Tag: News

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations – Taxes Bitcoin News

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A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine The National Securities and Stock Market Commission of Ukraine (NSSMC) has set up an advisory council that will be entrusted with the further development of the regulations for the digital asset market in the Eastern European nation. The…

We Don’t See a Viable Business in India – Exchanges Bitcoin News

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Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian Crypto Environment The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), does not currently see India as a viable country to expand his crypto exchange operations. He detailed at a Techcrunch Crypto conference Thursday: To be honest, I don’t think India is a very crypto-friendly environment. Zhao is particularly discouraged…

Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms – Economics Bitcoin News

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Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look great right now. Things are slowing down. You’re seeing layoffs in many, many sectors of the economy.” Jeff Bezos on U.S. Economy and How People Should Prepare for a Recession Jeff Bezos, founder and former CEO of retail giant Amazon, shared his…

Elon Musk, Jack Dorsey Address Suggestions to Allow Less Anonymity on Twitter – Featured Bitcoin News

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Former Twitter CEO Jack Dorsey and Elon Musk, Tesla’s CEO and the new owner of Twitter, have addressed suggestions that the social media platform should have less anonymity. Clinical psychologist Dr. Jordan B. Peterson is among the users who want less anonymity on the platform while Dorsey believes it would be a big mistake to impose a policy allowing less anonymity. Elon Musk and Jack Dorsey Discuss Twitter’s Anonymity The topic of how much anonymity Twitter should allow its users to have has been heavily discussed on the social media…

Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs – Bitcoin News

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Following the highly criticized New York Times article that features commentary from the former CEO of FTX, Sam Bankman-Fried (SBF), the public continues to give the mainstream media flak for publishing “puff pieces” about SBF and the Alameda Research executive Caroline Ellison. A number of articles have been called out for being too lenient on the former FTX and Alameda executives and even going as far complimenting the individuals. Critics Say Specific FTX-Related Articles Published by Forbes, Washington Post, and the Wall Street Journal Give Praise to FTX and Alameda…

World Cup Predictions Live Now on Bitcoin.com Games, Predict Every Match to Win up to 500 Free Rounds at the Casino – Promoted Bitcoin News

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🏆The much-awaited football-themed promotion ‘World Cup Predictions’ is now live! The world at large has set its eyes on the games happening at the FIFA World Cup 2022 in Qatar. Everyone at least knows one such person who is fanatically hyped up about their favorite teams or players on the roster. While professional players battle it out on the field, football enthusiasts can place their bets on the outcome of these world cup matches in the newly launched World Cup Predictions promotion by Bitcoin.com Games. 🎯Bet on your favorite games,…

Altcoin SNM’s 4,000% Price Surge in 24 Hours Fuels Pump and Dump Claims – Altcoins Bitcoin News

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The trading price of the altcoin SNM suddenly rose by over 4,000% to $10.91 on Nov. 20, 5:30 a.m. (ET), while the coin’s 24-hour trade volume stood at just over $720 million. The altcoin’s abrupt price surge has fueled speculation that the altcoin is being targeted by a pump-and-dump group. Binance Dominates the Altcoin’s Trade Volumes SNM, an altcoin, which had only previously traded above one dollar on April 30, 2021, went up by more than 4,000% to $6.70 — a new all-time high — on Nov. 20, 5:30 a.m.…

Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange – Bitcoin News

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While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov. 19, 2022, as the trading platform holds roughly 582,054 bitcoin worth $9.62 billion using bitcoin’s exchange rate on Nov. 20, 2022. Binance Holds Close to 600,000 Bitcoin Today or Roughly 2.77% of the 21 Million…

$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News

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While it’s widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million worth of FTX-related bitcoins somehow vanished as well. At one point, FTX held $3.3 billion worth of bitcoins during its heyday, but by Nov. 7, 2022, the exchange held 0.25 bitcoin. 5 Days Before FTX Filed for Bankruptcy, 20,176 Bitcoin Left the Exchange in Less Than 24 Hours After Binance’s CEO Changpeng Zhao (CZ) told the public that…

‘FTX Accounts Drainer’ Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC – Bitcoin News

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The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts Drainer” transferred roughly 50,000 ether out of the wallet. By leveraging Ren’s bitcoin gateway, the entity has been swapping out the ethereum in exchange for bitcoin. The ‘FTX Accounts Drainer’ Entity Wants Bitcoin The wallet known as “FTX Accounts Drainer” has dropped from…