KuCoin has announced the implementation of a 1% Tax Deducted at Source (TDS) for its users in India. This development follows the successful registration of the exchange’s Financial Intelligence Unit (FIU) in the country. From April 10, 2024, the platform will charge TDS on the transfer of Virtual Digital Assets (VDA) as per the guidelines […]

VanEck has announced its plan to allocate 5% of profits from its proposed Bitcoin ETF to support Bitcoin Core developers. This decision, pending the approval of the ETF by the Securities and Exchange Commission (SEC), marks a significant commitment to the Bitcoin ecosystem. VanEck’s Initial Contribution and Pledge VanEck has demonstrated its dedication to this […]

The New York State Bar Association has asked attorneys to use AI in the field with caution and care. Reuters has highlighted that New York joins a select few states, such as Florida and California, whose bar associations have released recommendations on AI use. New York State Bar Association Warns on Cautious AI Use As […]

Coinbase has announced plans to acquire a MiFID-licensed entity in Cyprus, marking a strategic move to broaden its derivatives offerings across the European Union. This endeavor, pending regulatory approval, aims to enhance Coinbase’s market presence in 2024 significantly. Coinbase Expansion into the EU Derivatives Market The initiative to acquire a Markets in Financial Instruments Directive […]

Big players in the financial markets have been seeking the SEC nod for the approval of a spot Ethereum ETF, after the successful launch of a similar investment product for Bitcoin earlier this year. However, two spot Bitcoin ETF issuers – VanEck and CoinShares – have cast doubt on the SEC’s approval of spot Ethereum […]

Dennis M. Kelleher, Co-Founder and CEO of Better Markets, has issued a clear warning against the approval of Spot Bitcoin Exchange-traded Funds (ETFs). This firm assertion sheds light on the important concerns surrounding the potential consequences for investors if the Securities and Exchange Commission (SEC) approves the Spot Bitcoin ETFs. Better Markets CEO Opposes Bitcoin […]

Bitcoin halving is estimated to take place on April 17 according to Coinbase exchange. The event known to ardent investors as a significant market mover takes place every four years to control inflation on the network. Ahead of the halving, market participants focus on taking positions in Bitcoin and top altcoins to buy. For instance, […]

The potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) has stirred a mix of optimism and concern among industry experts. While some view this development as a positive step for mainstream adoption, others, like Ran Neuner, founder of Crypto Banter, predict a different trajectory, pointing to a possible downturn […]

NVIDIA’s dominance in the Artificial Intelligence (AI) ecosystem is on the line as American multinational corporation and technology company Intel Corp has unveiled its new AI chip. Intel Lauds Gaudi 3’s Capabilities Over NVIDIA’s Alternative During its Vision event on April 9, Intel announced the coming launch of its semiconductor called Gaudi 3. Markedly, the […]

John Reed Stark, a former enforcement officer with the United States Securities and Exchange Commission (SEC) has labeled spot Bitcoin ETF applicants as “opportunistic cartels” that are trying to capitalize on a product that has no inherent value. John Reed Stark’s View of Spot Bitcoin ETF There are a few opponents of a spot Bitcoin […]