According to Japan’s tax authorities, while the total number of tax violations through cryptocurrencies has risen in the country, the average value of undeclared income in crypto fell by 19%. On Nov. 24, the Japanese National Tax Agency (NTA) released its yearly summary of tax investigations. The 13-page document also contains data on the probe into crypto tax evasion. Related:…
Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to…
The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it’s entered a property transfer agreement with Turis AB to take over the property of a data center previously constructed as a part of the EU…
Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a strong supporter of the Bitcoin…
Antoine Riard, who left the Lightning Network in October, argues it is also at risk of becoming increasingly centralized and susceptible to single points of fai… Source: https://cointelegraph.com/app/public/index.php/news/lightning-developers-wake-up-fix-replacement-cycling-bitcoin-dev
A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes. On Nov. 27, NFT collector ‘Crumz’ detailed his run-in with a scammer posing as a Forbes journalist. He reported that someone pretending to…
The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.” On Nov. 26, the 18 countries released a 20-page document outlining how AI firms should handle their cybersecurity when developing or using AI models, as they claimed “security…
“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer. Source: https://cointelegraph.com/app/public/index.php/news/inferno-drainer-shut-down-after-stealing-millions-crypto-wallet-scam-kit
Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan. Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of USDC into Japan. Circle and SBI Holdings are joining…
Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT). In a later post on X (Twitter), Justin…
