UK’s Financial Regulator Defends Strict Crypto Rules
The UK’s Financial Conduct Authority (FCA) has defended its strict registration requirements for cryptocurrency firms in response to recent criticism.
Tesla Still Owns its $780M in Bitcoin: Arkham Intelligence
Despite rumors of a potential sale or liquidation, electric vehicle company Tesla still appears to hold its entire Bitcoin investment, which is currently valued at $780 million.
Japan’s Political Party Leader Pledges to Reduce Taxes on Crypto to 20%
Japan’s Democratic Party for the People (DPP) leader Yuichiro Tamaki has unveiled a plan to lower the tax on crypto profits to 20% in his recent policy statement leading up to the general election.
Bitcoin Hashrate Hits Record Level
The computational power of Bitcoin has recently reached an unprecedented high, as reported by Glassnode.
Indonesia Extends Deadline for Crypto Exchanges to Receive a License
On Oct. 20, the Indonesian Commodity Futures Trading Regulatory Agency announced that crypto exchanges have until the last week of November 2024 to meet the requirements for a Physical Crypto Asset Traders license.
Montenegro Halts Terraform Labs Former CEO Extradition
The Constitutional Court in Montenegro temporarily stopped the extradition of Do Kwon, former founder and CEO of Terraform Labs, on Oct. 18.
Stripe Acquires Stablecoin Platform Bridge in Recent Deal
TechCrunch founder Michael Arrington has reported that payment processing giant Stripe has acquired digital currency platform Bridge for $1.1 billion.
