Fan token concept company İzmir Token completed US$350,000 in financing, with Sedart Ocakcı participating in the investment

Japan Eyes Tax Breaks for Companies Holding Cryptocurrency

Japan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.

New Tax Rules for Brazilians Holding Crypto Abroad

Brazil has approved new income tax rules that may impose up to a 15% tax on cryptocurrency income from foreign exchanges for its citizens. Effective from January 1, 2024, the legislation aligns the tax rate for foreign-held crypto with domestic income. The bill targets individuals earning over $1,200 on non-Brazilian exchanges, with different tax rates based on access dates. It also extends to "exclusive funds" and foreign companies in the Brazilian financial market. Despite Senate approval, there is internal opposition to the tax, reflecting ongoing debates. The move is part of broader regulatory efforts, with the central bank gaining control over virtual asset service providers and increased scrutiny on crypto-based securities.

EU reaches deal on capital requirements for banks holding crypto

The bloc’s lawmakers seal capital requirements deal for EU banks holding crypto.

CZ denies holding firms received $12B of Binance.US user funds

The SEC claimed in a court filing that Changpeng Zhao's Merit Peak received billions in customer funds from Binance's American exchange.

Arbitrum whales mostly holding through governance drama

The debate surrounding Arbitrum’s failed keystone improvement proposal and its subsequent scrapping, caused the price of its governance token to decline.

Paxos Is Holding 'Constructive Discussions' With SEC

Glassnode: Bitcoin holding activity similar to previous market bottoms

According to Glassnode data, as of this writing, the price of Bitcoin is just over $21,000, which means that about 45% of Bitcoin holders have "paper losses."

The truth behind the misconceptions holding liquid staking back

Staking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption.

Crypto job market holding up despite tech industry cutbacks

Crypto-specialist recruiters say they have not witnessed a downturn in crypto-related job opportunities, despite a myriad of staff lay-offs in the wider tech industry.

Miners Holding the Most Bitcoin Are 'Constantly Expanding'

According to a series of mining metrics, miners are not only persistent, but their hash rate is also increasing dramatically.