Day: March 14, 2024

Thailand approves crypto tax break to boost its digital economy

Thailand’s cabinet approved a tax exemption measure for crypto earnings to boost the country’s competitive edge in digital finance. This strategic move targets earnings derived from investment tokens, granting investors a significant advantage by exempting these profits from personal income tax calculations. According to local reports, the policy will take effect on January 1, 2024. The policy underscores the government’s recognition of digital tokens as a crucial fundraising tool for local businesses. Thailand opens doors for big institutions, blockchain developers and traders to access U.S. spot #Bitcoin  ETFs. Thailand is…

South Africa to license 60 crypto exchanges in regulatory milestone

South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.  Approximately 60 digital asset platforms are expected to receive their permits by the end of this month, ensuring they operate within regulatory guidelines. In an interview with Bloomberg, the Commission of the Financial Sector Conduct Authority (FSCA) revealed this today.  FSCA has issued a deadline of November 30 for exchanges to submit their licensing applications. Failure to comply could result in regulatory sanctions. The call for applications saw over 300 crypto-asset…

BNB Price Breaks $600, Why Bulls Could Now Aim New ATH

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BNB price is gaining bullish momentum above the $550 resistance. The price is showing positive signs and might extend its rally above $650. BNB price is up over 15% and it broke the $600 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $598 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could continue to rise toward the $650 resistance zone or even $700. BNB…

Peter Schiff Downplays Importance of Bitcoin Halving — Discusses ‘What Matters Most’ for BTC Price

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Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and […] Original

New AI Crypto Presale Raises $9m: 5 Days Left to Buy Scotty the AI Before Exchange Listings

A new meme coin, Scotty the AI (SCOTTY), is turning heads and raking in substantial investment dollars during its limited-time presale. With $9 million raised already, crypto traders have been scrambling to buy SCOTTY tokens before the presale window ends in five days. Scotty the AI Unleashes Meme Power & AI Utility While meme coins […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum Price Faces Many Hurdles, Downside Thrust Before Fresh Increase?

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Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,025 resistance zone. Ethereum Price Holds Support Ethereum…

New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations

A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey and Reves A federal court in New York has affirmed the plausibility of the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Price Might Be On The Verge To Surge Toward $75K

Bitcoin price is eyeing more gains above the $73,000 resistance. BTC is setting up for a move toward the $75,000 resistance in the near term. Bitcoin price is showing positive signs and eyeing more gains above the $73,000 zone. The price is trading above $72,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $72,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $73,450 and $73,500…

BNB Price Soars As Binance Smart Chain Implements “BEP 336” Upgrade, Inspired By Ethereum’s Dencun

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Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of Binance Coin (BNB) towards its previous all-time high (ATH) of $686, reached in May 2021. BNB Smart Chain Cost-Effective Data Solution According to the protocol’s announcement, BEP 336 introduces an innovative concept called “Blob-Carrying Transactions” (BlobTx) that will change how…