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EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
18.10.2023
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.
On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Bitcoin, Ethereum Technical Analysis: BTC Nears $28,000 as Hopes for Grayscale’s ETF Rise
16.10.2023
Bitcoin surged towards $28,000 on Monday, as markets continued to react to the Securities and Exchange Commission (SEC) decision not to appeal the Grayscale ruling. The decision now means that Graycale could soon move to convert its bitcoin trust into an exchange-traded fund (ETF). Ethereum edged...
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
Google Assistant will soon incorporate Bard AI chat service
4.10.2023
Google announced that its browser-based AI program, Bard, will be used by Google Assistant devices soon
TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
3.10.2023
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book "Going Infinite."
Canadian Exchange TMX Soon to Start Bitcoin Futures Trading
3.10.2023
The futures contracts will trade on the Montreal Exchange and will be cash-settled and denominated in U.S. dollars, the exchange said
Economist Peter Schiff Warns of Biggest Bond Market Crash and ‘Unprecedented’ Financial Crisis
29.9.2023
Economist Peter Schiff has warned of an impending biggest bond market crash in U.S. history. “The coming economic and financial crisis will be unprecedented in size,” he added. “The stagflation nightmare will soon be a full-blown reality. Very few investors are actually prepared...
Label Foundation Joins Hands with LG Electronics for ‘Tracks’ Music Streaming Service
25.9.2023
PRESS RELEASE. The Label Foundation recently announced an agreement with global electronics giant, LG Electronics, to launch ‘Tracks’, an innovative Web3 music streaming platform, which will be soon available on the latest version of LG Smart TVs. Positioning itself as a leading Life...
Ethereum (ETH) Price Prediction: Will ETH Break the $1,800 Barrier Soon as Wall Street Memes Presale Closes Tomorrow
25.9.2023
As the cryptocurrency market continues to evolve with new developments, Ethereum (ETH) finds itself at a pivotal juncture.
With its price hovering just below the significant $1,800 threshold, many traders and analysts are keenly observing its next move.
Adding to the intrigue, the impending...
UK Online Safety Bill to Become Law Amidst Heavy Criticism From Civil Liberties Organizations
23.9.2023
The U.K. Online Safety Bill, a piece of legislation that seeks to make the country “the safest place in the world to be online,” has been signed by both houses of parliament and will become law soon. Several civil liberties organizations and activists have criticized it due to...
Binance’s Work Culture Explained
22.9.2023
Game rooms, unlimited food buffets, massage chairs and all those gimmicks were so 2010’s. Sure, it has been fun for a while, but soon enough, we started seeing more and more reports and news articles about how these incentives don’t accomplish their goal. No matter how many fancy perks there...
Will the Filecoin (FIL) price go back up soon?
20.9.2023
Filecoin (FIL) is a decentralized storage network and cryptocurrency backed by Google Ventures and Protocol Labs. It promises to bring a new level of efficiency, security, and availability to the world’s digital information. Since it was released in August 2020, Filecoin has seen an impressive...
Interest rate hikes may pause very soon — Here’s why
19.9.2023
This week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates might be paused
Circle CEO Jeremy Allaire: Stablecoin Bill Unlikely to Be Signed Into Law
19.9.2023
Jeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin in the market, has shared his skepticism about the passing of a stablecoin law anytime soon. On Laura Shin’s podcast, Unchained, Allaire explained that, while there is a consensus about the importance...
Lido’s Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains
14.9.2023
Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization
Bitcoin might soon touch the $22k mark; what does it mean for altcoins?
13.9.2023
The bustling world of cryptocurrency has recently been stirred with predictions, and the repercussions are being felt across the board. As Bitcoin, the best cryptocurrency and the main driver of market sentiment, takes another potential dip, what does this mean for top altcoins and emerging players...
Borderlands Dev Gearbox Might Be Getting Sold Off Soon
11.9.2023
Gearbox Software, the studio most well-known for the Borderlands franchise, is reportedly up for sale as parent company Embracer Group considers options to “shore up its finances,” according to a September 11 Reuters report.Read more
Ripple (XRP): Breakout soon or impending doom in the industry?
11.9.2023
The cryptocurrency sector has undergone a remarkable evolution, with Ripple consistently seizing the spotlight, captivating the attention of both investors and players. Embarking with Ripple entails navigating through substantial price fluctuations, prompting contemplation about the prospect of...
Here’s why Bitcoin will hit $22K soon
6.9.2023
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March