The Japanese Financial Service Agency (FSA) has warned five unregistered crypto exchange platforms that serve Japanese users without complying with the set-up regulations.

Indonesia's cryptocurrency market has surged to over $30 billion in transactions as of October 2024, with 21 million traders, reflecting a remarkable 352% growth from the previous year and solidifying its position as a leading global crypto adopter. The post Indonesia's 2024 Crypto Transactions Exceed $30B with 21M Traders appeared first on Cryptonews.

Russian President Vladimir Putin has signed a law recognizing cryptocurrencies as property and introducing new tax regulations, imposing a 13%-15% tax on transactions while exempting mining operations from VAT, effective January 1, 2025. The post Russia Recognizes Crypto as Property, Imposes New Tax Rules on Mining appeared first on Cryptonews.

The adoption of cryptocurrency payments by Printemps marks a milestone in the European luxury goods industry. Customers Can Now Buy High-End Fashion Products With Crypto Printemps, a leading French luxury department store has become the first major retailer in Europe to accept cryptocurrency payments.

This week's Crypto Biz explores Singapore Gulf Bank's plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgerald's stake in Tether and the first DOGE ETP.

North Korean hackers have stolen billions in cryptocurrency and sensitive corporate data by impersonating venture capitalists, recruiters, and remote IT workers. Researchers made the revelations during Cyberwarcon, an annual cybersecurity conference, on Nov. 29.

Russia is taking bold steps to regulate the growing cryptocurrency sector with the introduction of a new tax bill that could reshape how both crypto miners and traders operate in the country. After gaining approval from the Federation Council, Russia's upper house of parliament, the bill is one step away from becoming law, pending only the signature of President Vladimir Putin.

Procurator-General Ying Yong of China's Supreme People's Procuratorate emphasized combating crypto laundering under the revised AML Law, citing its significance for financial and national security. The post China's Supreme Procuratorate Outlines Crypto Focus in New AML Law appeared first on Cryptonews.

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Tron founder Justin Sun ate the banana duct-taped to a wall, which he recently bought for $6.2 million at Sotheby's. The event took place at the Peninsula Hotel in Hong Kong.

The NFT market has seen a notable recovery in November, but CryptoPunks has been the standout performer.

Nouriel Roubini, one of the most prolific cryptocurrency critics, has not warmed up to Bitcoin even after the blistering rally experienced by the leading cryptocurrency.

Bitcoin was fast approaching the $100,000 level last week but stopped short, ultimately still hitting a fresh historic high of $99,645. The retrace, nonetheless, has left market participants wondering whether the altcoin season is imminent.

Coinbase CEO Brian Armstrong says Massachusetts Senator Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler wanted to destroy the crypto industry. In a post on social media platform X, Armstrong says Warren and Gensler possibly broke the law in their attempt to decimate crypto.

Bitcoin is flexing its muscles again, smashing records with prices comfortably above $90,000 and creeping ever closer to the mythical $100,000. The bulls are in full force, fueled by the hype of institutional interest, political tailwinds, and a market on fire.

A crypto investigator uncovered that a former professional player on Fortnite could be associated with a major meme coin scam and hacking of celebrity accounts. Related Reading: Peter Schiff Slams MicroStrategy's Bitcoin Bet: ‘It Will Crash' Crypto sleuth ZachXBT discovered that the high-profile case of the $3.

Japans Financial Services Agency has flagged five major crypto exchanges, including KuCoin and Bybit, for operating without mandatory registration, exposing users to financial and legal risks. The warning highlights the dangers of unregistered platforms in Japans tightly regulated cryptocurrency market.

Russian President Vladimir Putin recently signed a major law concerning cryptocurrencies, marking an important step in the regulation of digital assets in Russia. This new legislation officially recognizes cryptos as property and allows their use in foreign commercial payments.

Justin Sun wanted to buy the fruit to thank the vendor who sold a 25-cent banana used for a $6 million edible artwork—but the plan had flaws.

The Hyper Foundation has completed a major airdrop of its native cryptocurrency, HYPE, bringing the total circulating supply to 333,928,180 tokens. With a market capitalization of $1.74 billion, the event highlights the foundation's goals toward enhancing the Hyperliquid ecosystem.

Japan's Financial Services Agency (FSA) has issued warnings to five overseas cryptocurrency exchanges, including Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC. These exchanges are accused of operating in Japan without proper registration, violating the country's cryptocurrency regulations.

Hong Kong is reportedly eyeing new tax policies that can help in its push to become a top finance and cryptocurrency hub.

Japan's FSA reportedly cracks down on five crypto exchanges operating in the country without proper registration.

The Central Bank of Brazil (BCB) has unveiled a regulatory proposal prohibiting centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets.

UBC, launched four days ago, has gained over 18,000 holders but saw its market cap drop by 45% in the last day, settling at $34 million. Similarly, $1, launched five days ago, experienced a sharper decline of 65%, with its market cap falling to $8.7 million despite attracting nearly 60,000 holders.

2024 transaction totals are up more than 350% year-over-year, but still well below Indonesia's 2021 highs.

Table of Contents Bitcoin ETFs Fuel Institutional FOMO Bitcoin Technicals: The Bullish Flag Unfurled Ethereum's

Last week, Justin Sun made headlines when he bought the iconic banana artwork ‘ Comedia' for $6.2 million. Back then, the crypto founder revealed that he would eat the banana taped to the wall in the coming days, and Sun truly lived up to his word today as he downed the banana.

Your digital fortune can transform into real money, and you can enjoy a nice outing with your friends. Turning your crypto coins into cash might seem hard, but it's a straightforward process.

Former Alameda Research CEO Caroline Ellison's prison release date has been moved up just three weeks after the one-time girlfriend of FTX founder Sam Bankman-Fried reported to prison for her role in the multi-billion dollar crypto scandal, Federal Bureau of Prisons records seen by Business Insider this week reveal. Ellison formally began her time behind bars on November 7. The post Alameda Research CEO Caroline Ellison's Prison Release Date Moved Up appeared first on Cryptonews.

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Crypto exchange OKX reaffirms its commitment to trust and transparency with a 25th monthly Proof of Reserves (PoR) report.

In the latest development, Japan's Financial Services Agency has issued warnings to foreign exchanges for operating without registration. It has issued warning letters to the following exchanges: KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, Bitget Limited. Notably, in Japan, cryptocurrency exchange business requires registration with the Financial Services Agency and the Financial Bureau.

Justin Sun eats his $6.2M banana artwork in Hong Kong sparking debate about its true value and artistic integrity.

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TL;DR Pump.fun experienced a 33% drop in revenue, the largest since March, falling from $5 million to $3.6 million in just one day. A user faked his suicide to promote their cryptocurrency, causing outrage and leading Pump.fun to disable the livestreaming feature.

Vladimir Putin has signed the Russian federation's law that classifies crypto as property. The federation announced that they were expecting the president's signature yesterday.

Tron founder Justin Sun ate the $6.2M banana artwork at a Hong Kong event. Sun compared conceptual art to NFTs and blockchain technology.

Taiwan is intensifying its regulatory efforts to address crypto fraud and safeguard investor interests with a series of strict anti-money laundering (AML) measures. The Financial Supervisory Commission (FSC) has advanced the implementation date for these new rules to November 30, 2024, amid growing concerns over illegal activities such as fraud and money laundering.

Australian computer scientist Craig Wright has been blocked from continuing the case against the Crypto Open Patent Alliance (COPA) by the U.K. Court of Appeal.

The cryptocurrency market's general sentiment has turned green and currently, the majority of the top ten coins are printing gains. In past bull markets, people made huge profits by investing in strong altcoins with good use cases.

Trump's pro-crypto nominations for Treasury, Commerce, and SEC leadership could significantly reshape the US financial system.

Binance has revealed that it will be removing USD-M perpetual contracts for several cryptocurrencies, including NEM (XEM), Orbs (ORBS), and Loom Network (LOOM).

If you're an Android user looking to secure, manage, or trade your digital assets, finding the right wallet is essential. It's vital to select a wallet that's both secure and loaded with features. We've put together a list of the top five Android crypto wallets, each offering robust capabilities.

The crypto market losses due to thefts and rug pull stood at $71 million in November 2024, a sharp 79% drop from the $343 million lost in November 2023.

After losing a case for suing Bitcoin (BTC) developers to pay $1 trillion, Craig Wright, an Australian businessman, has lost the bid in appealing the case.

TL;DR Decentralized artificial intelligence (AI) could reach a valuation of $1.8 trillion by 2025, according to analyst Miles Deutscher. The global AI market is expected to reach $12 trillion in the coming years, with 5% allocated to decentralized AI generating over $600 billion.