Author: Ava Patel

Article written by Ava Patel

Czech President signs a bill exempting crypto users from paying taxes

February 7, 2025 1 min read

Czech President Petr Pavel recently signed a new bill that benefits crypto users. This law states that if individuals hold their crypto assets for more than three years, they will not have to pay taxes on any profits made from selling them. Additionally, transactions involving amounts up to CZK 100,000 (around $4,136) each year will not need to be reported in tax declarations. This approach aligns with how securities are

China’s new tariffs on US goods shake markets

February 5, 2025 1 min read

The trade dispute between the US and China has intensified, causing uncertainty in global markets, including cryptocurrencies. China has imposed new tariffs ranging from 10% to 15% on US goods, raising concerns among investors. However, analysts suggest that the actual impact of these tariffs may be overstated. China’s tariffs include a 10% tax on US crude oil and farm equipment and a 15% tax on coal and liquefied natural gas

El Salvador adds 50 BTC to its reserves

February 4, 2025 1 min read

El Salvador has recently added 50 BTC to its reserves, continuing its strategy of accumulating Bitcoin. This brings the total to about 6,055 BTC, worth over $606 million. The country is committed to Bitcoin despite making changes to its regulations to meet the International Monetary Fund’s (IMF) requirements for a $1.4 billion loan. Since making Bitcoin legal tender in 2021, El Salvador has steadily increased its Bitcoin holdings. However, to

Uniswap Labs officially releases version 4

February 2, 2025 1 min read

Uniswap Labs officially releases version 4 Uniswap Labs has launched version 4 of the Uniswap protocol, transforming it into a developer platform. This new version operates on several blockchain networks, including Ethereum, Arbitrum, OP Mainnet, and Base. Users can now provide liquidity through the Uniswap web app, with swapping features being gradually introduced across various platforms. Uniswap v4 introduces “hooks,” which are contracts that allow developers to customize how pools,

21Shares files for a spot Polkadot ETF

February 2, 2025 1 min read

21Shares, a firm focused on exchange-traded funds (ETFs), has submitted a filing for a spot Polkadot ETF. This filing is aimed at gaining approval from the U.S. Securities and Exchange Commission (SEC). The proposed fund, named the 21Shares Polkadot Trust, will be the first of its kind. It is set to trade on the Cboe BZX Exchange and will track the performance of DOT, the native token of the Polkadot

Sonic founder reveals he left DeFi in 2022 due to relentless SEC harassment

January 31, 2025 1 min read

Andre Cronje, the founder of Sonic, left the DeFi space in 2022 due to harassment from the SEC. He shared that the pressure from US regulators drained his energy and made it difficult for him to continue in the industry. Initially, the SEC’s inquiries were simple, focusing on investors and profits. However, these inquiries quickly escalated into aggressive demands. Despite not being a US citizen and having no business in

Bitwise files for a physically-backed Dogecoin ETF with the SEC

January 30, 2025 1 min read

Bitwise Asset Management has filed for a Dogecoin ETF with the US Securities and Exchange Commission (SEC). This application was submitted on January 28. It follows a previous attempt to register a Dogecoin ETF through a Delaware trust. This is the second Dogecoin ETF filing recently after Rex Shares applied for multiple meme coin ETFs, including Dogecoin, Bonk, and Donald Trump’s TRUMP token. Bloomberg analyst James Seyffart mentioned on X

David Sacks calls for NFTs and meme coins to be classified as collectibles

January 26, 2025 2 mins read

David Sacks, a White House advisor on crypto, is advocating for clearer regulations regarding non-fungible tokens (NFTs) and meme coins. He believes these digital assets should be classified as collectibles, similar to physical items like stamps or baseball cards, rather than as securities or commodities. In a Fox interview on January 24, Sacks highlighted the sentimental value of these assets, using the example of a Trump-themed meme coin, which people

Uniswap’s v4 upgrade launches this week

January 24, 2025 1 min read

Uniswap Labs is launching its v4 upgrade on the mainnet this week, which aims to improve performance and usability. This update will provide faster transactions, a better user experience, and more customization for developers through modular “hooks.” These hooks allow developers to execute custom functions with a single smart contract. The rollout will start with initial deployments this week, enabling developers to test hooks and on-chain integrations. Full deployment of

Virtune debuts Finland’s first crypto ETPs on Nasdaq Helsinki

January 23, 2025 2 mins read

Virtune, a Swedish-regulated crypto asset manager, has launched Finland’s first crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This milestone allows Finnish investors to securely invest in cryptocurrency, denominated in euros, enhancing the region’s financial market. The introduction of crypto into Finland’s €20.5 billion ETP market is a significant development. The ETPs are fully collateralized and physically backed, with liquidity support from Flow Traders to ensure stable trading volumes and narrow

UAE firm CLS Global admits to wash trading on Uniswap

January 23, 2025 2 mins read

CLS Global, a financial services firm in the crypto industry, has confessed to fraudulent market manipulation through wash trading on Uniswap. The company used automated self-dealing to create fake trading volumes, misleading investors about market activity. Based in the United Arab Emirates, CLS Global will pay $428,059 in fines and asset seizures, plead guilty to market manipulation charges, and exit the U.S. crypto markets permanently. The U.S. Attorney’s Office in

The US SEC sues Helium Network creator Nova Labs

January 21, 2025 1 min read

The US Securities and Exchange Commission (SEC) has sued Nova Labs, the creators of the Helium Network, for misleading investors and breaching securities laws. The SEC alleges that Nova Labs falsely claimed partnerships with major companies like Salesforce, Lime, and Nestlé to attract investors. These claims have not been addressed by Nova Labs. The lawsuit, filed on January 17, centers on Nova Labs’ “Hotspot” devices, which have been available since