Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code which could see the tax rate for crypto assets lowered in 2025. Source: https://cointelegraph.com/news/japan-lower-crypto-taxes-2025-financial-services-agency-tax-overhaul?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Bitcoin's price shows 'no clear direction' amid active address decline
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst. Source: https://cointelegraph.com/news/bitcoin-price-no-clear-direction-active-address-metric-decline-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Scottish Court Sets Precedent With Crypto-to-Cash Confiscation
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […] Source: https://news.bitcoin.com/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/
Scammers have found a way to burn tokens from inside Solana wallets
Reports have emerged of users buying tokens and not seeing it show up in their wallet balances. Source: https://cointelegraph.com/news/new-solana-scam-burn-tokens-from-inside-sol-wallets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trader turns $5k into $670K on Ethereum pump.fun rival Ethervista
The protocol’s native VISTA token briefly soared to a value as high as $30 million, netting one trader some serious profit. Source: https://cointelegraph.com/news/ethervista-launch-token-trader-massive-profits-solana-pumpfun-rival?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cardano Founder Charles Hoskinson on Chang Hard Fork Achievements: ‘This Dwarfs Bitcoin’
Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […] Source: https://news.bitcoin.com/cardano-founder-charles-hoskinson-on-chang-hard-fork-achievements-this-dwarfs-bitcoin/
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […] Source: https://news.bitcoin.com/china-and-south-africa-boost-brics-ties-key-outcomes-from-xis-meeting-with-ramaphosa/
Lara and Tiffany Trump X accounts hacked, users warned not to click links
Scammers have taken over two accounts associated with presidential candidate Donald Trump’s family Source: https://cointelegraph.com/news/lara-tiffany-trump-x-accounts-hacked-world-liberty-financial-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Fed rate cut could push Bitcoin down 20%: Analysts
Bitfinex says it’s a “challenging time” for Bitcoin traders as the US Fed’s widely expected rate cut could lead to a drop in Bitcoin’s price and not a boost as hoped by the market. Source: https://cointelegraph.com/news/federal-reserve-rate-cut-bearish-bitcoin-price-bitfinex-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump’s Crypto Platform Hit by Scammers Promising $15,000 Giveaways
Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising $15,000 in cryptocurrency. Trump’s Crypto Platform Targeted by Scammers With Fake Giveaways Donald […] Source: https://news.bitcoin.com/trumps-crypto-platform-hit-by-scammers-promising-15000-giveaways/