The Japanese Financial Services Agency has issued tax reform requirements for fiscal year 2025, addressing the tax treatment of virtual currency transactions for the first time. Many investors are advocating for a change in the current maximum tax rate of 55% on cryptocurrencies to a unified single tax rate of 20%.
đ Latin American cryptocurrency overview: Brazil has banned X (Twitter), and Worldcoin faces a lawsuit in Chile. This analysis highlights the growing regulatory challenges in Latin America affecting cryptocurrencies and associated platforms.
đ Current state of Bitcoin Core development: in-depth discussion with leading Bitcoin developers such as Aaron van Wirdum, Ishaana Misra, Ava Chow and Murch on the current state of Bitcoin Core development and their outlook for the future.
đ° Number of cryptocurrency millionaires doubled in 2024 despite market downturn: Despite recent market downturns, the number of cryptocurrency millionaires doubled in 2024. This shows that the cryptocurrency market continues to offer significant opportunities even in times of uncertainty.
đ Report: US authorities claim Telegram holds $400 million worth of crypto assets: According to financial reports, Telegram holds significant crypto assets, raising questions about security and regulation.
đ ïž Cardano prepares for Chang hard fork: Cardano is preparing for the final stages of its much-anticipated Chang hard fork, which is expected to bring significant changes to the structure of the blockchain network. The move is seen as an attempt to improve scalability and functionality.
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The U.S. House Financial Services Committee will hold several crypto-focused hearings in September, covering DeFi, SEC enforcement, and âpig butcheringâ scams.
SEC Chair Gary Gensler is set to testify on September 23.
The lawsuit against Elon Musk and Tesla, alleging they manipulated the price of Dogecoin, causing $258bn in damages, has been dismissed by the U.S. judge.
Apple is in discussions to invest in OpenAI, joining a new funding round that could value the ChatGPT creator at over $100bn. This move would deepen Apple's involvement in the AI space, following its recent partnership with OpenAI on Apple Intelligence.
The funding round, led by VC firm Thrive Capital, is expected to include several billion dollars, with Microsoft also anticipated to participate.
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