Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, as reported by the National Post on April 16. Crypto Tax Reporting In Canada The Organisation for Economic Co-operation and Development (OECD)...
Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week. Per Kommersant, the officials were named Georgy Satyukov and Dmitry Sokolov, employees at “one of the ministry’s most secret divisions.” The media outlet and major Russian Telegram...
Analysts at the biggest bank in the US – JP Morgan, says Bitcoin halving is already priced in. This time, the implication would be mainly on Bitcoin mining rather than BTC price, they wrote in a research report. Bitcoin mining – a four-year event that slashes Bitcoin mining rewards in half – is set to...
The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. The Seminar was co-hosted by the Suzhou City Digital...
Bitcoin’s current price stands at $64,520, marking a decline of around 1.65%. This adjustment occurs amid broader market uncertainties but also as the crypto community turns its attention to the forthcoming Bitcoin halving event. This significant moment is anticipated not only for its immediate impact on mining rewards but also for its potential long-term influence...
Andreas Brekken, the founder of SideShift.ai, a platform offering direct-to-wallet trading, sat down (in his hammock) for an exclusive interview with the Cryptonews Podcast. Talking with host Matt Zahab, Brekken recalled how difficult it was for people to buy BTC in 2011, noting that the ease of purchase today contributes to its adoption. He remarked...
Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving. The significant increase comes following requests from traders to profit from the anticipated volatility as halving approaches, the company said in a release shared to Cryptonews. A perpetual swap is a type of derivative trading...
Galactic Group to launch AAA Web3 game publisher in the United Arab Emirates (UAE) with the backing of world-class talent from Hollywood and the gaming industry. The recently established business, known as Galactic Entertainment Publishing, is the first division of parent company Galactic Group. It is the brainchild of industry visionary Loren Roosendaal, who intends...
Bitcoin’s fourth halving event is imminent and will occur just after midnight UTC on April 20 (8 pm ET today), which will reduce the block subsidy reward for miners from 6.25 BTC to 3.125 BTC per block, potentially impacting the cryptocurrency’s price and mining operations. Bitcoin halvings occur automatically every 210,000 blocks or approximately every...
The United States Securities and Exchange Commission (SEC) has edited its Tron lawsuit against Justin Sun and his crypto companies, Tron Foundation, the BitTorrent Foundation, and Rainberry, following his attempted dismissal of the litigation late last month, amended court docs filed on Thursday reveal. Tron Lawsuit Edited After Justin Sun’s Attempted Dismissal In the updated...