Crypto News Center

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”? Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025 Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot Dow Jones Industrial Average treads water on quiet Monday South Korea to Classify Some NFTs as Cryptocurrencies BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption Bitcoin Boom Towns: Vancouver Eyes BTC Investment, Bern Backs Mining Move Ubisoft Launches ‘Champions Tactics’: Pioneering NFT Integration in Gaming $55 Million of Solana (SOL) Moved to Exchanges, What’s Happening?

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

By Mark Hunter 1 month agoTue Oct 22 2024 08:41:32 Reading Time: 2 minutes The term “cryptocurrencies” has been around since the birth of Bitcoin, but it has since created misconceptions about their purpose Digital assets have diversified beyond currency use, encompassing NFTs, stablecoins, and more The evolving regulatory landscape has prompted a shift towards broader, more accurate terminology Ever since Satoshi Nakamoto and Martti Malmi agreed that the term...

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Starting January 1, 2025, long-term crypto holdings in the Czech Republic held for over three years will be exempt from capital gains tax. The law aligns with the EU’s MiCA framework and applies rules similar to securities, incentivising long-term investments but raising concerns over unclear guidelines. Despite concerns, the unanimous approval showcases the Czech Republic’s support for crypto innovation, joining nations like Switzerland and UAE in favourable crypto taxation. The...

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

2024-07-25T17:37:41.205+02:00 T h u r s d a y , 2 5 / 0 7 / 2 0 2 4 | 1 7 : 3 7 G M T + 2 by FM Nexabot AI aims to introduce an innovative management of gas fees for all transactions Nexabot AI, the leading developer of crypto tools based on Artificial Intelligence, has announced the launch of an innovative Cronos EVM trading bot....

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

Is It Time We Ditched “Cryptocurrencies” for “Digital Assets”?

By Mark Hunter 1 month agoTue Oct 22 2024 08:41:32 Reading Time: 2 minutes The term “cryptocurrencies” has been around since the birth of Bitcoin, but it has since created misconceptions about their purpose Digital assets have diversified beyond currency use, encompassing NFTs, stablecoins, and more The evolving regulatory landscape has prompted a shift towards broader, more accurate terminology Ever since Satoshi Nakamoto and Martti Malmi agreed that the term...

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025

Starting January 1, 2025, long-term crypto holdings in the Czech Republic held for over three years will be exempt from capital gains tax. The law aligns with the EU’s MiCA framework and applies rules similar to securities, incentivising long-term investments but raising concerns over unclear guidelines. Despite concerns, the unanimous approval showcases the Czech Republic’s support for crypto innovation, joining nations like Switzerland and UAE in favourable crypto taxation. The...

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

2024-07-25T17:37:41.205+02:00 T h u r s d a y , 2 5 / 0 7 / 2 0 2 4 | 1 7 : 3 7 G M T + 2 by FM Nexabot AI aims to introduce an innovative management of gas fees for all transactions Nexabot AI, the leading developer of crypto tools based on Artificial Intelligence, has announced the launch of an innovative Cronos EVM trading bot....

Dow Jones Industrial Average treads water on quiet Monday

Dow Jones Industrial Average treads water on quiet Monday

The Dow Jones marked out familiar territory near 44,500. Equity traders were pushed into a cautious stance after a policy pivot from China. Investors will get a breather from high impact data until midweek CPI inflation figures. The Dow Jones Industrial Average (DJIA) churned near 44,600 as equities kick off the new trading week on a quiet note. Markets bucked early Monday after China announced its first official monetary policy...

South Korea to Classify Some NFTs as Cryptocurrencies

South Korea to Classify Some NFTs as Cryptocurrencies

By Philip Maina 2 months agoTue Jun 11 2024 10:08:11 Reading Time: 2 minutes South Korea has released new regulations classifying some NFTs as cryptocurrencies NFTs considered as crypto include those that are used to pay for goods and services The country will determine NFTs’ classification on a case-by-case basis South Korea’s financial watchdog Financial Services Commission (FSC) has unveiled new guidelines to help determine whether NFTs are cryptocurrencies or...

BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF

BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF

BlackRock’s IBIT now holds 500,380 BTC, making up about half of all US Bitcoin ETF holdings. The US funds collectively control 5.156% of all Bitcoin; IBIT’s holdings are a significant portion of this. Recent trading saw IBIT and others take in over US$670 million after earlier profit-taking of US$550 million. Meanwhile, Grayscale has filed for a conversion of its Solana Trust to a Spot ETF. The largest Spot Bitcoin exchange-traded...

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative transactions reached 7 trillion yuan ($968 billion) by June, the yuan’s global usage remains modest...

Bitcoin Boom Towns: Vancouver Eyes BTC Investment, Bern Backs Mining Move

Bitcoin Boom Towns: Vancouver Eyes BTC Investment, Bern Backs Mining Move

Switzerland’s Bern advances a proposal to use excess energy for Bitcoin mining, aiming to boost crypto innovation. The feasibility study in Bern will assess environmental, energy and regulatory impacts of Bitcoin mining. Meanwhile, Vancouver proposes adding Bitcoin to its investment portfolio, targeting financial diversification and stability. Donald Trump’s proposed Bitcoin reserve is still a possibility and indeed Senator Cynthia Lummis confirmed the plans post-election. The thought of the United States...

Ubisoft Launches ‘Champions Tactics’: Pioneering NFT Integration in Gaming

Ubisoft Launches ‘Champions Tactics’: Pioneering NFT Integration in Gaming

Ubisoft has introduced Champions Tactics: Grimoria Chronicles , its first original non-fungible token (NFT) game, available for free on PC through Ubisoft Connect, using blockchain technology on the Oasys network. Ubisoft minted 75,000 champions as NFTs, priced around $10 worth of OAS tokens, offering unlimited use in ranked matches and additional rewards. A recent cyberattack by the Lazarus Group targeted cryptocurrency investors with a fake NFT game, highlighting the importance...

$55 Million of Solana (SOL) Moved to Exchanges, What’s Happening?

$55 Million of Solana (SOL) Moved to Exchanges, What’s Happening?

The current market sentiment is quite neutral, with most cryptocurrencies at their crucial level. Amid this stability, Solana (SOL) whales have moved notable of tokens to centralized exchanges including Binance and Coinbase, in the last 24 hours. On August 10, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) stating that Solana whales had moved a massive 355,257 SOL worth $55.01 million. This post on...

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