🗞 CryptoNews of the Day 🗞
Pando Asset Joins the Bitcoin Spot ETF Race: With the decision deadline looming, a Swiss asset manager joins the Bitcoin ETF race in the US.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-etf-race-gets-surprise-last-minute-entry
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Brazil Approves New Income Tax Rules, Imposing 15% Tax on Crypto Held on Foreign Exchanges: The Brazilian Senate has approved new income tax regulations that may necessitate Brazilians to pay a maximum of 15% tax on earnings obtained from cryptocurrencies held on foreign exchanges.
👉Details: https://coinmarketcap.com/academy/article/brazil-approves-new-income-tax-rules-imposing-15percent-tax-on-crypto-held-on-foreign-exchanges
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Cross-chain Protocol Wormhole Raises $225M, Separates From Jump Crypto: Wormhole, a platform facilitating cross-chain bridges, has successfully secured $225 million in funding, valuing the company at $2.5 billion.
👉Details: https://coinmarketcap.com/academy/article/cross-chain-protocol-wormhole-raises-dollar225m-separates-from-jump-crypto
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Paxos Gets In-Principle Approval To Issue Stablecoins in Abu Dhabi: Paxos, a stablecoin issuer, has secured preliminary approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi to issue stablecoins and offer digital asset services.
👉Details: https://coinmarketcap.com/academy/article/paxos-gets-in-principle-approval-to-issue-stablecoins-in-abu-dhabi
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🗞 CryptoNews of the Day 🗞
Interactive Brokers Launches Crypto Trading for Retail Clients in Hong Kong With Crypto Exchange OSL: Interactive Brokers, a prominent global brokerage firm, has launched cryptocurrency trading services for its retail clientele in Hong Kong.
👉Details: https://coinmarketcap.com/academy/article/interactive-brokers-launches-crypto-trading-for-retail-clients-in-hong-kong-with-crypto-exchange-osl
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Standard Chartered: Bitcoin On Track To Hit $100K By End of Next Year: Standard Chartered Bank has restated its previous projection that Bitcoin (BTC) will achieve a value of $100,000 by the end of 2024.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-bitcoin-on-track-to-hit-dollar100k-by-end-of-next-year
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🗞 CryptoNews of the Day 🗞
New Spanish Tax Guidelines Target Foreign Crypto Accounts: Spain introduces Form 721, requiring residents to declare virtual assets held on overseas crypto platforms.
👉Details: https://coinmarketcap.com/academy/article/new-spanish-tax-guidelines-target-foreign-crypto-accounts
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Web3 Gaming Tokens Surge in Value As Sector Gains Interest, Led by Axie Infinity, ApeCoin and Illuvium: In the past week, cryptocurrency tokens linked to web3 gaming projects have seen substantial increases in value.
👉Details: https://coinmarketcap.com/academy/article/web3-gaming-tokens-surge-in-value-as-sector-gains-interest-led-by-axie-infinity-apecoin-and-illuvium
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🗞 CryptoNews of the Day 🗞
Standard Chartered Will Provide e-CNY Services After Joining China’s CBDC Pilot Program: Standard Chartered, a prominent multinational bank based in the UK, has announced its participation in trials of China's digital currency, the e-CNY.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-will-provide-e-cny-services-after-joining-chinas-cbdc-pilot-program
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CNBC Host Jim Cramer Is Now Bullish on Bitcoin: “If you like Bitcoin, buy Bitcoin”: Jim Cramer, the host of CNBC's Mad Money, has reversed his opinion on Bitcoin and is now urging investors to reconsider their positions.
👉Details: https://coinmarketcap.com/academy/article/cnbc-host-jim-cramer-is-now-bullish-on-bitcoin-if-you-like-bitcoin-buy-bitcoin
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Anti-Crypto European Central Bank President Christine Lagarde’s Son “Lost Almost All” Investing in Crypto: European Central Bank (ECB) President Christine Lagarde, a prominent critic of cryptocurrencies, recently disclosed that her own family experienced the unpredictable nature of digital assets.
👉Details: https://coinmarketcap.com/academy/article/anti-crypto-european-central-bank-president-christine-lagardes-son-lost-almost-all-investing-in-crypto
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$400M Locked in Layer-2 Blast Four Days After Launching, Lead Investor Paradigm Raises Concerns: Interest in the Ethereum layer-2 network Blast, set to launch in February next year, has led to an influx of funds.
👉Details: https://coinmarketcap.com/academy/article/dollar400m-locked-in-layer-2-blast-four-days-after-launching-lead-investor-paradigm-raises-concerns
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South Korean Central Bank Will Start CBDC Payment Pilot With 100K Citizens Next Year: The central bank of South Korea, the Bank of Korea (BOK), has announced plans to invite 100,000 Korean citizens to take part in a pilot program for its central bank digital currency (CBDC).
👉Details: https://coinmarketcap.com/academy/article/south-korean-central-bank-will-start-cbdc-payment-pilot-with-100k-citizens-next-year
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🗞 CryptoNews of the Day 🗞
Singapore Implements New Rules to Safeguard Retail Investors in Cryptocurrency Trading: The Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator, announced the strengthening of regulations.
👉Details: https://coinmarketcap.com/academy/article/singapore-implements-new-rules-to-safeguard-retail-investors-in-cryptocurrency-trading
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Bull Market Is Coming, According to Heads of Australia Crypto Exchanges: Australia's largest crypto exchanges are anticipating a surge in market activity in early 2024 as the cryptocurrency market enters a bullish phase.
👉Details: https://coinmarketcap.com/academy/article/bull-market-is-coming-according-to-heads-of-australia-crypto-exchanges
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U.K. Government Warns of Penalties for Unpaid Taxes From Crypto, NFT and Utility Token Holdings: The UK government is urging crypto holders to voluntarily disclose their capital gains or income related to digital assets.
👉Details: https://coinmarketcap.com/academy/article/uk-government-warns-of-penalties-for-unpaid-taxes-from-crypto-nft-and-utility-token-holdings
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🗞 CryptoNews of the Day 🗞
Iota Launches $100M Foundation in Abu Dhabi To Drive DLT Growth in the Middle East: Iota, the developer of an open-source blockchain, has unveiled its plans to establish the Iota Ecosystem DLT Foundation in Abu Dhabi.
👉Details: https://coinmarketcap.com/academy/article/iota-launches-dollar100m-foundation-in-abu-dhabi-to-drive-dlt-growth-in-the-middle-east
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🗞 CryptoNews of the Day 🗞
US Treasury Imposes Sanctions on Crypto Mixer Sinbad for Alleged Money Laundering For North Korean Lazarus Group: The United States Treasury Department's Office of Foreign Assets Control (OFAC) has enforced penalties on Sinbad, a cryptocurrency mixer.
👉Details: https://coinmarketcap.com/academy/article/us-treasury-imposes-sanctions-on-crypto-mixer-sinbad-for-alleged-money-laundering-for-north-korean-lazarus-group
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Owner of South Korean Leading Exchange Upbit Sees 81% Fall in Q3 Net Profit: Dunamu, the parent company of Upbit, one of South Korea's prominent cryptocurrency exchanges, witnessed a substantial decrease in net profit.
👉Details: https://coinmarketcap.com/academy/article/owner-of-south-korean-leading-exchange-upbit-sees-81percent-fall-in-q3-net-profit
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Ark Invest Sells $5.2M of Coinbase Shares as COIN Hits 18-Month Highs, Increases Robinhood Holdings: Ark Invest, led by Cathie Wood, has sold a significant number of Coinbase shares, amounting to 43,956 COIN (equivalent to $5.3 million).
👉Details: https://coinmarketcap.com/academy/article/ark-invest-sells-dollar52m-of-coinbase-shares-as-coin-hits-18-month-highs-increases-robinhood-holdings
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Coinbase Users’ Data Might be Shared With CFTC After Coinbase Served With a Subpoena: Coinbase, the US-based cryptocurrency exchange, has recently informed an undisclosed number of its users about a received subpoena.
👉Details: https://coinmarketcap.com/academy/article/coinbase-users-data-might-be-shared-with-cftc-after-coinbase-served-with-a-subpoena
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🗞 CryptoNews of the Day 🗞
Week in DeFi: Total Value Locked Surges Higher: Total value locked gains 29% over the past week as the DeFi space heats up — find out more in our weekly DeFi roundup.
👉Details: https://coinmarketcap.com/academy/article/week-in-defi-total-value-locked-surges-higher
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Grace Period for Crypto Exchanges in Hong Kong Unchanged Despite Recent JPEX Scandal Resulting in $180M in Losses: Recent scandals have not led to the removal of Hong Kong's one-year grace period for cryptocurrency exchanges, according to local news reports.
👉Details: https://coinmarketcap.com/academy/article/grace-period-for-crypto-exchanges-in-hong-kong-unchanged-despite-recent-jpex-scandal-resulting-in-dollar180m-in-losses
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Bitcoin Investment Products Receive $1.5B in Inflows So Far This Year: Bitcoin exchange-traded products (ETPs) have witnessed a notable increase of $312 million in the week ending November 24.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-investment-products-receive-dollar15b-in-inflows-so-far-this-year
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Cosmos Hub Governance Passes Proposal To Cut ATOM Inflation Rate to 10%: The governing body of Cosmos Hub, the primary blockchain within the Cosmos network, has given its approval to a proposal aimed at reducing the maximum inflation rate of its native token.
👉Details: https://coinmarketcap.com/academy/article/cosmos-hub-governance-passes-proposal-to-cut-atom-inflation-rate-to-10percent
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Michael Saylor’s Microstrategy Stock Price Reaches Two-Year-High, Boosted by Bitcoin Holdings: MicroStrategy, the enterprise business firm well-known for its optimistic stance on Bitcoin, witnessed a surge in its stock price, surpassing $500 on last friday.
👉Details: https://coinmarketcap.com/academy/article/michael-saylors-microstrategy-stock-price-reaches-two-year-high-boosted-by-bitcoin-holdings
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🗞 CryptoNews of the Day 🗞
Glassnode: Bitcoin ETF To Unlock $70B in New Demand: A new report predicts up to $70 billion could pour into Bitcoin if a spot ETF is approved.
👉Details: https://coinmarketcap.com/academy/article/glassnode-bitcoin-etf-to-unlock-dollar70b-in-new-demand
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🗞 CryptoNews of the Day 🗞
El Salvador’s Nayib Bukele Down 8% on His 3,120 BTC Investment: El Salvador's President Nayib Bukele, a prominent advocate of Bitcoin (BTC), gained significant attention last year.
👉Details: https://coinmarketcap.com/academy/article/el-salvadors-nayib-bukele-down-8percent-on-his-3120-btc-investment
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Bitcoin Sender Mistakenly Overpays Record $3M in Transaction Fees: A Bitcoin (BTC) sender made a costly error by paying an unprecedented $3 million in transaction fees for a single transaction.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-sender-mistakenly-overpays-record-dollar3m-in-transaction-fees
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🗞 CryptoNews of the Day 🗞
Netflix Director Used $4M of Show's Budget on Dogecoin, Netting $27M in Profits: Carl Erik Rinsch, the director of Netflix's sci-fi series "Conquest," allegedly utilized $4 million from the show's budget to invest in Dogecoin (DOGE).
👉Details: https://coinmarketcap.com/academy/article/netflix-director-used-dollar4m-of-shows-budget-on-dogecoin-netting-dollar27m-in-profits
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