Russia's Federation Council has approved a tax bill recognizing cryptocurrencies as property, imposing a 13%-15% tax on transactions while exempting miners from VAT, pending President Putin's signature to become law. The post Russia Passes Bill Taxing Crypto Transactions, Exempts Miners from VAT appeared first on Cryptonews.

According to a Standard Chartered report, stablecoins are shifting from initial use in crypto exchanges to broader applications in global finance. The study indicates that stablecoins are increasingly used for purposes akin to traditional finance, such as saving and transacting in U.S. dollars and facilitating cross-border payments.

XT.com, a Seychelles-based cryptocurrency exchange, has paused withdrawals following reports of a suspected $1.7 million hack. The post Crypto Exchange XT.com Halts Withdrawals Amid $1.7 Million Hack Allegations appeared first on Cryptonews.

Volatility Shares, a financial firm known for its novel exchange-traded funds, is launching a new line of ETFs. The financial instrument, using a one-plus-one model, will give investors 100% leveraged exposure to two distinct assets simultaneously.

The government has proposed a new tax break for private equity funds and hedge funds. Also, investment vehicles are used by the super-rich.

HyperLiquid, a decentralized perpetual exchange, has recently announced the launch of HYPE, a native token that will be airdropped to early adopters on Friday. The total supply of HYPE tokens is capped at 1 billion, with the distribution allocated in the following manner: 38.

XT Exchange has temporarily halted withdrawals for all digital assets after a suspected security breach.

OKX is launching the new exchange for Belgian users with up to 200 cryptocurrencies with plans to increase the number in the future.

The promise of blockchain lies in its ability to connect people, ideas, and opportunities across borders. However, this transformation is uneven, with many underserved regions and communities lacking the resources to participate fully in the growing economy of the digital world.

Amrita Srivastava, a former Binance Holdings executive based in London, sued the cryptocurrency exchange in the United Kingdom for bribery allegations. According to Srivastava, who worked on Binance's Link platform that connected external brokers and customers to the exchange, a co-worker took money to ostensibly speed up integration to the firm.

In a landmark decision, the Fifth Circuit Court ruled that in the U.S. it is illegal for the Treasury to impose sanctions on Tornado Cash smart contracts. This ruling supports liberty and privacy and represents a major win for the crypto community.

US President-elect Donald Trump appears set to appoint the US Commodity Futures Trading Commission (CFTC) to oversee the crypto industry. This appointment will put the CFTC ahead of the Securities and Exchange Commission (SEC) in regulating the crypto industry.

The objective of the game is to convince the AI to send out the funds in her wallet — but it's proving tricky so far.

Inflation is on the rise again in the United States, and this could impact central bank monetary policy, which may impact crypto markets.

Black Friday is not only about shopping deals or shopping discounts; also presents a good opportunity in the cryptocurrency market, for investors to seize and create substantial profits. Amid price volatility, with Bitcoin price trading between a low of $92,000 and a high of $97,000, there are strategic investments to consider for massive gains.

TL;DR MetaMask integrates Venmo for seamless crypto purchases, simplifying the process for U.S. users. Powered by Moonpay, the integration ensures secure and efficient transactions, attracting a broader audience. This move lowers barriers to entry, promoting mainstream adoption of cryptocurrencies in the U.S.

XT Exchange, a 23rd-ranked centralized crypto exchange, is hacked and lost crypto worth more than $1.7 million. Following the breach, the exchange has suspended all coin withdrawals, citing wallet upgrades.

Bitwise seeks SEC approval for a crypto ETF, providing diversified exposure to major cryptocurrencies with secure asset management partnerships.

Coinbase CEO Brian Armstrong attributes Democratic election results to cryptocurrency regulatory policies implemented under SEC Chairman Gensler and supported by Senator Warren, citing impacts on young voters and tech industry support.

XT Exchange has temporarily suspended withdrawals for all digital assets following what appears to be a security breach. Blockchain security firm PeckShield has reported that the exchange may have been compromised, with the attacker allegedly stealing $1.7 million in cryptocurrencies and converting the funds into Ethereum.

Coinbase CEO Brian Armstrong has revealed ongoing efforts to obtain documentation through the Freedom of Information Act (FOIA) to uncover US banks' full scope of crypto-related account closures. In a Nov. 27 post on X, Armstrong “confirmed” that several banks have cut ties with crypto stakeholders solely due to their involvement in the industry.

A US Federal Judge in Little Rock has temporarily halted Arkansas State's efforts to shut down a crypto mining firm owned by a Chinese-born man. The ruling comes after the firm requested a Temporary Restraining Order (TRO) claiming illegal discrimination.

Can Bitwise's bold ETF push outpace its competitors in the crowded crypto investment space?

Cointelegraph Research examines how the U2U Network leverages DePIN to solve enterprise challenges in scalability, security and compliance.

OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Trump's crypto-friendly policies could increase crypto crimes, several news reports and analysts have raised concerns. According to a Guardian report, there are reasons to believe that there can be potential misuse of cryptocurrency by far-right extremists and terrorist groups.

XT.com has issued a statement acknowledging an “abnormal transfer of platform wallet assets” but hasn't confirmed the $1.7 million hack yet.

Pump Science, a decentralized science platform, was hacked after its private key was leaked on GitHub, allowing attackers to mint fraudulent tokens and significantly impacting the market value of its legitimate offerings. The post DeSci Project Pump Science Hacked After Private Key Leak appeared first on Cryptonews.

Hong Kong has initiated plans to exempt private equity funds, hedge funds, and billionaires from paying taxes on realized gains from crypto investments. The policy changes could see Hong Kong emerge as a competitive rival against Singapore and Switzerland in the race for the top offshore financial hub.

November is the most bullish month of the year, with the Coinglass monthly Bitcoin returns report indicating a +36.29% increase, which is more than 3x the Uptober. The same stats would have been even higher if the crypto market had not witnessed a crash yesterday, but that has changed today.

Hong Kong's move to exempt crypto gains from taxes targets hedge funds and family offices, boosting its competitiveness.

AI-focused cryptocurrencies rallied over the past week following a highly bullish quarterly sales report from Nvidia, which exceeded estimates. NEAR Protocol (NEAR), the largest AI coin by market cap, rose 20% over the past 7 days, trading at $6.

Cryptocurrency exchange OKX has launched its trading platform and wallet in Belgium, offering euro trading pairs and free deposits through Bancontact, while operating under Malta's regulatory framework rather than direct Belgian approval.

The proposed ETF allocates 75.1% to BTC, with ETH and SOL following at 16.5% and 4.3%, offering investors diversified crypto exposure.

With Donald Trump's bold plans to make Bitcoin a mainstream financial investment. The other countries are following suit and the latest after Russia is Hong Kong which is stepping up its game to become a go-to destination for crypto investors and businesses.

Bleap is currently in beta with select EU users, with a full public deployment scheduled for Q1 2025 and a token launch expected in 2026.

A threat actor, ‘Serpent' who used to play Fortnite professionally hailing from Australia has been accused of being involved in a crypto scam that made away with $ 3.5 million. Nevertheless, his being part of the esports organization over time can be noted.

The Russian Federation Council's approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia's national currency, the ruble.

Now, you can use Venmo, a payment app many Americans already love, to buy crypto directly in MetaMask. MetaMask is a wallet where you can store, send, and receive crypto.

Recently, Jason Les, the CEO of bitcoin mining firm Riot Platforms, joined Yahoo Finance's Catalysts to share his thoughts on Bitcoin's recent price action and the implications of the incoming Trump administration for the cryptocurrency industry. Les began by addressing Bitcoin's remarkable price movements since the election.

At Trust Wallet, we're constantly innovating to ensure our users enjoy a secure, seamless, and cutting-edge experience. Recently, our Senior Smart Contract Engineer, David Kim, dived deep into the latest advancements and trends in wallets, smart wallet protocols, and chain abstraction technologies during Devcon, dubbed as “the Ethereum conference for developers, researchers, thinkers, and makers”.

The cryptocurrency market experienced notable developments in November, with stablecoins achieving record trading volumes and market capitalization.

ZA Bank, the first and largest digital bank in Hong Kong, has become the first bank in Asia to offer crypto trading services directly to retail users. Retail customers can seamlessly trade top cryptocurrencies in HKD and USD through the bank's app.

Hong Kong plans to exempt crypto tax for private equity funds, hedge funds, and other investment vehicles for high-net individuals (HNIs). This move comes as it seeks to attract foreign capital and establish itself as a finance and cryptocurrency hub in the Asia region.

India's crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.

Russia is making waves in the crypto world with a new tax bill that could change how mining and trading are handled. The Federation Council, the country's upper house of parliament, has given the green light to the bill, which sets the stage for tighter regulations on digital currencies.

Pump Science, a decentralized science platform, has apologized to its users after its private key was inadvertently exposed on GitHub.