FTX Drops Lawsuit Against Bybit
Reading time: < 1 minuteFTX has agreed to drop its legal dispute against Bybit, along with its executives and investment arm Mirana.
Hong Kong is Exploring an Extension on Tax Breaks on Crypto
Reading time: < 1 minuteChristopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, stated that Hong Kong regulators have proposed extending tax break laws to accommodate digital asset investments.
US Government Crypto Wallets Lose $20M in Crypto in Hacker Attack
Reading time: < 1 minuteOn Oct. 24, a hacker accessed a wallet under the control of the US government and drained it of an estimated $20 million.
Thailand’s Crypto Market is Focusing on Institutional Investors
Reading time: < 1 minuteThe CEO of Binance Thailand states that Thailand is currently in the process of transitioning from a retail-focused to an institutional-focused digital assets market, positioning itself as a leading fintech hub in Southeast Asia.
South Korea Introduces Reporting Requirements on International Stablecoin Transactions
Reading time: < 1 minuteThe South Korean government plans to establish a monitoring system for virtual asset transactions in the second half of 2025 in order to ensure safe and appropriate trading.
Tesla Did Not Sell its BTC
Reading time: < 1 minuteTesla released its third quarter 2024 earnings report on October 23, revealing that the company did not sell any of its $184 million in digital asset investments during the quarter, and has also not sold any cryptocurrency for the past five consecutive business quarters.
Nigeria Withdraws Charges Against Binance Executive
Reading time: < 1 minuteThe Nigerian government has dropped charges of money laundering against Tigran Gambaryan, a Binance executive who has been detained in the country since February.
Denmark Could Launch a Bill to Tax Unrealized Crypto Gains
Reading time: < 1 minuteDenmark is preparing to implement a groundbreaking tax overhaul by taxing theoretical profits on cryptocurrencies, starting on January 1, 2026.
UAE Authors Release Book ‘Lessons Learned’ on Crypto Winners and Losers
Reading time: 3 minutesDubai, United Arab Emirates,, 23rd October 2024, Chainwire
Bitcoin Mining Difficulty Reaches New Record Level
Reading time: < 1 minuteThe mining difficulty for Bitcoin increased by 3.9% on Tuesday, setting a new all-time high. This occurred as the seven-day moving average hash rate for the network also reached record-breaking levels.
