Cryptocurrency Analysis and News Portal
With the easing of pressure from authorities, Tencent shares may still see additional upshoots when compared to the level it is currently at this time.The shares of Chinese multinational internet giant Tencent Holdings Ltd (HKG: 0700) have seen multi-month highs as the broader tech industry retraced their plunging valuation with
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Presently Japanese crypto firms pay a set 30% corporate tax rate on their holdings, regardless of whether or not they made a profit. Due to this stringent tax law over the past years, some local crypto firms reportedly chose to move their business elsewhere. This development has impacted the country’s economic
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The Japanese government is set to ease tax requirements for local crypto firms, as it pushes to stimulate growth in the domestic finance and tech sectors. At present, Japanese firms that issue crypto are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t
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A $250 surprise rally took place between Oct. 25 and Oct. 26, pushing the price of Ether (ETH) from $1,345 to $1,595. The movement caused $570 million in liquidations in Ether’s bearish bets at derivatives exchanges, which was the largest event in more than 12 months. Ether’s price also rallied
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In addition to issuing 87 million shares, which equates to around 15% of the business, Argo announced the sale of 3,400 Antminer S19 J Pro miners to a third party for a total of $7 million. The sale of mining equipment will cause a reduction in hash rate, Wall added. Source
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The total crypto market capitalization fell off a cliff between June 10 and June 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5% correction.Total crypto market cap, USD billion. Source:
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Bitcoin (BTC) rose by as much as 5% over the past 24 hours, tracking moves in stocks, as the U.S. Federal Reserve eased concerns about slowing economic growth. Wednesday's rate hike was expected by market participants. Source
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The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official.Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will never allow residents to use Bitcoin as payment, alleging that BTC is backed by
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The cryptocurrency ecosystem has so evolved that digitgal games are now being built for users to gain a better appreciation blockchain technology. Amongst the most notable of these games today is Axie Infinity, new type of Play-to-Earn game, partially owned and operated by its players. Axie Infinity has not only
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Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger
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