Category: News
What is Bitcoin Stamps
Rise of Bitcoin Stamps In the dynamic realm of Bitcoin, a recent groundbreaking development has captivated the community’s attention: the rise of Bitcoin Stamps. This digital collectible, riding on the wave of Ordinals, has swiftly become the latest obsession in the world of Bitcoin enthusiasts. Exploiting the robust security of Bitcoin L1, Bitcoin Stamps open…
U.K. Government Exempts Foreign Investors from Cryptocurrency Taxes to Attract Investment
The U.K. government has announced that it will exempt foreign investors from paying taxes on cryptocurrency purchases made through local investment managers or brokers starting Sunday. This tax break is part of Prime Minister Rishi Sunak’s plan to establish the U.K. as a cryptocurrency hub. The HM Revenue and Customs, the government’s tax agency, stated…
Binance Acquiring 41% Stake in Korean Crypto Exchange GOPAX
According to local media reports and Binance, The leading cryptocurrency exchange Binance is set to acquire a 41% stake in Korean exchange GOPAX the acquisition price is currently unknown. The global exchange has reportedly completed due diligence for the acquisition and negotiations about the deal had to be delayed until the new year due to…
Sam Bankman-Fried Walks Free with $250 Million Bail Bond
On Thursday, Sam Bankman-Fried left federal court as a virtually free man after posting a massive bond of $250 million. This bond has been described as the largest ever pretrial bond by Assistant U.S. Attorney Nicholas Roos. However, upon closer examination, it seems that this bond may not be as significant as it initially appeared.…
Brazil President Approves Cryptocurrency Regulation Bill
On Thursday, the President of Brazil, Jair Bolsonaro, approved a bill that regulates the use of cryptocurrencies in the country. The bill, which was passed by both the Chamber of Deputies and the Senate, establishes a crime of fraud involving virtual assets, with penalties ranging from four to six years in jail and a fine.…