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The 'Bitcoin Storm' | Don't Get Caught Off Guard
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Month: April 2023
NFT
UK Treasury Will Consult on DeFi Taxation: Report
The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The country’s taxation division – HM Revenue and Customs – released a consultation document seeking views on […]
Bitcoin
Coinbase Shares Drop 18% as Armstrong Sells $3.5M in Stock
Coinbase stocks fell by roughly 18% in April as its co-founder and CEO Brian Armstrong dumped more than $3 million worth of the company’s shares. According to dataroma data, Armstrong sold 59,460 shares for $3.46 […]
Ethereum
Revolut taps Koinly for automated cryptocurrency tax reports
As cryptocurrencies increasingly fall under the purview of global tax authorities, fintech Revolut has integrated an automated tax reporting service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly […]
Cryptocurrency
DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi
Still, when it comes to understanding the current moment in crypto he’s more or less unmatched. Or, at the very least, he’s not afraid to be a little contrarian. At Consensus 2023, for instance, Qureshi […]
Altcoin
Visa stablecoin plan, debt ceiling’s effect on Bitcoin price: Hodler’s Digest, April 23-29
Top Stories This Week Circle launches cross-chain USDC transfer protocol Circle launched a cross-chain protocol that enables USDC transfers between the Ethereum and Avalanche blockchains. The protocol works by burning the selected amount of native […]
Regulation
Hong Kong to release cryptocurrency framework next month
Hong Kong’s new cryptocurrency licensing framework is expected in May. The Securities and Futures Commission (SFC) chief executive Julia Leung told Bloomberg the guidelines follow a consultative process. Companies seeking to offer services in Hong […]
Finance
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again – Finance Bitcoin News
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its […]
Bitcoin
Indian Investor Committed Suicide After Losing Money on Bitcoin (Report)
A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy found no evidence of violence, suggesting he committed suicide. The man supposedly invested in shares and bitcoin, hinting that a […]
Business
Hong Kong Crypto Firms Get Boost From Regulator
The Hong Kong Monetary Authority (HKMA) has issued a circular calling on banks to support crypto firms. Dated April 27, the document reminds banks of their responsibility to provide access to banking services for legitimate […]
