Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflow. Source: https://cointelegraph.com/news/altcoin-bloodbath-token-prices-fall-double-digits
Month: June 2024
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset […] Source: https://news.bitcoin.com/zimbabwean-regulators-develop-framework-for-virtual-assets-trading/
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […] Source: https://news.bitcoin.com/korean-exchanges-set-to-reevaluate-over-600-listed-virtual-assets/
Drake Just Lost $500,000 in Bitcoin Betting on the NBA Finals
Prominent rapper Drake frequently shows off his lavish lifestyle on Instagram, and that includes his massive Bitcoin bets on sporting events via Stake, his partnered betting platform. But his wager on the outcome of the NBA Finals just went sour—and he could stand to lose just as much on Tuesday, too. As shared in a screenshot on Instagram on June…
Bitcoin, Ethereum Prices Dive as Crypto Liquidations Near $500 Million
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 As the prices for Bitcoin, Ethereum, and other cryptocurrencies stayed in the red late Monday, investors saw nearly half a billion dollars in positions liquidated in…
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government […] Source: https://news.bitcoin.com/tanzania-targets-crypto-traders-with-proposed-income-tax-act-amendment/
Trump token dumps 31% despite doubts he’s behind the DJT token
Trump hasn’t confirmed or denied ties to the DJT token but a blockchain analytics firm and industry leaders raised doubt that it was launched by Trump’s team. Source: https://cointelegraph.com/news/maga-trump-token-falls-31-percent-rumors-trump-launched-memecoin
TikTok could soon be flooded with AI avatars in ads
TikTok’s new tools include AI-powered digital avatars that brands can dub over and use to sell their products in multiple languages. Source: https://cointelegraph.com/news/tiktok-launches-ai-avatars-advertising-tools
Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’
Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the […] Source: https://news.bitcoin.com/wasabi-wallet-lead-developer-bitcoin-developers-are-failing-el-salvador/
Licensing Questions Plague Stability AI as SD3 Image Generator Gets Banned
Stability AI’s release of its latest major model, Stable Diffusion 3 (SD3), is facing significant backlash from the AI community due to its restrictive licensing terms, a growing controversy that prompted a major Stable Diffusion community hub to ban SD3-related work on Monday. SD3 users are concerned about the potential implications of the SD3 license terms on future model development…