Tag: Altcoin News

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Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime

March 4, 2024

Indonesian crypto regulator has requested the country’s Finance Ministry to reconsider the current ‘dual taxation’ on crypto transactions. Cryptocurrencies are commodities in Indonesia and currently imposes 0.11% value-added tax and 0.1% income tax. Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti) officials argued last week that the double-taxation on crypto transactions require reassessment. According to Tirta…
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Tether’s USDT Reaches Monumental $100 Billion Market Cap Milestone

March 4, 2024

Tether’s USDT has achieved yet another milestone by surpassing a market capitalization of $100 billion.  On March 4, Tether (USDT) briefly reached the $100 billion mark, with an impressive growth of 9% year-to-date, according to data by CoinGecko.  Comparatively, USDT maintains a lead of over $71 billion in market cap when compared to its closest…
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Donald Trump Inspires First ‘PoliFi’ Experiment: Here’s the Latest on MAGA Meme Coins

March 4, 2024

MAGA coin, a Donald Trump-themed meme coin, has emerged as a notable contender in the world of cryptocurrency.  With a staggering surge of nearly 400% over the past month, according to CoinGecko data, and a market cap exceeding $285 million, the meme coin is on its way to join the ranks of legendary canine-inspired tokens like Dogecoin…
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Ethereum Co-founder Joe Lubin Bullish on Crypto: “Momentum Unstoppable”

March 3, 2024

The majority of attendees at ETH Denver, one of the largest Ethereum conferences, believe that bullish sentiment is pervading the crypto market.  Even Joe Lubin, co-founder of Ethereum and CEO of Consensys, shares this optimistic outlook, asserting that the best is yet to come. During a chat moderated by Axios reporter Crystal Kim on February…
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Lawsuit Filed: Wall Street Journal Faces Defamation Allegations Over Tether-Bitfinex Article

March 2, 2024

The Wall Street Journal is facing a defamation lawsuit over an article that allegedly falsely accused a Thai-based aviation fuel broker and his company of involvement in illegal activities at stablecoin issuer Tether and crypto exchange Bitfinex.  Christopher Harborne, the owner of AML Global Ltd., filed the lawsuit in a Delaware state court on February 28, claiming…
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SEC’s Hester Peirce Criticizes Agency’s Crypto Approach as “Strange”

March 2, 2024

US Securities and Exchange Commissioner Hester Peirce has reiterated her criticisms of her own agency’s approach to cryptocurrencies in a recent appearance at ETH Denver. Peirce expressed frustration over the SEC’s tendency to “regulate by enforcement” and criticized the slow approval process for spot Bitcoin exchange-traded funds (ETFs). During a conversation with CNBC’s MacKenzie Sigalos, Peirce…
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Traders Predict This Coin Can 25x By The End Of 2024

March 2, 2024

Traders Predict This Coin Can 25x By The End Of 2024 / Source: Frogwifhat Website A new meme coin called Frogwifhat ($FWIF) is creating a buzz in web3 circles as traders predict this coin can 25x by the end of 2024. As meme coins across crypto pump, Frogwifhat rallied an impressive 125% on Friday, as…
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AI Tokens to Democratize Access To Artificial Intelligence Models

March 2, 2024

Artificial Intelligence (AI) is set to be one of the most transformative technologies of the century. A new report from ResearchAndMarket.com projects the global AI Market is expected to be valued at around $1,057.47 billion by 2030. Unsurprisingly, this potential has fueled immense growth in AI-related stocks, including microchip giant Nvidia, whose shares have soared…
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Worldcoin Developer Acquires Solana-Based Digital Wallet Ottr

March 1, 2024

Iris scanning Worldcoin project’s key contributor Tools for Humanity has acquired Solana-based Ottr Wallet to foster Worldcoin’s user onboarding process. The strategic acquisition announced Thursday, aims to help Worldcoin build the world’s largest human network “to improve trust online and access to the global economy in the age of AI.” “Joining Tools for Humanity marks…
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State Attorneys General Question SEC’s Authority in Kraken Lawsuit

March 1, 2024

A group of state attorneys general has challenged the U.S. Securities and Exchange Commission’s (SEC) authority in the ongoing lawsuit against the cryptocurrency exchange Kraken.  On Thursday, state law enforcement officials from Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas filed a joint amicus brief in the SEC’s suit against Kraken.  They argued that the…
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