Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of Tax Rules for Investments in Digital Assets Thailand-based companies that issue digital tokens for…
Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead? On the daily chart, the DOGE/BTC pair reached 331 sats, up 4.75% compared to the previous day’s low of 316 sats. The bounce occurred around a multi-month…
On-chain data points to massive liquidations from the bankrupt crypto exchange Voyager. On March 9, the exchange reportedly liquidated $56 million in Ethereum (ETH), Voyager Token (VGT), Shiba Inu (SHIB), and Chainlink (LINK). According to on-chain analytics firm Arkham Intelligence, Voyager has sold crypto assets worth $358.5 million in the last six weeks, selling their ERC-20 assets on Binance.US, Coinbase,…
There’s more pain for Bitcoin (BTC) investors as the price of the leading cryptocurrency crashed below $20,000 on Friday. At the time of this writing, Bitcoin is down 8.3% over the day, trading at $19,900 the level last seen on January 13, according to Coingecko. Ethereum (ETH) is following a similar pattern as the price of the world’s second-largest cryptocurrency…
Amid Coinbase (COIN) stock tumbling about 8% on Thursday, Cathie Wood’s investment manager ARK Invest has bought the biggest amount of the stock since the start of 2023. On March 9, ARK purchased 301,437 Coinbase shares ($17.5 million) for its ARK Innovation exchange-traded fund, known as ARKK, according to an investor notification seen by Cointelegraph. The company has also bought…
Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.” Source: https://cointelegraph.com/public/index.php/news/i-anti-endorse-these-projects-buterin-s-shitcoin-war-sees-him-sent-another-250k
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Source: https://cointelegraph.com/public/index.php/news/bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse
A federal judge in Florida, United States, is considering dismissing NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit, pointing out that it’s unclear whether the two have been served. In a paperless order, U.S. District Judge K. Michael Moore reportedly told the plaintiffs to provide cause on why O’Neal and Osaka shouldn’t be dismissed from…
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital version of the Iranian national…
Meta, the parent company of Facebook and Instagram, is reportedly creating a separate text-based content app that will support ActivityPub. ActivityPub is a decentralized social networking protocol that powers Mastodon and other decentralized apps that compete with Twitter. The upcoming app is codenamed P92 and will allow users to log in with their existing Instagram credentials, according to a report…
