South Korea is weighing yet another delay to its planned cryptocurrency income tax, which is currently set to take effect on January 1, as per local news media reports. According to the report, the tax could be pushed all the…
In an interesting development, Michael Saylor’s leading Bitcoin treasury firm Strategy paused its Bitcoin purchase and chose to pour money into repurchasing its own preferred stock last week. The company spent $204.9 million buying back STRC shares while making zero…
More companies are pushing back against having their shares tokenized on a new trading platform backed by crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. A Reuters report had revealed that six…
Leading crypto exchange Bybit has reached a new regulatory milestone in one of its key markets, announcing on October 22 that its Dubai subsidiary, Bybit Fintech FZE, had obtained a full Virtual Asset Service Provider (VASP) license from the Dubai…
In a major development, China has laid out plans to largely finish building a nationwide blockchain network by 2030, according to a five-year digital development plan published Friday. The target comes from the National Informatisation Plan for the 15th Five-Year…
A security breach forced layer-1 blockchain Initia (INIT) to shut down its entire network on Friday, after an attacker exploited a flaw in its token-minting system to steal roughly $2.6 million in crypto assets. Blockchain security researcher Spreek was the…
A significant overhaul of the IRS’s (Internal Revenue Service) voluntary disclosure program is in the works, a recent report by Forbes has revealed. The changes would reduce penalties for taxpayers and speed up how quickly cases get resolved, with crypto-related…
Fairshake, the crypto Political Action Commitee (PAC), is spending money in a Bay Area House contest that was already decided once this year. Its Democratic-focused affiliate, Protect Progress, disclosed in a Sunday filing with the US Federal Election Commission (FEC)…
In a bid to curb China’s influence in the Artificial Intelligence sector, United States has moved to cut DeepSeek out of the civilian side of the federal government. The US Department of Homeland Security issued an order directing agencies to…
In an effort to standardise a crypto tax reporting framework, Australia is working on a regulation with its Treasury officials announcing on Thursday that a newly drafted bill would write the Organisation for Economic Co-operation and Development (OECD’s) Crypto-Asset Reporting…
