CryptoNews

October's NFT Market Contracts Over 21%, With Ethereum's Share Shrinking by $35 Million – Markets and Prices Bitcoin News

November 3, 2023
October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite experiencing a 17.26% decrease in sales volume over the course of the month. NFT Market Contracts in October The…
Read more
CryptoNews

Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer – Regulation Bitcoin News

November 2, 2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently said it nabbed the four individuals behind what is being described as the region’s “largest virtual currency…
Read more
CryptoNews

Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024 – Bitcoin News

November 2, 2023
The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of crypto purchases within the U.K., although the company pledged to reinstate these services at the start of 2024. FCA Greenlights Paypal to Engage in…
Read more
CryptoNews

Crypto Exchange Wants to See India Lower Tax on Trading – Taxes Bitcoin News

October 30, 2023
Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects Government to Reduce Crypto Tax Burden Authorities in New Delhi imposed a 1% tax deducted at source (TDS)…
Read more