On Wednesday (September 7), crypto exchange KuCoin announced support for the 1.2% tax burn proposal of the Terra Clasic ($LUNC) community if “the proposal is officially approved and implemented” on the Terra Classic mainnet. What Is Terra Classic ($LUNC)? As Binance Research in an article published on 31 May 2022, Terra Classic, which was rebranded from Terra, is “a public […]
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). The crypto market has dropped below $1 trillion again this week, as Bitcoin neared towards the local bottom of $17,600. On chain analytics have also demonstrated a bearish sentiment among market participants. An example of this is the Bitcoin adjusted SOPR chart, provided by Glassnode, which shows that investors are […]
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Global cryptocurrency taxation rules significantly vary among countries, and some jurisdictions have come up with extremely tough crypto tax policies for their residents. In a new study by crypto analytics firm Coincub, Belgium is referred to as the worst country in the world in terms of crypto taxation for residents. That is according to in-house rankings covering taxation aspects like […]
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New Free DAO, a decentralized finance (DeFi) protocol, faced a series of flash loan attacks on Sept. 8, resulting in a reported loss of $1.25 million. The price of the native token has dropped by 99% in the wake of the attack. Unlike normal loans, several DeFi protocols offer flash loans that allow users to borrow large amounts of assets […]
Read moreThe U.K.’s ETC Group will offer an ETP based on the Ethereum Pow hard fork after The Merge. All holders of the current Ethereum ETP will receive units of the new one on a 1:1 basis. Some exchanges have also said that it would support the asset of the forked chain. Ethereum Proof-of-Work hard fork, ETHPoW, will have its own […]
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The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws. In a Wednesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Vermont’s financial regulator said Celsius and Mashinsky “made false and misleading claims […]
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Ethereum Classic “ETC” is rearing its head again, this time because of the migration of Ethereum miners. With the upcoming merge event, some Ethereum miners have been repurposing their rigs to mine on Ethereum Classic, which is still a Proof of work chain. This has mainly been due to its ability to host Ethereum miners, its capped supply, low token […]
Read moreThe Consumer Price Index (CPIS) has revealed that the inflation rates have kind of cooled down as they have dropped from 9.1% to 8.5%. However, even then, the broader picture states that currently, the inflation rate is high, resulting in decreased trust among market participants in the global economy. Global economic growth continues to decline, posing a major threat to […]
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Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police. In a Wednesday announcement, the Thai SEC alleged Zipmex had not provided information on digital wallets and crypto transactions in compliance with the country’s Digital Assets Act. The regulator claimed that […]
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