Japan abolishes corporate tax on unrealized profits Businesses holding unrealized profits from cryptocurrency assets will no longer pay taxes on those assets from April 1, 2024. According to the latest news from local media, Japan is reportedly abolishing corporate tax on unrealized profits from cryptocurrency holdings. Japan revises cryptocurrency corporate tax law According to a news update, companies and institutions holding cryptocurrencies will not pay taxes on “unrealized profits” from April 2024. The cabinet approved the tax changes on December 22, local media outlet Nikkei reported. The new tax system will take effect on April 1, 2024, when Japan’s fiscal…
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The cryptocurrency funding landscape suffered from serious challenges in 2023, with total investments plummeting 68% to $10.6 billion. This sharp decline contrasts sharply with the total investment of $33.2 billion recorded in 2022 and represented the lowest level since 2020.Several factors have contributed to this decline, including historically high interest rates, the rapid expansion of artificial intelligence diverting attention away from cryptocurrencies, regulatory crackdowns, and the aftermath of high-profile cryptocurrency meltdowns involving FTX, Celsius, and BlockFi.What is the outlook for cryptocurrency financing in 2024? The Block reached out to some of the top 20 most active cryptocurrency venture capital firms…
reporter Posted on: December 27, 2023 AVAX is up over 100% in the last 30 days. RSI was overbought and some indicators were also weak. Avalanche (AVAX) We have seen steady growth recently in the DeFi space as major indices continue to rise. But will the growth of blockchains in the DeFi ecosystem be enough to remain strong, or are other factors also supporting AVAX? In this regard, avalanches are increasing. AMBCrypto inspected Artemis. data Find out how Avalanche is doing in the DeFi space. Our analysis shows that TVL on the blockchain has continued to grow steadily for several…
I have Bitcoin Core version 25 and the blockchain is fully synchronized. Open the core every 2-3 days to synchronize with the latest blocks. For the past few days, when syncing the latest blocks, blocks have been randomly freezing, almost like a core freeze. You won’t see the spinning circle, and if you shut down and reopen the core, the blocks will sync. I used to be able to do this without freezing. What causes this problem?
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Changpeng “CZ” Zhao, founder and former CEO of cryptocurrency exchange Binance, has landed on Bloomberg’s list of the world’s richest people. During the year, his net worth increased by $25 billion. This comes as he recently pleaded guilty to a series of charges and is unable to leave the United States, awaiting sentencing next February. CZ’s net worth will show significant growth in 2023 CZ is the 35th richest person in the world, according to Bloomberg’s Billionaires Index. CZ’s net worth is $37.2 billion, an increase of $24.6 billion this year alone. Leading the way is Elon Musk, whose net…
The price of Bitcoin has fallen over the past 24 hours as selling pressure increases, falling below the $42,000 level. The world’s largest cryptocurrency by market capitalization fell 3% over the past 24 hours to $41,998 as of 1pm ET, according to data from The Block.bitcoin BTC -2.52% The retracement follows an increase in factors contributing to selling pressure on digital assets, particularly among the short-term holder population. According to CryptoQuant data, more than 25,000 bitcoins were transferred from cold wallets to exchanges in the last 24 hours. These movements contribute to the provision of liquidity for the asset and…
In an ever-evolving financial technology landscape, navigating the cryptocurrency markets can feel like a constant roller coaster ride. In this whirlwind, Black Banx emerges as a symbol of stability and innovation. Founded in 2015 by German billionaire Michael Gastauer, Black Banx represents a pivotal shift in the financial sector’s approach to digital currencies. According to Fintech Running, “With an extensive background in fintech and a keen understanding of market gaps, Gastauer recognized the slow adoption of cryptocurrencies by traditional financial institutions. This reluctance, largely due to the unregulated and elusive nature of cryptocurrencies, stands in sharp contrast to growing consumer…
join us telegram A channel to stay up to date on breaking news coverage Popular YouTuber Crypto Zeus reviewed the Meme Kombat cryptocurrency presale, highlighting active betting and passive staking opportunities for enthusiasts. Not only did Meme Kombat pre-sales surpass an impressive $4.6 million, but a new competitor emerged in the gaming industry as it introduced a unique gaming experience. Crypto Zeus analyzes the future potential of Meme Kombat. Meme Kombat introduces the $MK token, a unique Ethereum-based token that combines the fun of memes with a thrilling battle arena. The Coinsult-audited $MK ecosystem benefits both players and stakeholders. This…
A cryptocurrency analyst on the More Crypto Online YouTube channel said Cardano is stuck in a trading range and could continue to move sideways. In a video from December 26, the analyst predicted that the Cardano (ADA) token will likely continue trading sideways in the near term, but could be ready for a bigger price move. “ADA continues to be in this sideways range and has not broken structure,” the analyst said, referring to the trading range in which ADA has remained below $0.65 for the past few weeks. The analyst believes that ADA is forming an Elliott Wave triangle…