Day: September 24, 2024

Turkey decides against taxing crypto profits this year

Vice President Cevdet Yilmaz confirmed that Turkey will not implement a tax on profits from crypto or stock trading this year. The government previously considered such a tax but has focused on reducing existing tax exemptions, according to Bloomberg reporting. The decision marks a significant moment for investors in Turkey’s financial markets, clarifying the government’s stance. The consideration of a tax on crypto and stock profits was initially postponed in June after the Turkish stock market experienced a decline. Instead, the government aims to refine existing tax rules, emphasizing the…

Leveraging Bitcoin’s Security for Trustless Asset Transfers

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That said, Ethereum’s flexibility is valuable for innovation, and its role shouldn’t be diminished. But when securing billions in cross-chain assets, Bitcoin’s proven security model is essential. By anchoring cross-chain tunnels to Bitcoin’s blockchain through mechanisms like Proof-of-Proof (PoP), we can create a system that inherits Bitcoin’s resistance to attacks without modifying its core protocol. Original

SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

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Este artículo también está disponible en español. SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September.  This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum.…

Reps grill Gensler and ‘rogue SEC’ on crypto oversight

All five SEC commissioners, including crypto-skeptic chair Gary Gensler, testified at a full congressional hearing where the agency was criticized for its “scorched earth” regulatory approach. Gary Gensler, chair of the U.S. Securities and Exchange Commission, along with commissioners Hester Peirce, Mark Uyeda, Caroline Crenshaw, and Jamie Lizárraga, appeared before members of the U.S. House Financial Services Committee to discuss crypto oversight for the first time since 2019. Lawmakers criticized SEC Chair Gary Gensler and the watchdog over its aggressive enforcement action strategy toward digital assets. For years, industry proponents…

What to Expect at Former Alameda Research CEO Caroline Ellison’s Sentencing

Kaplan sentenced Ryan Salame, the former CEO of FTX Digital Markets, to more than seven years in prison earlier this year. Like Ellison, Salame pled guilty to criminal charges, but unlike her, he did not testify or provide the same cooperation. He also faced different charges, but his sentence suggests the extreme upper bound for Ellison, if she does go to prison, will be a few years. Source

Crypto Experts Unveil Predictions For The Price

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Lil Pump Joins Forces with BC.GAME to Elevate the Future of Online Gaming

WILLEMSTAD, Curacao, Sept. 23, 2024 /PRNewswire/ — BC.GAME, the leading crypto igaming and sports betting platform, has partnered with chart-topping rapper Lil Pump to revolutionize online gaming. This exciting cooperation follows BC.GAME’s recent signing of music sensation Jason Derulo, solidifying the platform’s position as an entertainment and gaming powerhouse. BC.GAME welcomes Lil Pump, the flamboyant singer of “Gucci Gang” and “I Love It,” with his big social media following. His hiring fits the platform’s bold and inventive attitude. “I’m hyped to team up with BC.GAME!” Pump enthusiasm was evident. “Their…

U.S. House Democrat Waters Urges Stablecoin Bill Deal

“Under Chair Gensler, the SEC has become a rogue agency,” McHenry said. He lamented aggressive SEC crypto enforcement even as the House approved a widely bipartisan bill, the Financial Innovation and Technology for the 21st Century Act (FIT21), that showed that most of Congress disagreed with the agency’s approach to digital assets. Source