South Korea’s brief martial law declaration plunges stocks and sparks a $34.2B crypto trading surge

South Korea’s brief martial law declaration plunges stocks and sparks a $34.2B crypto trading surge

1 min read

Last Tuesday, South Korea went through a major political change when President Yoon Suk Yeol briefly declared martial law, which surprised many people in the country. The declaration was quickly taken back, but it caused a lot of uncertainty that negatively impacted the stock and cryptocurrency markets. The Kospi index dropped by 2%. Major companies like Samsung and LG Energy Solution saw declines of 1% and 2.8%, respectively. The government

Zero capital gains tax from January for Bitcoin holders in Czech Republic

Zero capital gains tax from January for Bitcoin holders in Czech Republic

1 min read

On December 6, 2023, the Czech Republic approved a change that will exempt income from cryptoasset transfers from personal taxes. This will start on January 1, 2025. This law lets people exclude this income if their total earnings from these transactions are under CZK 100,000 and if they have held the digital assets for more than three years before selling them. The framework reflects current exemptions for securities but has

Hong Kong moves closer to formalizing its stablecoin regulations

Hong Kong moves closer to formalizing its stablecoin regulations

1 min read

On December 6, Hong Kong took a significant step towards regulating stablecoins by publishing a bill that outlines a comprehensive framework for issuers and marketers. This move comes as stablecoins gain traction as effective tools for cross-border transactions, with Standard Chartered referring to them as the crypto industry’s “killer app.” The proposed legislation mandates that stablecoin issuers and marketers obtain licenses from the Hong Kong Monetary Authority (HKMA), including those

Australia task force targets non-compliant crypto ATMs to combat criminal exploitation

Australia task force targets non-compliant crypto ATMs to combat criminal exploitation

1 min read

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is ramping up its enforcement of Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations for crypto ATM providers. On December 6, AUSTRAC highlighted the growing use of crypto ATMs in money laundering and other illicit activities, noting that while Australia has around 400 registered crypto exchanges, only a fraction operate ATMs. This leaves many of the 1,200 crypto ATMs in the country potentially

Crypto market grows in 2024 with many new all-time highs

Crypto market grows in 2024 with many new all-time highs

1 min read

The year 2024 marked a pivotal moment for the cryptocurrency market, characterized by significant maturation and increased institutional interest. With a President-elect advocating for the U.S. to become a global crypto hub, the market saw substantial growth as more individuals turned to crypto platforms and exchange-traded funds (ETFs) for investment. This surge in crypto adoption was facilitated by a more favorable regulatory environment, allowing digital currencies to integrate into the

Russian President Vladimir Putin calls Bitcoin "unstoppable"

Russian President Vladimir Putin calls Bitcoin “unstoppable”

1 min read

Russian President Vladimir Putin has recently recognized the strength of Bitcoin, stating that it cannot be banned. This is an important acknowledgment of cryptocurrency’s potential, especially with the ongoing economic sanctions against Russia. At a forum in Moscow, he pointed out that Bitcoin is decentralized, meaning it can’t be controlled from the outside. He also talked about how it can serve as a model for future payment systems. Putin spoke

Bitcoin has surpassed the $100,000 mark, coinciding with a notable transfer of 24,052 BTC by the defunct exchange Mt. Gox to a new wallet.

Mt. Gox transfers 24,052 BTC after Bitcoin breaks a key milestone

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Bitcoin has recently achieved a significant milestone by surpassing the $100,000 mark, coinciding with a notable transfer of 24,052 BTC by the defunct exchange Mt. Gox to a new wallet. This transaction, valued in the billions, has ignited speculation regarding its intent, with analysts divided on whether it relates to creditor repayments or an internal reallocation of assets. The timing of the transfer, shortly after Bitcoin’s price breakthrough, has raised

Crypto trading on exchanges hits $10.4 trillion in November

Crypto trading on exchanges hits $10.4 trillion in November

1 min read

In November, centralized crypto trading hit a significant milestone, reaching $10.4 trillion in volume, according to CCData. This increase was mainly caused by derivatives trading, which made up most of the activities on centralized exchanges. Trading volume went up along with positive changes in regulations and more interest from institutions in cryptocurrencies. People felt hopeful about Donald Trump’s election win, which led to expectations for friendlier rules for cryptocurrencies. This

Bitcoin (BTC) shows strong buying pressure after surging above $103K

Bitcoin (BTC) shows strong buying pressure after surging above $103K

1 min read

Bitcoin has recently crossed the important $100,000 level, reaching a peak of about $103,670 before stabilizing at around $102,000. Bitcoin’s market capitalization has surpassed $2 trillion for the first time, thanks to a 7.2% increase in just 24 hours. The crypto has performed well over the past month, gaining 50%. This is due to increased interest from institutions, more money flowing into exchange-traded funds (ETFs), and a positive outlook in

The price of bitcoin surges above $100,000 for the first time with over $2 trillion market cap

The price of bitcoin surges above $100,000 for the first time with over $2 trillion market cap

1 min read

Bitcoin has achieved a historic milestone, surpassing the $100,000 threshold for the first time, driven by strong institutional demand, corporate investments, and optimistic expectations regarding crypto-friendly policies under Donald Trump’s presidency. With a remarkable year-to-date increase of approximately 130%, Bitcoin’s market cap has reached $2 trillion, positioning it among giants like Nvidia, Apple, Microsoft, Google, and Amazon. A significant catalyst for this surge has been the anticipated launch of spot-based

Is Catzilla the Next SHIB? This Emerging Meme Coin Eyes a 12,000% Boom by 2025!

Is Catzilla the Next SHIB? This Emerging Meme Coin Eyes a 12,000% Boom by 2025!

3 mins read

A new meme coin is stirring excitement in the crypto world. Catzilla has emerged with ambitious goals, aiming for an astonishing 12,000% growth by 2025. With the remarkable rise of previous tokens like Shiba Inu, this feline-themed cryptocurrency is capturing attention. Could Catzilla be the next breakout star? Delve into the factors that might propel this coin to incredible heights. Catzilla Unleashed: The Meme Coin Poised for Massive Gains In

donald trump

With Donald Trump’s return, the crypto industry anticipates rapid progress on pro-crypto laws

1 min read

As Donald Trump prepares to assume office as the 47th President of the United States, optimism is rising in the cryptocurrency sector. Many believe his administration will introduce supportive regulations and foster a pro-crypto environment. Coinbase Chief Policy Officer Faryar Shirzad recently shared his belief that crypto-related legislation could advance swiftly under the new leadership. In an interview with CNBC, he noted that Trump, along with what he called the

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