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Crypto News
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.
ProShares’ Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year
Open interest on bitcoin futures have surged to the highest levels in a year.
NEAR Foundation Partners With Alibaba Cloud to Accelerate Web3 Growth in Asia
The partnership will offer multi-chain indexing to provide data query API to developers.
First Mover Asia: Bitcoin Opens the Week Above $30K Amid Rising Investor Optimism
ALSO: Ripple Asia's policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created "a very clear taxonomy for digital assets."
CFTC Kicks Off Review of Kalshi’s Congressional Control Prediction Markets
The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi's proposed contracts to bet on who will control Congress.
Influencer Formerly Associated with Azuki Postpones NFT Drop After Plagiarism Accusations
Pseudonymous NFT researcher and artist Elena admitted to tracing other pixel art to pad out her upcoming collection Atomic Ordinals.
Soccer Franchise FC Barcelona Scores World of Women for Upcoming NFT Release
Empowerment, the second NFT in the football club’s ten-piece Masterpiece collection, is a one-of-one created in collaboration with World of Women that pays tribute to Spanish player Alexia Putellas.
Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts
The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021, as the SEC sued Coinbase for offering unregistered securities this month.
2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme
Joseph O'Conner, a British man who made roughly $900,000 in an elaborate Twitter hack and a separate crypto-related SIM-swapping scheme, received a 5 year sentence from a federal judge on Friday, Inner City Press reported.