The EU's new crypto tax reporting directive will begin in January, enhancing tax data sharing among member states and imposing a compliance deadline for exchanges by July 1. This initiative operates alongside the Markets in Crypto-Assets (MiCA) regulation and includes the potential for asset seizure for non-compliance.
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Bitcoin remains stagnant, showing little movement in its price as traders await significant market developments. In contrast, a specific gaming token has experienced a dramatic surge, skyrocketing in value and attracting considerable attention from investors. This divergence highlights the varying dynamics within the cryptocurrency market, where some assets are thriving
BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's growth prospects in the competitive cryptocurrency market. The stock opened at $10 but dropped to around $9.50, indicating a decline of approximately 5%
R3 is partnering with Solana to enhance institutional yield opportunities on-chain. The collaboration aims to leverage Solana's high throughput and low transaction costs to attract institutional investors seeking yield generation. R3's Corda platform will integrate with Solana, allowing institutions to access decentralized finance (DeFi) products more
The article explores the potential for stablecoins to detach from their traditional peg to the US dollar, highlighting the growing interest in alternative backing assets. It discusses various stablecoin models, including those pegged to commodities or other currencies, and examines the implications for market stability and regulatory frameworks. Key players