Cryptocurrency exchange FTX disputes 3.5 trillion yen income tax with U.S. IRS, claiming it is disadvantageous to creditors
Tax dispute with IRS Lawyers for the bankrupt cryptocurrency exchange FTX filed new documents on the 10th in the U.S. Delaware Bankruptcy Court. The U.S. Internal Revenue Service (IRS) requested that FTX show how it estimated the amount of taxes…
El Salvador’s Bitcoin-backed bond “Volcano Bond†receives regulatory approval
Scheduled issuance of Bitcoin-backed bonds El Salvador’s National Bitcoin Secretariat (ONBTC) announced on the 11th that the Bitcoin-backed bond Volcano Bond has been approved by the country’s Digital Assets Commission (CNAD). This bond is scheduled to be issued in the…
Binance’s market share declines from 55% at the beginning of the year to 30% | CoinDesk JAPAN
Binance, the world’s largest cryptocurrency exchange by trading volume, has seen its share of the spot market gradually decline over the past year. According to data provided by CCData, Binance’s market share as of December was 30.1%, up from 55%…
El Salvador to issue world’s first Bitcoin bond – receives regulatory approval | CoinDesk JAPAN
El Salvador’s long-planned Bitcoin bond is now closer to reality after receiving regulatory approval for issuance in early 2024, the country’s Bitcoin specialized office announced on December 12th. The bonds will be offered through Bitfinex Securities, the securities arm of…
It Took Me a Long Time to Say That Buy-and-Hold is Dangerous
I completed a 12,000 word article titled “Buy-and-Hold Is Dangerous†in February 2019. It took me a long time to … Read more
Anthony Scaramucci Sees Brighter 2024 For Bitcoin ‘Even If We Get Rug-Pulled By Gary Gensler’ As Skybridge Crypto Portfolio Soars 130%
Skybridge Capital has reported exceptional performance in their cryptocurrency investments, posting a 130% rise, as per comments from the company’s founder Anthony Scaramucci. What Happened: During a conversation with Bloomberg on Monday, Scaramucci said, “Our Coin Fund, which has things…
Bitcoin Falls Below $42,000 Following Inflation Data; Frax Share, eCash Among Top Losers
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the $42,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,300 mark this morning. KuCoin Token (CRYPTO: KCS) was the top gainer over the…
Australian, American charged with running crypto Ponzi scheme
Washington (AFP) – An Australian man and a US national have been charged in California with operating a cryptocurrency Ponzi scheme, the Justice Department said Tuesday. David Gilbert Saffron, 51, of Australia, and Vincent Anthony Mazzotta Jr, 52, of Los…
Goldman Sachs brings forward forecast ─ Fed rate cuts to begin in the third quarter of 2024 | CoinDesk JAPAN
Major investment banking firm Goldman Sachs has announced that it will bring forward the expected rate cut by the US Federal Reserve (Fed) from the fourth quarter of 2024 to the third quarter of 2024. This shift is due to…
Ark sells the most Coinbase shares since July | CoinDesk JAPAN
Cathie Wood’s ARK Invest sold 335,860 shares of cryptocurrency exchange Coinbase on December 8th. Ark sold Coinbase stock in three exchange-traded funds (ETFs). The bulk of that was the Innovation ETF (ARKK). As a result, as of Friday’s closing price,…