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news-imageOctober 25, 2024

Denmark Plans Tax on Unrealized Crypto Gains

Denmark's Tax Law Council has recommended implementing a mark-to-market taxation system for cryptocurrencies in a recent report, with plans for a legislative proposal to follow.
Publisher: Coinspress
Sentiment: Negative
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cover-imageBitcoin
October 25, 2024

Web3 Game Off the Grid Numbers Shine Despite Promotional Drop

Off The Grid, the so-called Web3 extraction shooter built on the Avalanche blockchain, has maintained momentum after its launch in the early access stages. While the game has fallen from the top 100 most viewed games on the streaming platform Twitch, it has maintained 500,000 daily active addresses (DAA) since its launch, with over 6.

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Negative
cover-imageCryptopolitan
October 25, 2024

Netherlands proposes implementing EU crypto tax monitoring laws

Crypto service providers, like exchanges, could soon be required to collect and share user data with the Netherlands tax authority under crypto tax monitoring laws proposed by the Dutch Government, aligning with rules adopted by the European Union last year. In an Oct.

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Negative
cover-imageCoingape
October 25, 2024

US Govt Selling Crypto Worth Millions Seized From Bitfinex Hacker?

In an unprecedented turn of events, a U.S. Government wallet was recently reported to be compromised, echoing a bustle across the broader market. On Friday, on-chain data indicated that the US govt wallet started shifting or selling nearly $20 million worth of crypto assets, including ETH, USDT, USDC, and aUSDC to another address.

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Negative
cover-imageBitcoin
October 25, 2024

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity

In a new update from Arkham Intelligence, it seems that crypto wallets linked to the U.S. government may have been compromised, losing around $20 million. According to Arkham, the bulk of the funds, primarily made up of stablecoins, were converted into ethereum “through suspicious addresses linked to a money laundering service.” $20M Vanishes From U.S.

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Negative
cover-imageCoingape
October 25, 2024

Is Senator Warren Bluffing About John Deaton Taking 90% Crypto Donations?

The Massachusetts Senate seat turns out to be of prime importance as XRP lawyer John Deaton takes on the anti-crypto Senator Elizabeth Warren in the upcoming US elections. Senator Warren has recently claimed that Deaton's 90% of campaign funding comes from crypto donations.

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Positive
cover-imageCryptopolitan
October 25, 2024

Wall Street embraces tokenized money-market funds amid stablecoin competition

Wall Street is witnessing a growing interest in tokenized money-market funds as traders increasingly seek alternatives to traditional stablecoins. These digital assets, which are investments in short-term debt securities, are seen as potential solutions in the current situation with the crypto market volatility.

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Positive
cover-imageThe Currency Analytics
October 25, 2024

Individual Investors Drive Increased Demand in the Crypto Market

The cryptocurrency market is witnessing a noteworthy revival in demand from individual investors, marking a significant shift after a four-month period of stagnation. Recent data from Crypto Quant reveals a 13% increase in individual investor activity over the past 30 days, with participation levels returning to those seen in March.

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Positive
cover-imageCoinPedia
October 25, 2024

SAFE Price Jumps 76% With Upbit Listing, Eyes To Hit $2 This Week?

With the listing of Safe tokens on the Upbit cryptocurrency exchange, this altcoin has experienced a massive surge in its volumes. Reportedly, Safe Crypto has recorded a jump of 9,747.85% in its 24-hour trading volume, resulting in it adding ~76% to its valuation.

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Negative
cover-imageCryptopolitan
October 25, 2024

US Government wallet reportedly targeted in $20 million crypto exploit

An estimated $20 million in cryptocurrency has been stolen from wallets belonging to the U.S. government, according to blockchain analytics firm Arkham Intelligence. On-chain movements started on Thursday when funds that had not been moved for more than eight months were withdrawn from the decentralized lending platform Aave.

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Negative
cover-imageBitcoin
October 25, 2024

Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S.

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