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UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

[Oct 7 1:30 AM] The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must…

First Bitcoin Capital-Funded Company Registered in Argentina

[Jul 29 10:35 PM] A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a…

Over 93% of Bitcoin Mined Ahead of Fourth Halving, Signaling New Era of Scarcity

[Mar 18 8:30 AM] As of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will…

Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies

[Dec 25, 2023 3:30 AM] The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for…

Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion

[Jul 9, 2023 2:30 PM] A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive…

Crypto Companies in Japan Get Tax Relief Under Revised Rules

[Jun 26, 2023 2:30 AM] The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the…

Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements

[Jun 4, 2023 10:00 PM] Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working…

Russian Businesses Ask Putin to Help Legalize Crypto

[Jun 1, 2023 3:30 PM] A body representing the interests of Russian businesses has called on president Putin to help with crypto legalization. Their proposals, including on the use of cryptocurrencies in foreign trade settlements, have been included in a report to…

Bank of Russia Expects Significant Growth in Digital Assets Market

[May 20, 2023 4:30 AM] The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a report presenting the progress made by the growing industry and assessing the prospects for…

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

[May 11, 2023 5:30 AM] The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses…

Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner

[Feb 9, 2023 5:30 PM] The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as…

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

[Feb 9, 2023 11:30 AM] Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a…

Hive Ransomware Network Dismantled by American, European Law Enforcement

[Jan 27, 2023 3:30 PM] Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted…

Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts

[Jan 23, 2023 12:16 AM] Analysts from Moody’s and JPMorgan hailed the exchange for its strong reputation but said it wouldn’t be enough to solve its profitability woes.

Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position

[Dec 9, 2022 9:30 AM] In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the…

Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar

[Nov 12, 2022 9:00 AM] On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The…