Key Takeaways Leading crypto mining company, HIVE Digital Technologies has announced plans to relocate its headquarters from Vancouver, Canada, to San Antonio, Texas. Texas has become a significant location for crypto mining, offering benefits such as lower electricity costs, access…
Key Takeaways Switzerland has taken a significant step toward considering Bitcoin as part of its national reserves. A new proposal, titled “For a Financially Strong, Sovereign, and Responsible Switzerland,” seeks to include the crypto alongside traditional reserve assets such as…
Key Takeaways The United States Internal Revenue Service (IRS) has provided temporary relief for crypto holders by postponing the enforcement of a new rule regarding how gains and losses are calculated for tax purposes. This reprieve, which applies until December…
Key Takeaways The Hanoi City Police have dismantled a crypto scam that defrauded victims of around 30 billion Vietnamese dong (roughly $1.17 million). The scam, led by a company called Million Smiles, targeted hundreds of individuals and businesses across Vietnam,…
Key Takeaways Hong Kong lawmaker Wu Jie has called on the government to explore incorporating Bitcoin into its fiscal reserves, a move he believes could strengthen the region’s financial stability and global competitiveness. Speaking to local media, Wu emphasized the…
Key Takeaways The Securities Commission (SC) of Malaysia has ordered Bybit, to cease all operations in the country for failing to register as a digital asset exchange (DAX). As part of the order, Bybit must disable its website, mobile applications,…
Key Takeaways El Salvador has solidified its position as one of the world’s largest Bitcoin holders, surpassing 6,000 BTC in national reserves. On December 28, the country made a symbolic purchase of 1 BTC, bringing its total holdings to 6,000.77…
Key Takeaways Three famous pro-crypto groups- The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council have filed a lawsuit against the Internal Revenue Service (IRS) over its newly finalized broker reporting requirements for decentralized finance (DeFi) platforms. The lawsuit,…
Key Takeaways Japanese financial services firm SBI VC Trade has announced plans to acquire the remaining assets and user accounts of the crypto exchange DMM Bitcoin. This move follows DMM Bitcoin’s decision to cease operations after suffering a $320 million…
Key Takeaways Hong Kong is taking significant steps toward regulating stablecoins with the introduction of the Stablecoins Bill to its Legislative Council. The Stablecoins Bill sets out requirements for stablecoin issuers, outlines conditions for offering stablecoins, and implements marketing restrictions…
