Tag: Cryptocurrency
Australia to impose capital gains tax on wrapped cryptocurrency tokens
The Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment of decentralized finance (DeFi) and wrapping crypto toke [...]
CoinShares Data Shows Cryptocurrency Fund Inflows Topping $1B
Digital asset investment products saw net inflows of $293 million last week, bringing year-to-date inflows to a total of $1.14 billion. That makes 202 [...]
UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank
One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the curr [...]
Cryptocurrency charities can exploit the ‘gambler’s fallacy’ to reap larger donations — study
A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their [...]
Maine state treasurer to focus on handling abandoned cryptocurrency accounts
A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered cr [...]
How Ethereum’s Staking Mechanism Could Propel Cryptocurrency Into Mainstream Finance
As staking becomes better understood, investors will demand that yield rate be more predictable. Moreover, they will pit providers – LSTs, funds, ETPs [...]
Robinhood (HOOD) to Expand Cryptocurrency Trading Into EU
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Crypto Funds AUM Jumped to $31.7B in October With SOL-Based Products Seeing a 74% Rise: CCData
"October has seen major developments in the digital asset space," CCData said in a report shared with CoinDesk. "To start, six ETH Futures ETFs commen [...]
Bitcoin Price (BTC) Surges to 3-Month High as Chainlink (LINK), Polkadot (DOT), Polygon’s MATIC Prices Lead Cryptocurrency Bounce
The CoinDesk Bitcoin Trend Indicator BTI, which measures the directional momentum and strength in bitcoin's price action, switched to "significant upt [...]
IRS Cryptocurrency Tax Proposal Draws Alarm From Crypto Exchange Coinbase (COIN)
In August, the Treasury Department published its nearly 300-page proposed rule, meant to finally comply with the 2021 Infrastructure Investment and Jo [...]
PayPal Launches New Web3 Payment System That Converts Cryptocurrency To USD
In its continuous endeavor to expand its presence in the world of cryptocurrencies, the prominent payment company PayPal has introduced a fresh USD of [...]
PayPal enables US users to sell cryptocurrency via MetaMask wallet
Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC).PayPal [...]
Cryptocurrency Altcoin Crash Is Coming: Matrixport
FTX is not the only major seller of crypto assets, venture capital funds are also under pressure to return money to their investors, the report said.
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US Treasury, IRS propose cryptocurrency regulations for brokers
Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurre [...]
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
Indian Prime Minister Narendra Modi called for a global collaboration on formulating crypto regulations during the Group of 20 (G20) summit. G20 Presi [...]