US Senator: New Treasury Secretary Will Champion Digital Assets

December 14, 2024 Bitcoin.com

bitcoin.com

A senator hails Scott Bessent as a champion for digital assets, backing his Treasury Secretary nomination to advance a Strategic Bitcoin Reserve and reshape U.S. fiscal policy. The Pro-Crypto Leader Poised to Shape US Fiscal Policy U.S. Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Ukraine set to legalize crypto by 2025 under strict regulations

December 12, 2024 Coin Telegraph

capital gains tax

Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.

Ukraine reportedly plans to legalize cryptocurrencies in early 2025, according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, but the legislation will not include tax breaks.

The draft bill, currently under review, is expected to be finalized by early 2025 in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF). Its primary aim is to regulate digital assets while ensuring fiscal oversight.

Despite earlier speculation around possible tax incentives, standard taxation rules similar to securities trading will be applied under the legalized framework — meaning all profits from crypto transactions will be taxed upon conversion to fiat currencies.

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Australian Regulator Seeks Public Input on Crypto-Asset Regulations

December 5, 2024 Bitcoin.com

bitcoin.com

The Australian Securities and Investments Commission (ASIC) is seeking public input on various issues, including the application of existing regulations to digital assets. A Well-Regulated Financial System for All The ASIC has released a consultation paper proposing updates to Information Sheet (INFO) 225 on crypto-assets. The regulator said the evolving digital asset market necessitates updating […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Dubai Police Teams Up With Crystal Intelligence to Tackle Crypto Crime

December 1, 2024 Bitcoin.com

bitcoin.com

Dubai Police has partnered with blockchain analytics firm Crystal Intelligence and virtual asset broker-dealer Bitoasis to enhance security and combat economic crimes in the digital asset space. Making Dubai the ‘Safest City in the World’ Blockchain analytics firm Crystal Intelligence recently announced a partnership with the Dubai Police to identify and predict future economic crimes […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Impact of Digital Assets on Financial Stability Minimal: NY Fed Report Says

November 27, 2024 Bitcoin.com

bitcoin.com

The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

November 24, 2024 Bitcoin.com

Altcoins

As bitcoin catches its breath on the sidelines, a wave of digital currencies is charging ahead, making big moves. Meanwhile, the infamous Altcoin Season Index is climbing, signaling exciting times for traders who love the chaos of alternative crypto markets. Bitcoin Takes a Breather as Altcoins Steal the Show According to the Altcoin Season Index […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Altcoins Shine as Crypto Economy Hits $3.29T: OM, XLM, ADA and XRP Drive the Frenzy

November 22, 2024 Bitcoin.com

Altcoins

This week, the crypto economy soared to an astounding $3.29 trillion. Bitcoin (BTC) rose by 10%, while ether (ETH) followed closely with a 9% uptick. Meanwhile, a wide array of alternative digital currencies posted impressive gains, with many achieving growth in the double- and even triple-digit range. From DOGE to XLM, Crypto Market Thrives As […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

The Crypto Cleanup: South Africa’s New Bid to Exit FATF’s Grey List

November 20, 2024 Bitcoin.com

bitcoin.com

South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South African financial intelligence unit has issued a directive obligating digital asset platforms to collect the identities of parties involved in cryptocurrency transactions. […]

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Wall Street’s EDX crypto exchange hits $36B trading volume in 2024

November 15, 2024 Coin Telegraph

Wall Street’s EDX crypto exchange hits B trading volume in 2024

Coin Telegraph

According to EDX Markets, its average daily volume rose by 59% over the third quarter of 2024.

Crypto exchange EDX Markets has seen trading activity take off on its platform in 2024, reporting over $36 billion in volume since January from institutional clients.

According to the exchange, its average daily volume rose by 59% over the third quarter of this year. EDX’s proprietary matching engine is said to have processed more than 2 million trades and over 2.6 billion orders in October.

Founded in 2022, the company is backed by many top Wall Street firms, including Charles Schwab, Citadel Securities, Fidelity Digital Assets and Sequoia Capital.

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

Scammed: Korean Police Bust $232M Fraudulent Crypto Scheme, Youtube Star at Center

November 14, 2024 Bitcoin.com

Scammed: Korean Police Bust 2M Fraudulent Crypto Scheme, Youtube Star at Center

bitcoin.com

South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by […]

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