Japan to Launch Major Crypto Tax Reforms In 2024
Japan will likely eliminate the crypto tax on unrealized gains from cryptocurrency investments beginning in 2024. At a cabinet meeting on December 22nd, the Japanese government reached a definitive decision regarding the crypto tax reform framework for the fiscal year 2024. A substantial amendment to this reform affects corporations that possess crypto assets. The amendment […]
Coinbase And Top Crypto Firms Make US Political Donations
This week, a16z, Coinbase, and Circle contributed $78 million to Fairshake, a federal super PAC that facilitates election expenditures. In response to the heightened regulatory scrutiny of the cryptocurrency market in Washington, crypto companies are augmenting their political contributions by a substantial margin. Prominent entities, including Nasdaq-listed exchange Coinbase, stablecoin operator Circle, and a16z, the […]
US PCE Inflation: Reasons For Bitcoin And Crypto Market Rise
Bitcoin and other cryptocurrency markets surged prior to inflation data and a predicted Santa Claus rally, as measured by US PCE inflation. Today, the Bureau of Economic Analysis of the United States will release November’s personal consumption expenditures (PCE) inflation data. The annual PCE inflation is anticipated to decrease to 2.8% from 3.0% last month, […]
Survey: Crypto Job Compensation Favors Equity
A mere 50% of the employees surveyed were granted equity, as opposed to the below 40% who were granted tokens, as indicated by the survey. Recent recruits in the cryptocurrency industry are more likely to receive equity than tokens, according to a survey by Variant and Union Square Ventures. The two cryptocurrency firms surveyed companies […]
BitMEX’s Arthur Hayes Predicts Ethereum to Reach $5000
Due to market dynamics, Arthur Hayes shocks the crypto community by abandoning Solana in favor of Ethereum and predicting a price of $5000. BitMEX co-founder Arthur Hayes, a notable character in the cryptocurrency space, recently caused commotion in the digital asset space with his remarks on Solana and Ethereum. In the interim, Hayes utilized the […]