The cryptocurrency market is in turmoil as Bitcoin falls below the $55,000 support level! Mt. Gox repayment plan triggers chain reaction
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Tron founder Justin Sun wants to buy Bitcoin held in Germany on the OTC market to prevent market chaos.
Bitcoin’s fall below $58,000 sparked concerns of increased selling pressure due to Mt. Gox wallet activity and large transfers from the German government. But Robert Kiyosaki sees this as a buying opportunity as a bull run will emerge after the crash in late 2025.
Lombard aims to enhance Bitcoin's role in DeFi by introducing LBTC, allowing users to stake Bitcoin for yield while retaining liquidity, bridging traditional finance with blockchain innovation. Backed by a $16 million seed round led by Polychain Capital, Lombard plans to integrate LBTC across major DeFi platforms, promising to reshape the DeFi landscape with cross-chain compatibility.
According to Arkham data, the German government transferred as many as 2,800 Bitcoins on Monday (July 1) and Tuesday. According to the Bitcoin price at the time of writing (61,845USD), the total amount transferred The number exceeded US$170 million.
Tom Lee's prediction of Bitcoin reaching $150,000 by the end of the year depends on the resolution of the Mt. Gox allocation and the approval of a Bitcoin spot ETF. Despite recent market volatility, historical trends and positive investor sentiment suggest that significant price increases are possible.
GRIID Infrastructure Inc., an American-based infrastructure company operating bitcoin mining facilities, has been making significant strides since its inception. Now, with its acquisition by CleanSpark Inc., this promising company is poised to achieve even greater heights.
Bitcoin faces potential sell-off pressure from Mt. Gox repayments but may see recovery with FTX cash repayments later in the year.
Inspired by Vitalik Buterin's vision for scalable Ethereum solutions, MegaETH aims to pioneer real-time blockchain technology, backed by a $20 million seed funding round featuring Buterin as an angel investor. Set for an upcoming public testnet launch, MegaETH promises to revolutionize transaction speeds and scalability in blockchain applications.
Deepfake technology is increasingly used in cryptocurrency scams, impersonating figures like Elon Musk and Lee Hsien Loong to deceive users, resulting in over $79 billion in losses since 2022. This poses a significant threat to financial security and public trust.
The Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.
Israel's parliament, the Knesset, has given initial approval to a bill that seeks to extend tax benefits currently available to ...
The financial regulator reportedly unintentionally included 650 names and email addresses in communications with blockchain firm Green as part of an investigation.
Authorities in Romania have conducted over a dozen raids on individuals suspected of concealing earnings from bitcoin enterprises.
The LUNC community has voted to reduce the tax burn rate from 1.2% to 0.2%.
Lawmakers in a European country have drafted a 2023 budget that revealed a 28% tax on crypto assets held for under a year.
Staking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.
The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes.
Yield-generating app Stablegains, which is facing a lawsuit that lost about $44 million worth of user funds in the Terra crash, has previously said it allocated the funds to "multiple stablecoins."