Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime.
The government expects to collect an…
Bitfinex, a leading digital asset trading platform, has announced the listing of a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. This innovative offering tethers its value to Tether Gold, backed by physical gold, introducing a new level of stability and…
In a comprehensive new report, Crystal Intelligence, a blockchain analytics firm, details a significant $19 billion in losses due to cryptocurrency crimes over the past thirteen years. The study covers a timeline from June 19, 2011, to March 6, 2024, and delves into the…
Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger
June 14, 2024
Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL as a leading blockchain for such…
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
June 14, 2024
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party…
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
June 13, 2024
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030.
AI and Crypto —…
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements.
ICBC Sees Bitcoin as Digital Gold, Ethereum as Digital Oil
The Industrial…
Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regulatory measures. Trump promised to…
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million tokens, specifically 549,386, were minted.
Solana Blockchain Mints Over Half a Million Tokens in 30 Days
Solana has recently been a major…
Sealana (SEAL), one of the most talked-about Solana presale tokens, has passed the $4 million funding milestone.
And as the countdown begins for its highly anticipated DEX listing, investors are scrambling to buy SEAL tokens at a discount while they can.
Sealana Presale Raises $4M & Enters Final Stretch
Sealana is bringing a dose of patriotic satire to the meme coin market.
This Solana-based…
