Tag: Report

Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report

Taxpayers in Thailand who profit from cryptocurrencies will be subject to a 15% capital gains tax this year, according to the Bangkok Post. Exchanges will be exempt, but not retail investors or mining operators, according to the newspaper, which cited an unidentified person at the Finance Ministry. The Revenue Department plans to strengthen its surveillance of cryptocurrency trading after it experienced significant growth in market size and the value of the digital asset market in 2021, according to the report. According to Section 40 of the Royal Decree amending Revenue…

Bitcoin Falls To $43k After Fed FOMC Meeting Report Show Commitment To Decrease Balance Sheet

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As the price of Bitcoin hovers just around $43,000, the cryptocurrency community is buzzing with expectation.  This is due to the sideways price action following Federal Reserve commitment to decrease balance sheet. Bitcoin and Crypto Market Crash The price of bitcoin fell below $44,000 shortly after the Federal Reserve’s December FOMC meeting notes re-confirmed efforts to regulate the balance sheet. After minutes from the Federal Reserve’s December FOMC meeting revealed that the regulator is dedicated to reducing its balance sheet and hiking interest rates in 2022, Bitcoin (BTC) and the…

Sygnum Valued at $800M in $90M Funding Round: Report

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company. Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement. Sygnum is based in Switzerland and Singapore. Its products include regulated trading of crypto currencies. Source

Singapore Tycoons’ Sons Plan Private NFT Club That Will Become an ARC to the Metaverse: Report

A son of a Singapore financier and a son of the family that started Mewah International Inc., an edible oils company, have founded ARC, a private, NFT-based social networking app that will be open to anyone who owns their non-fungible token, Bloomberg News reported on Thursday. They plan to eventually create an “ARC metaverse,” a huge virtual community that includes a gaming element. Source

President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report

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The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022.  According to a Wednesday report from the Washington Post citing people familiar with the matter, U.S. President Joe Biden is still considering Duke University law professor Sarah Bloom Raskin to join the group of seven governors serving at the Federal Reserve this year, in addition to economists Lisa Cook and Philip Jefferson. Cook teaches at Michigan State University and…

Grayscale Report Shows The Good, The Bad, And The Ugly Of The Cardano Network

Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth. Cardano is the third-largest holding of Grayscale in its GDLC Fund (Grayscale Digital Large Cap Fund). This is why the asset manager has taken a vested interest in the asset and is educating its investors…

Blockchain can add $1.76 trillion to global GDP by 2030, says report

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A new PwC study found that blockchain technology through its wide range of use cases will potentially add $1.76 trillion to the global gross domestic product in the next 10 years. It would make 1.4% of the global GDP in 2030. The report states that increasing interest in blockchain technology is primarily due to the need for a more efficient system that can integrate trust in processes that depend on intermediaries. In another survey, PwC found that more than 50% of the CEOs believed the faltering trust in the business…

Report on global blockchain ecosystem by CV VC, PwC and Cointelegraph

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From enterprise blockchain adoption to the rise of decentralized finance, it seems like the blockchain landscape is constantly evolving in different ways. While impressive, it’s important to understand how blockchain is being applied within various industries. In order to highlight blockchain’s current global impact, a Swiss blockchain investment firm, CV VC, is releasing a new report together with Big Four firm PricewaterhouseCoopers Switzerland and Cointelegraph.  Entitled “CV VC Global Report H1/2020,” this report provides a detailed overview of companies applying blockchain technology across eight different sectors, including art, crypto banking,…