Month: December 2024

Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations
Daily Crypto News

Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations

The leading US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) customers understand that USDC staking is concerning an end due to Markets in Crypto-Assets (MiCA) guidelines. “MICA is beginning -> > Sunsetting USDC…

Hong Kong prepares crypto tax exemptions for hedge funds and personal financiers
Daily Crypto News

Hong Kong prepares crypto tax exemptions for hedge funds and personal financiers

Guideline Home” Regulation” Hong Kong prepares crypto tax exemptions for hedge funds and personal financiers by Estefano Gomez Nov. 28, 2024 Hong Kong makes every effort to outmatch Singapore and Luxembourg as a monetary center by luring financiers through tax relief. Picture: Time Out Secret Takeaways Hong Kong prepares to exempt hedge funds and financiers…

SEC Accuses Touzi Capital of Defrauding 1,500 Investors in $115 Million Crypto Scheme
Daily Crypto News

SEC Accuses Touzi Capital of Defrauding 1,500 Investors in $115 Million Crypto Scheme

The United States Securities and Exchange Commission (SEC) has actually magnified its legal actions versus the crypto market, filing charges versus financial investment company Touzi Capital and its creator, Eng Taing. The SEC implicates the company of managing an over $100 million scams plan including unregistered securities and abused financier funds. SEC Files Charges Against…

Will Arbitrum reach $2.4?– Traders, keep an eye out for THESE levels!
Daily Crypto News

Will Arbitrum reach $2.4?– Traders, keep an eye out for THESE levels!

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Stablecoins Could Grow to 10% of U.S. Money Supply: Standard Chartered and Zodia Markets
Daily Crypto News

Stablecoins Could Grow to 10% of U.S. Money Supply: Standard Chartered and Zodia Markets

Stablecoins Could Grow to 10% of U.S. Money Supply: Standard Chartered and Zodia MarketsCross-border payments and FX-equivalent deals are crucial locations of development, the report stated. Nov 29, 2024, 9:01 a.m. Stablecoins might grow to 10% of the U.S. cash supply and forex deals once the sector ends up being more legitimized, Standard Chartered (STAN)…

Cardano Founder: Bitcoin To Rule DeFi World Within Three Years
Daily Crypto News

Cardano Founder: Bitcoin To Rule DeFi World Within Three Years

By Philip Maina 2 days agoSat Nov 30 2024 08:41:19 Checking out Time: 2 minutes Cardano creator thinks bitcoin DeFi will rule the DeFi area in 3 years Charles Hoskinson stated that Bitcoin has liquidity and is now scalable He likewise kept in mind that Bitcoin is getting more appeal and worth Cardano blockchain creator…

How the Tornado Cash judgment is a success for crypto
Daily Crypto News

How the Tornado Cash judgment is a success for crypto

How the Tornado Cash judgment is a success for crypto Matthew Niemerg · 18 hours ago · 3 minutes checked out A judgment that discovers immutable code falls outside the meaning of home is a sensible win for the market 3 minutes checked out Upgraded: Nov. 30, 2024 at 6:40 pm UTC Cover art/illustration through…

Stablecoins Remain 1% of United States Money Supply, FX Market however Experts Predict 10x Growth
Daily Crypto News

Stablecoins Remain 1% of United States Money Supply, FX Market however Experts Predict 10x Growth

With an existing market cap of less than $200 billion, stablecoins represent a small portion of international monetary deals– simply 1% of United States cash supply and forex operations. A joint report by Standard Chartered and Zodia Markets research study recommends considerable development capacity, with specialists forecasting growth to 10% of the United States cash…

Bitcoin Is Flying High– These Countries Are Considering a National Reserve
Daily Crypto News

Bitcoin Is Flying High– These Countries Are Considering a National Reserve

Some nations are mulling a nationwide Bitcoin reserve amidst a historical market run-up that has actually pressed the world’s biggest cryptocurrency to brand-new heights in current weeks. United States President-elect Donald Trump and his allies have actually consistently tossed their assistance behind an expense to equip the Federal Reserve with the possession, and will quickly…

Putin indications law acknowledging digital currencies as home, excusing crypto mining and sales from VAT
Daily Crypto News

Putin indications law acknowledging digital currencies as home, excusing crypto mining and sales from VAT

Guideline Home” Regulation” Putin indications law acknowledging digital currencies as residential or commercial property, excusing crypto mining and sales from VAT by Vivian Nguyen Nov. 29, 2024 For earnings made from purchasing, selling, or trading digital currencies, the suitable tax rates are set at 13% for earnings approximately 2.4 million rubles and at 15% for…