Indonesia's crypto development: Authorities eyes change in taxation panorama

[ Indonesia's crypto market is going through a interval of change and reevaluation, as evidenced by declining tax revenues and deliberate regulatory modifications. Whereas Bitcoin elevated in worth all through 2023, the nation's crypto tax income declined by greater than 60% in comparison with the earlier yr, elevating considerations concerning the effectiveness of the present … Read more

US drops emergency survey of Bitcoin mining amid authorized tussle – particulars

[ The US Division of Vitality (DOE) and the Vitality Data Administration (EIA) have canceled their emergency survey of Bitcoin mining's electrical energy use following a lawsuit from business teams, Reuters and different information shops. The transfer comes amid rising scrutiny over cryptocurrency mining's vitality consumption and its potential influence on the atmosphere and energy … Read more

Complete worth stolen from crypto hacks elevated 97.6% in February: Blockchain investigator

[ The crypto group has seen an rising variety of hacks within the first two months of 2024. As broadly reported by Bitcoinist, hackers and scammers have focused high-profile celebrities and initiatives throughout the business. Based on security-focused crypto investigator PeckShield, February noticed a month-on-month (MoM) improve of greater than 97.6% within the complete worth … Read more

Sam Bankman-Fried cites autism dysfunction to keep away from 100 years in jail

[ In a high-profile case that has attracted appreciable consideration, Sam is the disgraced CEO of Bankman-Fried, now bankrupt. ftx crypto alternateCiting his autism spectrum dysfunction, he’s looking for a lighter sentence. Bankman-Freed's attorneys argue that her situation makes her “uniquely susceptible” to a jail atmosphere and that it ought to lead to a lowered … Read more

Bitcoin Shake-up: Galaxy CEO Novogratz Warns of $55,000 BTC Drop – Right here's Why

[ Bitcoin has once more confirmed its attractiveness to a large spectrum of buyers, with its current surge above the $64,000 mark. Amid this bullish momentum, Galaxy Digital Holdings CEO Michael Novogratz has shared his insights, suggesting a possible short-term correction that might see Bitcoin's worth regulate to the mid-$50,000 vary. The forecast comes as … Read more

SEC Commissioner Pierce says crypto regulation is caught in “enforcement-only mode”

[ In a thought-provoking tackle on the ETHDenver Web3 Hackathon, US Securities and Change Fee (SEC) Commissioner hester pierce Expressed its concern over the operation of the regulatory physique of the cryptocurrency business. Recognized for her pro-crypto stance and help of blockchain expertise, Pierce lamented the dearth of clear laws and the SEC's tendency to … Read more

Solana value hits 2-year excessive after FTX's Sam Bankman-Fried recommends

[ Solana (SOL) It’s presently using a wave of its personal, hitting a 22-month excessive within the final 24 hours. Apparently, there’s motive to imagine that the previous CEO of FTX, Sam Bankman-Fried (SBF)could have contributed to this upward pattern. Solana rises to $136 knowledge CoinMarketCap reveals that SOL rose to $136 and hit $137 … Read more