The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help in this task, and it is scheduled to be […] Source: https://news.bitcoin.com/south-korea-preparing-tax-system-to-avoid-cryptocurrency-tax-evasion/
Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency market. Approving Spot Ethereum ETFs Ahead the U.S. Players in […] Source: https://news.bitcoin.com/crypto-industry-players-in-hong-kong-call-for-swift-approval-of-bitcoin-etfs/
President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization as a legal tender in the country. ‘El Salvador Is Bitcoin Country’ El […] Source: https://news.bitcoin.com/el-salvador-has-more-bitcoin-than-public-estimates-with-multiple-btc-revenue-sources-president-bukele-indicates/
Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest bubble in history will wipe out baby boomers, emphasizing that the stock market is set to crash. “Time to get real is now,” he stressed, urging investors to buy “real assets” like gold, silver, and bitcoin “before the biggest bubble in history goes […] Source: https://news.bitcoin.com/robert-kiyosaki-warns-biggest-bubble-in-history-will-crush-boomers-advises-buying-real-assets-like-bitcoin/
Music superstar Drake has over 146 million followers on Instagram, and on Tuesday, those fans were treated to an education on Bitcoin from MicroStrategy co-founder Michael Saylor. The clip was taken from an interview Saylor did with CNBC’s Andrew Ross Sorkin yesterday. “Michael Saylor on Bitcoin,” Drake’s caption said. A known fan of Bitcoin, Drake previously posted an image of…
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM). IBIT’s Bitcoin Holdings Continue to Grow Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s largest […] Source: https://news.bitcoin.com/blackrocks-spot-bitcoin-etf-holdings-near-204k-btc-as-demand-soars/
Gemini, the generative AI chatbot from Google, will refuse to answer questions about the upcoming U.S. elections. The tech giant said on Tuesday that it was extending a restriction from an earlier experiment surrounding elections in India, with Reuters reporting that the ban will extend globally. Heading into a heated 2024 election season, AI developers like OpenAI, Anthropic, and Google…
A rush of user activity on the Solana blockchain network is bringing with it some considerable challenges. Among them is chain congestion so great that it has prompted stakeholders within the blockchain ecosystem to consider major changes to the network’s operations. At the same time, a significant increase in DeFi activity has given way to malicious actors who seek to exploit…
Bullish predictions are sweeping the crypto market as analysts anticipate another massive upswing for Bitcoin (BTC) soon. Wall Street giant AllianceBernstein recently projected that BTC could skyrocket to $150,000 per coin by 2025. Meanwhile, the eco-friendly Green Bitcoin (GBTC) presale project is also generating buzz, with traders forecasting substantial gains once listed on exchanges. Wall […] Source: https://news.bitcoin.com/analyst-predicts-bitcoin-will-hit-150000-by-2025-as-green-bitcoin-is-backed-to-explode/
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against SEC’s Crypto Regulation Approach Coinbase’s legal action underscores the ongoing tension between the […] Source: https://news.bitcoin.com/coinbase-files-legal-challenge-against-sec-for-crypto-regulation-clarity/
