Japan’s token issuers are now exempt from corporate tax on unrealized gains
Japan’s token issuers are now exempt from corporate tax on unrealized gainsThe tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
Happy Monday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $37.17 billion. The price of Bitcoin is $30,123.64, and BTC market dominance is 50.0%. The price of Ethereum is $1,852.24, and ETH market dominance is 19.0%. The best-performing sector is Privacy, which gained 8%. The Crypto Fear & Greed Index is currently Neutral (55). Top News
Japan’s token issuers are now exempt from corporate tax on unrealized gainsThe tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms. Paul Tudor Jones cautious about buying more Bitcoin as macro narrative turnsPaul Tudor Jones is "sticking with Bitcoin," but wonders if falling inflation, AI development, and regulatory hostilities will dampen future price growth. NEAR Protocol feels a boost following Alibaba Cloud partnershipThe partnership with Alibaba Cloud would grant access to the cloud developer ecosystem in key regions. Latest Insights
More NewsAlgorand partners with DWF Labs in $50M dealWeb3 investment firm DWF Labs said it is committed to supporting and developing the Algorand blockchain. Haru Invest execs grounded in South Korea amid fraud suspicionsSouth Korean prosuectors said the ban is a preemptive measure. $18.6B privacy sector up 9% leading crypto market over past 24hoursPrivacy tokens spike higher amid tightening drives to clamp down on the sector. Hut 8 nabs $50M Coinbase credit facility ahead of merger with US BitcoinCEO Jaime Leverton says the credit facility provides the firm with "additional financial flexibility." Satellite-based ‘Space Wallet’ reimagines transaction securityThe Space Wallet provides enhanced security against physical access-based attacks.
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The yield convergence and its implications for Bitcoin
Sunday, June 25, 2023
CryptoSlate's latest market report dives deep into the concept of yield convergence and its potential effect on Bitcoin.
Coinbase adds support for USDC on Stellar
Saturday, June 24, 2023
The addition could reduce transaction costs and allow for faster transactions.
Binance.US resolves delayed USD withdrawals; expects banking partners to halt option again
Friday, June 23, 2023
US dollar balances could be forcibly converted to Tether (USDT) if necessary.
Mysterious whale ‘0xd275e’ linked to FTX collapse, Tether depeg, and recent $75M token transfers
Thursday, June 22, 2023
CryptoSlate analysis of a mysterious account linked to major crypto events raises questions about its true intentions.
Powell says stablecoins are a ‘form of money’ that central banks should supervise
Wednesday, June 21, 2023
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money,
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