It's not just Taiwan that is gearing up its crypto game; many countries like Singapore, Iran, Dubai, the UK, and India are working to create fair and transparent laws to protect investors from fraud and scams.
The crypto industry experienced its second-lowest monthly losses this month, November 2024, with $71 million lost across 26 incidents, according to blockchain security firm Immunefi. This marked a significant improvement compared to November 2023, which recorded $343 million in losses, representing a 79% year-over-year drop and a 4% decrease month-over-month.
Hong Kong has proposed comprehensive tax exemptions for cryptocurrency gains and other alternative investments to attract institutional investors and wealthy individuals as part of its strategy to become a leading global financial hub.
The study also found that negative media coverage and a lack of understanding are hindering blockchain adoption. The post Germany Lags in Blockchain Adoption: 72% of Companies Not Interested in the Technology –Study appeared first on Cryptonews.
Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and hefty penalties for noncompliance.
An AI bot controlling $50,000 in crypto transferred the funds after a user successfully persuaded it to bypass its core directive: to never release the funds. A user under alias p0pular.
Video killed the radio star, but could cryptocurrency payments kill credit and debit cards? Even though bitcoin hit a record high this month, the chances are likely slim.
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Between January 2022 and October 2024, most dead crypto projects were launched in the United States, while American founders were behind 43% of all crypto projects that turned out to be scams.
The game was challenged by 195 players with 482 attempts, during which the AI agent imposed incremental query fees.
Tron creator Justin Sun has reportedly eaten the $6.2 million banana from Maurizio Cattelan's “Comedian” sculpture. Sun previously bought the banana at a Sotheby's auction.
Dubai, UAE, 29th November 2024, Chainwire
More than 30 tech and cryptocurrency founders in the U.S. have claimed they were denied banking services in what is being described as “Operation Chokepoint 2.0.”
On Nov. 27, 2024, Bitwise Asset Management filed with the SEC for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund, which has been running since 2017.
It is a theoretical assessment based on current data, and it could vary significantly over time.
Dan Finlay highlighted critical insights on crypto meme.
A connected Indian youth is biting into crypto with full force, under the watchful eye of the tax authorities. Surprising but true.
Justin Sun, Founder of TRON, announced in a post on November 28 that he will buy 100,000 bananas from Mr. Shah Alam's fruit stand in New York's Upper East Side.
Arbelos Markets co-founder Joshua Lim explains how Trump's election could open the door to greater institutional adoption of crypto.
The cryptocurrency sector recorded 26 hacking and rug pull incidents, which led to $71,021,500 in total losses in November 2024 according to the monthly report by ImmuneFi. This is the second lowest monthly loss YTD and is down 79% from November 2023, which lost a total of $343 million.
Binance has announced the delisting of USD-M perpetual contracts for NEM (XEM), Orbs (ORBS), and Loom Network (LOOM). The delisting affects traders who actively engage in derivatives markets for these assets.
The Hong Kong Monetary Authority has introduced a three-year digital bond grant scheme, offering incentives of up to HK$2.5 million to encourage tokenized bond issuances.
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Indonesia, one of the most adaptive countries for crypto in the world, has reached a new milestone with transactions of over 475 trillion Indonesian rupiah, or $30 billion.
Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top Financial Hub Spot Hong Kong authorities have reportedly proposed exempting hedge funds, private equity funds, and wealthy individuals from paying taxes on gains from cryptocurrencies.
Federal prosecutors in Cleveland are seeking forfeiture of nearly $1 million in cryptocurrency linked to a scam that drained an elderly Elyria man's life savings, highlighting the growing trend of sophisticated crypto fraud targeting vulnerable investors. What Happened: The victim lost $408,000 after scammers, posing as Apple Inc. support representatives, gained remote access to his computer in October 2023.
Cryptocurrency price have maintained their uptrend this week by consistently rising above moving average lines.
Hong Kong's government already issued $100 million in tokenized green bonds on Feb. 16 under its Green Bond Programme.
Dan Finlay, co-founder of MetaMask, explored issues of consent and trust in Web3 through a meme coin experiment.
Cryptocurrencies have done well this year, with November being their best month so far. Bitcoin is a few points below $100,000, and a move above that will likely lead to more gains in the next few months.
Market participants may be moving away from memecoins back to tokens with fundamentals, one analyst told The Block.
SecondLane has moved to acquire an equity stake in Pump.fun, a Solana-based meme coin ecosystem, at a fully diluted valuation of $1.5 billion. SecondLane listed the 1% equity stake for $15 million on a Telegram channel announcing its new offerings.
Crypto hedge fund Hermeneutic Investments is hiring a strategic investment director, offering competitive pay and the promise of retirement-level savings within five years. The post Crypto Hedge Fund Job Promises ‘Retirement Money' in Just 5 Years appeared first on Cryptonews.
Non-compliance may lead to penalties, including imprisonment for up to two years and a fine of up to NT$5 million ($153,700).
The cryptocurrency market is currently witnessing significant shifts, with the Altcoin Season Index climbing to 59, reflecting growing momentum in altcoins. This is a notable increase from its previous low of 33, signaling that investor interest is transitioning toward altcoins, though Bitcoin (BTC) still maintains a dominant position.
In one of the most unconventional yet fascinating turns of events, a user managed to bag a $47,000 prize pool by convincing a Freysa AI bot. The winner cracked the way to outsmart the autonomous AI bot with clever reasoning and a $100 bet.
Coinbase's legal chief has declared a historic win as the Fifth Circuit Court ruled Treasury's Tornado Cash sanctions unlawful, a bullish moment for crypto privacy. A Historic Victory for Crypto Privacy and the Defense Of Liberty The Fifth Circuit Court has ruled that the U.S.
TRIAS surges 35% in 24 hours with traders eyeing $3.98 resistance. What's fueling the rally?
Binance Labs announced its latest investment in multi-asset liquidity firm Astherus.
A former senior executive at Binance has accused the company of retaliatory dismissal after she raised concerns about an alleged bribery scheme involving a colleague, Bloomberg News reported on Nov. 28.
21shares announced the launch of 4 new exchange-traded products (ETPs) focused on oracles, tokenization, decentralized computing, and artificial intelligence. New ETPs for Retail Investors 21shares, a provider of cryptocurrency exchange-traded products (ETPs) has expanded its portfolio with the launch of four innovative ETPs targeting high-growth sectors in blockchain and crypto technology.
Hong Kong is moving to solidify its status as a financial and crypto hub by proposing tax exemptions for hedge funds, private equity funds, and high-net-worth family offices, the Financial Times reported on Nov. 28.
Japanese Prime Minister Shigeru Ishiba has reorganized his party's web3 and crypto policy-making units. The post Japan's New Prime Minister Reorganizes Web3, Crypto Policy Units appeared first on Cryptonews.
Hong Kong's proposal also includes tax exemptions to pension and endowment funds, expanding the range of assets covered under existing law.
Will the $4 roadblock derail PYR's uptrend as leveraged short sellers target it?
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Hong Kong is planning to waive tax on investment gains from cryptocurrencies and other alternative assets for hedge funds, private equity funds, and eligible family offices as part of its strategy to strengthen its position as a wealth management hub. In a consultation paper distributed this week and seen by Reuters, the Financial Services and the Treasury Bureau proposed extending capital gains tax exemptions to include overseas properties, carbon credits, private credit, virtual assets and other alternative investments.