Tag: Report

Thailand Axes 15% Crypto Withholding Tax Plans Following Pushback: Report

Thailand has axed plans to levy a 15% withholding tax on cryptocurrency transactions following pushback from the country’s crypto traders. Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said on Monday, according to a Financial Times report. The new rules would allow traders to offset their losses against gains made in the same year. Thailand’s Revenue Department previously had plans to strengthen its oversight of cryptocurrency trading following significant growth in the size and value of the market in 2021.…

Gaming Market Business Activities to Surpass $150B in 2022, Report Says

A report forecasts that the gaming market, including deals, and fundraising exercises, will amount to more than $150 billion in 2022. According to investment banking firm Drake Star Partners, the video gaming sector will hit a market valuation of over $150 billion in 2022. This will encompass deals, financing, and initial public offerings, the forecast added. The gaming sector began this year with two mega acquisitions. The first one was Microsoft Corp (NASDAQ: MSFT), pitching almost $70 billion for video game giant Activision Blizzard (NASDAQ: ATVI). There was also an $11 million bid from video game…

Turkish Crypto Firm Bitci Eyes Expansion Into Brazil, Spain: Report

Turkish crypto firm Bitci is eyeing international expansion with Brazil and Spain being the first countries in line, Chief Executive Onur Altan Tan said in an interview. The company is aiming to open a trading platform in Brazil next month with plans to open a Spanish one in March, Reuters reported on Monday. Bitci operate a crypto exchange, a mining facility, and offers fan tokens in partnership with major sports brands. Last year, the firm launched fan tokens for the national soccer teams of both Brazil and Spain to go…

The Big Numbers from Ark's Big Ideas Report

This episode is sponsored by Nexo, Abra and FTX US. Download this episode On this week’s “Long Reads Sunday,” NLW pulls out some of the most interesting data from innovation investor ARK’s latest report. See also: Cathie Wood on Why Central Banks Will Add Bitcoin to Their Balance Sheets “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown”…

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils – Regulation Bitcoin News

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other government institutions about the future of decentralized digital money in Russia. Moscow Moves to Adopt Rules for Cryptocurrencies After Putin’s Call Soon after Russian President Vladimir Putin urged government officials to reach a consensus on how to regulate cryptocurrencies, Deputy Prime Minister Dmitry Chernyshenko has…

Nansen Report Highlights Growth of Defi and NFTs in 2021 – Defi Bitcoin News

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Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. Nansen Puts 2021 in Review Nansen, a blockchain analytics firm backed by Coinbase Ventures and a16z, has presented a report about the behavior and growth that decentralized finance and NFTs experienced in the…

Bitcoin Miner Greenidge’s NY Power Plant Permit Delayed: Report

The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use it’s power plant in the town of Dresden for bitcoin mining, Bloomberg reported. The decision is now expected to come by March 31, two months later than originally planned, the report said. The delay will help NYSDEC complete its review with public comments, Bloomberg said, citing a spokesperson. The miner applied last year to renew its permits for the plant, the first time it’s come up for…

Google Cloud Hiring Team of Blockchain Experts: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Crypto Industry Heavyweights Form Political Action Committee for U.S. Midterms: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Russian Government Agrees on Road Map to Regulate Crypto: Report

The plan was drafted by a working group comprising several government agencies, including the Ministry of Finance, Ministry of Economic Development, General Prosecutor’s Office, Rosfinmonitoring (the federal body responsible for combating money laundering and terrorist financing), Federal Tax Service, Ministry of Digital Development, Bank of Russia, Federal Security Service and Ministry of Interior. Source