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The Supreme Court of Denmark Highlights That Some Cases Of Bitcoin Gains Are Taxed

The Supreme Court of Denmark's justices have ruled twice on the issue of whether the sale of Bitcoin falls under the definition of a taxable event in specific situations. The Danish Supreme Court stated in a March 30 notice that a party who sold Bitcoin for a profit after purchasing it multiple times and making donations was compelled to disclose the sale as a taxable event, adding that the purchase was done for the aim of speculation.

cointelegraph - 1244 ngày trước

Despite Changing Regulatory Requirements, Coinbase And Kraken Intend To Keep Operating In Canada

The Canadian operations of crypto exchanges Coinbase and Kraken continues as Coinbase Canada has inked an upgraded pre-registration undertaking with Canadian securities regulators. Kraken added that it intends to register as a Restricted Dealer in Canada by submitting a pre-registration undertaking to the Ontario Securities Commission, as data from the OSC revealed that 13% of Canadians hold crypto and that 31% of Canadians intend to buy.

CryptoSlate - 1244 ngày trước

Ledger, A Provider Of Crypto Wallets, Raises $109 Million As Demand For Self-Custody Rises

Ledger, a maker of hardware wallets, raised 100 million euros ($109 million) in a Series C investment round extension, bringing the value of the company at 1.3 billion euros. The initial of three investment rounds is the fundraising as the second closure is scheduled for April, and a third funding will follow at a later time owing to strong investor interest. The money will be used for manufacturing, developing new items, and expanding the firm's distribution system.

cointelegraph - 1244 ngày trước

NFT Initiative Is Launched By The Avalanche Foundation

The Avalanche Foundation started a program to encourage non-fungible token (NFT) artists. Avalanche highlights that their endeavor, called Avaissance, will consist of two components. About fifty digital artists will receive funding, mentoring, and virtual workshop sessions through the initiative's first component and the Mona Lisa Initiative (MLI) which is the second component which consists of a cooperative digital art curation endeavor.

CryptoSlate - 1244 ngày trước

Space Force Major Highlights How Pentagon Can Mine Bitcoin To Maintain Superpower

According to a recent MIT master's thesis by a student majoring in the United States Space Force, bitcoin is not simply a kind of online cash; it is also a weapon the Pentagon can use in contemporary conflict as it mines Bitcoin. Major Jason Lowery asserts that the proof-of-work consensus process used by bitcoin represents a significant shift in the way that superpowers could fight war in a lengthy 400-page dissertation.

Blockworks - 1244 ngày trước

BitGo, A Cryptocurrency Custody Company Released Security Features For Bitcoin Ordinals

BitGo, a supplier of cryptocurrency custodial services, has recently announced security measures aimed at safeguarding owners of Bitcoin (BTC) Ordinals Inscriptions, which let customers encrypt text, photos, and even videos and store them directly on the Bitcoin blockchain. At the end of January, Bitcoin Ordinals were released and that made wallets unable to readily receive, send, or store Ordinals Inscriptions at the time.

coindesk - 1245 ngày trước

Every Ticket Issued By The Argentinean Airline Is An NFT

By distributing e-tickets as non-fungible tokens (NFT's), the low-cost airline Flybondi of Argentina is incorporating Web3 into its ticketing procedure. The NFT ticketing startup TravelX, which began operations in September 2022, is now a part of the new integration, known as Ticket 3.0, which was unveiled on Thursday. The Algorand blockchain-based NFT ticketing solution enables users to autonomously rename, transfer, and sell their "NFTickets."

coindesk - 1245 ngày trước

Citi Claims That The Market For Tokenized Assets Might Reach $4 Trillion By 2030

According to Citi's recent global report, tokenizing financial and physical assets may be the "killer use-case" that blockchain technology needs to achieve its potential. In its March study, Citi stated that almost anything of value may be tokenized. In major economies throughout the world, the bank estimates that up to $4 trillion in tokenized digital securities and up to $5 trillion in central bank digital currency may be in circulation.

theblock - 1245 ngày trước

Citi Claims That The Market For Tokenized Assets Might Reach $4 Trillion By 2030

theblock - 1245 ngày trước

BaFin License For Cryptocurrency Custody Obtained By Stuttgart Stock Exchange Unit

The country's financial authority, BaFin, has granted Blocknox, a division of Boerse Stuttgart's digital unit, the final authorization to act as a crypto custodian. The license allows Boerse Stuttgart Digital to offer fiduciary custody and services for crypto trading to institutional clients, according to an email from Germany's second-largest stock exchange. It expects that banks, brokers, asset managers, and family offices will use the offering.

coindesk - 1245 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1073 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1073 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1073 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1073 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1074 ngày trước