In a significant progression for the digital asset landscape, the United Arab Emirates (UAE) has taken a decisive step by exempting cryptocurrency transactions from value-added tax (VAT). This anticipated amendment, effective from November 15, 2024, marks a pivotal shift in the adoption and acceptance of digital currencies within the region’s financial ecosystem. The change is
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In a pivotal move, Binance has announced its plans to convert specific delisted cryptocurrency holdings into USDC by a designated deadline of April 28, 2025. This initiative primarily affects users holding assets in several cryptocurrencies that have recently been removed from the platform, including Tornado Cash (TORN) and OMG Network (OMG). The company has also
In a rapidly evolving financial environment, the European Union (EU) stands at a crossroads. With digital assets and distributed ledger technology (DLT) on the rise, there is a pressing need for Europe to transform its fragmented capital markets into a unified, efficient system. Piero Cipollone, a prominent member of the European Central Bank (ECB) Executive
The Hong Kong Securities and Futures Commission (SFC) is taking significant strides towards shaping a more regulated environment for cryptocurrency firms in the region. As reported by local media on October 7, the SFC intends to expand the number of licenses granted to crypto businesses by the end of the year, marking a pivotal moment
The cryptocurrency landscape is in a state of constant flux, and Ethereum (ETH) finds itself at a pivotal juncture as it trades roughly 11% below its recent local highs of about $2,730. The prevailing sentiment among investors leans toward optimism, bolstered by promising on-chain metrics that suggest a possible price rebound in the near future.
In the rapidly evolving landscape of cryptocurrency, where complexity often reigns supreme, Semilore Faleti has distinguished himself as a prominent journalist and content creator. His journey began in a broad and diverse writing realm, but Semilore quickly identified a profound interest in the intricate workings of blockchain technology and the cryptocurrency market. This passion prompted
After a significant break from the social media scene, renowned crypto analyst Il Capo of Crypto has made his return, disseminating his forecast on the future trends of Bitcoin and Ethereum. His insights come after notable market corrections observed in early October, a period traditionally characterized by bullish sentiment, often dubbed “Uptober.” Analysts like Capo
Ethereum’s market performance has significantly waned, aligning with the broader bearish sentiment dominating the cryptocurrency landscape. Currently languishing under the $2,400 mark, Ethereum has witnessed a bleak 10% decline over the past week, with the total cryptocurrency market cap sinking to approximately $2.17 trillion. This recent downturn is not an isolated incident; it reflects a
Ethereum, the second largest cryptocurrency by market cap, witnessed a sharp decline of 15% from a recent peak of $2,729 last Friday. This significant downturn has left many investors and analysts grappling with uncertainty, particularly as they had anticipated a sustained bullish trend following its rise. Instead, Ethereum has faced mounting challenges in maintaining upward
In the highly competitive world of blockchain technology, governance remains a contentious topic. No one personifies this divide more than Charles Hoskinson, co-founder of Ethereum and the founder of Cardano. Recently, after an interview at the TOKEN2049 conference, Hoskinson took significant issue with the portrayal of his views in an article by Cointelegraph, leading to
