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.
CBOE and NYSE Receive Approval from SEC to List Bitcoin ETF Options
The SEC has approved changes to stock exchange rules that will allow for the listing of options tied to spot bitcoin ETFs.
Worldcoin Changes Name to World
Worldcoin, a company specializing in identity verification using blockchain technology, has undergone a rebranding and is now known as World.
Robinhood Announces Support for Bitcoin and Ethereum Futures
Robinhood has made a major announcement to broaden its range of services by offering futures for Bitcoin and Ethereum.
Kraken Rolls Out a Wrapped Bitcoin Token
Kraken has announced the release of its own ERC-20 representation of Bitcoin, called kBTC, on October 17.
Radiant Capital Loses $50M After Exploit
Radiant Capital, a platform facilitating cross-blockchain lending and borrowing of cryptocurrency, suffered a major security breach on Wednesday.
Thai Bank Announces Stablecoin Remittance Services
Siam Commercial Bank (SCB), Thailand’s oldest commercial bank, has announced plans to offer stablecoin-based cross-border payment and remittance services to its clients.
Italy Intends to Raise Capital Gains Tax on Bitcoin
The Italian government is exploring a significant increase in the capital gains tax for Bitcoin investments, raising it from the current 26% to a substantial 42%.
Bitcoin Dominance Reaches Highest Level in 3.5 Years
As the price of Bitcoin continued to rise while the altcoin market remained stagnant, Bitcoin’s dominance increased to its highest level since April 2021.
Canary Capital Files for a Spot Litecoin ETF
Canary Capital Group has ambitions to lead rather than follow in the world of crypto exchange-traded funds (ETFs).
