Malaysia To Combat Crypto Tax Evaders with Ops Token
IRB official Datuk Abu Tariq Jamaluddin cautions crypto traders to declare taxes or face penalties. The Inland Revenue Board (IRB), a federal agency in Malaysia, implemented a unique operation known as “Ops Token” to mitigate the loss of tax revenue from crypto trading. Local media outlet The Malaysian Reserve reported that 38 personnel from the Royal Malaysia […]
Nate Geraci Labels Ethereum ETF Approval Process Political
Nate Geraci, the president of The ETF Store, criticized mainstream media outlets’ coverage of the Ethereum (ETH) ETF approval process, alleging political motives. Nate Geraci underscored a significant shift toward politicization in regulatory decision-making, expressing frustration over what he perceives as mismanaging the ETF approval coverage. He cited Grayscale’s successful negotiation of the regulatory landscape […]
Remilia DAO Hacker Transfers $4.3M to Tornado Cash
In March, the hacker who perpetrated the $4.3 million Remilia DAO hack transferred the stolen crypto assets through the Tornado Cash crypto mixer, according to Certik. CertiK, a blockchain analysis company, reported on June 17 that 1,209.5 Ether, equivalent to approximately $4.3 million, was deposited into Tornado Cash. CertiK traced the assets to numerous addresses […]
Stablecoins Could Help US Compete with China – Paul Ryan
According to a former U.S. House of Representatives speaker, Paul Ryan, the US dollar could maintain pace with the Chinese yuan through dollar-pegged stablecoins. In an opinion piece published in the Wall Street Journal on June 13, Paul Ryan contended that dollar-backed stablecoins are “one solution” to maintain the dollar’s appeal, as the United States […]
Whale Dumps 31M XRP Coins Amid Price Dip
According to data from Whale Alert, an XRP whale transferred 31 million coins to two centralized exchanges amid a recent price dip within 24 hours. According to on-chain statistics, the recent price recovery resulted in the disposal of nearly 31 million XRP coins within 24 hours. Like all other whale activities, this action has elicited […]