Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 4 days ago
El Banco de España (Central Bank of Spain) has authorized testing of a digital Euro token EURM. The token will be issued by Spanish fintech Monei and was developed within the central bank’s digital ‘sandbox’ program. Spanish news site Cinco Dias reported that the project would be limited to a small group of testing applicants…
Binance sees $12B withdrawn in 60 days Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual. 19 hours ago · 3 min read
Indian crypto exchanges lost around 97.1% of their trading volume between January and October 2022, according to recent research. The report by Indian technology policy think tank Esya Centre studied three major Indian exchanges, including WazirX, CoinDCX, and Zebpay. The study bears significance since it provides the first monetary estimate of the impact of India’s…
The Italian Parliament has approved the implementation of a 26% taxation on any crypto-oriented profits above €2,000 on Dec. 30. This new legislation is a part of the 2023 Italian budget. The budget describes cryptocurrencies as a virtual representation of value, which can be held and transferred electronically through the distributed ledger. However, it insists…
The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan. 1/9New crypto regulations in Kazakhstan. Again. The Majilis approved the bill “On Digital Assets of the Republic of Kazakhstan”, as well as four related bills…
FTX CEO Sam Bankman-Fried is a controversial figure in the world of crypto, perhaps the most contentious following his recent statements on regulation. Over the past year, SBF has been in the trending section of CryptoSlate’s people directory almost weekly. SBF, along with his companies Alameda Research and FTX, bailed out both BlockFi and Voyager…
Costa Rican Congresswoman Johana Obando proposed a bill titled “Cryptoassets Market Law (MECA),” to regulate and recognize cryptocurrency in the Central American country. The bill was proposed alongside Congressmen Luis Diego Vargas and Jorge Dengo, who also mentioned the government should not tax cryptocurrency profits generated from mining, but that profits from crypto trading should…
The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger or…
The Portuguese government will introduce a 28% tax on all earnings generated from crypto held for less than a year in its 2023 budget. The announcement stated: “Is intended to create a broad and adequate tax framework applicable to crypto-assets, in terms of taxation of income and property… In this way, it is intended to…