The 16th annual BRICS Summit in Kazan, Russia, has seen a renewed focus on de-dollarization. Leaders from Russia, China, and Iran have stressed the need for new digital platforms to reduce reliance on the US dollar in international transactions. Key Points: BRICS Pay: The proposed payment solution based on blockchain technology and CBDCs is central … Read more
In today’s digital landscape, the security of your crypto assets is paramount. With the increasing prevalence of cybercrimes targeting crypto investors, it’s imperative to take proactive measures to safeguard your funds. A Virtual Private Network (VPN) is a crucial tool in your crypto security arsenal. How a VPN Works A VPN encrypts your internet traffic, … Read more
Denmark’s Tax Law Council has proposed a new bill that could introduce a tax on unrealized gains and losses on crypto assets held by Danish investors. The council’s 93-page report recommends three potential models for taxing crypto assets: capital gains tax, warehouse taxation, and inventory taxation. The report favors inventory taxation, which would treat an … Read more
The South Korean cryptocurrency market has been plagued by high delisting rates, posing significant risks to investors. Over the past seven years, 34.9% of cryptocurrencies listed on South Korean exchanges have been delisted, with half surviving less than two years. The Delisting Dilemma: While initial listings often lead to short-term price surges, the long-term prospects … Read more
Despite global markets embracing crypto exchange-traded funds (ETFs), Japan remains cautious. The country, once seen as a crypto pioneer, has faced regulatory hurdles, primarily due to the scars of past scandals like Mt. Gox. The Mt. Gox Hangover: The collapse of Mt. Gox in 2014, wiping out millions in Bitcoin, left a deep imprint on … Read more
In recent discussions, regulatory officials have highlighted the challenges arising from the lack of a comprehensive regulatory framework to oversee cryptocurrencies. As a response, a new report indicates that the US Congress may implement a permanent solution to these issues before the end of the year. Lawmakers are actively working to pass significant crypto regulation … Read more
The cryptocurrency industry recently celebrated a significant milestone from its pseudonymous creator, Satoshi Nakamoto, marking an important moment in its evolution. However, SEC Chair Gary Gensler tempered the enthusiasm by reiterating the commission’s firm regulatory stance. He emphasized the agency’s commitment to its “regulation by enforcement” approach, which aims to protect investors and promote transparency … Read more
Ethereum (ETH) has witnessed a significant surge in active addresses, outpacing other leading blockchains like Solana and Binance Coin. This increase in network usage, despite a recent price decline, suggests a positive outlook for Ethereum’s future. Key Points: Ethereum’s active addresses have reached a new high of over 5 million. This surge outperforms other top … Read more
Russia is set to tighten its grip on crypto exchanges as regulators seek to bring the industry under stricter control. The Financial Action Task Force (FATF) compliance is a key driver behind these regulatory efforts. Dmitry Kirillov, an educator at the Moscow Digital School, believes that regulating crypto exchanges is the next logical step for … Read more
Crypto lending rates on Bitfinex have skyrocketed to a staggering 30% APR, nearly triple the exchange’s average. This surge suggests that large spot traders are heavily increasing their positions, brimming with confidence in significant price increases. This isn’t the first time lending rates have hinted at a bull market. Historically, 30% APR has been a … Read more