While Bappebti has not specified how it wants the Finance Ministry to revise the taxes, it is likely that it seeks the removal of VAT, to match how stocks are treated. The industry expects the shift in oversight to OJK – which oversees all financial services in Indonesia, including banking, capital markets, insurance and pensions – could mean crypto will be treated as securities in the country. Source
The Australian computer scientist has long maintained he’s Satoshi Nakamoto, the pseudonymous author of Bitcoin’s foundational document known as the whitepaper. A group of industry participants called the Crypto Open Patent Alliance (COPA) and several Bitcoin developers filed suit against Wright, alleging he’d committed forgeries of an “industrial scale” in trying to prove he’s Satoshi. Source
BlackRock’s iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds, started trading on the Brazilian stock exchange B3, the company said. The asset manager announced the expansion on Thursday. Original
On-chain data shows Bitcoin currently has a thick supply wall between the $60,300 and $62,155 levels that may prevent the asset from falling lower. A Large Amount Of Bitcoin Was Bought Near Current Prices As explained by analyst Ali in a new post on X, BTC has a major support wall just below it right now. In on-chain analysis, the strength of support and resistance levels is gauged through the amount of Bitcoin that the investors bought at them. The chart below shows how the distribution of the investor cost…
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By Enoch Mutembei As the sentencing date for Sam Bankman-Fried, the former FTX CEO, approaches, a plea for clemency has emerged from an unexpected source – his own family. In a recent filing to the United States District Court for the Southern District of New York, SBF’s lawyers submitted 29 letters of support, including heartfelt recommendations from his mother, father, and brother. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of the 31-year-old former CEO, all penned letters to Judge Lewis Kaplan, shedding light on SBF’s…
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), single-handedly offset Grayscale’s bitcoin ETF outflow of $600 million on Thursday. Blackrock’s bitcoin ETF has broken both its trading volume and inflow records this week. The fund’s crypto holdings have risen to 161K bitcoins. Blackrock Continues to See Massive Inflows Blackrock’s spot bitcoin exchange-traded […] Original
XRP witnessed an uptick this week moving closer to its 2024 high, but several trends have been cited by crypto analysts that could drive the token even higher in the coming months. XRP Poised For A Positive Upward Trajectory Crypto Egrag, a well-known cryptocurrency expert and trader, has shared his latest insights on the price action of XRP with the community on the social media platform X (formerly Twitter). His analysis came in light of the general correction witnessed in the crypto market a few days back. Egrag’s latest predictions delve…
Theta Capital introduces a new $200M fund, Theta Blockchain Ventures IV, targeting early-stage blockchain infrastructure. Theta Capital Management B.V., a leading global investor in blockchain venture capital funds, has launched Theta Blockchain Ventures IV, a significant new fund aimed at investing in the foundational infrastructure of blockchain technology. With a targeted total of $200 million in commitments, the fund marks a strategic move to capitalize on what Theta Capital views as a generational investment opportunity within the blockchain sector. Theta Capital has a history of deploying over $650 million in…
CORRECTION (19:08 UTC): An original version of this story misinterpreted data from DefiLlama to suggest that most of the funds in the original Blast deposit contract were withdrawn immediately after the network’s launch this week. The funds were indeed withdrawn from the Blast contract, but further analysis shows that most of the funds were just moved to a new address associated with Blast’s mainnet, not withdrawn from Blast entirely. Source