Tag: Period

Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy

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The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed. This is a stark contrast to February and January, when the network experienced a significant expansion.  Dogecoin Has Added Only 60,000 New Addresses In March Data from the market intelligence platform Santiment shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month. At the start of the month, 6.51 million users were holding the meme coin, with this figure only…

Crypto exchange grace period to remain unchanged in Hong Kong despite scandals

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A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals. According to local news reports on Nov. 27, Julia Leung, Hong Kong’s Under Secretary for Financial Services and the Treasury, stated, “Even if the grace period ends tomorrow, fraud will still occur, so there is no intention to modify the grace period and other measures for the time being.”  As per new regulations introduced in June, crypto exchanges operating in Hong Kong must apply for a Virtual Asset Service Provider (VASP) license…

IRS extends comments period for new crypto tax rule to mid-November

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until Nov. 13.  The “Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions” were made public on Aug. 29. According to the regulations, brokers will need to adopt a novel reporting form to streamline tax submissions and reduce instances of tax evasion. The proposed Form 1099-DA would “help taxpayers determine if they owe taxes, and…

ICO to review period and fertility tracking apps as poll shows more than half of women are concerned over data security

The poll was conducted by Savanta. Savanta surveyed 1,152 UK women aged 18+ between 1-3 September 2023. Data was weighted to be representative by age, gender, region, and social grade. Savanta is a member of the British Polling Council and abides by its rules. Respondents were asked the follow questions: Q1. Have you ever used an app to track any of the following [select all that apply]? a. To track your periodb. To prevent a pregnancyc. To plan a pregnancyd. None of these Results of note: 34% of women (395)…

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

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As the United States Securities and Exchange Commission (SEC) seeks an interlocutory appeal in its case against Ripple Labs, lawyers working in the crypto space expressed confidence in Ripple’s case, with some underscoring that the XRP (XRP) token is not a security.  On Aug. 9, the SEC sent a letter to Judge Analisa Torres stating that it was moving to appeal the court decision, which it says warrants a fresh look by an appellate court. The SEC asked the judge to put the case on hold while the appeal is in…

Voyager customers targeted by scammers during 30-day withdrawal period: Report

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Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added. Voyager customers withdrew $490 million between June 23 and July 22. That sum was almost 80% of the amount available, Azman said at a hearing of the Southern District of New York Bankruptcy Court held by telephone. According to Bloomberg, scammers used…