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2024-03-02 22:20:38 Indonesia mulling changes to dual taxation on crypto: Report

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has reportedly asked the nation’s Ministry of Finance to assess its stance on cryptocurrency taxation. According to a recent local report, executive staff members at Bappebti have requested to reassess the government-imposed value-added tax (VAT) of 0.11% on each crypto transaction in Indonesia, as well as the 0.1% income tax on crypto.

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2024-03-01 21:01:55 Coinbase sees massive $1 billion Bitcoin withdrawal

The event, occurring on Mar. 1 during Asia trading hours, involved a transaction of approximately 16,000 BTC, or roughly $1 billion. Confirmations from multiple platforms, including Santiment, Arkham, and Coinglass, have validated this information. According to data from Santiment, Coinbase saw a significant drop in holdings, falling from approximately 398k to 381k BTC. Coinglass, another digital asset monitoring platform, echoed these findings, confirming the departure of 16k BTC from the exchange.

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2024-02-29 21:12:01 Coinbase Adds 'Smart Wallet' Feature, So Lengthy Seed Phrases Aren't Needed

Coinbase, the publicly traded U.S. cryptocurrency exchange, is coming out with two new wallet solutions that are supposed to make the onboarding of new users into crypto easier. The features, known as their smart wallet and embedded wallets, aim to overcome hurdles that often come with the clunky user experience when creating crypto wallets.

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2024-02-29 12:21:03 Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

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2024-02-28 23:50:24 BTC Rejected Off $64,000 As Crypto Market Suffers $600 Million Of Liquidations

Bitcoin’s price is nearing its all-time high, and its volatility has left thousands of traders destroyed. The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour. Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone.

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2024-02-28 12:36:14 Hong Kong to roll out regulatory sandbox for stablecoin issuers, says financial secretary

The Hong Kong Monetary Authority plans to introduce a regulatory sandbox for stablecoin issuers in the near future, the city’s financial secretary, Paul Chan, said during the 2024 budget announcement on Wednesday. Chan stated in the announcement that the sandbox is designed to enable companies to test stablecoin initiatives, explore business models, and implement investor protection and risk management strategies in a controlled environment.

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2024-02-27 22:40:00 MicroStrategy Is a Timely Play on Bitcoin Halving; Initiate at Buy: Benchmark

MicroStrategy (MSTR) has a unique business model based on the acquisition and holding of bitcoin (BTC), which represents the majority of the software company’s valuation, investment banking firm Benchmark said in a Tuesday research report initiating coverage of the stock. Benchmark has a buy rating on the shares with a $990 price target. MicroStrategy added about 8% to $860.75 in early trading on Tuesday.

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2024-02-27 13:11:10 HTX withdraws license application in Hong Kong

HTX’s Hong Kong entity has withdrawn its application to operate as a “virtual asset trading platform,” offering retail trading services, the local regulator’s website showed. HBGL Hong Kong Limited, also known as Huobi HK, initially submitted the exchange license application last week only to withdraw three days later on Feb. 23, the South China Morning Post reported, citing the Securities and Futures Commission’s list of license applicants.

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2024-02-26 21:35:48 Bitcoin investors realize net profits for 128 consecutive days

Quick Take Net realized profit-taking for Bitcoin has witnessed an unbroken streak of 128 days, starting from Oct. 20, 2023, until Feb. 25, 2024. This period saw Bitcoin’s price catapult from below $30,000 to $50,000, providing lucrative opportunities for investors. Defined by Glassnode, the net realized profit/loss represents the cumulative profit or loss from all.

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2024-02-26 09:03:03 US Spot Bitcoin ETFs Surpass $50B Cumulative Trading Volume

The $50 billion milestone comes amidst the investment vehicles’ return to inflows on Thursday. Spot Bitcoin exchange-traded funds (ETF) have surpassed a staggering $50 billion cumulative trading volume since trading started in the United States on January 11. The milestone, achieved on Thursday, February 22, marks a 76.68% surge from the 28.3 billion cumulative volume recorded at the beginning of the month, according to data from BitMEX Research.

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