Japan Entice Startups With Corporate Crypto Tax Consideration
Two crypto lobby groups recently asked the government to change the country’s Corporate Crypto Tax laws. Currently, investors can pay up to 55% on capital gains when they sell crypto. On Wednesday, Yomiuri, a local newspaper, said that Japan would look at its current corporate crypto tax rates to keep startups in the country. Japan’s […]
Zipmex Activates Recovery Plan, Restructuring Firm Helps
Zipmex has hired KordaMentha as its financial adviser to oversee a plan to get back on its feet. After having to stop withdrawals and file for protection from creditors in July, Singapore-based cryptocurrency exchange Zipmex hired a restructuring firm to help with a plan to get back on its feet. The exchange said on its […]
The Merge – Binance to halt ETH and ERC-20 deposits and withdrawals
Binance has announced plans to suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens once The Merge takes place i.e when the ETH network switches to its proof-of-stake (PoS) Beacon chain. The move was revealed by the largest exchange in the world by transaction volume in an effort to maintain stability during ‘The Merge,’ […]
Ethereum developer discusses node centralization before Merge
Most of the 4,653 active Ethereum nodes are managed by centralized web service providers like Amazon Web Services, which experts worry might turn into a single point of failure. In a few weeks, Ethereum will formally switch from its current proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) mining consensus. The official Merge transfer is […]
Zipmex wants to meet with Thai officials for “recovery strategy”
According to the company, the discussions would also involve representatives from Zipmex, Thailand’s SEC, and other governmental organizations. To discuss the company’s “recovery strategy,” Zipmex has asked to meet with the Securities Exchange Commission of Thailand (SEC) and other regulators. In a statement released on August 25, Zipmex stated that it has sent a letter […]