PancakeSwap has achieved a significant milestone, with over 1 million wallets engaged in trading tokenized stocks and ETFs, including popular assets like NVIDIA and SPY. This achievement underscores the growing interest in asset tokenization within the decentralized finance (DeFi) space. The announcement was made via a tweet from PancakeSwap, emphasizing the platform’s role in this […]
As the global artificial intelligence industry continues to expand, GPU computing power leasing is attracting increasing attention from Wall Street financial institutions.On November 1, the Wall Street Journal reported that trading firms such as Jump Trading and Susquehanna are exploring financial derivatives linked to GPU computing power leasing prices to help AI infrastructure operators mitigate […]
Zcash Upgrade targets 25-second blocks on November 5 as ZEC faces governance turmoil, grants funding debate and recent price weakness. The post Zcash Upgrade Could Triple Transaction Speed as ZEC Faces Crypto Governance Turmoil appeared first on Cryptonews.
WritingPolygon proposes a $7M hard fork to recover stolen funds for Binance and Polymarket as POL hovers $0.10. Can this fuel a rally? The post Polygon Crypto Gains Momentum as Binance & Polymarket Seek $7M Recovery appeared first on Cryptonews.
Block DOJ settlement could cost Jack Dorsey company $764 million as Bitcoin gross profit plunges 50% in Q3. The post Block DOJ Settlement: Jack Dorsey’s Company Faces $764M Deal as Bitcoin Profit Plunges 50% appeared first on Cryptonews.
Bitcoin quickly shrugged off the immediate losses prompted by the Democratic sweep in the midterms and skyrocketed to a weekly high of $81,000, where it was finally halted. Most altcoins followed suit, with ETH reclaiming $2,400 and XRP surging past $1.30. Interestingly, HYPE, TRX, XMR, and RAIN have failed to join the ride. BTC Above […]
The post also had 27 likes and four retweets.
BTC rose from $79,393 to $80,290 during the same hour; the total covers Binance, Bybit and OKX.
South Korea’s government has backed postponing tax on cryptocurrency gains by another two years to 2029, in what would be the fourth delay to its implementation.Finance Minister Lee Hyoung-il announced the proposal Thursday, saying the government would consult lawmakers on postponing the January 2027 implementation date.The tax would impose a 22% levy, comprising a 20% income tax and 2% local tax, on annual crypto gains exceeding 2.5 million won ($1,860).The government cited 2029 as the start of information exchange with the US under the Crypto-Asset Reporting Framework (CARF). It said imposing the tax before those exchanges begin could put the domestic market at a disadvantage relative to overseas markets. It also wants to account for changes under planned digital asset legislation.Officials also said they plan to introduce a three-year loss carryforward provision, allowing investors to offset crypto losses against profits earned over the following three years. The government plans to submit amendments to improve the tax system during parliament’s regular session in 2027, with detailed tax guidelines planned for the first half of 2028.The tax was originally scheduled to take effect in January 2022 but was subsequently postponed to 2023, 2025 and 2027. The proposal reverses the government’s previous position. A Finance Ministry official said in May that implementation would proceed in 2027.South Korean finance officials recently engaged with major crypto exchanges amid growing calls to postpone the tax. Industry representatives cited unresolved tax rules for different transaction types and insufficient time to prepare the necessary infrastructure. Related: South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
The announced amount is $0.0757 for each share.
Blockchain Bodega is here and you know the vibes. We’re at the intersection of hip-hop culture and web3, exploring this new digital frontier. Who better to guide you through these uncharted lanes than Ock Chain – The Bitcoin Boss and the Consensus Corner Boys?
Ock Chain doesn’t just cook up random details about cryptocurrency; he lives it. Ock’s been deep in the game since Bitcoin was just a baby.
And let’s not forget about the Consensus Corner Boys. They’re our skilled crew of blockchain enthusiasts. They’re here to educate, entertain, and enlighten.
Welcome to Blockchain Bodega!
Copyright © 2023 Blockchain Bodega. All rights reserved.
