Japan has recently made a pivotal decision regarding its tax policy on crypto assets held by corporations. The government has reportedly announced the discontinuation of unrealized gains tax on cryptocurrencies issued by third parties. Scheduled to take effect on April 1, 2024, this new policy shift aims to reduce the tax burden on corporations and
XRP, the native token of Ripple, has been making waves in the cryptocurrency market despite facing legal challenges. With a trading volume of over $1.19 billion and a gain of more than 80% over the past year, XRP has proven its resilience and excellent performance. This achievement is particularly notable considering the overall rebound of
South Korean coast guards recently made headlines by intercepting a high-profile suspected crypto price fixer in a failed attempt to flee the country for China. The man, known as Park and nicknamed Jon Bur Kim, is a 42-year-old crypto market maker who had been under investigation for price manipulation. Despite being banned from leaving the
In the world of cryptocurrency, Ethereum (ETH) has been a major player, capturing the attention of investors and enthusiasts alike. However, despite several positive developments in 2023, the growth of Ethereum’s market cap has been underwhelming compared to its counterparts. This article delves into the reasons behind Ethereum’s lackluster performance and explores the potential implications
The cryptocurrency market has seen a surge of interest as the year comes to a close, with altcoins like Polkadot gaining significant attention. Polkadot (DOT) has emerged as a standout performer, posting an impressive 47% gain in December alone. In a recent development, the value of DOT has skyrocketed, increasing by an astounding 20% in
The United States Securities and Exchange Commission (SEC) has recently taken a significant step in the regulation of the cryptocurrency market. In a high-level meeting held on December 21, representatives from leading financial entities, including BlackRock, Grayscale Investments, ARK Investments, and 21 Shares, engaged with SEC officials to discuss the launch of exchange-traded funds (ETFs)
XRP, like many other cryptocurrencies, has experienced significant price fluctuations throughout the year. Despite this volatility, XRP has seen an overall increase of 74% in value, aligning with the bullish sentiment in the crypto market. Notably, XRP went through a notable price spike earlier in the year and is currently in a consolidation phase. The
Solana, the native cryptocurrency, has been on a remarkable climb for the past three weeks, breaking beyond the $110 mark on Sunday morning. This surge in price demonstrates its resilience and highlights its growing acceptance and appeal in the cryptocurrency space. In fact, Solana’s price has reached levels not seen since the night before Terra
The recent rally in the Bitcoin price has signaled a resurgence in bullish sentiment, as the premier cryptocurrency broke above the crucial $43,200 support level. After a period of struggle and falling below $41,000, Bitcoin has regained momentum and is now poised to reach new heights. In this article, we will analyze the price action
The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has raised concerns about the potential downfall of Bitcoin. In his recent article, Hayes emphasized Bitcoin’s uniqueness and how it differs from traditional financial instruments. He believes that if Spot Bitcoin Exchange-Traded Funds (ETFs) managed by traditional finance (TradFi) asset managers were to become
