Switzerland has initiated a public consultation on a new bill that aims to integrate cryptocurrency tax data into its international information exchange agreements. Announced by the Federal Council on Wednesday, this initiative seeks to extend the sharing of crypto asset information to 111 jurisdictions that are part of the existing automatic exchange of information (AEOI) system. This process will be in line with the OECD’s Crypto-Asset Reporting Framework. Switzerland has been one of the...
Read More »Mt. Gox-Linked Wallet Holding Over $2 Billion Committed Test Transfer, Moved Holdings to a New Address
A wallet related to BitGo conducted a test transfer on Tuesday, following which it sent all its holdings to another wallet. A user on Reddit mentioned receiving the funds owed to them by Mt. Gox through BitGo. A wallet that received over $2 billion worth of bitcoin from Mt. Gox moved a minuscule amount on Tuesday before clearing the entirety of its holdings. While the value of its bitcoin holdings was over $2 billion two weeks ago when the funds flowed in, the price of the 33,105 bitcoins it...
Read More »Spot Bitcoin ETFs See $81 Million Exit, Ending Two-Day Positive Flow Streak
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant outflow on Wednesday, with $81.36 million leaving the products, according to data from SosoValue. This marked the end of a two-day streak of positive inflows. Among the funds, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw a net inflow of $2.68 million. Franklin’s EZBC also reported an inflow of $3.42 million, its first since July 22. These two were the only funds to register inflows on Wednesday. In...
Read More »Banking Giants Disclose Bitcoin Exposure but Crypto Markets Tank: This Week’s Recap
The broader cryptocurrency market lost around $70 billion in capitalization in the past seven days as the majority of the coins are trading in the red. This comes on the backs of considerable drops in the past few days, so let’s dive in. Starting with Bitcoin, the price was trading above $60K this time last week, and a push above $61K was even attempted during the weekend. As soon as Monday came, though, the bears took control and pushed the price below $59K. Buyers had an...
Read More »Bitcoin Stares at Death Cross Eyeing Sub $50K Levels, Funding Rate Flashes Warning
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Read More »Dubai Court Change Stance on Crypto Payment for Salary
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Read More »Meetup Becrypto à liège
Notre meetup d’été 2024 est planifié pour le MERCREDI 28 août à 19h00. Il se tiendra à « La Grand Poste« , Quai Sur-Meuse 19 à Liège. SOCIAL MEETUPQuoi de mieux pour un meetup social que ce nouveau pied-à-terre liégeois qui nous offre à la fois un cadre agréable, de la bonne restauration et de quoi réhydrater nos corps de crypto-enthousiastes ! Comme chaque année à la même période, les...
Read More »Kamala Harris’ Crypto Town Hall Fails to Impress Industry, Raising Concerns Ahead of November Election
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Read More »Bitcoin Developers Introduce Whitepaper for BitVM2
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Read More »Bitcoin Price Attempts Further Bullish Recovery Catalyzed by Rising Stablecoins Supply on Crypto Exchanges
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