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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
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🇮🇩 Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge
Indonesia’s Ministry of Finance said the total tax revenue from crypto in 2023 was $31.7 million (Indonesian Rupiah 467.27 billion). The country’s tax revenue last year fell 62% compared to the partial collection period in 2022, when the tax regime was introduced in May 2022. Crypto transactions in Indonesia are subject to dual taxation: a 0.1% income tax and a 0.11% value-added tax (VAT). Additionally, local crypto exchanges must contribute around 0.04% tax to the national crypto bourse.
Source
@CryptoWorldNews
💰 Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hit
The shares of several U.S.-listed crypto companies experienced substantial declines in their values due to the significant market downturn today, Jan. 23. Bitcoin’s price retraced more of the gains it made in anticipation of the U.S.-based spot exchange-traded fund (ETF) launches in the U.S. The flagship digital asset dropped below $39,000, marking its lowest value since early December, according to CryptoSlate’s data.
Source
@CryptoWorldNews
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ℹ️ Welcome to the @CryptoWorldNews ✅Telegram Channel! ℹ️
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🚨 BREAKING: Reuter Reports Terraform Labs, Creator of TerraUSD Stablecoin, Files Chapter 11 Bankruptcy in the United States.
@CryptoWorldNews
💰 Bitcoin Investor Demand Weakens in the US Post-ETF Approval: CryptoQuant
Short-term investors and large BTC holders have turned into a “risk-off” attitude and are on a selling spree, according to CryptoQuant. According to a weekly report from market intelligence platform CryptoQuant, the weak BTC demand from U.S. investors is evident in crypto exchange Coinbase’s premium turning negative for the first time in 2024 amid high selling activity from short-term holders.
Source
@CryptoWorldNews
💰 Franklin Templeton CEO says ETF has shown 'demand' for Bitcoin is 'everywhere'
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system.
@CryptoWorldNews
💰 Cathie Wood lays out the case for why to invest in ARK’s spot Bitcoin ETF
@CryptoWorldNews
🇮🇳 Indian Crypto Community Awaits Budget 2024 with Hopes for Tax Reforms
India prepares to unveil its Union Budget for 2024 on February 1. Meanwhile, the domestic cryptocurrency sector is holding its breath for a significant tax cut.Rajagopal Menon of WazirX has expressed the community’s hopes to CoinGape, advocating for a substantial decrease in the Tax Deducted at Source (TDS).
Source
@CryptoWorldNews
🥇 Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy. In a press release on their website, Core Scientific announced that the Southern District of Texas bankruptcy court has green-lighted its reorganization plans, setting the stage for the company to relist its shares on Nasdaq by the month’s end.
Source
@CryptoWorldNews
Shiba Inu Burn Rate Rockets 1600% As Community Burns 89 Mln SHIB https://coingape.com/shiba-inu-burn-rate-rockets-1600-as-community-burns-89-mln-shib/?utm_source=Telegram&utm_medium=Adam
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💰 $9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
Source
@CryptoWorldNews
💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.
Source
@CryptoWorldNews
💰 Bitcoin rent agreement: Landlord and tenant sign BTC contract
In Rosario, the third most populated city in Argentina, a local landlord and a tenant have sealed a rental agreement where the latter will pay monthly rent in Bitcoin. According to a report in the local newspaper Paginal 12 from Jan. 11, the contract is the first of its kind in Argentina, made possible by recent law amendments by the new presidential administration.
Source
@CryptoWorldNews
WATCH: 📊 Race visualization shows how the 💰 Bitcoin ETFs have accumulated 100k+ $BTC in just over a week 📈
@CryptoWorldNews
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💰 Bitcoin ETFs expected to launch in Hong Kong by mid-2024
Hong Kong is gearing up to launch its first spot crypto exchange-traded funds (ETFs) by mid-2024, a move that could redefine the landscape of digital asset investment in the region, according to Jan. 22 news reports. Multiple firms are looking to launch spot Bitcoin ETFs within the coming months now that Hong Kong has softened its stance toward the industry and begun to establish regulatory frameworks.
Source
@CryptoWorldNews
📊 Global crypto user base surpassed half a billion in 2023 — Crypto.com report
More than half a billion people had become cryptocurrency users or owners by the end of 2023, according to a market sizing report from cryptocurrency exchange Crypto.com. The company estimates that the global number of cryptocurrency users increased by 34% in 2023, growing from 432 million to 580 million people.
Source
@CryptoWorldNews
🇭🇰 OSL executive says Hong Kong could debut spot crypto ETF by mid-year
Gary Tiu, executive director and head of regulatory affairs of OSL, a Hong Kong-licensed crypto exchange, said that the special administrative region could potentially see the issuance of its first spot crypto exchange-traded funds by the middle of this year, according to local media.
Source
@CryptoWorldNews
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8. Crypto News: Bitcoin & Ethereum - /channel/Crypto_News_Bitcoin_Ethereum: Focused news on Bitcoin and Ethereum.
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💰 FTX must be investigated by independent examiner, court rules
The Third Circuit Court of Appeals in Philadelphia ruled on Friday that FTX must be investigated by an independent examiner. An investigation was earlier requested by the U.S. Trustee overseeing the FTX bankruptcy but was opposed by FTX's current CEO and denied by the Delaware bankruptcy judge overseeing the process.
Source
@CryptoWorldNews
💰 Bitwise is the first Bitcoin ETF issuer to disclose the specific amount of Bitcoin per share
@CryptoWorldNews
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💰 New Bitcoin ETFs did in 3 days what Gold took 36 days to achieve with $1.8 billion in assets
One of the most common comparisons we’ve seen concerning the launch of spot Bitcoin ETFs in the United States is the one with the launch of the first gold ETF (GLD) in 2004. Interestingly, comparing the two asset classes’ premieres through their daily attestations reveals some illuminating data.
Source
@CryptoWorldNews
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💰 Bitcoin Hits Peak Interest on Google Trends Following SEC's ETF Approvals
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs).
Source
@CryptoWorldNews
🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
Source
@CryptoWorldNews
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