“Ethereum is expected to rise faster than Bitcoin,†JP Morgan 2024 analysis says
Pay attention to the major upgrade of Ethereum Analysts at US financial giant JP Morgan have expressed the view that Ethereum is likely to outperform Bitcoin and other major crypto assets (virtual currencies) in 2024. This was reported by overseas…
Bitcoin rebounds above $43,000 after Fed hints at interest rate cut — altcoins and crypto asset-related stocks soar | CoinDesk JAPAN
Bitcoin (BTC) fell to $43,000 (approximately 6.02 million yen, 140 yen to the dollar) on the 13th for the first time since the flash crash on the 11th, after the Federal Reserve (Federal Reserve) hinted at interest rate cuts next…
U.S. CFTC Chairman Benham says, “Most virtual currencies are commoditiesâ€
US CFTC’s stance on virtual currencies Rostin Behnam, chairman of the U.S. CFTC (Commodity Futures Trading Commission), appeared on CNBC’s “Squawk Box†on the 12th and stated, “Under current law, many crypto asset (virtual currency) tokens are classified as commodities….
Cryptoassets held by third parties will no longer be subject to end-of-year mark-to-market taxation – Liberal Democratic Party announces tax reform outline | CoinDesk JAPAN
On December 14, the Liberal Democratic Party announced its tax reform outline for fiscal year 2024. This is a summary of the basic policies for tax reform from next fiscal year onward, and will be debated at next year’s regular…
Will This Country Export Crypto Like It Does Gas? What A Pending Bill Could Change In 2024
Russia is considering a proposal to allow the export of cryptocurrencies as part of a broader effort to regulate cryptocurrency mining. What Happened: Ivan Chebeskov, the Deputy Minister of Finance, highlighted this development at a round table titled “Cryptocurrency and…
SEC Chair Gary Gensler Provides Update On Bitcoin ETFs, Cautions Investors On Crypto: ‘There Is A Lot Of Noncompliance’
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler gave broad commentary on pending spot Bitcoin ETF applications Thursday as investors eagerly anticipate updates regarding ETF applications. What Happened: Gensler appeared on CNBC’s “Money Movers” Thursday and spoke about the…
China uses blockchain to verify the identity of its 1.4 billion people | CoinDesk JAPAN
Blockchain technology will be used to verify the real-name identities of China’s 1.4 billion people, according to an announcement by China’s national blockchain initiative, Blockchain-Based Service Network (BSN). The move is likely to raise concerns among data privacy advocates. China’s…
Ark sells $13 million worth of Grayscale Bitcoin Trust | CoinDesk JAPAN
Cathie Wood’s ARK Invest announced on December 11th that it has raised approximately $12.85 million (approximately 1.863 billion yen, at an exchange rate of 1 dollar = 145 yen) from the company’s Next Generation Internet ETF (ARKW). ) sold a…
What is Bitcoin’s “flash crash� Why did it plummet? | CoinDesk JAPAN
Bitcoin (BTC) fell 7.5% on the morning of December 11th, marking the steepest intraday decline since mid-August. Bitcoin is still up over 150% since the beginning of the year, but a large, sudden and unexpected “red candlestick†on the chart…
Chinese government launches decentralized ID platform for 1.4 billion people, denies monitoring of citizens
Launched “real name DID†system On the 9th, the Blockchain Service Network (BSN), led by a Chinese government-related organization, announced the launch of a blockchain-based ID (identification information) verification platform, “RealDID.†BSN says RealDID will give users control over the…