Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with fluctuating exchange rates, instead of categorizing them as goods. Brazil to Change Cryptocurrency Taxation […] Source: https://news.bitcoin.com/brazil-eyes-crypto-taxation-changes-in-new-bill/
The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding bitcoin and cryptocurrencies. ‘We Do Not Think It Is an […] Source: https://news.bitcoin.com/goldman-sachs-wealth-management-cio-crypto-is-not-an-investment-asset-class/
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A month after the Bitcoin Ordinals collection, Runestone, airdropped tokens to eligible wallets, a Dogecoin Ordinals project hosted its own airdrop this week in honor of…
Ripple’s Chief Legal Officer, Stuart Alderoty, has delivered a scathing critique of Gurbir Grewal, the Director of Enforcement at the Securities and Exchange Commission (SEC), regarding comments made about the compliance efforts within the crypto industry. During a recent SEC event, Grewal suggested that the burgeoning crypto sector was employing various tactics to circumvent regulatory oversight, such as relocating or…
Oppenheimer, a New York-based financial firm, has revised Coinbase’s share price target to $276, marking a notable increase from the previous target of $200, while maintaining its buy rating. The new price target of $276 represents a roughly 10% surge from Wednesday’s closing share price of Coinbase, which stood at $251.58. Owen Lau, Executive Director at Oppenheimer, highlighted the ongoing…
PayPal has unveiled a new service allowing its U.S. clients to conduct cross-border money transfers utilizing the company’s PYUSD stablecoin. Commencing Thursday, users of the company’s international payments service, Xoom, based in the U.S., can convert PYUSD to USD and subsequently send funds to “recipients in approximately 160 countries” without incurring transaction fees, PayPal stated. Silicon Valley-based payments behemoth PayPal…
Bitcoin Cash witnessed a significant surge, jumping over 10% in value after the completion of its blockchain’s halving process. The digital currency has been steadily climbing since the beginning of the year, with a notable 23% increase over the past week and an impressive 43% surge in the last month, as reported by CryptoSlate. At the time of reporting, BCH…
Ethena Labs has announced the addition of bitcoin as a backing asset for its USDe synthetic dollar, tapping into the growing enthusiasm for the world’s oldest digital asset among traders. The decentralized finance (DeFi) protocol stated in a series of updates that anchoring USDe with Bitcoin will facilitate significant scalability, multiplying its capacity by more than 2.5 times and enhancing…
Coinbase has announced securing a restricted dealer license in Canada, marking a significant milestone for the U.S.-based exchange. This makes Coinbase the first and largest international cryptocurrency exchange to be registered in the country. Having officially launched in Canada nearly eight months ago, Coinbase’s latest announcement of securing registration as a restricted dealer underscores its commitment to expanding its presence…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Payment company PayPal today announced that customers in the U.S. can now use its stablecoin to fund international payments. In a Thursday press release, the company…
