Bitcoin Bulls Eye July Rally as Crypto Market Recovers
Bitcoin has a history of posting positive returns in July, according to a report by Matrixport. The crypto-services provider expects the cryptocurrency to test the $40,000 level by the end of the year. Bitcoin (BTC), the largest cryptocurrency by market cap, tends to rally in July, crypto-services provider Matrixport said in a report on Wednesday. […]
FCA Loses Its Digital Assets Head After Less Than a Year
Binu Paul, the head of digital assets at the UK’s Financial Conduct Authority (FCA), has resigned from his position after less than a year on the job. Paul led the FCA’s regulatory activities on crypto firms and oversaw the registration process for crypto asset businesses. Paul joined the FCA in October last year from New […]
Sygnum Singapore to offer Crypto Brokerage Amid Demand
The Monetary Authority of Singapore has granted Sygnum AG in-principle approval to offer crypto brokerage services to fund houses, family offices, and institutions. Sygnum AG, a digital-asset bank in Singapore, is gearing up to launch its crypto brokerage service in Singapore after obtaining in-principle approval from the local regulator. The bank reported a high demand […]
Japan Gives Tax Break to Crypto Issuers to Boost Blockchain Sector
Japan has revised its tax rules for cryptocurrency issuers, exempting them from paying corporate taxes on unrealized gains on tokens they issued and held. The tax exemption aims to facilitate business activities involving token issuance and support the growth of Japan’s blockchain and crypto sectors. Japan is one of the pioneers in regulating and adopting […]
DWF Labs Partners with Algorand Foundation to Support Algorand Ecosystem
DWF Labs, a Web3 investment company, has partnered with the Algorand Foundation to support the growth and development of the Algorand blockchain ecosystem. The partnership involves a $50 million purchase of ALGO tokens and a memorandum of understanding to fund projects built on Algorand. The Algorand blockchain is a high-performance, permissionless platform that enables fast, […]