In a recent strategic move, the People Power Party (PPP) in South Korea has proposed a further two-year delay in the implementation of crypto taxation ahead of the upcoming general elections. This decision has sparked a discussion about the implications of pushing back taxation on virtual assets to January 2025. The PPP’s decision to explore
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In a recent announcement, popular cryptocurrency exchange Binance revealed its decision to discontinue trading and subscription services for its leveraged token offerings. This move, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and Binance Coin (BNB). Binance will be delisting leveraged tokens including BTCUP, BTCDOWN, ETHUP, ETHDOWN, and BNBUP,
The Bitcoin open interest has been steadily increasing in recent weeks, coinciding with a continuous climb in the price of the cryptocurrency. This surge in open interest reflects a growing interest in Bitcoin, especially after the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The open interest in BTC has
In recent times, the cryptocurrency market has seen a surge in popularity, with record inflows into crypto investment products. According to CoinShares, these products received just under $2.5 billion in inflows last week, bringing the yearly total to $5.2 billion. This influx of capital has primarily been driven by the approval of spot Bitcoin ETFs,
NEAR Protocol has been on a steady upward trajectory since the beginning of the year, with the latest market data showing a significant increase of almost 30% bi-weekly. This surge in value is a clear indicator that investors are increasingly showing enthusiasm towards the recent advancements in the broader market and the innovative developments within
The Virginia Senate Committee recently proposed an annual fund allocation of $39,240 to support two newly formed commissions centered around artificial intelligence (AI) and cryptocurrency. This decision came after a recommendation was put forward by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee on February 18. The allocated funds, which total over $23.6 million
In the recent days, Bitcoin has shown remarkable performance in the market, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has managed to maintain its position above $51,000. However, a leading crypto analyst has raised concerns about a potential bearish trend in the near future. Prominent crypto
The recent approval of Bitcoin ETFs has sparked excitement among investors eager to capitalize on potential bullish price movements. However, the introduction of these instruments also brings forth a new set of challenges for the industry. Instead of holding actual bitcoins, investors will receive paper certificates, effectively introducing counterparty risk to a technology designed to
Recently, US prosecutors have taken a strong stance against Binance for its involvement in money laundering and sanctions violations. The plea deal put forth by prosecutors seeks to hold Binance accountable for its intentional misconduct. The hefty $4.3 billion penalty imposed on Binance is one of the largest in US history, reflecting the severity of
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant price surge recently, sparking interest among investors. The surge in price is attributed to an uptick in community sentiment, fueled by anticipation for a major update expected to be released at the Mobile World Congress in Barcelona. Currently, VeChain is trading at $0.048, representing a 24-hour