Litecoin has issued a statement arguing that the era of truly decentralized, fairly-launched, proof-of-work cryptocurrencies like Bitcoin and itself is over. The statement suggests that new projects attempting to replicate this model would face significant challenges and risks of being centralized or compromised. This warning follows a recent 51% attack on Monero, where a single … Read more
Tax officials in Jeju City, South Korea, have reportedly begun freezing and seizing cryptocurrencies from individuals who have not paid their taxes. This action is part of a larger investigation into over 2,900 individuals who collectively owe 19.7 billion won ($14.2 million) in back taxes. By analyzing data from major South Korean exchanges like Bithumb, … Read more
Cardano (ADA) has seen a notable price increase of over 17% in a few days, outperforming major cryptocurrencies like Bitcoin and Ethereum. This surge is largely driven by the news of a Grayscale Cardano Trust ETF being registered in Delaware, a development that has captured the attention of institutional investors and traders. An ETF provides … Read more
Thailand is rolling out a new initiative called TouristDigiPay, allowing foreign visitors to use cryptocurrencies for payments in Thai baht. The program, announced by the government, aims to revitalize the country’s tourism sector, which has seen a slowdown. The full details of the initiative will be revealed at a press conference by Finance Minister Pichai … Read more
India’s top tax body, the Central Board of Direct Taxes (CBDT), is consulting with local cryptocurrency firms to address the country’s current digital asset policies. The CBDT is questioning whether the existing 1% tax-deducted-at-source (TDS) on every sale is too high and has also inquired about the impact of the 30% flat tax on market … Read more
The crypto market is seeing a major influx of liquidity, with the total stablecoin supply on the Ethereum (ETH) network reaching an all-time high of approximately $130 billion. This surge, which has been trending upward since August 2023, is being driven by several factors, including recent legislative clarity from the U.S. Congress with the passing … Read more
Chainlink’s native token, LINK, recently experienced a significant 18% price jump, outperforming most top cryptocurrencies and reaching $26.05. This rally is being fueled by a combination of strong market momentum and key fundamental developments, leading many analysts to see it as a top performer with further potential. Key Drivers Behind the Rally Positive Market Sentiment: … Read more
Recent market volatility has seen the total crypto market cap drop by approximately $220 billion since August 14, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant outflows. While Bitcoin’s market cap loss was larger in dollar terms, Ethereum took a harder hit in percentage terms, dropping 8% compared to Bitcoin’s 5%. This indicates that Ethereum … Read more
Binance and Mastercard have partnered to launch a new service in the European Economic Area (EEA) that allows users to instantly convert their cryptocurrencies into euros and withdraw the funds directly to a Mastercard. This innovative service, powered by Mastercard Move, drastically simplifies and speeds up the process of accessing crypto funds. The new feature … Read more
Malaysia has established itself as a crypto-friendly nation, navigating a unique path where digital assets are legally recognized as securities but not as a form of legal tender. The country’s regulatory bodies, including the Securities Commission Malaysia (SCM) and Bank Negara Malaysia (BNM), are actively working to build a robust framework to oversee the crypto … Read more