Share: Japan Blockchain Association has submitted a crypto asset tax reform request to the government, seeking a web3-friendly environment. The proposal seeks to eliminate income tax on profits when exchanging crypto assets. The move comes as … [Continue reading]
zkSync Era revenue aggregator protocol Kannagi Finance has reportedly rug pulled over $2 million
Share: A Peckshield report has indicated that Kannagi Finance has rug pulled, making away with up to $2.13 million in investor funds. The platform runs o the zkSync Era, which is in the race for the best Ethereum Layer 2 network. The network has … [Continue reading]
Crypto clampdown to intensify as US Senator Elizabeth Warren finds new ally in Wall Street Banks
Share: Wall Street Banks and Senator Elizabeth Warren have found common ground around crypto clampdown. A bank she is known to attack has endorsed Warren’s July 28 bill for more stringent rules on crypto with a focus on AML and terrorism … [Continue reading]
Shiba Inu price along with BONE rally as Shibarium-Ethereum bridge testnet kicks off
Share: Shiba Inu price as well as Bone ShibaSwap price shot up by 5% and 8%, respectively, in the last 24 hours. The Testnet bridge will allow the transfer of tokens between Ethereum and SHIB-based layer-2 chain Shibarium. This bullish move may … [Continue reading]
White House forecasts increase in CPI inflation for 2023 & 2024; Good news for Bitcoin price?
Share: The White House updated its forecast for CPI inflation from 3.0% to 3.3% for 2023 and 2.5% from 2.3% for 2024. Back in March, the White House stated that the 2.3% CPI-U target was consistent with the Federal Reserve’s 2.0% PCE target. Crypto … [Continue reading]
US Department of Justice demands FTX founder Sam Bankman-Fried be jailed until October trial
Share: The US Department of Justice highlighted Sam Bankman-Fried’s attempts at influencing witness testimony using his bail freedom. Earlier this week, prosecutors moved to revoke the FTX founder’s bail, to which Bankman-Fried’s lawyers have until … [Continue reading]
United States Baker Hughes US Oil Rig Count dipped from previous 530 to 529
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/USD: Current price action is a temporary setback – MUFG
Share: Economists at MUFG Bank analyze EUR/USD outlook following Thursday’s ECB policy update. ECB signals it is close to the end of their hiking cycle We still believe current price action is a temporary setback for the pair rather than a … [Continue reading]
EUR/GBP drops swiftly as BoE to tighten policy further despite recession fears
Share: EUR/GBP resumes its downside journey as BoE prepares for 14th consecutive interest-rate hike. UK retail orders and factory activities are facing wrath due to higher cost pressures and an uncertain demand outlook. The ECB raised interest … [Continue reading]
GBP/JPY slides to the 177.20 area following BoJ decision
Share: GBP/JPY cross remains under selling pressure and slides to the 177.20 area after the BoJ rate decision. Bank of Japan (BoJ) kept its short-term interest rates at -0.1%, 10-year JGB yield target around 0%. BoJ is closely watching the … [Continue reading]