Web3 companies have been moving overseas because they became liable for tax even before making profits from their activities, Gaku Saito, chairman of the JCBA’s tax review committee, told CoinDesk Japan in an interview. Companies were having to pay tax on unrealized gains, forcing them to sell their assets and stifling business development. Source
The LUNC community has received a proposal from Genuine Labs, a group of experienced developers who aim to contribute to the Terra Classic ecosystem, something that could help revive the USTC and LUNC tokens. What The Latest LUNC Proposal Is About According to the proposal titled ‘Genuine Labs Terra Classic Development Proposal,’ the developers who boast extensive experience in Cosmos stacks aim to work with L1 teams to improve the IBC Hooks and Packet Forward Middleware (PFM) features. They will also enhance the “end-to-end testing and interchain testing for the…
Ethereum price is correcting gains from the $2,350 resistance zone. ETH could start a fresh increase if it stays above the $2,200 support zone. Ethereum started a downside correction from the $2,350 resistance zone. The price is trading near $2,275 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,285 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase unless there is a close below $2,200. Ethereum Price Remains Supported Ethereum price failed again…
Cryptocurrency exchange MEXC has commented on rumors about the deleted X account @MEXC_CEO. On Dec. 24, MEXC wrote a post addressing the recent “confusion” over the sudden deletion of the MEXC_CEO account, which some users believed belonged to the company’s CEO, John Chen Ju. Clarification on the recent MEXC_CEO Twitter Account Confusion Recently, there have been rumors on social media about the MEXC_CEO Twitter account. We sorry for any confusion caused by this incident and would like to clarify the following: Timeline of MEXC CEO’s account:🔹In… pic.twitter.com/xnwxylMEYy — MEXC (@MEXC_Official)…
Russia is betting big on crypto, aiming to legalize cross-border transactions in digital currencies by the second half of 2024. In a statement to the Russian newspaper Izvestia, Anatoly Aksakov, the head of the State Duma’s Financial Market Committee, supported the proposal to use crypto for cross-border payments, saying the idea is “absolutely right.” “We will exert maximum effort to pass the law in the first reading in March [2024], and in April-May in the second reading. This way, in the second half of 2024, businesses will be able to…
The Monetary Policy Committee of the Central Bank of the Republic of Turkey has named Professor Fatma Ozkul, a prominent specialist in blockchain technology and crypto assets, to the position. This appointment was made by President Recep Tayyip Erdoğan of Turkey. This appointment, which will take effect on December 23, 2023, represents a substantial integration of blockchain and cryptocurrency knowledge within the framework of the nation’s monetary policy. According to President Erdoğan, the hiring of Professor Ozkul is a component of a more comprehensive plan aimed at reorganizing Turkey’s economic…
Bitcoin price failed to extend gains above the $44,300 resistance. BTC is now moving lower and might find bids near the $42,400 support zone. Bitcoin started a downside correction from the $44,300 resistance zone. The price is trading below $43,500 and the 100 hourly Simple moving average. There is a key declining channel forming with support near $42,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase from the $42,400 support zone. Bitcoin Price Tops Again Bitcoin price attempted a…