector. Thailand has been conspicuously growing on the cryptocurrency […]
SEC Expands Regulations: Crypto Trading Faces New Rules
The Securities and Exchange Commission (SEC) recently issued new laws for market players with major liquidity-providing responsibilities, broadening its authority to include bitcoin transactions. According to these restrictions, persons dealing in crypto assets, securities, or government securities with more than $50 million holdings must follow federal securities laws. One of the main provisions of the […]
South Korea Arrests Three Haru Invest Executives for $826M Fraud
South Korean authorities have arrested three executives of troubled crypto yield platform Haru Invest for allegedly stealing 1.1 trillion won ($826 million) worth of crypto from around 16,000 customers, local news agency Yonhap reported on Feb. 6. The company’s CEO is reportedly among the three arrested by the Seoul Southern District Prosecutors’ Office’s Joint Investigation […]
Crypto Instructor Faces SEC Charges Over $1.2M AI Hedge Fund Scam
A crypto trading course instructor is facing charges from the United States securities regulator. The charges allege that the instructor misled 15 students into investing $1.2 million in a hedge fund that promised to generate large profits. He reportedly took the funds but failed to launch the investment fund despite his claims to use cutting-edge […]
Meta’s Metaverse Surges with Crypto Ads on Facebook and Instagram
Meta is actively exploring options for advertising in the cryptocurrency space, capitalizing on the current regulatory clarity within the crypto industry. Bitcoin ETFs are among the majority of funds that have seen significant inflows in the past 20 days, with the trend catching the eyes of giant players within the tech industry. The latest move […]
Coinbase Foresees Bitcoin Upswing: FTX Sell-Off Amid Fed’s Easing Signals
Coinbase analysts said downward pressure on Bitcoin has significantly diminished as the FTX bankruptcy estate finished selling off its large Grayscale Bitcoin Trust (GBTC) holdings. This development could support Bitcoin and other digital tokens in the second quarter 2024. The prospect of Fed monetary easing beginning in May and an end-to-balance sheet reduction in June […]
Coinbase and CEO Gear Up ‘War Chest’ to Support Pro-Crypto Politicians
Coinbase Global Inc. chief executive officer’s resurging affluence is buoying his rising influence as Armstrong put some of his fortune to work to help fund what he calls a “war chest” to support crypto-friendly politicians as the industry remains pressured by a US government crackdown that began last year. A $1 million donation to Fairshake […]
Circle Launches USDC Integration, Opening Doors to Mobile-First Finance
Circle USD-pegged stablecoin, USDC, will be launching natively on the Celo blockchain, as announced by the Celo Foundation. Integrating USDC minting directly on the Celo blockchain will expand the use cases for real-world assets on the network. It will also enhance the convertibility of USDC into fiat currencies. 1/ Native $USDC is coming to @Celo! […]
Binance Holds 43.7% Market Share Despite Regulatory Challenges
Binance maintained the largest centralized exchange (CEX), with a market share of 43.7%, according to data from CoinGecko. Spot trading volume on Binance soared to $427.1 billion in December 2023, a month-on-month (MoM) hike of 37.5% from the $310.6 billion recorded in November 2023. The research analyzed data from January 1, 2023, to December 31, 2023. It […]