El Salvador’s Bitcoin wallet has defied expectations by not only recovering from previous losses but also experiencing significant gains. President Nayib Bukele has called out critics, urging them to retract their disparaging remarks and acknowledge the success of the nation’s crypto strategy. Bitcoin’s journey has been volatile, with its value initially rising before a decline […]
El Salvador’s President, Nayib Bukele, claims that the country’s Bitcoin investment has turned profitable despite data showing losses. Bukele, who is currently on a six-month leave from office for his reelection campaign, stated that if they were to sell their Bitcoin holdings at the current market price, they would not only recover their investment but […]
El Salvador’s President, Nayib Bukele, claims that the country’s Bitcoin investment has turned profitable despite data showing losses. Bukele, who is currently on a six-month leave from office for his reelection campaign, stated that if they were to sell their Bitcoin holdings at the current market price, they would not only recover their investment but […]
The UK Treasury Committee is expressing concerns about the potential introduction of a retail Central Bank Digital Currency (CBDC), or digital pound, due to the risks it may pose to the economy. Lawmakers are worried that allowing people to quickly switch large amounts of bank deposits into digital pounds during market turmoil could lead to […]
The UK Treasury Committee is expressing concerns about the potential introduction of a retail Central Bank Digital Currency (CBDC), or digital pound, due to the risks it may pose to the economy. Lawmakers are worried that allowing people to quickly switch large amounts of bank deposits into digital pounds during market turmoil could lead to […]
South Korean financial regulators have called on consumers to report any unlicensed cryptocurrency exchanges operating in the country. The Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA) are collaborating on this initiative. The largest virtual asset exchanges in South Korea, including Coinone, Korbit, Gopax, Upbit, and Bithumb, are part of DAXA. Reports […]
South Korean financial regulators have called on consumers to report any unlicensed cryptocurrency exchanges operating in the country. The Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA) are collaborating on this initiative. The largest virtual asset exchanges in South Korea, including Coinone, Korbit, Gopax, Upbit, and Bithumb, are part of DAXA. Reports […]
FTX, a cryptocurrency exchange, is challenging the Internal Revenue Service’s (IRS) estimated tax claims of $24 billion, arguing that they are exaggerated and unsupported by evidence. The IRS claims are seen as a potential obstacle to the approval of FTX’s Chapter 11 plan. FTX asserts that the claims are disproportionate to its earnings and potential […]
FTX, a cryptocurrency exchange, is challenging the Internal Revenue Service’s (IRS) estimated tax claims of $24 billion, arguing that they are exaggerated and unsupported by evidence. The IRS claims are seen as a potential obstacle to the approval of FTX’s Chapter 11 plan. FTX asserts that the claims are disproportionate to its earnings and potential […]
Financial regulators in South Korea have issued an update urging users to report any unlicensed cryptocurrency exchanges operating in the country. The Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU) are working together on this initiative. DAXA consists of five major virtual asset exchanges in South Korea, including Upbit, Bithumb, Coinone, Korbit, […]
